Meet Abi
Abi will answer all Catering Services related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Discover Market Info
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
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
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Find Suppliers
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
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 Performance
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Source Market Indices
Get information on key factors affecting your supply
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
Meet Abi
Discover Market Info
Manage Risk
Find Suppliers
Assess Category Performance
Source Market Indices
Abi will answer all Catering Services related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
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
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
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
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
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Get information on key factors affecting your supply
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
Are your suppliers secure from the covid-19 impact?
$128.59 Bn
$228.1 Bn
$83.46 Bn
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.
Category Intelligence on Catering Services covers the following
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
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 as a Talent Attraction and Retention Tool
Demand for Fresh and Healthy Food
Constraints
Mobile Workforce
Awareness Regarding Catering Outsourcing
Automation in Cutlery
Automation in Food Portioning
Automation for transport and conveying technology
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