The catering services and food
contractor’s industry offers food services per single event or on a contractual
basis. Such establishments include banquet halls with catering services,
caterers, airline food service caterers, canteen catering services and
contractual caterers. This industry does not include food vending machines and
mobile food services (food trucks) and renting of non-residential buildings
without food catering services.
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The global catering services and food
contractors market has been growing in the past years with a CAGR of almost 9%.
TBRC’s latest report show the historic and future trends in the market for each
year with sourced reasons to support the growth claims.
The report also shows the global
catering services and food contractors market to grow at a higher CAGR by 2021
as compared to 2017, along with geographies best suited for investments with
highest return rate.
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report at:
Catering services and food
contractors are increasingly 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.
Companies included in the report
are Compass Group plc, Sodexo, Aramark Corporation, Elior Group, Delaware
North, and Thompson Hospitality.
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