Showing posts with label Australia Catering Services Sector. Show all posts
Showing posts with label Australia Catering Services Sector. Show all posts

Wednesday, July 19, 2023

Australia Catering Services Market Trends, Revenue, Outlook To 2027F: Ken Research

 What is the Size of Australia Catering Service Industry?

Australia Catering Service market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F.

The Australia Catering Service Market is largely driven by changing lifestyle and the increase in adoption of new Technology.

The Australia Catering Service Market is largely driven by adoption of new technology and changing lifestyles. There has been a change in the demand for catering services in recent years, supported by the quickly developing business-to-business (B2B) events sector and food and beverage services being offered at a growing number of corporate events. Furthermore, the market for catering services is growing because of factors including hectic lifestyles and difficulties associated with cooking.

australia catering services market

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Major operators of catering businesses are investing in mobile apps, digital kiosks, tableside ordering systems, and dedicated pick-up areas or drive-thru lanes for mobile orders.  Due to the nation's rising veganism trend, eateries in Australia are reorienting their menus to include healthier choices including plant-based, locally produced and fresh cuisine.

The growing preference among customers for fresher, healthier foods is boosting the Australia catering services market. The catering service operators have shifted their emphasis towards providing healthier meals made in-house using fresh ingredients. The market is expanding because of the increased focus on implementing technology to enhance the customer experience and minimize time spent waiting for food.

Australia Catering Service Market By Type

The Australia Catering Service market is segmented by Type into Contract catering and non-Contract catering. Contract Catering type was the most dominant type in Australia Catering Service market in 2022.

Australia Catering Service Market By Length Of Contract

The Australia Catering Service market is segmented by Length of Contract into Short-Term, 1 year and more than 1 year.

The contract catering services in Australia were mainly dominated by 1 yearlong contract as they accounted for majority of the share of the catering contracts revenue in 2022 as the customers initially look for good quality catering service. Once satisfied with the services, they tend to renew the contracts after 1 year.

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Australia Catering Service Market By End-User

The Australia Catering Service market is segmented by End-User into Industrial, Government, In-Flight, Corporate, Education, Event, Healthcare and Others. The flight and airport sector has accounted for the maximum share of the revenue in 2022. This sector is driven by the rising expectations of all the passengers to have healthy nutritious food and the growing number of flyers.

Competition Scenario in Australia Catering Service MARKET

Australia Catering Service Market is in the growing stage, consisting of many players with just few companies acquitting the major portion of the market. Australia Catering Service market is fragmented with the manifestation of small, medium and large corporations. Some of the major players in the Australia Catering Service market are Sirrom Corporation, Nisbet Australia, Alpha Flight Services, Life’s a party group, Compass Group, Sodexo Australia etc.

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What is the Expected Future Outlook for the Overall Australia Catering Service MARKET?

The Australia Catering Service market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Australia Catering Service market is driven by changing lifestyle and the increase in adoption of Technology. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The Australia Catering Services Market is projected to show significant growth. It is expected to be driven by the demand for healthy food and the convenience of delivering with the development of the hospitality sector. Growing health consciousness such as being vegan and eating green food is affecting an individual’s order pattern which is one of the major driving forces creating demand for catering services in the country.

Moreover, favorable government regulations are also expected to facilitate the catering business in the country. The expansion of foreign tourists in the country increases the in-flight services of the catering business which is further increasing the market.

In addition, hotels and restaurants are developing novel catering services, which are expected to fuel the catering service industry.

The market for catering services is expected to grow because of factors including hectic lifestyles and difficulties associated with cooking at home. Also, hotels and restaurants are coming up with innovative catering services, which are expected to fuel the catering service industry. The market will also expand because of the increased focus on implementing technology to enhance the customer experience and minimize time spent waiting for food. Specialized catering services are increasing in demand as global multinational corporations are quickly expanding in emerging regions of Australia.

For More Insights On Market Intelligence, Refer To The Link Below: – 

Australia Catering Services Market Outlook To 2027F

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Thursday, February 9, 2023

Australia Catering Services Market Is Expected to Grow Owing to High-Quality Catering Facilities and Services in Remote Locations and Technological Advancement: Ken Research

Australia’s Catering Services Market is at a growing stage and has a consolidated market with about the top 4 players accounting for majority of the share in the catering business in the country. The Catering Services Market in Australia has seen the emergence of more players over the past 5 years. Sodexo Australia, Compass Group, and Downer EDI Limited are market leaders in Australia.   

Australia Catering Services Market

Key Findings

  • There is a direct operational presence of all major global catering vendors in the top-tier cities of Australia as well as some large regional and local players in the market.
  • There is a growing emphasis among buyers toward sustainable sourcing and the adoption of technology to improve the customer experience and reduce waiting times for food.
  • Government/Defense Catering holds a significant share of the end-user segment of catering services in Australia. There are very few companies that exist in this sector.

