The catering management market is projected to record a CAGR of 4.3% during the forecast period (2022 to 2032).The catering management market is expected to be valued at USD 104.3 billion in 2022 and is likely to reach USD 159.3 billion by 2032.
| Attributes | Details |
|---|---|
| Catering Management Market CAGR (2022 to 2032) | 4.3% |
| Catering Management Market Value (2022) | USD 104.3 Billion |
| Catering Management Market Value (2032) | USD 159.3 Billion |
The catering management market is expected to expand significantly due to rising demand for ready-to-eat outdoor food and increased accessibility around the world.
Catering services provide healthy and hygienic food to customers as a result of improved foodservice packaging, encouraging many to opt for the same.
Furthermore, on account of the convenience of catering services, it is widely used in restaurants, offices, cafeterias, schools, colleges, and so on, facilitating the adoption of catering services.
The growing penetration of mobile-based payment solutions, such as Samsung Pay, and Google Android Pay, Apple Pay provides customers with the convenience of making payments through online wallets.
Hence, the non-necessity to carry cash while also reducing the time required for payments at the counter is further energizing the catering management market outlook.
The catering management market is also anticipated to grow due to stable economic growth in many developed and developing countries.
Recovering commodity prices, following a significant decline in the previous period, are all aiding market growth, and developed economies are also expected to grow steadily over the forecast period.
Furthermore, emerging markets are expected to grow slightly faster than developed markets during the forecast period.
Stable economic growth is expected to increase demand for the catering management market's services, driving the catering management market during the forecast period.
The global catering management market is being driven by the FDA's stringent norms and regulations for monitoring and controlling the quality and standards of the food being served.
The same is increasing global concern for food safety and demand for outsourcing catering services to a trusted source, thereby spiking the overall demand for catering services.
Catering services are in high demand in the Asia Pacific due to the region's growing population and the region's growing need for industry players in the organized sector.
Catering is being used as a talent attraction and retention tool by several corporate offices, propelling the catering management market trends forward.
The adoption of catering services is on the surge. An increasing number of companies are showcasing their dining services as an attraction by providing an additional employee benefit rather than just a meal.
Companies are providing subsidized customized menus and dining experiences to employees in order to attract and retain the best talent by increasing employee satisfaction and morale, boosting the overall catering management market.
A more comprehensive dining experience encourages employees to eat together and fosters a sense of belonging to the company. As a result, opens up huge catering management market opportunities as there are numerous themed restaurants and fine dining establishments on campus.
The growing emphasis on the use of technology to improve the customer experience and reduce the amount of time spent waiting for food augurs well for the catering management market future trends.
Moreover, the rapid expansion of global multinationals in emerging markets has provided the impetus to the catering management market statistics to a considerable extent.
Suppliers are increasing their supply capability while implementing performance-based metrics for evaluation and performance monitoring, providing the additional push for industry growth.
The catering management market is segmented by service type, application, and region.
Based on application, the corporate segment is anticipated to take the lead in the catering management market, advancing at a CAGR of 2.9% from 2022 to 2032.
An increase in corporate buyer demand for healthier fresh food is assisting the global catering management market.
Food service operators are shifting their focus away from frozen prepared foods and toward healthier meals prepared from fresh ingredients in the location's kitchen.
The contractual catering services segment is likely to hold a major catering management market share and is expected to maintain its dominance during the forecast period.
Some of the major factors expected to aid the leading position of the contractual catering services segment are the constantly changing dynamics of the modern workforce and an insatiable appetite for different types of cuisines.
Furthermore, the introduction of various offers, such as limited-time menu offerings and promotional offers, is likely to drive the contractual catering services segment.
During the forecast period, the North American market is expected to capture a sizeable catering management market share owing to the presence of numerous market playersa as well as providers of specialised services.
Europe is expected to grow faster than the rest of the world in the catering management market during the forecast period.
The catering management market size in Latin America and the Middle East and Africa region is expected to grow slowly during the forecast period.
In Asia-Pacific, China and Japan are the most important markets for catering management.
