Globally, the contact catering market is driven by surging outsourcing services where organizations are focusing on their core activities and outsourcing their non- core activities

Date: 21 April 2016

Globally, the contact catering market is driven by surging outsourcing services where organizations are focusing on their core activities and outsourcing their non- core activities. Moreover the increasing awareness towards the balanced nutritional diet during working hours accompanied with the accelerated demand of personalized food for employees and patients as well as improving the quality of life of employees working in remote sites has driven the market in the sectors like business & education with opportunities of tapping the hospitals and senior care market. 

According to the recently published Azoth Analytics report “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)”, global contract catering market is expected to grew at a CAGR of approximately 4.02% during the period 2016F-2021 on account of the increasing number of business activities, rise in gross national income, increasing take away formats and rise in number of senior care homes coupled with varying VAT rates in the European region. Moreover the emerging markets have shown remarkable growth in the recent years.

In terms of segmentation, market is categorized on basis of end-use sectors, e.g. Business & Industry, Education, Hospitals, Senior Care, Defence & Offshore and Sports & Leisure.  In terms of region, North America has become a saturated market with maximum market share in United States, while APAC region holds potential growth opportunities accompanied with huge growth potential in the Indian and Japanese market. 

With the industry witnessing significant growth rate, it is anticipated that the Contract catering market will exhibit higher growth in the forecast period as well. Gradual upsurge in the investments by the government in healthcare services and education sector accompanied with the rising demand of senior care homes among the aging population will drive higher growth rates in the future.

The report 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)” has analysed the potential of Global Contract Catering  market and provides statistics and information on market size, shares and trends. The report intends to provide cutting-edge market intelligence. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global contract catering market.
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