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.
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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 Catering” observed 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
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Kuwait Catering Services Market Outlook to 2027F: Ken Research
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