Global Catering Services And Food Contractors Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Catering Services And Food Contractors Market Report by The Business Research Company covers catering services and food contractors market drivers and restraints, catering services and food contractors market size, major players, and the impact of COVID-19 on the catering services and food contractors market.
The catering services and food contractors market consists of sales of single event-based food services or food services at institutional, governmental, commercial, or industrial locations of others based on contractual arrangements with these types of organizations for a specified period of time by entities (organizations, sole traders and partnerships) that provide single event-based food services or food services at institutional, governmental, commercial, or industrial locations of others based on contractual arrangements with these types of organizations for a specified period of time. The catering services and food contractors market is segmented into food service contractors and catering services.
Stable economic growth is expected to increase the demand for services offered by this industry, thereby driving the market during forecast period. The global catering services and food contractors market is expected to grow from $234.56 billion in 2020 to $251.82 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $328.11 billion in 2025 at a CAGR of 7%.
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Some catering services and food contractors market trends include growing emphasis on sourcing local and organic raw materials and ingredients to produce meals. Many individuals in the 18-35 age group prefer organic meals as they are becoming conscious about their eating habits and lifestyles. For instance, more than 1.5 million meals are delivered daily under Food for Life brand that is famous for its organically balanced meals. Establishments in the industry are increasingly seeking to differentiate themselves by upgrading their ingredients and experimenting with healthier meals.
Global catering services and food contractors market segments include:
1) By Type: Food Service Contractors, Catering Services.
2) By Ownership: Chained, Standalone.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Western Europe is the largest region in the global catering services and food contractor market, accounting for 32% of the market.
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The Catering Services And Food Contractors Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides catering services and food contractors market overviews, analyzes and forecasts market size, share, catering services and food contractors market players, catering services and food contractors market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The catering services and food contractors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Catering Services And Food Contractors Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Compass Group plc, Sodexo, Aramark Corporation, Elior Group, Delaware North.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Catering Services And Food Contractors Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Catering Services And Food Contractors Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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