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Catering Services
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Abi will answer all Catering Services related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

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Get up-to-date market and supplier info on Catering Services to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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COVID 19 impact on Catering Services market

  • Due to COVID issue, food demand over strips the supply. The situation is expected to stabilize once the pandemic ends.
  • Compass Group’s quarterly results gave negative numbers due to slowdown in demand
  • Sodexo is taking steps to ensure food safety, personal hygiene and infection control in order to reduce the risk of virus spread

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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

$128.59 Bn

Market Size Europe

$228.1 Bn

Market Size Asia Pacific

$83.46 Bn

CAGR

1-3 percent

The global market for catering services is expected to reach $616.24 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 as 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 service 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 industry 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. Executive Summary
  2. Global Catering Industry Outlook
  3. Supply Market Outlook
  4. Demand Market Outlook
  5. Category Strategy
  6. COVID-19 Outlook
  1. COVID-19 Analysis
  2. Industry Watch
  3. Supplier Watch
  4. Best Practices
  1. Market Analysis
  2. Market Maturity
  3. Industry Trends
  4. Drivers and Constraints
  5. Regional Market Outlook
  6. Food Equipment Market Overview
  7. Porter’s Five Forces Analysis

 

  1. Innovation Framework & Category Trends
  2. Innovation Framework
  3. Major Market Trends
  4. Sub-category Trends
  5. Technology Trends
  6. Competitive Intelligence
  7. Data-Driven Food Services & Applications
  8. Service Innovations

 

  1. Cost and Pricing Analysis
  2. Cost Structure Analysis
  3. Spending Categorization
  4. Pricing Model
  5. Pricing Analysis

 

  1. TCO and Negotiation Levers
  2. Total Cost of Ownership (TCO)
  3. Cost Breakdown
  4. Estimated Cost Model
  5. Cost Structure Analysis
  6. Negotiation Benchmarks

 

  1. Supplier Analysis
  2. Global Service Providers
  3. Regional Service Providers
  4. Key Service Provider Overview

 

  1. Procurement Best Practices
  2. Sourcing Model Analysis
  3. Sourcing Model
  4. Comparative Analysis
  5. Sourcing Model
  6. Pros and Cons
  7. Performance Assessment of the Service Provider
  8. Key Success Factors for Catering Contracts
  9. KPI’s & SLA’s

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Catering Services Global Industry Outlook

The global food service industry was valued at $524.14 billion in 2019, the market is forecasted to grow at a CAGR of 1-3 percent by 2025

Western European countries, such as the UK, France, and Italy, along with countries, such as the U.S., Singapore, the UAE, and Hong Kong, are the regions that have a high market maturity

Middle Eastern regions, India, China, Canada, Mexico, Japan, and Australia, are expected to be potential growth centers for catering services

Economic unrest due to COVID-19 pandemic has reduced the overall growth rate of catering service across the globe

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
  • Healthcare, B&I, and education remained the major end-user segment of food services in 2018. 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 looking to go beyond just catering service offerings to employees and create a dining experience that enhances employee satisfaction and morale through adoption of unique menu and dining options from 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 Growing emphasis on adoption of technology to improve the customer experience and reduce time wasted waiting for food.

Global suppliers continue to aggressively increase their footprints in these regions through mergers and acquisitions as well as partnerships with local vendors. For example, having set-up operation in India by acquisition of two of the largest local players, Elior continues to look at expanding its operations in India through acquisitions.

 Catering Services Drivers and Constraints

  • In the fastest growing regions, like APAC, developing countries, such as India (currently growing at a CAGR of 15 percent), have a highly fragmented market for catering services and a very high demand from buyers for organized catering
  • The absence of major suppliers or their direct operational presence across all locations leads to subcontracting services which is avoided by buyers
  • Political and Economic unrest in Europe owing to BREXIT and other factors are expected to slow the growth of the service in Europe
  • 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

Constraints

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

category-intelligence-catering-services 

Catering Unmanned Solutions Prevailing in the Market

Automation in Cutlery

  •  Automation in cutlery ensures significant savings by cutting down labor
  •  Sustainably optimize hygiene through sorting and the hygienic packaging
  •  Automated addition of additional items, such as salt, pepper, toothpicks, etc.
  •  Exact cutlery counting, detection, and sorting of different types of cutlery
  •  Major end users include hospitals, event caterers, university canteens, and inflight caterers

Automation in Food Portioning

  •  It consists of multiple modules and the performance parameters of each module are exactly defined for portions according to the requirements
  • Bar code detection (e.g., on a company ID card) defines which food is requested and which individual dishes and items of cutlery are required accordingly
  • The subsequent process leading to the placement of the food is fully automated
  • Each tray is individually charged for each customer

Automation for transport and conveying technology

  • Include sophisticated automation products for transport processes in catering facilities and industrial kitchens
  • Automates modules upstream and downstream of the cleaning technology
  • Covers modules for vertical and horizontal conveying, round belt conveying, trolley lifting devices, as well as lifting and rotating towers
  • It ensures that work is not interrupted during the operational procedure
  • The process reliability and durability of transport systems lead to cost savings and relieve workers of heavy work tasks

 

Catering Market Frequently Asked Questions

  1. What is the expected growth of the catering services market by 2023?
  2. According to Beroe’s catering services market forecast, by 2023, the catering services market size is expected to reach $616.24 billion while growing at a constant CAGR of 4.5 percent.
  1. What are the potential growth markets for catering services in the future?
  2. Western European countries, like the U.K., France, and Italy, along with countries such as the U.S., 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.
  1. What are the current catering services market trends?
  2. From the catering services market reports by Beroe, the demand in the food service industry is mostly driven by large corporate spending. Other market trends include Suppliers are adopting performance-based metrics for evaluation and performance monitoring while improving their supply capability. Increase in outsourcing of commissary and catering services as a result of increasing expansions of global multinationals in APAC and parts of MEA. Global suppliers are focusing on expanding their footprints through mergers and acquisitions with local vendors.
  1. What are the factors impacting the growth of the global catering services market?
  2. From Beroe’s catering services market outlook and analysis reports, here are the factors impacting the market growth - In fast-growing regions like APAC, the market is highly fragmented and the demand from buyers for organized catering. The absence of major suppliers leads to subcontracting services that buyers avoid. In the European market, the growth is expected to slow down due to political and economic unrest owing to BREXIT.
  1. Are there any constraints that the catering services market faces?
  2. The catering services market faces constraints in its growth due to the following. The growing number of the mobile workforce will negatively affect corporate dining services. There is a low level of awareness among buyers regarding the cost savings, regulatory compliance, and operational efficiency that outsourcing catering services can present.

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