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  • Feasting on Success: Global Catering Market Hits over $150 Bn in 2022, but Will the Growth Trend Continue Beyond? — Ken Research
Business

Feasting on Success: Global Catering Market Hits over $150 Bn in 2022, but Will the Growth Trend Continue Beyond? — Ken Research

April 17, 2023
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Global Catering Market which reached a value of over $150 Bn in the year 2022. The food service industry is further expected to grow at a robust CAGR by 2027, says a report by Ken Research

1. Contract Catering is the main revenue generating segment in Global Catering Market.

In the following two years, the global market for contract careering is predicted to expand at a 4.02% CAGR. To provide culinary services for staff, employees, guests, and customers, large-scale organizations such as educational institutions, corporations and industries, hospitals, and event planners utilize contract caterers. Contract catering services include the benefits of increased accountability from the caterer, consumer convenience, and legal compliance with food safety and hygiene regulations. Thus, one of the most widely used categories of catering services is contract catering. According to a survey, more than 50% of respondents stated they would buy things that were made specifically for them.

Global Catering Market

To Know More about this report, download a Free Sample Report

2. COVID-19 is one of the most significant threats that the catering industry has ever faced.

The catering industry has been fundamentally threatened by the pandemic caused by COVID-19. The catering companies that survive are the ones that understand how the world will return and plan accordingly. These catering companies started adapting accordingly so they can overcome this challenge, some of these techniques are

Global Catering MarketVisit This link Request for Custom Report

3. The market is expanding as a result of consumers’ rising demand for fresher, healthier foods.

Global Catering MarketCustomers’ growing preference for fresher, healthier foods is boosting the global catering services market. Catering service providers have shifted their focus to providing healthier meals made in-house with fresh ingredients. Specialized catering services are becoming more popular as global multinational corporations rapidly expand in emerging markets. Catering businesses now offer healthy dining options such as organic meals, a balanced vegan diet, and healthy snacks as a result of the worldwide trend of increasing health consciousness.

For more insights on the market intelligence, refer to the link below:-

Global Catering Market

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Tags: Albron Global Market, Ann Sather Global Income, Aria Catering Worldwide Growth Rate, Asia-Pacific Dining Ticket Size, Average Catering Order in World, Average Delivery Time Taken in Hospitality, Black Olive Catering Global Customer Base, Blue Plate Worldwide Revenue, Challenges Food Service Global, Competitors in Hospitality Industry Worldwide, Delaware North Worldwide Market Capture, Elior Group S.A. Global Customer Base, Emerging International Players in Waitressing Sector, Europe Food Serving Market Capture, Funds Raised Startups Food Service Worldwide, Global Catering Market, Global Compass Group PLC Market, Global Contractual Catering Market, Global Feeding Service Sector, Global Hospitality Catering Sector Outlook, Global In-flight Food Service Market Share, Global ISS Facility Services Inc. Income, Global Social Events Catering Revenue, Global Wedding Catering Industry, Healthcare Feeding Service Sector Global, Hutten Catering BV Worldwide Market Share, International Catering Market Trends, International Education Cuisine Service Growth, International Serving Division, Investment Catering Service Global, ISS A/S Revenue Worldwide, Leading Global Food Serving Providers, Leading Players in Worldwide Dining Market, Major Players in Worldwide Cuisine Service Division, Middle East & Africa Hospitality Sales, North America Feeding Service Customer Base, Number of Catering Companies, Number of Cloud Kitchens in World, Number of Daily Plates Served in Global Catering, Number of Employees in Catering Firms, Opportunities Feeding Service Worldwide, Sodexo S.A. Worldwide Market Share, South America Catering Market, Thompson Hospitality International Income, World Non-Contractual Food Service Industry, Worldwide Aramark Corporation Market Capture, Worldwide AVI Food systems Growth Rate, Worldwide Corporate Catering Sector, Worldwide Corporates Dining Revenue, Worldwide Cuisine Service Sector Outlook, Worldwide Food Service Industry, Worldwide Industrial Waitressing Income, Worldwide Top 5 Funded Dining Companies

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