Showing posts with label Catering Services Market. Show all posts
Showing posts with label Catering Services Market. Show all posts

Wednesday, September 29, 2021

Global Catering Market Predict to Influence Owing to Augment in Demand from High-Income Households: Ken Research

 The catering services deliver the food for large scale meeting, parties, conferences and several other events. Such services might also enlarge to delivering meals for institutions such as corporate offices, colleges and schools. They either have their own in-house cooking staff or have tapered a third-party source for sourcing the food. In addition, the catering services are often sold on the per-person basis. A catering determination will commonly comprise the staff arrival time, rental arrival time, bar open and close time, rental pick up and meal time.

Catering industry contains companies that function by doing business that delivers food service at numerous locations. There are many kinds of food catering services available. Mobile catering serves food from a truck, cart or any other vehicle considered to serve food. The food is most often attended at outdoor events, the workplace, and demanding downtown locations. Airline catering is a meal or snack that is helped to passengers on a plane. The meals variety from simple beverages in coach to gourmet meals in the first class. Boxed lunch catering is the grounding of lunches in separate containers. They are often helped to businesses throughout working lunches. This kind of catering makes the food in advance and then drops it off at the specific location.

Not only has this, the inflight catering market is projected to observe the impressive levels of growth as carriers consider options to advance the quality of food served on planes, which is a matter of anxiety in today’s inflight catering industry. The adaptability in cultural dining always adds to the well-being and interest of the travelers. For instance, in international flights flying to regions where there is an enormous level of diversification in food habits, such as the Middle East, caterers are designing meals in harmony with their understanding of the tastes of destination flyers. Therefore, the commuters escalate the cuisine of the forthcoming destination, supporting them familiarize themselves with the taste of the fresh culture.


Asia-Pacific is a massive inflight catering market in the terms of culinary habits, and passengers from dissimilar regions differ in their culinary preferences. Though India and China are neighboring regions, the culinary food habits of individuals in these two countries are proficiently different. Food habits of passengers from the north differ from those of the south in the similar country. These variations are probable to support the catering suppliers contribute more in these diversified menu types, thereby leading to the high growth of the region throughout the review period. 

Major requirement for the industry is projected to take a positive turn during the next five years, after recessionary trends and low customer sentiment temporarily stifled revenue. An augment in requirement from high-income households and businesses will bolster growth, with customers spending more money on parties and several other catered operations again and corporate budgets loosened in line with tougher corporate profit. As a result of these trends, the number of businesses within the industry is also projected to augment.

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Catering Services Market

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Ken Research

Ankur Gupta, Head Marketing & Communications

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+91-9015378249

Saturday, September 4, 2021

Growth In Preference to Dine in the Offices Expected to Drive Catering Market: Ken Research

 The Catering industry comprises of businesses such as food, beverages and other services availed by large population, often for their special events. The catering industry ranges from small private events to large events involving the provision of food & drink, tableware, bed linen, service, waiters & staff, and other aspects of the event. Catering is mainly categorized into on-premises catering and off-premises catering. On-premise catering refers to food prepared & served in one place for a group of people. Additionally, the off-premise catering serves food at distant location away from the supplier's food production facility.


Catering service generally provide food for large scale meetings, conferences, parties, and other events. These services can also be extended to the provision of meals for institutions such as schools, universities and corporate offices. They have their own kitchen staff in-house or have hired an outside source to procure the food.

Catering services market is majorly driven by the FDA's strict rules and regulations to monitor or control the quality and standards of the food served, increasing the global food safety and demand for outsourcing catering services to a trusted source. Additionally, rise in demand for ready-to-eat outdoor food & accessibility across the globe is another major driven factor for this market. Apart from this, high cost of maintaining consistency may impact the market. Moreover, rise in demand from schools, offices, cafeterias, colleges, restaurants and increase in number of fast food companies, who are accepting catering & food service in order to enhance their presence are leading opportunities for market. Furthermore, growth in popularity of healthy & hygienic food for the consumers and high adoption owing to better packaging, catering and food service are key trends for global catering market. In addition, hygiene of food items by using a large labor force is a major challenge for the market.

The Catering market is evolving as some corporate offices use catering as a tool to attract and retain talent. Various companies are showcasing their dining services as an attraction by offering an additional employee benefit, rather than just a meal to attract & retain the talent. Companies are also providing customized menus & dining experiences to the employees at a subsidized rate, which is becoming the norm for attracting & retaining top talent through increased satisfaction and sophistication. This holistic dining experience also encourages employees to dine together and develop a sense of belonging to the company. As a result, many themed restaurants and excellent restaurants have emerged on campus.

