Growing Acceptance Of Online Catering Order To Drive Global Catering Services Market Growth

Catering Services Market

Catering is nothing but the business of offering food services at any place or event, may it be an entertainment site, hospital, hotel, aircraft, pub, park, cruise ship, studio, filming site, party, or wedding. There are several kinds of food catering services available in the market, such as airline catering, mobile catering, and event catering.

The key factor driving the growth of the global catering services market is the rising inclination on technology adoption to enhance customer experience and decrease the waiting time for food. Furthermore, the growing acceptance of online catering is another key factor boosting the market growth. With the rising number of corporate events and in-house parties along with other catered functions has boosted the demand for these services among the businesses and high-income households thereby propelling the market growth. Also, the rising implementation of mobile-based payment solutions, like Samsung Pay, Google Android Pay, and Apple Pay, offer the consumers the accessibility of carrying out payments via online wallets and thus, reduce the time required at the billing counter and also eliminate the need to keep cash with them. This will surely drive the market growth during the forecast period. In addition, the latest trend observed in the global market is the growing need for healthy foods within menus.

The global catering services market is divided based on type and region. By type, the market is bifurcated into non-contractual catering services and contractual catering services. Of these, the market is projected to be dominated by the contractual catering services segment during forecast period with biggest market share. This dominance can be credited to the continuously altering dynamics of the modern workforce and ravenous craving for diverse kinds of cuisines.

Regionally, the global catering services market is anticipated to be governed by Asia Pacific region during the forecast period, trailed by North America and Europe region. The global dominance of Asia Pacific region can be accredited to the growing population and the rising requirement for industry players within the organized sector. India, China, Mexico, Japan, Canada, and Australia are projected to surface as the potential regional markets in the years to come.

The key players in the global catering services market are bartlett mitchel Ltd., Aramark, Delware North Companies Inc., Compass Group Plc, DO & CO Group, Deutsche Lufthansa AG, Emirates Flight Catering Co., Elior Group, Newrest Group Services SAS, and gategroup, among others. To cite, in March 2021, RailRestro, an online food delivery service, after recommencing e-catering facilities for railway passengers, has begun providing delicious regional dishes on railway routes throughout the country. Now, on-goers have the alternative to satisfy their taste buds with their choice of regional foods.