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Contract Catering Market in US - Industry Outlook and Forecast 2018-2023

Contract Catering Market in US - Industry Outlook and Forecast 2018-2023

The US contract catering market is estimated to reach values of approximately $63 billion by 2023, growing at a CAGR of more than 4% during 2017-2023.
The focus on innovation and new approaches will help contract caterers attract a large number of consumers in the US market. Companies are offering a complete dining experience with fresh, customized meals in the morning and afternoon to meet dynamic consumer requirements in the market. The US contract catering market is driven by the demand for round-the-clock access to high-quality food on a work day. The emergence of sophisticated palates and desire for variety is fueling the need to offer multiple dining options in the US market. The market research report provides in-depth market analysis and segmental analysis of the US contract catering market by industry, contract type, delivery, and facility.
The report considers the present scenario of the US contract catering market and its market dynamics for the period 2018−2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and several other prominent companies operating in the market.

Contract Catering Market in US – Dynamics

The recent trend to bring down costs, reduce headcount, and improve efficiency is driving the need for outsourcing in the contract catering market in US. The emergence of a new age outsourcing facilities that help to enhance the quality of catering to the needs and demands of their staff via expert knowledge is expected to transform the market. From outdoor grills to destination dining spaces to special food-related events, a host of renditions of foodservice deliveries that provide “eatertainment” as opposed to just a snack bar or food kiosk are becoming part of the appeal of the services offered by these companies. The vendors are creating a unique gastronomical experience to enhance the customer satisfaction levels in the contract catering market in US. The leading companies are implementing 4G, RFID, mobile apps, and smartphones through digital technology and changing the way food are presented and delivered in the contract catering market in US. The leading companies are leveraging technology to provide more information, customized orders, and shorter waiting times in the US market.

Contract Catering Market in US – Segmentation

This market research report includes a detailed segmentation of the market by industry, contract type, delivery, and facility. The sports and leisure segment dominated less than 1/3rd of the market share in 2017, growing at a CAGR of more than 4% during the forecast period.Sports stadiums and venues are the largest revenue generators in this segment in the US market. The incorporation of seasonal and local food, sourcing more fair trade, organic, and sustainable vegetarian meals in the healthcare sector will transform the market.
On and off-premise segment dominated close to half of the market share in 2017, growing at a CAGR of around 4% during the forecast period. The growing need to reduce overhead costs and increase flexibility is driving the popularity of on and off-premise facilities in the US market. The fixed-price segment occupied majority of the market share in 2017, growing at a CAGR of around 4% during the forecast period. Single service segment occupied the second largest market share in 2017, growing at a CAGR of more than 3% during the forecast period. The growing demand for personalized flexibility and expertise services contributes to the growing revenues in this segment in the US market.

Market Segmentation by Industry
B&I
Education
Healthcare
Sports & Leisure
Senior Care
Others

Market Segmentation by Contract Type
Fixed Price
Cost-Plus
Other

Market Segmentation by Delivery
IFM
Single Service

Market Segmentation by Facility
On-Premise
On and Off-Premise

Key Vendor Analysis

The US contract catering market is moderately consolidated, and the top five players control the majority of the competition level. The top vendors are expanding into international regions to create strong brand images for their services in the market. Foodservice operators claim 95% renewal in practice, indicating that the three-fourths of contracts that are due for renewal either get renewed or are not tendered. The companies are offering value-added services and a wide range of options to sustain the intense competition in the US market. The players are offering self-delivery capabilities to gain a competitive edge in the US market.

The major vendors in the US market are:
Compass Group
Sodexo
Aramark Services
Delaware North
Elior Group

Other prominent vendors include American Dining Creations, Atalian Servest, CIR Food, Continental, Gourmet Services, Guest Services, ISS World Services, Nexdine, Parkhurst Dining Solutions, Quest Food Management Services, Taher, Thompson Hospitality, The Nutrition Group, and Whitsons Culinary Group.

Key market insights include
1. The analysis of US contract catering market provides market size and growth rate for the forecast period 2018-2023.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the US contract catering market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the US contract catering market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.