Factors such as the growing preference to dine in the office are likely to aid the growth of the Asia-Pacific catering management market during the forecast period.
The global catering management market is highly consolidated, with five major players controlling the major share.
The top vendors are investing in expanding their international presence and developing strong brand images for their services.
One of the notable catering management market trends in the global catering services market is the increasing number of mergers and acquisitions.
Mergers and acquisitions are being pursued by market participants in order to enter new market, diversify their service portfolio, augment their market share, reduce financial costs, and achieve economies of scale.
Catering management market players are also playing a significant role in bringing about emerging trends in catering management market and various other key strategies.
Numerous companies are forming alliances to cater to colleges, schools, and universities.
They are also involved in the development of mobile apps that provide tailored food options to meet the needs of each individual.
For instance, Sodexo, a foodservice and facilities management company, has announced a partnership with HelloFresh, the meal kit leader, to deliver HelloFresh and EveryPlate meal kits to students at over 300 colleges and universities across the United States.
Students can use Sodexo's BiteU app to pre-select, order, and schedule meal kits for delivery.
Table 1: Global Catering Management Market Value (US$ Bn) Forecast by Region, 2017-2032
Table 2: Global Catering Management Market Volume (Units) Forecast by Region, 2017-2032
Table 3: Global Catering Management Market Value (US$ Bn) Forecast by Service Type, 2017-2032
Table 4: Global Catering Management Market Volume (Units) Forecast by Service Type, 2017-2032
Table 5: Global Catering Management Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 6: Global Catering Management Market Volume (Units) Forecast by Application, 2017-2032
Table 7: North America Catering Management Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 8: North America Catering Management Market Volume (Units) Forecast by Country, 2017-2032
Table 9: North America Catering Management Market Value (US$ Bn) Forecast by Service Type, 2017-2032
Table 10: North America Catering Management Market Volume (Units) Forecast by Service Type, 2017-2032
Table 11: North America Catering Management Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 12: North America Catering Management Market Volume (Units) Forecast by Application, 2017-2032
Table 13: Latin America Catering Management Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 14: Latin America Catering Management Market Volume (Units) Forecast by Country, 2017-2032
Table 15: Latin America Catering Management Market Value (US$ Bn) Forecast by Service Type, 2017-2032
Table 16: Latin America Catering Management Market Volume (Units) Forecast by Service Type, 2017-2032
Table 17: Latin America Catering Management Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 18: Latin America Catering Management Market Volume (Units) Forecast by Application, 2017-2032
Table 19: Europe Catering Management Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 20: Europe Catering Management Market Volume (Units) Forecast by Country, 2017-2032
Table 21: Europe Catering Management Market Value (US$ Bn) Forecast by Service Type, 2017-2032
Table 22: Europe Catering Management Market Volume (Units) Forecast by Service Type, 2017-2032
Table 23: Europe Catering Management Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 24: Europe Catering Management Market Volume (Units) Forecast by Application, 2017-2032
Table 25: East Asia Catering Management Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 26: East Asia Catering Management Market Volume (Units) Forecast by Country, 2017-2032
Table 27: East Asia Catering Management Market Value (US$ Bn) Forecast by Service Type, 2017-2032
Table 28: East Asia Catering Management Market Volume (Units) Forecast by Service Type, 2017-2032
Table 29: East Asia Catering Management Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 30: East Asia Catering Management Market Volume (Units) Forecast by Application, 2017-2032
Table 31: South Asia Catering Management Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 32: South Asia Catering Management Market Volume (Units) Forecast by Country, 2017-2032
Table 33: South Asia Catering Management Market Value (US$ Bn) Forecast by Service Type, 2017-2032
Table 34: South Asia Catering Management Market Volume (Units) Forecast by Service Type, 2017-2032
Table 35: South Asia Catering Management Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 36: South Asia Catering Management Market Volume (Units) Forecast by Application, 2017-2032
