Catering Services Market Intelligence

Are you looking for answers on Catering Services category?

Are you looking for answers on Catering Services category?

  • What are the key trends in Catering Services category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Catering Services industry?
  • How is Catering Services industry performing?

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Report Coverage

  • Regional market outlook- North America, Europe, MEA, LATAM, APAC
  • Digital Transformation in Vending Industry
  • Catering Trends
  • Supply Trends and Insights

Market Size

Market Size North America

$123.65 Bn

Market Size Europe

$218.1 Bn

Market Size Asia Pacific

$78 Bn

The global market for catering services is expected to reach $614.47 billion by 2023 while growing at a constant CAGR of 4.5 percent. High market maturity regions include Western European countries, such as the UK, France, and Italy, along with other countries such the U.S., Singapore, the UAE, and Hong Kong. The potential growth market for catering is anticipated to be in Middle Eastern regions, India, China, Canada, Japan, Mexico, and Australia by 2023. About 60-70 percent of the entire catering contracts in developed markets will be a part of IFM contracts.

The global catering industry will be driven by a growing emphasis on the adoption of technology to improve customer experience and a reduction in the time spent waiting for food. The report also provides a regional market outlook in areas such as North America, Europe, MEA, APAC, and the LATAM. It also explores the digital transformations driving change in the vending industry, followed by best practices and innovation in other catering trends. The report also provides detailed profiles of global suppliers like the Compass Group, Sodexo, Aramark, and ISS.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Table of Contents

  1. Catering Services Executive Summary
  2. Global Catering Services
  3. Global Catering Industry Outlook - 2016
  4. Supply Market Outlook
  5. Brexit - Impact on Catering Services
  1. Catering Services Market Analysis
  2. Global Catering Services Market Maturity
  3. Global Catering Industry Trends
  4. Global Catering Drivers and Constraints
  5. Regional Market Outlook
  6. Industry Outlook - Factors Affecting Catering Services
  7. Porter's Five Forces Analysis: Developed Markets and Emerging Markets
  1. Catering Services Supply Analysis Slides
  2. Supply Market Outlook - Supply Trends and Insights
  3. Key Global B&I Catering Suppliers
  4. Key Regional B&I Catering Suppliers
  5. Key Global Supplier Profile
  6. Supplier SWOT Analysis
  1. Catering Services Cost and Pricing Analysis
  2. Cost Structure Analysis - Spending Categorization
  3. Cost Analysis and Expected Savings
  4. Cost Breakdown - Estimated Cost Model
  5. Cost Structure Analysis - Negotiation Benchmarks - 2016
  6. Pricing Models for Catering Services
  7. Pricing Models - Comparative Analysis
  8. Pricing Analysis - Price Forecast
  9. Key Catering KPI and SLA Components
  1. Catering Services Procurement Best Practices
  2. Sourcing Models for Catering Services
  3. Sourcing Models - Comparative Analysis
  4. Sourcing Models - Pros and Cons
  5. Performance Assessment of the Service Provider
  6. Key Success Factors for Catering Contracts

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Catering Services Global Industry Outlook

The global food service industry was valued at $454.4 billion in 2016

  • The market is forecasted to grow at a CAGR of 4 percent to $491.4 billion in 2018
  • Western European countries, such as the UK, France and Italy, along with countries such as the US, Singapore, the UAE and Hong Kong, have high market maturity Countries such as Saudi Arabia, Turkey, Canada, Japan and Australia are expected to be potential growth markets for catering services by 2020

Catering Services Global Market Maturity 

Other than Western Europe and a few other countries, markets for catering services as a standalone specialized function remain underdeveloped

  • About 60–70 percent of the total catering outsourcing contracts in these developed markets are a part of IFM contracts
  • B&I remained the major end-user segment of food services in 2016. However, suppliers are also concentrating on other lucrative segments, such as education and healthcare

 Catering Services Industry Trends 

Demand in the food service industry is mostly driven by large corporate spending. Major buyers are expanding their catering service offerings to employees through increased outsourcing to specialized catering suppliers
Suppliers are also improving their supply capability while adopting performance-based metrics for evaluation and performance monitoring.

Increasing expansions of global multinationals in APAC and parts of MEA have triggered an increase in outsourcing of catering services
Since 2010, global suppliers, such as Compass Group, Sodexo, Aramark and ISS, have been aggressively trying to increase their footprints in these regions through mergers and acquisitions as well as partnerships with local vendors

 Catering Services Drivers and Constraints

Absence of major suppliers or their direct operational presence across all locations leads to subcontracting of services

  • Subcontracting of services usually leads to variation in quality of services performed and makes it difficult to manage multiple suppliers and, hence, is avoided by the buyers as much as possible

Catering as a Talent Attraction and Retention Tool

  • More and more companies, especially high-tech and financial services, are showcasing their fine dining services as an additional employee benefit, rather than just a meal or subsidized amenity to attract and retain talent. For example, Google's lavish free meals program has caused companies that compete for highly skilled employees to follow suit with their own special menus and dining experiences, although most companies still charge employees a subsidized rate for the meals

Demand for Fresh and Healthy Food

  • There has been a growing demand for fresh and healthy food among corporate buyers, and food service operators have been focusing on offering healthier meals prepared from fresh ingredients at the location's kitchen and decreasing their reliance on frozen, pre-prepared foods Food Safety Compliance
  • Due to recent food safety-related incidents, the FDA has come up with tighter norms and regulations for controlling the quality and standards of food being served. These, along with the global push for food safety, is driving demand for outsourcing catering services

Mobile Workforce

  • Corporate dining services are negatively affected by increasingly mobile workforces. More and more companies are allowing employees to work from home or other off-site locations, and fewer employees on-site reduces the amount of customers in employee cafés, making it difficult for employee dining services to be self-sustaining Awareness Regarding Catering Outsourcing
  • There is also a low level of awareness among buyers in developing markets regarding opportunities presented by outsourcing catering services with respect to cost savings, regulatory compliance and operational efficiency


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