Dublin, July 12, 2021 (GLOBE NEWSWIRE) -- The "Contract Catering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
Global contract catering market to grow at a CAGR of around 6% during the forecast period 2021-2026
Contract catering refers to the food services provided by a catering company for an event or an organization on a contractual basis. In such cases, catering companies take accountability of their services and food quality, thereby help in enhancing the client's reputation and business.
Furthermore, contract catering has emerged as a cost-effective way of managing food services in a very less stressful manner for various events. Owing to this, contract catering is being rapidly adopted across diverse sectors, including education, corporate, healthcare, defense, sports, senior care, aerospace, etc.
The prevalent trend of hospitality and fine dining, as a part of business development to establish good client relationship has led to the rising adoption of contract catering services by several private and public companies. Moreover, various caterers are focused on providing premium table services, exotic ingredients, live food counters and aesthetic delicacies in a profound manner, thereby transforming the global contract catering market.
Additionally, the changing socio-economic scenario coupled with rising consumer living standards, particularly across the developing regions is further driving the market. Moreover, contract catering services are also gaining popularity in the healthcare sector due to the growing need for wellness and a balanced diet.
Apart from this, the increasing demand for hygienic and nutritional food across educational institutions and geriatric care centers are also catalyzing the market for contract catering. Due to rapid digitalization and increasing penetration of smart devices, several contract catering companies are leveraging technology for offering pre-booking options, online menus, customized orders, and shorter waiting durations. In recent times, rising globalization levels, growing number of tourism activities, and exposure to various inter-cultural cuisines have resulted in changing consumer food preferences across the world.
Apart from this, the expansion of leading contract catering companies along with their integrated services are attracting a large consumer base globally. Moreover, the emergence of advanced business models for offering ad-hoc workplace food services are expected to further boost the growth of the contract catering market in the coming years.
Key Questions Answered in This Report:
How has the global contract catering market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the contract catering market?
What are the key regional markets?
What is the breakup of the market based on the contract type?
What is the breakup of the market based on the modes of contract?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global contract catering market and who are the key players?
What is the degree of competition in the market?
The competitive landscape of the industry has also been examined with some of the key players being
ABM Catering Solutions
Blue Apple Catering
Dine Contract Catering
Fazer Food Services
OCS Group Ltd.
Breakup by Contract Type:
Fixed Price Contracts
Cost Plus Contracts
Breakup by Modes of Contract:
Breakup by End User:
Business and Industry
Healthcare and Senior Care
Defence and Offshore
Sports and Leisure
Breakup by Region:
Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/odva68
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