Table 37: Oceania Catering Management Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 38: Oceania Catering Management Market Volume (Units) Forecast by Country, 2017-2032
Table 39: Oceania Catering Management Market Value (US$ Bn) Forecast by Service Type, 2017-2032
Table 40: Oceania Catering Management Market Volume (Units) Forecast by Service Type, 2017-2032
Table 41: Oceania Catering Management Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 42: Oceania Catering Management Market Volume (Units) Forecast by Application, 2017-2032
Table 43: MEA Catering Management Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 44: MEA Catering Management Market Volume (Units) Forecast by Country, 2017-2032
Table 45: MEA Catering Management Market Value (US$ Bn) Forecast by Service Type, 2017-2032
Table 46: MEA Catering Management Market Volume (Units) Forecast by Service Type, 2017-2032
Table 47: MEA Catering Management Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 48: MEA Catering Management Market Volume (Units) Forecast by Application, 2017-2032
Figure 1: Global Catering Management Market Value (US$ Bn) by Service Type, 2022-2032
Figure 2: Global Catering Management Market Value (US$ Bn) by Application, 2022-2032
Figure 3: Global Catering Management Market Value (US$ Bn) by Region, 2022-2032
Figure 4: Global Catering Management Market Value (US$ Bn) Analysis by Region, 2017-2032
Figure 5: Global Catering Management Market Volume (Units) Analysis by Region, 2017-2032
Figure 6: Global Catering Management Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 7: Global Catering Management Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 8: Global Catering Management Market Value (US$ Bn) Analysis by Service Type, 2017-2032
Figure 9: Global Catering Management Market Volume (Units) Analysis by Service Type, 2017-2032
Figure 10: Global Catering Management Market Value Share (%) and BPS Analysis by Service Type, 2022-2032
Figure 11: Global Catering Management Market Y-o-Y Growth (%) Projections by Service Type, 2022-2032
Figure 12: Global Catering Management Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 13: Global Catering Management Market Volume (Units) Analysis by Application, 2017-2032
Figure 14: Global Catering Management Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 15: Global Catering Management Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 16: Global Catering Management Market Attractiveness by Service Type, 2022-2032
Figure 17: Global Catering Management Market Attractiveness by Application, 2022-2032
Figure 18: Global Catering Management Market Attractiveness by Region, 2022-2032
Figure 19: North America Catering Management Market Value (US$ Bn) by Service Type, 2022-2032
Figure 20: North America Catering Management Market Value (US$ Bn) by Application, 2022-2032
Figure 21: North America Catering Management Market Value (US$ Bn) by Country, 2022-2032
Figure 22: North America Catering Management Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 23: North America Catering Management Market Volume (Units) Analysis by Country, 2017-2032
Figure 24: North America Catering Management Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 25: North America Catering Management Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 26: North America Catering Management Market Value (US$ Bn) Analysis by Service Type, 2017-2032
Figure 27: North America Catering Management Market Volume (Units) Analysis by Service Type, 2017-2032
Figure 28: North America Catering Management Market Value Share (%) and BPS Analysis by Service Type, 2022-2032
Figure 29: North America Catering Management Market Y-o-Y Growth (%) Projections by Service Type, 2022-2032
Figure 30: North America Catering Management Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 31: North America Catering Management Market Volume (Units) Analysis by Application, 2017-2032
Figure 32: North America Catering Management Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 33: North America Catering Management Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 34: North America Catering Management Market Attractiveness by Service Type, 2022-2032
Figure 35: North America Catering Management Market Attractiveness by Application, 2022-2032
Figure 36: North America Catering Management Market Attractiveness by Country, 2022-2032
Figure 37: Latin America Catering Management Market Value (US$ Bn) by Service Type, 2022-2032
Figure 38: Latin America Catering Management Market Value (US$ Bn) by Application, 2022-2032
Figure 39: Latin America Catering Management Market Value (US$ Bn) by Country, 2022-2032
Figure 40: Latin America Catering Management Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 41: Latin America Catering Management Market Volume (Units) Analysis by Country, 2017-2032
