Arizton provides an in-depth market insights report on the U.S. contract catering market and Europe contract catering market.
Arizton provides information related to the industry’s key issues, existing market landscape, regulatory concerns, risks & opportunities, technology evolution, and future commercial potential. These reports provide a comprehensive and current market scenario of the contract catering market across various regions, including market size, anticipated market forecast, relevant market segmentations, and industry trends.
Nutrition-Based Food Services Gain Momentum, Boosting US Contract Catering Market
The U.S. contract catering market is projected to reach USD 70.60 billion by 2028, growing at a CAGR of 4.64% during 2022-2028.
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The US contract catering market is experiencing substantial growth driven by several key factors. These include the increasing popularity of fresh food subscriptions, a growing demand for personalized food options, the widespread use of smart devices and digitalization, a rising emphasis on balanced diets and wellness in geriatric care centers and the healthcare sector, a surge in entertainment-related events, and the emergence of a new era in facilities outsourcing.
One notable trend within the US contract catering market is the rising demand for high-quality, nutrition-based food services. This demand is expected to be a significant driver of market growth in the foreseeable future.
A considerable portion of the market’s attention is directed towards catering services for K-12 school groups. This focus is primarily due to the rising population of infants and children in the United States, which creates a substantial demand for food services in educational settings.
Leading players in this market include Compass Group, Aramark Services, Sodexo, Delaware North, and others. These companies have established a strong presence and market penetration. Additionally, noteworthy players in the market, such as American Dining Creations, Atalian Servest Group Ltd., AVI Foodsystems, Legends, Gourmet Caterers, Guest Services, ISS A/S, Nexdine, also contribute significantly to the industry’s landscape.
Robust Growth Opportunities in the Europe Contract Catering Market
The Europe contract catering market to reach USD 69.77 billion by 2028, growing at a CAGR of 3.94% during 2022-2028.
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Health care & senior care segment in the Europe contract catering market is witnessing significant growth with a CAGR of 4.49% during the forecast period. The driving factors are the growing number of nursing homes, the increasing number of hospitals, and the growing demand for high-quality food. IFM segment of the Europe contract catering market is growing significantly with a CAGR of 4.17% during the forecast period due to increasing demand for customized food services, rising demand for less complex services, and growing demand for high-quality food services. The on and off-premise segment of the Europe contract catering market is significantly growing with a CAGR of 4.77% during the forecast period due to the rising construction sector, growing food subscription services, and growing sports & events sector.
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