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Organic Meals for the Increasing Number of Health Conscious Consumers.


Catering services and food contractors are increasingly sourcing local and organic raw materials and ingredients to produce meals. Many individuals in the 18-35 age group prefer organic meals as they are becoming conscious about their eating habits and lifestyles. For instance, more than 1.5 million meals are delivered daily under Food for Life brand that is famous for its organically balanced meals[i]. Establishments in the industry are increasingly seeking to differentiate themselves by upgrading their ingredients and experimenting with healthier meals.

The catering services and food contractors industry offers food services per single event or on a contractual basis. Such establishments include banquet halls with catering services, caterers, airline food service caterers, canteen catering services and contractual caterers. This industry does not include food vending machines and mobile food services (food trucks) and renting of non-residential buildings without food catering services.

The catering services and food contractors market can be classified into the following

Caterers – Caterers provide food services on the basis of single events such as weddings, business meetings, parties and trade exhibitions.

Food Service Contractors – Food service contractors include establishments that provide food catering services for industrial, commercial or governmental organizations. Such establishments work on a contractual basis for a specified period of time to provide food and beverages for institutions such as schools, colleges, transportation service providers, offices and factories.

According to The Business Research Company’s Hospitality Consultant, Ramesh Yelugoila, Growth in the airline industry is expected to drive the catering services market in the forecast period. An increase in passenger numbers is expected to increase the business opportunities of companies operating in the catering services market. According to the International Air Transport Association (IATA), passenger numbers are expected to reach 7 billion by 2034 with a 3.8% average annual growth in demand. China and India are the fastest growing markets, with annual growth rates of 12.5% and 16.5% respectively[ii]. This growth in air travel is likely to drive the catering services and food contractors market in the forecast period.

Compass Group PLC was the largest company in the catering services and food service contractors market with revenues of $22.51 billion for the financial year 2015. Compass Group PLC’s strategy is to focus on organic growth and its operating efficiency. The company further has plans to increase its B2B brand portfolio by partnering with more industries, healthcare and educational institutions. The company’s partnership with Thompson Hospitality Corporation in USA is part of its expansion strategy. The company introduced Chartwells’ interactive websites and apps to serve students in educational institutions.

The Business Research Company expects the global catering services and food contractors market to grow to $471 billion in 2020. Asia was the largest region in the catering services and food contractors market in 2016, accounting for about a half of the market share. This was mainly due a to large number of businesses in countries like India, Japan and China availing food catering services for their employees, and other events.

The chart below shows the year-on-year growth of the global catering services and food contractors market during 2016 - 2020.

Global Catering Services and Food Contractors Market Briefing is a detailed report giving a unique insight into this market. The report is priced at $750 for an individual user. To use across your office the price is $1500 and $2000 if you wish to use across a multinational company.

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[i] http://www.hortweek.com/positive-forecast-organic-sector-outlined-soil-association-open-day/edibles/article/1410295

[ii] http://www.iata.org/pressroom/pr/Pages/2015-11-26-01.aspx

[iii] http://www.mynewsdesk.com/uk/pressreleases/in-flight-catering-services-market-to-be-worth-16-5-billion-by-2018-866987


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