Figure 42: Latin America Catering Management Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 43: Latin America Catering Management Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 44: Latin America Catering Management Market Value (US$ Bn) Analysis by Service Type, 2017-2032
Figure 45: Latin America Catering Management Market Volume (Units) Analysis by Service Type, 2017-2032
Figure 46: Latin America Catering Management Market Value Share (%) and BPS Analysis by Service Type, 2022-2032
Figure 47: Latin America Catering Management Market Y-o-Y Growth (%) Projections by Service Type, 2022-2032
Figure 48: Latin America Catering Management Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 49: Latin America Catering Management Market Volume (Units) Analysis by Application, 2017-2032
Figure 50: Latin America Catering Management Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 51: Latin America Catering Management Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 52: Latin America Catering Management Market Attractiveness by Service Type, 2022-2032
Figure 53: Latin America Catering Management Market Attractiveness by Application, 2022-2032
Figure 54: Latin America Catering Management Market Attractiveness by Country, 2022-2032
Figure 55: Europe Catering Management Market Value (US$ Bn) by Service Type, 2022-2032
Figure 56: Europe Catering Management Market Value (US$ Bn) by Application, 2022-2032
Figure 57: Europe Catering Management Market Value (US$ Bn) by Country, 2022-2032
Figure 58: Europe Catering Management Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 59: Europe Catering Management Market Volume (Units) Analysis by Country, 2017-2032
Figure 60: Europe Catering Management Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 61: Europe Catering Management Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 62: Europe Catering Management Market Value (US$ Bn) Analysis by Service Type, 2017-2032
Figure 63: Europe Catering Management Market Volume (Units) Analysis by Service Type, 2017-2032
Figure 64: Europe Catering Management Market Value Share (%) and BPS Analysis by Service Type, 2022-2032
Figure 65: Europe Catering Management Market Y-o-Y Growth (%) Projections by Service Type, 2022-2032
Figure 66: Europe Catering Management Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 67: Europe Catering Management Market Volume (Units) Analysis by Application, 2017-2032
Figure 68: Europe Catering Management Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 69: Europe Catering Management Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 70: Europe Catering Management Market Attractiveness by Service Type, 2022-2032
Figure 71: Europe Catering Management Market Attractiveness by Application, 2022-2032
Figure 72: Europe Catering Management Market Attractiveness by Country, 2022-2032
Figure 73: East Asia Catering Management Market Value (US$ Bn) by Service Type, 2022-2032
Figure 74: East Asia Catering Management Market Value (US$ Bn) by Application, 2022-2032
Figure 75: East Asia Catering Management Market Value (US$ Bn) by Country, 2022-2032
Figure 76: East Asia Catering Management Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 77: East Asia Catering Management Market Volume (Units) Analysis by Country, 2017-2032
Figure 78: East Asia Catering Management Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 79: East Asia Catering Management Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 80: East Asia Catering Management Market Value (US$ Bn) Analysis by Service Type, 2017-2032
Figure 81: East Asia Catering Management Market Volume (Units) Analysis by Service Type, 2017-2032
Figure 82: East Asia Catering Management Market Value Share (%) and BPS Analysis by Service Type, 2022-2032
Figure 83: East Asia Catering Management Market Y-o-Y Growth (%) Projections by Service Type, 2022-2032
Figure 84: East Asia Catering Management Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 85: East Asia Catering Management Market Volume (Units) Analysis by Application, 2017-2032
Figure 86: East Asia Catering Management Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 87: East Asia Catering Management Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 88: East Asia Catering Management Market Attractiveness by Service Type, 2022-2032
Figure 89: East Asia Catering Management Market Attractiveness by Application, 2022-2032
Figure 90: East Asia Catering Management Market Attractiveness by Country, 2022-2032
Figure 91: South Asia Catering Management Market Value (US$ Bn) by Service Type, 2022-2032
Figure 92: South Asia Catering Management Market Value (US$ Bn) by Application, 2022-2032
Figure 93: South Asia Catering Management Market Value (US$ Bn) by Country, 2022-2032
Figure 94: South Asia Catering Management Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 95: South Asia Catering Management Market Volume (Units) Analysis by Country, 2017-2032