Due to growing health awareness around the world, Catering services include healthy eating options such as organic food, a balanced vegan diet and healthy snacks. Fresh local produce is in high demand for vegetables, fruits and meat products, which further enhances the Catering market. Processed and frozen foods are avoided due to growing quality and safety concerns. The increasing penetration of mobile-based payment solutions offers customers the convenience of making payments via online wallets without having to carry cash with them, while reducing the time taken for payments at the counter, which further strengthens the growth of the market for catering services.

For More Information, Click on the Link Below:-

Catering Market Research Report

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Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Tuesday, August 10, 2021

Rise in Customer Spending on Parties Expected to Drive Global Catering Market: Ken Research

 Catering business comprises of providing the food related services for a particular event or a location as required by client and event organizers. Catering services are generally sold on the per-person basis. It generally includes bar open/close time, meal-time, staff arrival time, rental arrival time and rental pick up. There are several factors that can affect the price of catering for instance menu choices, labor & service charges and furniture or supply rentals.

Food catering is categorized into many types including mobile catering, boxed lunch catering, airline catering and event catering. Mobile catering generally serves food from the cart, truck or any other vehicle designed to serve food. The food is served at workplace, outdoor events, and busy downtown areas. Boxed lunch catering is preparation of lunches in the individual containers. They are usually served to businesses during working lunches. This form of catering prepares food in advance and then drops it off at a specific location. Airline catering is a meal/snack, which is served to the passengers on a plane. The meals range from the simple beverages in coach to the gourmet meals in first class. Additionally, event catering is a special food service with waiting staff. This type of service is generally used for large events like banquets or weddings.


By type, Catering market can be segregated as contractual and non-contractual catering services. Of these two categories, the contractual catering services segment dominates the global market owing to constantly changing dynamics of the modern workforce coupled with insatiable appetite for different types of cuisines. Additionally, contractual catering services segment is anticipated to exhibit substantial growth rate because of introduction of various offers like limited time menu offerings & promotional offers during the forecast period. In addition, by equipment type, market can be segregated as food preparation equipment, refrigeration & ice machines, primary cooking machine, ware-washing & sanitation, storage & handling and serving equipment.

The Catering market is driven by rise in demand from high-income households & businesses, followed by increase in emphasis on the adoption of technology to improve customer experience, growth in population, rise in demand for healthier fresh food among corporate buyers, increase in need for industry players in the organized sector and rise in customer spending on parties & other catered operations. Apart from this, fluctuations in food commodity prices are major hindering factor for market. Moreover, increase in popularity of online catering is a key trend for global catering market.

Based on regional analysis, the Asia-Pacific region holds major share in global Catering market owing to rise in concern for food safety and growth in young population across the region. The North-America and Europe regions are estimated to witness higher growth rate due to growth in preference to dine in the office coupled with hectic lifestyles over the forecast period. It is predicted that future of the global Catering market will be optimistic caused by increase in health consciousness among consumers and introduction of new food menus during the forecast period.

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Catering Market Research Reports

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Thursday, June 11, 2020

Rise in Food Preferences to Drive Catering Services Market over the Forecast Period: Ken Research

Catering is the business that offers food service at numerous locations such as hotel, park, entertainment site, event venue, pub, aircraft, hospital, cruise ship, and filming site. Catering services largely operated by their own cooks preparing food, or by getting food prepared by outsourced by third party delivery to the client. The catering also refers to services providing the quality food services over various parties, corporate events, and the personal get-togethers. Based on the requirement client’s designs and finalizes upon need of the event, menu to be served during the event. Catering services act as backbone to all events. The catering services are not limited to providing food, ensuring guest welcome, and also ensure guests are catered well and registering their feedbacks.

Majorly there are four types of catering services designed as per key occasions such as wedding catering, corporate catering, concession catering and social event catering. The catering services are also customized for personal catering as well which includes birthday party arrangements, catering for some small yet significant events like house warming and so on. The large scale demand for activities involved in businesses and high-income groups is expected to support and enlarging scope of the catering services industry over upcoming years. Moreover, rise in customer spending in parties and altered operations will further generate profit margin in the forecast period. 

Some of the key players operating in the catering services market are Sodexo, Cushman & Wakefield, WSH, Gate Group, Compass Group PLC, Newrest, ABM Catering Solution, Aramark, Elior Group, DO & CO, and SV Group.

Based on type, catering market can be segmented as contractual catering and non-contractual and based on end-user, market can be segmented into industrial, healthcare, hospitality, in-flight, educational and many others. The online catering is also gaining huge popularity across the globe allowing the consumers to order food from the website. The online platforms have allowed vendors for analyzing customer preferences by using analytics, offering products as per the customer demands. The catering vendors are also partnering with logistics companies to achieve timely delivery of the selected food item, this have led to increase in their operational efficiency.

