IBISWorld's statistic shows that as of 2021 the market size of the Caterers industry is $11.6bn an increase of 2.05% from 2020. Catering revenues in the United States are on the rise, rebounding from a difficult year in 2009. Download our State of the Restaurant Industry Report for 2020 menu, sales, and holiday trends, plus stories from restaurant owners who managed to grow sales despite the pandemic. In-flight Catering Market 2021 Covid 19 Global Impact on Top countries data Industry Growth Analysis, Segmentation, Size, Share, Trend, Future Demand and Leading Players Updates by Forecast November 18, 2019 . For instance, the vegan lifestyle requires an individual to avoid meat and any animal-based food. The global contract catering market grew at a CAGR of around 7% during 2014-2019. To examine and study the Catering-Equipment Market size (volume & value) from the company, essential regions/countries, products, and application, background information from 2013 to 2018, and also prediction to 2029. P.S. Catering Industry Market Size Current and Future Industry Trends, 2020-2025 Market Study Report Date: 2020-11-27 Business Product ID: 2727874 The recent study in the Catering Industry market offers a comprehensive study of this business sphere, in accordance to the key growth stimulants, opportunities, and constraints shaping the market dynamics. Meal Delivery Industry Trends and Struggles Catering to unique diets will remain a challenge to this industry. From the catering services market reports by Beroe, the demand in the food service industry is mostly driven by large corporate spending. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion). Industry market research reports, statistics, analysis, data, trends and forecasts. Global Catering Services Market Size, Share, Trends, Industry Growth & Catering Services Market Forecast 2026, By Type, By End User, By Region, Competition & Opportunities, Fractionalized Consumer Market. As a result, special ingredients are often needed to … CONTRACT CATERING MARKET SIZE IS EXPECTED TO REACH VALUES OF AROUND USD 264 BILLION BY 2023, GROWING AT A CAGR OF APPROXIMATELY 5% DURING THE FORECAST PERIOD. Editor’s note: Since this popular story about hospitality industry trends was written in July, 2015, Smart Meetings has updated it over the years so you can follow the trends through the ages. To analyze Catering-Equipment Market concerning growth trends, prospects, and also their participation in the entire sector. Trends in the Catering Industry for 2020 . Foodservice Catering Trends in U.S. The business-catering market segment is still evolving in the industry, and few brands have a large enough national footprint to dominate market share. Everyone likes to keep up with the trends and when those trends affect your work it’s more important than ever. Europe Catering Reports: Our 2021 Europe report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Catering market. What are the current catering services market trends? Catering to Lifestyle Choices. For a look at the trends affecting the industry right now, check out our free event trend report. Orion Market Reports new comprehensive study on Catering and Food Service Contractor Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027 Market offers in-depth analysis on industry growth, market leaders, competitive analysis and market … Staying informed on foodservice industry trends is essential for identifying the wants and needs of your customers, as well as shifting dynamics in the foodservice industry. Contract Catering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 Also, In-Flight Catering Services Market is predicted to grow at a CAGR of Growing rate during the forecast period. Keeping pace with market trends is never easy – day-to-day you’ve got a business to run, after all. We know this is a market with challenges retaining customers and competition from low-margin grocery stores making the overall industry even less appealing. Scope of the Report. The 10 trends that have reshaped (and are still reshaping) the industry despite Covid-19 #1 - Staycations. Some of the trends for 2020 will significantly affect your business, so you should get to know what the future holds now. With three quarters of the British population now eating out every month, food and diet trends are bound to have a huge impact on the catering industry so we need to be aware of the impact of these trends on the way we work and changes we may need to make to stay ahead of the game. page 1 In this post, we’re focusing on future hospitality trends for the next five years. 0. What is the market size of the Caterers industry in the US? The Inflight Catering market is poised to register a CAGR of over 5.6%, during 2020-2025. The report provides an unbiased and detailed analysis of the on-going Saudi Arabia catering services market trends, opportunities high growth areas and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics. Discover 7 must-know event trends for 2021: Industry performance trends: 1. Press Release Global Inflight Catering Service Industry Analysis 2021 Market Growth, Trends, Opportunities And Forecast To 2027 Published: Jan. 7, 2021 at 6:13 a.m. Contract catering market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The state of the restaurant industry is ever-evolving, but nothing could have prepared restaurant owners and operators for 2020. Catering Food, Catering Trends. Appealing and catering to individual lifestyle choices is another growing trend within the meal kit industry. These blast chillers can store vast quantities of food products. North America is a relatively saturated market, but the APAC region has significant room for growth, especially in the Indian and Japanese markets. The industry trends can be attributed to strong spending power among consumers and growth of the infrastructure sector. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. 5 hospitality industry trend “booming global tourism”, travel restrictions in 2020 have facilitated the rise of the staycation. Looking forward, IMARC Group expects the market to continue its strong growth during the next five years. EHL Insights presents to you current trends in the hospitality industry. In stark contrast to last year’s no. Contract Catering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 Look for these 4 hospitality trends in the next 5 years: 1. According to the latest report by IMARC Group, titled “Vietnam Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the Vietnam online food delivery market grew at a CAGR of 38% during 2014-2019. ET Estimates from Packaged Foods portray an industry in - Market research report and industry analysis - 2848313 Live events may resume after Q2. Top contract catering companies include Compass Group, Elior Group, Aramark, Sodexo, Baxterstorey, MITIE Catering Services, and Ch&Co Catering. Millennials have spoken: sustainability is the future for hotels Besides, it envelops various suggestions and recommendations to effectively handle the current and upcoming challenges in this industry vertical. However, it’s important to acknowledge that industry is ever-changing and in order to stay ahead of the curve and avoid competitors passing you by you need to be able to move with the times for the benefit of long-term business planning. With that being the case, we put together a list of 2021 event trends that you need to know, organized by category: Industry performance trends, attendee experience, meeting destination trends, and meeting design trends. The global catering services market has been witnessing a growing number of mergers and acquisitions, for example, between 2015 and 2016, the hospitality and catering industry in … The market size of the catering sector in the United States reached 11.35 billion U.S. dollars in 2020, reflecting a decline over the previous year's size of 12.97 billion U.S dollars. The Hotel Show, which stages business to business events for the hospitality industry, has identified what it believes to be the Top 10 trends impacting the hospitality industry in 2015. In 2020, businesses around the world confronted the COVID-19 pandemic, forcing them to adjust to a new business environment and adhere to social distancing guidelines. Naturally, your restaurant would like a slice of this business opportunity. The market studied is segmented by type and structure. The good news is that the pie—$22 billion—is a fractionalized consumer market. The report also offers the latest trends, size, share, and industry overview. Global “In-Flight Catering Services Market”Report 2021 studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter's Five Forces Analysis. Catering Industry Trends Based on type, the market studied is segmented into foodservice outlets and catering or institutional food sector, wherein foodservice outlets are sub-segmented into full-service restaurant, fast food restaurant (QSR), café/bars, 100% home delivery/takeaway, self-service cafeterias, and street stalls/kiosks. Catering companies need to keep up with the times when it comes to trends in the industry. The In Flight Catering market report encompasses all crucial aspects such as the key trends and opportunities that will govern the industry dynamics over the forecast period.