Figure 96: South Asia Catering Management Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 97: South Asia Catering Management Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 98: South Asia Catering Management Market Value (US$ Bn) Analysis by Service Type, 2017-2032
Figure 99: South Asia Catering Management Market Volume (Units) Analysis by Service Type, 2017-2032
Figure 100: South Asia Catering Management Market Value Share (%) and BPS Analysis by Service Type, 2022-2032
Figure 101: South Asia Catering Management Market Y-o-Y Growth (%) Projections by Service Type, 2022-2032
Figure 102: South Asia Catering Management Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 103: South Asia Catering Management Market Volume (Units) Analysis by Application, 2017-2032
Figure 104: South Asia Catering Management Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 105: South Asia Catering Management Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 106: South Asia Catering Management Market Attractiveness by Service Type, 2022-2032
Figure 107: South Asia Catering Management Market Attractiveness by Application, 2022-2032
Figure 108: South Asia Catering Management Market Attractiveness by Country, 2022-2032
Figure 109: Oceania Catering Management Market Value (US$ Bn) by Service Type, 2022-2032
Figure 110: Oceania Catering Management Market Value (US$ Bn) by Application, 2022-2032
Figure 111: Oceania Catering Management Market Value (US$ Bn) by Country, 2022-2032
Figure 112: Oceania Catering Management Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 113: Oceania Catering Management Market Volume (Units) Analysis by Country, 2017-2032
Figure 114: Oceania Catering Management Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 115: Oceania Catering Management Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 116: Oceania Catering Management Market Value (US$ Bn) Analysis by Service Type, 2017-2032
Figure 117: Oceania Catering Management Market Volume (Units) Analysis by Service Type, 2017-2032
Figure 118: Oceania Catering Management Market Value Share (%) and BPS Analysis by Service Type, 2022-2032
Figure 119: Oceania Catering Management Market Y-o-Y Growth (%) Projections by Service Type, 2022-2032
Figure 120: Oceania Catering Management Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 121: Oceania Catering Management Market Volume (Units) Analysis by Application, 2017-2032
Figure 122: Oceania Catering Management Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 123: Oceania Catering Management Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 124: Oceania Catering Management Market Attractiveness by Service Type, 2022-2032
Figure 125: Oceania Catering Management Market Attractiveness by Application, 2022-2032
Figure 126: Oceania Catering Management Market Attractiveness by Country, 2022-2032
Figure 127: MEA Catering Management Market Value (US$ Bn) by Service Type, 2022-2032
Figure 128: MEA Catering Management Market Value (US$ Bn) by Application, 2022-2032
Figure 129: MEA Catering Management Market Value (US$ Bn) by Country, 2022-2032
Figure 130: MEA Catering Management Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 131: MEA Catering Management Market Volume (Units) Analysis by Country, 2017-2032
Figure 132: MEA Catering Management Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 133: MEA Catering Management Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 134: MEA Catering Management Market Value (US$ Bn) Analysis by Service Type, 2017-2032
Figure 135: MEA Catering Management Market Volume (Units) Analysis by Service Type, 2017-2032
Figure 136: MEA Catering Management Market Value Share (%) and BPS Analysis by Service Type, 2022-2032
Figure 137: MEA Catering Management Market Y-o-Y Growth (%) Projections by Service Type, 2022-2032
Figure 138: MEA Catering Management Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 139: MEA Catering Management Market Volume (Units) Analysis by Application, 2017-2032
Figure 140: MEA Catering Management Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 141: MEA Catering Management Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 142: MEA Catering Management Market Attractiveness by Service Type, 2022-2032
Figure 143: MEA Catering Management Market Attractiveness by Application, 2022-2032
Figure 144: MEA Catering Management Market Attractiveness by Country, 2022-2032
The catering management market is projected to register a CAGR of 4.3% through 2032.
During the forecast period, North America is expected to lead the catering management market from 2022 to 2032.
Corporate segment is expected to dominate the catering management marketing market over the forecast period.
The catering management market is expected to be valued at USD 159.3 billion by 2032.
The catering management market accounted for around USD 101.4 billion in 2021.
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