Dallas, TX -- (SBWIRE) -- 04/01/2019 -- Catering services have become a significant factor in carrying out any event successfully. Corporate and social events such as official lunches, team building events, parties & events, and festive functions have their specific food and beverage requirements. Along with this, catering requirements for facilities such as schools, colleges, universities, hospitals as well for corporate and industrial offices provide lucrative opportunities for off-premise contract caterers.

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The North America catering market is characterized by the presence of contract caterers as well as restaurants that venture into catering to target a wider range of consumers. Restaurants who have already invested in equipment are focussing on increasing their return on investment by venturing into catering services. This expansion of their business channels creating increased revenue for these restaurants has positively impacted the market. The prevalent trait of having social gatherings such as destination weddings and other outdoor events is one the key North America catering market trend driving its growth. of is gathering momentum in North America. This has accelerated the growth of the North America off-premise catering market.

Key segments of the North America catering market

Type Overview, 2014-2025 (USD Billion): In House/On Premise, Outsourced/Off Premise

Event Type Overview, 2014-2025 (USD Billion): Corporate Events and Social Events

Industry Overview, 2014-2025 (USD Billion): Business & Industry (B&I), Education, Healthcare, Leisure, and Others

Country Overview, 2014-2025 (USD Billion): U.S. and Canada

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Business & Industry (B&I) generated the highest revenue accounting for over 19% of the North America catering market share in 2017. The U.S. has the highest number of corporate offices and industries, globally. The offices and industrial units provide their employees and workers food to ensure enhanced employee welfare. This has facilitated the demand for catering operators in this region.

The integration with third-party food delivery companies has been one of the major North America catering market trends. These companies have increased the consumer base due to the enhanced accessibility options offered by them. The food delivery companies have developed user-friendly apps and websites that allow users to view, customize and order their food. Thus, the collaboration of catering companies with the food delivery companies has enabled the catering industry to gather momentum.

The U.S. dominated the market in this region with a presence of around 12,600 caterers in 2016. The US catering market size was the largest due to the high demand from educational and corporate sectors. The revenue from the education sector which includes high schools, colleges and universities contributed the highest share in the U.S. with over 4% share in 2017. The increasing demand for catering services in corporate offices and factories is expected to render the B&I segment as the fastest growing sector.

The Canada catering market had witnessed a slowdown due to the decreasing consumer spending over the past few years. However, the increasing per capita disposable income along with the positive growth in real estate sector is expected to increase the demand for social caterers over the next few years. This is in turn expected to accelerate Canada catering market growth during the forecast period.

The competitive landscape of the North America catering market is fragmented in nature, with the presence of a large number of players. These companies include Abigail Kirsch, Aramark, Blue Plate Catering, LTD., Compass Group PLC, Elior Group, Sodexo, Windows Catering, Feastivities, Great Performance, and Panera Bread among others. The emergence of third-party food delivery companies has tremendously impacted the customer-reach of the catering companies. These third-party food delivery companies include ezCater, Inc., Caviar, GrubHub, DoorDash, and Clorder among others.

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Few points from Table of Contents
1. Executive Summary

2. Research Methodology
Research approach
Scope, definition, and assumptions
Data sources

3. Market Outlook
Introduction
Key trends
Market drivers
Market restraints
Market opportunities
PEST Analysis

4. Catering Market Overview, By Type
North America catering market share, by type, 2018 & 2025
In House/ On Premise
Market size and projections, 2014-2025
Outsourced/Off Premise
Market size and projections, 2014-2025
Continued…

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