According to the business intelligence 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 was valued USD 250.32 billion in 2020 and is anticipated to register an appreciable growth rate over the analysis period 2021-2026.

As per the conclusive views of expert analysts and researchers, rising consumer expenditure, positive economic growth, rapid urbanization, booming middle-class population, and declining unemployment rates are fostering global contract catering to market growth.

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Based on the modes of contract, the industry is divided into self-operated and outsourced. Of these, the outsourced segment holds a coveted position in this business sphere and will likely promise strong returns over the forecast period. This can mainly be ascribed to the strong demand from supermarkets.

Outsourcing catering helps a company to focus on its core competencies while entrusting the nutritional needs of its staff to a specialist. Moreover, growing availability of premium table services, live food counters, exotic ingredients, and aesthetic delicacies among caterers is boosting segmental progress.

Considering the end-user scope, worldwide contract catering market segmentation comprises healthcare & senior, business & industry, education, sports & leisure, and defense, offshore & remote. The business & industry segment is anticipated to garner tremendous returns in the ensuing years, mainly due to the rapid expansion of consumer goods and retail sectors in developing nations.

Moving to the geographical analysis, the research covers North America (United States, Canada), Europe (United Kingdom, France, Germany, Spain), Asia Pacific (Australia, China, Japan, India), and LAMEA. Among these, Asia Pacific is anticipated to emerge as a lucrative avenue for businesses over the analysis period owing to fast-paced urbanization and presence of a large consumer base in emerging economies like India and China.

Speaking of the competitive landscape, Mitie Catering Services Ltd., Caterleisure Group, Camst Group, Baxterstorey Ltd., H & CO Catering Ltd., Amadeus, Elior Group, Aramark Corp., Sodexo Group, and Compass Group plc are the major players impacting global contract catering industry dynamics. These players are focusing on streamlining logistics & supply and expanding their offerings to improve their footing in the marketplace.