According to the research report titled ‘Global Contract Catering Market (2021 Edition) - Analysis By Modes of Contract (Self-Operated, Outsourced), End User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global contract catering market which generated revenues worth USD 250.32 billion in the year 2020 and is anticipated to expand substantially over the forecast period 2021-2026.

Increased consumer expenditure, rising urbanization, mounting middle-class population, and decreasing unemployment rates are some of the major factors driving the growth of the global contract catering market.

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The overall market is fragmented in terms of end user spectrum, modes of contract, and regional contribution.

Speaking of modes of contract, the market is bifurcated into outsourced and self-operated segments. Out of these, the outsourced segment is anticipated to capture majority market share through 2026, since it allows companies to focus on their core business while entrusting the nutritional requirements of staff to a catering specialist.

Based on the end-user spectrum, the market is categorized into business & industry, education, healthcare & senior, sports & leisure, offshore & remote, and defense. Among these, the business & industry segment is estimated to grow exponentially over the review period, owing to India and China displaying vigorous growth in both consumer goods and retail sector.

Regionally, Asia Pacific contract catering market size is expected to grow considerably over the forecast timeline, on account of growing consumer expenditure and rapid urbanization. Countries such as India, China, Japan, etc., have large consumer base, thus making them a lucrative market for catering solutions.

The key players in the global contract catering industry include Compass Group plc, Aramark Corporation, Amadeus, Baxterstorey Limited, Carterleisure Group, Sodexo, Elior Group, CH&Co Catering Group, Camst Group, and MITIE Catering Service.