Learn about the global catering services and food contractors market through The Business Research Company, which provides information on catering services and food contractors market size, catering services and food contractors market drivers and restraints, catering services and food contractors market players, the COVID-19 impact on the catering services and food contractors market, and more.

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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%.

Stable economic growth is expected to increase the demand for services offered by this industry, thereby driving the market during forecast period.

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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.

Global catering services and food contractors market segments include:

By Type: Food Service Contractors, Catering Services

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 was the largest region in the global catering services and food contractors market, accounting for 32% of the market in 2020.

There is a 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.

TBRC’s catering services and food contractors market report covers:

Major Market Players: 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)

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, leading competitor revenues, profiles and market shares.

TBRC’s 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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