Global Contract Catering Analysis Report 2024: Market to Reach US$353.75 billion by 2029, Driven by Rapid Digitalization and Rising Consumer Emphasis on Health and Well-being [Yahoo! Finan...
COMPASS GROUP SP/ADR (CMPGY)
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Source: Yahoo! Finance
with Impact of COVID-19 and Forecast up to 2029" report has been added to ResearchAndMarkets.com's offering. The global contract catering market value stood at US$260.68 billion in 2023, and is expected to reach US$353.75 billion by 2029. The market is expected to grow at a CAGR of 5.22% over the projected period of 2024-2029. The global contract catering market is moderately consolidated. Major companies in the market have been implementing various strategies to expand their product portfolio and gain competitive edge, including offering diverse and customizable menus to cater to diverse consumer preferences, leveraging technological advancements to streamline service delivery & enhance customer experience, and demonstrating a commitment to sustainability and responsible sourcing to resonate with environmentally conscious clients. Global contract catering market demonstrated a consistent growth, primarily driven by increasing demand for nutritional and hygienic food among geria
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