Catering Services Market Size, Share, Trends, Forecast and Analysis of Key players 2033

Market Overview

The global catering services market was valued at USD 154.71 Billion in 2024 and is projected to reach USD 229.92 Billion by 2033, growing at a CAGR of 4.28% from 2025 to 2033. The market growth is driven by increasing demand for corporate events, social gatherings, and a rising trend of outsourcing food services worldwide. North America dominates with a market share over 35% in 2024. 

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Catering Services Market Key Takeaways

• Current Market Size: USD 154.71 Billion in 2024
• CAGR: 4.28% (2025-2033)
• Forecast Period: 2025-2033
• North America dominates with over 35% market share in 2024.
• The global outsourcing of food services is driving growth.
• Growth is driven by the increasing number of social events and the growing demand for custom cuisine.
• Companies outsource corporate event catering to improve the client experience.
• Technology, including online booking, makes travel more available.

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Market Growth Factors

Catering services are sought for corporate events and formal meetings as businesses and organizations want to invest in such services to increase the standard of their events, client experience, and employee engagement. The growth of business conferences, product launches and other associated networking opportunities has also been eased by the outsourcing of non-core activities (such as catering), which allows firms to concentrate on their primary activities with accompanying benefits including tailored menus, flexibility in delivery schedules and improved service.

The market is driven by the increasing number of parties, business meetings, and social gatherings. Hosts prefer that caterers serve food with an offer of an experience the attendees would not normally have at home. As the global market for events grows more complex, the demand for customized menus and premium-level service is increasing.

Consumer demand for a wider variety of cuisines allows for international cuisines, fusion cuisines, and specialty menus to thrive within vegan or gluten-free options. Social media, food bloggers, and influencers have created a market for exotic foods by introducing exotic foods to consumers online. SATS Ltd.'s planned collaboration with Mitsui & Co., Ltd. to diversify food supply chains and create new food service products is helping to drive market growth.

Market Segmentation

By Service Type:

• Contractual Catering Service
• Non-contractual Catering Service

Contractual Catering Service: This segment leads with a 67.8% share due to long-term agreements with businesses and institutions. It offers consistent, cost-effective, and customized meal services to sectors like corporate offices, healthcare, education, and industrial units, providing reliable and scalable solutions.

Non-contractual Catering Service: Not explicitly detailed but includes catering services without long-term contracts, addressing more flexible or event-based requirements.

By End User:

• Industrial
• Hospitality
• Educational
• Healthcare
• In-flight
• Others

Industrial: Provides meals to factory and construction employees, emphasizing bulk delivery and cost-efficiency to enhance satisfaction and productivity.

Hospitality: Enhances guest experiences during conferences and events. Hotels and resorts collaborate to offer premium, diverse, and gourmet catering services.

Educational: Focuses on healthy, balanced meals adhering to dietary standards for schools, colleges, and universities. Customization accommodates allergies and preferences.

Healthcare: Caters to specialized dietary needs such as low-sodium and diabetic meals, ensuring hygienic and nutrient-rich food for patients and staff.

In-flight: Offers pre-packaged meals tailored to passenger preferences, including vegan, halal, and kosher options. Growth driven by rising air travel and premium services.

Others: Covers weddings, sports functions, and private gatherings with customization, seasonal themes, and diverse menu options. Trends include destination weddings and pop-up events.

Regional Insights

North America had the highest share of the event services market with over 35% of revenue in 2024. Its well-established event services sector and the high per capita expenditure on food services contributed to the large share. Outsourced catering is preferred for corporate, wedding, and private events. An increasing interest in organic, vegan, and locally sourced foods exists. Technology can add to consumer convenience for example by allowing online ordering. A multicultural population offers diverse cuisines.

Recent Developments & News

• CH&CO sold off its UK and Ireland contract caterer and hospitality business to Compass Group PLC for GBP 475 million (USD 600 million) in January 2024.
• May 2023: Aramark made a partnership with Bean Sprouts, a nationwide cafe chain that focuses its creativity and its focus for children's health.
• Olo announced a partnership with DeliverThat in April 2023 to connect restaurant orders with third-party delivery service providers. Olo hopes to improve last-mile delivery efficiencies.

Key Players

• Aramark
• AVI Foodsystems Inc
• Bartlett Mitchell Ltd
• Compass Group plc
• Dine Contract Catering
• DO & CO Aktiengesellschaft
• Elior Group
• Emirates Flight Catering
• Entier Limited
• ISS A/S
• Newrest Group Services SAS
• Sodexo S.A.

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