Demand for Healthier Fresh Food among Corporate Buyers: The Australian catering services market is being aided by the increase in demand for healthier fresh food among corporate buyers. The food service operators will be shifting their focus on offering healthier meals prepared from fresh ingredients at the location's kitchen and decreasing their dependence on frozen prepared foods. The growing emphasis on the adoption of technology to improve the customer experience and reduce time wasted waiting for food will be augmenting the market growth in the future. The rapid increase of new catering businesses in the country will trigger a rise in the demand for specialized catering services. In the coming years, the suppliers will be improving their supply capability while adopting performance-based metrics for evaluation and performance monitoring, thus, providing further impetus for industry growth.    

Growing Health Consciousness around the country: Australia’s Catering services have included healthy eating options, such as organic foods, a balanced vegan diet, and healthy snacks due to the trend of growing health consciousness around the country. Locally sourced fresh farm produce will be in high demand for fruits, vegetables, and meat products, further driving the catering services market further. Frozen and processed food is being avoided due to rising quality concerns and issues related to food safety. The increase in the growing penetration of mobile-based payment solutions, such as Apple Pay, Samsung Pay, and Google Android Pay, gives customers the convenience of making payments through online wallets without the need to carry cash while reducing the time taken for payments at the counter, further invigorating the catering services market growth.

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Customized Menus and Dining Experiences: The Australian catering services market is being propelled forward as catering is being used as a talent attraction and retention tool by several corporate offices. An increasing number of companies are showcasing their dining services as an attraction by providing an additional employee benefit, rather than just a meal to attract and retain talent. The companies are offering customized menus and dining experiences to the employees at a subsidized rate, which is becoming a norm to attract and retain the best talent by enhancing employee satisfaction and morale. Such a holistic dining experience also encourages employees to eat together and build a sense of belonging to the company. This, as a result, will give rise to a lot of themed restaurants and fine-dining eateries on campus.   

Analysts at Ken Research in their latest publication Australia Catering Services Market Outlook To 2027F - By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Cateringobserved the potential of the Catering Services Market in Australia. The change in consumer preferences, health-conscious among the population, technological advancement in the catering business, increasing tourism, along with rising demand for ready to eat outdoor food and increased accessibility around the country is expected to contribute to the market growth over the forecast period. The Australia Catering Services Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.    

Key Segments Covered in the report

Australia Catering Service Market

  • By Type:
  • Contract catering
  • Non-Contract catering
  • By Length of Contract:
  • Short-Term
  • 1 year
  • More than 1 year
  • By End Users:
  • Industrial
  • Government
  • In-Flight
  • Corporate
  • Education
  • Event
  • Healthcare
  • Others

Key Target Audience

  • Airline Catering Companies
  • Fine Dining Caterers
  • School Caterers
  • Hotels
  • Industrial Caterers
  • Government Bodies
  • Facility Management Companies
  • Industries
  • Schools
  • Hospitals

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Time Period Captured in the Report:

  • Historical Year: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2022– 2027F

Companies Covered:

  • Sirrom Corporation
  • Nisbet Australia
  • Alpha Flight Services
  • Life’s a party group
  • Compass Group
  • Sodexo Australia
  • Spotless Group Holdings Limited
  • Downer EDI
  • Luckman Catering
  • Fresh Catering
  • Damn Fine Food
  • Gastronomy
  • Yarra Valley Catering
  • Paella Amor

Key Topics Covered in the Report

  • Executive Summary of the Australian Catering Service Market
  • Australian Catering Service Market Introduction and Value Chain Analysis
  • Australian Catering Service Market Size, 2017-2022
  • Australian Catering Service Market Segmentation, 2022
  • Snapshot on Food & Beverage Industry
  • Best Selling MENUSs – End user segment-wise
  • Trends and Developments in Australian Catering Service Market
  • Issues and Challenges in Australian Catering Service Market
  • Porter's Five Forces Analysis for Australian Catering Service Market
  • Regulatory Framework in Australian Catering Service Market
  • Comparative Landscape in the Australian Catering Service Market
  • Australian Catering Service Market Future Outlook and Projections, 2022-2027F
  • Analyst Recommendations

For more information on the research reports, refer to below link:

Australia Catering Services Market Outlook To 2027F: Ken Research

Related Reports:

Kuwait Catering Services Market Outlook to 2027F: Ken Research

Qatar Catering Services Industry Outlook to 2024 (Third Edition) – Analyzing potential of incumbents to host World Cup 2022

Jordan Catering Service Market Outlook to 2022 - By Type of Catering (Event Catering, Government/Defense Catering, Industrial Catering, Airline Catering, School Catering and Hospital Catering)

UAE Catering Services Market Outlook to 2021 - Growing Airline Passengers and Enhancing Digital Technology to Foster Future Growth

Wednesday, February 8, 2023

Australia Catering Services Market is expanding as a result of growing demand from the rise in education, health and defense sectors: Ken Research

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The demand from the mining division in the country and the rise of event culture among the young population, are some of the major factors that are contributing to the increase in the share of the Catering Services Market in Australia

End Users impacting the catering business: Australia’s Catering market has grown significantly from 2017 to 2022. The major end users of Australia’s catering service are hotels, event management companies, and individuals. Some of the key growth drivers are the increase in tourism in the country which impact the airline catering services, change in consumer preference for food, industrial and mining growth, and focus on the education sector by the government.      

