USD 40 Billion growth expected in Catering Market| With an Accelerating CAGR of 4% amid COVID-19 Spread| SpendEdge

NEW YORK, May 24, 2021 /PRNewswire/ --

The Global Catering has been added to SpendEdge's offering. The Catering market is expected to grow by USD 40 billion, at a CAGR of over 4% by 2024.

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End-user sectors such as the hospitality and the healthcare industries in some regions will create opportunities for catering service providers mainly because of the lower penetration of organized catering services. This will contribute to spend growth in the global catering industry.

The report also offers information on the upcoming trends and challenges that will influence market growth.
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Catering Market in India: Key Price Trends

• Labor costs are expected to increase year-over-year globally during the forecast period, ultimately impacting the costs of services in the catering industry.
• However, the competitive nature within the catering industry will compel suppliers to bear some of their production costs even at the expense of their profit margin. This will help stabilize the price hike.

Insights Offered in this Catering Market Report

• Supplier relationship management practices in the catering industry
• Supplier margins and selection criteria in the catering industry
• Top catering service providers and their cost structures
• Top catering service providers in the US and their cost structures
• Catering industry spend analysis in the US

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Some of the top Catering suppliers listed in this report:

This Catering procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

• ISS AS  
• US Foods Inc.   
• Sodexo Group 
• Compass Group Plc        
• Aramark             
• Performance Food Group Co.   

 Regional Analysis 

•  Further breakdown of the market segmentation at requested regions. 

 Market Player Information 

• Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
• Know the strategies adopted by vendors during the COVID-19 Recovery Phase.

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Related Reports on Facility Management Market:

To access the definite purchasing guide on the Catering that answers all your key questions on price trends and analysis:

• Am I paying/getting the right prices? Is my Catering TCO (total cost of ownership) favorable?
• How is the price forecast expected to change? What is driving the current and future price changes?
• Which pricing models offer the most rewarding opportunities?

Table of Content

• Executive Summary
• Market Insights
• Category Pricing Insights
• Cost-saving Opportunities
• Best Practices
• Category Ecosystem
• Category Management Strategy
• Category Management Enablers
• Suppliers Selection
• Suppliers under Coverage
• US Market Insights
• Category scope
• Appendix

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.
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SpendEdge
Anirban Choudhury
Marketing Manager
Ph No: +1 (872) 206-9340
https://www.spendedge.com/contact-us

Report: www.spendedge.com/report/catering-services-market-procurement-research-report

SOURCE SpendEdge