Global Contract Catering Service Market 2021 By Type [Fixed Price, Cost-Plus and Other],By Application [Business & Industry, Education, Hospital and Senior Care, Defence & Offshore, Sports & Leisure and Other]: Forecast to 2027 and COVID-19 Impact Outlook

(MENAFN- Industry Research Place) According to the new report published by Industry Research Place Global Contract Catering Service Market is valued at USD 155.94 Billion in 2020 and expected to reach USD 216.95 Billion by 2027 with the CAGR of 4.85 % over the forecast period

This report analyses the global market for Contract Catering Service. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.

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Leading Players Of Global Contract Catering Service Market
1.Camst Group
2.Elior Group
3.Southern Foodservice
4.Treat America Food Services
5.Quest Food Management Services
6.Prince Food Systems
7.Food Management Group
8.SV Group
9.AVI Foodsystems
10.WSH
11.Ovations Food Services
12.API Restauration
13.Sodexo
14.Lessing’s Food Service Management
15.Pomptonian Food Service
16.Revolution Foods
17.Southwest Foodservice Excellence
18.Aramark
19.Compass Group
20.Food For Thought
21.CIR Food
22.Others

Market Segmentation
• Type
o Fixed Price
o Cost-Plus
o Other
• Application
o Business & Industry
o Education
o Hospital and Senior Care
o Defence & Offshore
o Sports & Leisure
o Other

Covid-19 Impact On Global Contract Catering Service Market
The contract catering market has been hit hard by the coronavirus pandemic. The ubiquitous closure of catering sites has subdued activity and where operation is possible, has entailed extra costs and lower capacity due to social distancing regulations.

Leading operators are moving quickly to develop and implement technology-based solutions to minimize personal contact on-site. These solutions will also increase their addressable market by enabling food delivery, while also offering the long-term opportunity for the deep integration of analytics across caterers’ activities to enable cost-savings and waste reduction.
Online catering is gaining immense popularity across the world as it allows consumers to conveniently order food through the menu on the website. Online platforms also allow vendors to examine customer preferences through analytics and thus, offer products based on customer demands and needs.

Vendors are partnering with logistics companies to promote the timely delivery of a chosen food item, thereby increasing their operational efficiency. Thus, the growing eminence of online catering services will drive the catering services market growth during the forecast period.

Market Trends
Specialized catering suppliers
Demand in the food service industry is mostly driven by large corporate spending. Major buyers are looking to go beyond just catering service offerings to employees and create a dining experience that enhances employee satisfaction and morale through adoption of unique menu and dining options from specialized catering suppliers

Technology adoption
Suppliers are also improving their supply capability while adopting performance-based metrics for evaluation and performance monitoring. Increasing expansions of global multinationals in APAC and parts of MEA have triggered an increase in outsourcing of catering services growing emphasis on adoption of technology to improve the customer experience and reduce time wasted waiting for food.

Mergers and acquisition
Global suppliers continue to aggressively increase their footprints in these regions through mergers and acquisitions as well as partnerships with local vendors. For example, having set-up operation in India by acquisition of two of the largest local players, Elior continues to look at expanding its operations in India through acquisitions.


Global Contract Catering Service Market COVID-19 impact Analysis
This report highlights the impact of the Covid-19 pandemic on Global Contract Catering Service Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.

The COVID 19 impact assessment of Global Contract Catering Service Market is divided into following sections:

Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.

Section2: During Lockdown
This part of the report collects data from across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries

Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.

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