As cited by 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 Market Study Report, global contract catering market was worth USD 250.32 billion in 2020 and is projected to expand significantly over 2021-2026.
 

Increased consumer spending in accordance with overall economic growth are majorly driving the global contract catering market growth. Additionally, rapid urbanization, rising middle class population, and decreasing unemployment rates are augmenting the market outlook.
 

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Large consumer base in emerging nations like India and China is positively swaying the market dynamics. Focus among various caterers on providing premium table services, live food counters, exotic ingredients, and aesthetic delicacies in a profound manner is enhancing the market scenario.
 

Considering modes of contract, the worldwide contract catering industry is segmented into self-operated and outsourced. As cited in the report, outsourced segment is anticipated to expand lucratively over the analysis period, as it lets a specific company focus more on their core business while giving the required nutritional requirements of staff to a specialist.
 

Speaking of end user spectrum, business & industry, education, healthcare & senior, sports & leisure, offshore & remote, and defense. Among these, business & industry segment is likely to witness momentous growth over the forecast timeline owing to expansion of consumer goods & retail sector in the fast-growing economies like India and China.
 

The geographical analysis of this industry extends to North America, Middle East & Africa, Asia Pacific, Europe, and Latin America. Expert analysts speculate that Asia Pacific market is reckoned to grow enormously over 2021-2026, owing to increasing consumer spending as well as rapid urbanization in emerging nations.
 

Prominent players influencing the worldwide contract catering industry trends are MITIE Catering Services Ltd., Caterleisure Ltd., Camst Group, BaxterStorey Limited, CH&Co Catering Group Limited, Amadeus IT Group S.A., Elior Group SA, Aramark Corporation, Sodexo Group and Compass Group.