The Business Research Company’s Catering Services And Food Contractors global market report, covers the year-on-year growth of the global Catering Services And Food Contractors market historic and forecast growth. It also includes chapters on the Catering Services And Food Contractors market trends, geographical analysis, and competitive landscape.
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The global catering services and food contractors market size is expected to reach $1.7 trillion by 2022, significantly growing at a CAGR of around 8% during the forecast period.
Catering Services And Food Contractors Market Trends
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.
Delivering surplus and leftover food to the homeless and needy is increasingly popular among catering services and food service contractors. According to the Environmental Protection Agency the USA has about 35 million tons of leftover food yearly with 48 million Americans living in food-insecure households. To tackle this, Starbucks is planning to provide around 5 million meals to food banks in the USA instead of throwing the food away. This figure is expected to grow to 50 million meals in the next five years. In Australia, Australian airlines donate surplus food to homeless people. Historically the leftover food was burnt after the completion of every flight, but now Australian airlines is delivering surplus and leftover food to charity organizations.
The global catering services and food contractors market is primarily driven by increase in In disposable income, advances in technology and growth in the industry
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The global Catering Services And Food Contractors market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increase in government initiatives, food services in commercial establishments, emerging markets, the global Catering Services And Food Contractors market is expected to increase in potential and scope. TBRC’s report also covers the Catering Services And Food Contractors drivers and restraints in the market.
The global Catering Services And Food Contractors market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global Catering Services And Food Contractors market report are Compass Group plc, Sodexo, Aramark Corporation, Elior Group, Delaware North.
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