Increase in health awareness among consumers amid to rise in obesity rise in heart concerns have led to preference for the healthier and wholesome foods served by expert caterers. The poke bowls and superfood are further expected to witness substantial demand for both corporate and celebratory events. Many caterers have started bringing together healthy food items in their menus,

Some of the other key factors driving factors such as innovative marketing activities by vendors, coupled with introduction of new food menus expected to have a significant impact on growth of the catering services market over the forecast period. The Asia Pacific region is the largest catering services market share offering large scale several growth opportunities to all catering services companies over the forecast period. The rise in preference for dining in-office, and followed by hectic lifestyles have led to decline in time spent on cooking is further expected to raise demand may significantly influence the catering services market globally.

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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Monday, August 14, 2017

UAE Catering Services Market Outlook to 2021-Ken Research

Ken Research Latest report On UAE Catering Services Market Outlook to 2021- Growing Airline Passengers and Enhancing Digital Technology to Foster Future Growthprovides a comprehensive analysis of in-flight, industrial, school, hotel, healthcare and corporate catering services market in UAE. The report covers aspects such as the market size of the UAE Catering Services, market segmentation on the basis of type of contract, length of contract and major end users of UAE Catering Services Market. The report also covers the competitive landscape, government regulations, customer preferences, and value chain analysis.  UAE Catering Services Market report covers UAE Company Market Share, UAE Catering Company Revenue,Industrial Catering Industry UAE,UAE Catering Companies,Catering Service Providers in UAE,Catering Business in UAE,Catering Services Market,UAE In-Flight Catering Services Market,Industrial Catering Market UAEIn addition to this, the report also covers company profiles and product portfolio of major players. This report will help industry consultants, catering service providers, retail chains, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.


UAE Catering Services Market
The UAE catering services market has grown from USD ~million in 2011 to USD ~million in 2016 at a CAGR of ~%. Furthermore, contract catering services have taken ~% of the revenue share in 2016. The industrial sector took the major revenue share of ~% in 2016. UAE construction sector has seen growing number of projects in the last five years. The growth in construction activities created demand for catering services for labour camps. The number of schools and hospitals also increased which further augmented the growth of contract catering services. Schools and hospitals together contributed ~% in the revenue share in 2016. The market is further driven by digital technology, innovation and real time supply chain management which has improved the quality of service and increased customer satisfaction.
UAE Catering Services Market Segmentation
By Type: The contract catering market took ~% of the total UAE catering services market while non contractual catering accounted for ~% of the market in 2016. Since, only marriage and personal events are non contractual and all other end users hire catering services on contractual basis which include schools, corporate offices, hospitals, industrial and labor camps the share of contract catering services is higher. The contract catering services growth was supported by rapid expansion of schools, hospitals, large construction camps and major events such as World Expo 2020. The UAE construction sector is a major driver of contract catering which is influenced by the growing population and urbanization creating more demand for housing construction
By Length of Contract: 1 year contracts have accounted for ~% of the revenue share in 2016. This was followed by 0-6 month long contracts which have taken ~% of the share. Other contract catering services have accounted for ~% in the revenue share in 2016. These include catering contracts which are hired to serve exhibitions or personal events for short period of time. 1 year contract have taken the largest share as schools, hospitals prefer such contracts which are the major end users of catering services. 0-6 month long contracts are preferred by industrial workers and labor camps as it depends on the duration of construction activity
By End Users: The flight and airport sector have accounted for the revenue share of ~%. This sector is driven by the rising expectations of all the passengers to have healthy nutritious food and growing number of flyers. The industrial/construction/labor camps/prisons has taken up the second largest market share of ~% in 2016. This can be attributed to the fact that UAE has been experiencing huge growth in the construction activity which has increased the demand for contract catering services of labor camps.
Schools have taken up ~% of market share in 2016. In 2016, the total number of private schools in the UAE had enhanced to ~ with most of them located in the emirates of Abu Dhabi and Dubai.
Hotel industry has taken up ~% of the revenue share in 2016 for UAE catering services. This segment also includes UAE marriages held in hotels and private halls. The number of hotels and hotel apartments increased to ~ in Dubai in 2016 from ~ in 2015. The number of hotels in Abu Dhabi amounted to ~ in 2016. This augmented the market for fine dining and buffet services in hotels.
Competition Scenario in UAE Catering Services Market
UAE has around ~ industrial catering companies with 5 major companies namely Emirates Catering Services, Abela andCo., Royal Catering, ADNH Compass and Intercat accounting for ~% of the market. It is estimated that over ~ million meals are prepared and served on a daily basis which cover a wide spectrum of industries. Emirates Flight Catering is the world leader in the aviation catering industry, with ~ meals served per day. National Catering Services & Foodstuff has been the longest established local hospitality and Catering companies in the Emirates and Middle East. They serve over ~ meals per day. National Catering is one of the leading Catering and related support services Companies in the Arabian Gulf region. Royal Catering is one of the region's leading catering and hospitality service providers. They serve up to ~ meals per day. Southern Food & Catering Services LLC (SFCS) was established in Abu Dhabi in the year 1989. They are majorly based around Abu Dhabi, Western Region Ras Al Khaima. They serve more than ~ meals per day.
Future Outlook for UAE Catering Services Market
The UAE catering services market revenue is expected to grow from USD ~ million in 2016 to USD ~ million in 2021 at a CAGR of ~%. The UAE Aviation industry is expected to reach USD ~ billion by 2020 which will be driven by lowering tickets prices and growing number of passenger. This period will see major investment in infrastructure projects as UAE gets ready to host the World Expo 2020 facilitating the demand for catering services. As the catering sector grows, it will also see a rise in competition as more players compete to gain competitive advantage with new innovation and technology.
Key Topics Covered in the Report:
  • UAE Catering Services Market Overview
  • Value Chain
  • UAE Catering Services Market Size by Value, 2011-2016
  • UAE Catering Services Market Segmentation on the basis of Type of contracts, Length of Contracts and Major End Users
  • SWOT Analysis for UAE Catering Services Market
  • Trends, Developments, Growth Drivers, Restraints and Government Regulation in UAE Catering Services
  • Decision Making Parameters for Vendor Selection in UAE Catering Services Market
  • List of Players with Overview in UAE Catering Services Market
  • Company Profile of Major Players in UAE Catering Services Market
  • Trends, Developments, Growth Drivers, Restraints and Government Regulation in UAE Catering Services Market.
  • UAE Catering Services Market Future outlook and Projections
  • Analyst Recommendation
To know more research report, click on the link below
https://www.kenresearch.com/food-beverage-and-tobacco/food-services/uae-catering-services-market/129798-11.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Increasing Number of Religious Tourists and Development in the Education and Healthcare Infrastructure to Foster Future Growth of Saudi Arabia Catering Services Market: Ken Research