Matching the fast-paced lifestyle of the Aussies: The Australian Catering Market is estimated to be worth AUD ~ billion this year. Due to local residents' distinctive cuisine tastes, tourism, and the working population, the Australian Catering business is expanding. Australian customers lead fast-paced lives and frequently go for catering services for big or small family events. They like food that is portable and simple to consume. The growth of several food apps that also offer catering services is another factor propelling the business in the area.  

Australia Catering Services Market

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Catering services going with the trend: The key competitors in the industry are marketing their food service and providing offers and discounts on their catering services to draw customers. The industry is also influenced by cross-cultural dietary trends since there are so many catering companies offering clients Asian, American, Arab, and Mediterranean cuisines. Thai, Indian, Mexican, Italian, and Korean food is the most consumed cuisines in Australia. Catering companies in Australia are making a move toward providing healthier alternatives, including plant-based, locally produced, and fresh cuisine, which is chosen more by in-flight diners, as a result of the nation's rising veganism trend.

Negative impact on the catering services: The COVID-19 epidemic has had a significant negative impact on the catering services sector in Australia, mostly as a result of the cancellation of most significant events and activities owing to government regulations. As more people choose to work from home, the demand from businesses for on-premises catering decreased as a result of the uncertain economic climate. Due to the fact that many caterers exclusively serve airline customers and passengers on flights, travel restrictions also negatively impacted airline sector activities for the two years until 2020-21. These elements have significantly reduced the growth that was made over the previous five years.

Analysts at Ken Research in their latest publication Australia Catering Services Market Outlook To 2027F - By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Cateringobserved the potential of the Catering Services Market in Australia. The change in consumer preferences, health-conscious among the population, technological advancement in the catering business, increasing tourism, along with rising demand for ready to eat outdoor food and increased accessibility around the country is expected to contribute to the market growth over the forecast period. The Australia Catering Services Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.    

Key Segments Covered in the report

Australia Catering Service Market

  • By Type:
  • Contract catering
  • Non-Contract catering
  • By Length of Contract:
  • Short-Term
  • 1 year
  • More than 1 year
  • By End Users:
  • Industrial
  • Government
  • In-Flight
  • Corporate
  • Education
  • Event
  • Healthcare
  • Others

Key Target Audience

  • Airline Catering Companies
  • Fine Dining Caterers
  • School Caterers
  • Hotels
  • Industrial Caterers
  • Government Bodies
  • Facility Management Companies
  • Industries
  • Schools
  • Hospitals

Ask for Free Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2Mjk2

Time Period Captured in the Report:

  • Historical Year: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2022– 2027F

Companies Covered:

  • Sirrom Corporation
  • Nisbet Australia
  • Alpha Flight Services
  • Life’s a party group
  • Compass Group
  • Sodexo Australia
  • Spotless Group Holdings Limited
  • Downer EDI
  • Luckman Catering
  • Fresh Catering
  • Damn Fine Food
  • Gastronomy
  • Yarra Valley Catering
  • Paella Amor

Key Topics Covered in the Report

  • Executive Summary of the Australian Catering Service Market
  • Australian Catering Service Market Introduction and Value Chain Analysis
  • Australian Catering Service Market Size, 2017-2022
  • Australian Catering Service Market Segmentation, 2022
  • Snapshot on Food & Beverage Industry
  • Best Selling MENUSs – End user segment-wise
  • Trends and Developments in Australian Catering Service Market
  • Issues and Challenges in Australian Catering Service Market
  • Porter's Five Forces Analysis for Australian Catering Service Market
  • Regulatory Framework in Australian Catering Service Market
  • Comparative Landscape in the Australian Catering Service Market
  • Australian Catering Service Market Future Outlook and Projections, 2022-2027F
  • Analyst Recommendations

For more information on the research reports, refer to below link:

Australia Catering Services Market Outlook To 2027F: Ken Research

Related Reports:

Kuwait Catering Services Market Outlook to 2027F: Ken Research

Qatar Catering Services Industry Outlook to 2024 (Third Edition) – Analyzing potential of incumbents to host World Cup 2022

Jordan Catering Service Market Outlook to 2022 - By Type of Catering (Event Catering, Government/Defense Catering, Industrial Catering, Airline Catering, School Catering and Hospital Catering)

UAE Catering Services Market Outlook to 2021 - Growing Airline Passengers and Enhancing Digital Technology to Foster Future Growth