Published Date : May 23, 2016
ALBANY, New York, May 23, 2016: MarketResearchReports.biz announces the addition of a new market research study to its comprehensive collection of research reports. The study, titled “Global Contract Catering Market (By End-Use Sector, By Region, By Country): Opportunities And Forecasts (2016- 2021)By Region (North America, Europe, APAC); By End-Use Sector (Business & Industry, Education, Hospital, Senior Care, Defence & Offshore, Sports & Leisure); By Country (USA, Canada, UK, France, Germany, Spain, India, China, Japan); Company Analysis,” offers an in-depth reports of the market, emphasizing on its product segmentation, opportunities, forecast, and key geographical segments.
The primary objective of the research study is to provide data about the historical growth pattern of and predictions regarding the global market for contract catering. The past market trends of contact catering have been studied with the help of secondary research and by accessing several paid databases. In addition, primary research has also been conducted to provide the readers with the dynamics of the industry. According to the research study, the global market for contract catering is anticipated to register a 4.02% CAGR between 2016 and 2021.
The rising demand for outsourcing services, in which several organizations are emphasizing on their core business and outsourcing their non-core activities, is the major factor fuelling the growth of the global contract catering market. In addition, the growing awareness regarding the intake of a balanced nutritional diet throughout work hours is further estimated to augment the growth of the market in the forecast period. Moreover, the growing need to enhance the quality of life of employees who are working in remote locations has created potential opportunities in end-use segments such as the corporate sector.
By end use, the global market for contract catering has been classified into defense and offshore, education, business and industry, senior care, sports and leisure, and hospitals. The research study further presents the market share and size of each segment, along with its future projections, to give a clear picture of the global contract catering market.
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By geography, the global market for contract catering has been divided into Europe, North America, and Asia Pacific. Among these regions, North America has acquired the status of a saturated market, with the largest share held by the U.S. in the last few years. On the other hand, the Asia Pacific market for contract catering is expected to grow at a fast rate, owing to the promising growth prospects in the Japan and India markets.
Furthermore, the study throws light on the competitive scenario of the global market for contract catering, including the company profiles, financial status, product portfolio, business strategies, recent developments, and SWOT reports of major players in the market. Some of the major players operating in the global market for contract catering are Sodexo, Ch & Co Catering, MITIE Catering Services, Baxterstorey, Compass Group, Elior, and Aramark.
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