The implementation of National Transformation Program and Saudi Arabia Vision 2030, growing construction sector and increasing number of schools, hospitals, corporate offices and hotels have aided the demand for catering services in Saudi Arabia. 
The report titled “Saudi Arabia Catering Services Market Outlook to 2021- Increasing Number of Religious Tourists and Growth in the Education and Healthcare Sector to Drive Future” by Ken Research suggested a robust CAGR of 7.5% in revenue of the Saudi Arabia Catering Services market by 2021 with changing customer preferences and infrastructure investment driving the revenues of this market in the future.
The Saudi Arabia Catering Services Market has seen major share of demand from the hospitality sector as Saudi Arabia saw an increase in number of religious tourists and investment in developing the tourism infrastructure. The industrial and construction sector catering services demand increased as government took several initiative to revive the economy from the affect of falling oil prices on different parts of the market. The construction activities are expected to rise due to growing infrastructure investment. Saudi Arabian Railway Master Plan (2010-2040) will further augment industrial catering services market for labour camps. Moreover, programs such as Kafalah Loan Guarantee Program and National Industry strategy G2020 will increase construction activity. Recent times have seen a shift towards healthy foods and natural ingredients as lifestyle-related diseases, such as diabetes, cancer and blood pressure problems have increased. People are becoming sensitive regarding lifestyles and hygiene standards. This change is expected to re-shape the catering services in channels such as education, health care, business services, labour camps and hospitality.
The Saudi Arabia education sector is expected to grow exponentially on the back of a rising population, increasing private sector participation and growing demand for skilled workforce. This segment is mainly served by the domestic catering companies. They primarily look for good quality food at competitive prices. Rising number of tourists in the country has also increased the airline catering industry as the number of passengers increased by 2.6% in 2016 as compared to 2015. Moreover, Saudi Arabia has a huge number of expatriates dominating the construction sector. This segment creates significant demand for catering services. Growing number of divorces has aided the growth of catering services as people remarry. The number of marriages in Saudi Arabia has increased by 18.0% in 2016.
The catering industry also saw increasing use of technology and modern methods of production which include online ordering apps, vehicle tracking systems and inventory management platform. This helped in increasing the efficiency of various processes involved in the catering business. The popularity of fusion-food on the menu has grown in Saudi Arabia supported by growing multi-cultural society due to the presence of a large number of expatriates in the country. Catering services offered a blend of traditional and modern cuisine on their menus
Key Topics Covered in the Report:
Saudi Arabia Catering Companies
Catering Service Providers in Saudi Arabia
Catering Business in KSA
Saudi Airline Catering Market Share
Saudi Arabia Catering Services Market
Saudi Arabia In-Flight Catering Services Market
Saudi Airlines Catering Company Revenue
Saudi Arabia Corporate Wedding Catering Market
Meals Delivered by Catering Companies KSA
Industrial Catering Industry Saudi Arabia
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Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204