1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Contract Type
4.3.2 Market Segmentation by Industry
4.3.3 Market Segmentation by Delivery
4.3.4 Market Segmentation by Facility
5 Report Assumptions and Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 State of the US Economy
7.3 State of the US Healthcare
8 Overview of FM Industry
8.1 Market Drivers in FM Industry
8.1.1 Regulatory and economic developments
8.1.2 Increasing involvement of enterprises in national and international contract procurement
8.1.3 Value-added services gain prominence
8.2 Trends affecting the FM Industry
8.2.1 Multi-generational workplace
8.2.2 Evolution of new workspaces and styles
8.2.3 Smart buildings and AI
8.2.4 Harnessing strategic insights to fuel decision-making
8.2.5 Robots and AI as a future workforce supplement
8.3 Foodservice Industry Outlook
8.3.1 Catering Service Types
8.3.2 Strategies for staying competitive
8.4 The Customer Paradigm
8.4.1 Generation Z
8.4.2 Millennials
8.4.3 Baby Boomers
8.5 On the Menu
9 Market Dynamics
9.1 Market Growth Enablers
9.1.1 Growing popularity of FoodXWellbeing movement
9.1.2 Ongoing productivity and retention puzzle
9.1.3 Emergence of a new age of outsourcing facilities
9.1.4 Rise of “Eatertainment”
9.1.5 YOY Impact of Market Growth Enablers
9.2 Market Growth Restraints
9.2.1 Preference for street food and grab ‘n’ go outlets
9.2.2 Inconsistent food quality and hygiene management
9.2.3 Race for space
9.2.4 Recruitment crisis
9.2.5 Prevalence of lunch shaming
9.2.6 YOY Impact of Market Growth Restraints
9.3 Market Opportunities and Trends
9.3.1 Waste not, want not
9.3.2 Enhancing customer journeys
9.3.3 Rise of fresh food subscriptions
9.3.4 Growing momentum of sustainable eating
9.3.5 Emergence of “free-from” menus
9.3.6 YOY Impact of Market Opportunities and Trends
10 Contract Catering Market in North America
10.1 Market Size & Forecast
11 Contract Catering Market in US
11.1 Market Size & Forecast
11.1.1 Market Overview
11.2 Porter’s Five Forces Analysis
11.2.1 Threat of New Entrants
11.2.2 Bargaining Power of Suppliers
11.2.3 Bargaining Power of Buyers
11.2.4 Threat of Substitutes
11.2.5 Competitive Rivalry
12 Contract Catering Market in US By Industry Served
12.1 Market Overview
12.2 Contract Catering Market in US by B&I Industry
12.2.1 Market Size & Forecast
12.3 Contract Catering Market in US by Education Industry
12.3.1 Market Size & Forecast
12.4 Contract Catering Market in US by Healthcare Industry
12.4.1 Market Size & Forecast
12.5 Contract Catering Market in US BY Senior Care Industry
12.5.1 Market Size & Forecast
12.6 Contract Catering Market in US by Sports & Leisure Industry
12.6.1 Market Size & Forecast
12.7 Contract Catering Market in US by Defense, Offshore & Remote industry
12.7.1 Market Size & Forecast
13 Contract Catering Market in US By Contract Type
13.1 Market Overview
13.1.1 Fixed Price Contracts
13.1.2 Cost-plus contracts
13.1.3 Others
13.2 Fixed Price Contracts
13.2.1 Market Size & Forecast
13.3 Cost-plus contracts
13.3.1 Market Size & Forecast
13.4 Other Contracts
13.4.1 Market Size & Forecast
14 Contract Catering Market in US By Delivery
14.1 Market Overview
14.2 IFM contracts
14.2.1 Market Size & Forecast
14.3 Single Service contracts
14.3.1 Market Size & Forecast
15 Contract Catering Market in US By Facility
15.1 Market Overview
15.2 On-premise facilities
15.2.1 Market Size & Forecast
15.3 On and off-premise facilities
15.3.1 Market Size & Forecast
16 Competitive Landscape
16.1 Market Overview
17 Market Vendor Analysis
17.1 Market Ranking Analysis
18 Key Company Profiles
18.1 Compass Group
18.1.1 Business Overview
18.1.2 Major Service Offerings
18.1.3 Key Strengths
18.1.4 Key Strategies
18.1.5 Key Opportunities
18.2 Sodexo
18.2.1 Business Overview
18.2.2 Major Service Offerings
18.2.3 Key Strengths
18.2.4 Key Strategies
18.2.5 Key Opportunities
18.3 Aramark
18.3.1 Business Overview
18.3.2 Major Service Offerings
18.3.3 Key Strengths
18.3.4 Key Strategies
18.3.5 Key Opportunities
18.4 Delaware North
18.4.1 Business Overview
18.4.2 Service Offerings
18.4.3 Key Strengths
18.4.4 Key Strategies
18.4.5 Key Strategies
18.5 Elior Group
18.5.1 Business Overview
18.5.2 Major Service Offerings
18.5.3 Key Strengths
18.5.4 Key Strategies
18.5.5 Key Opportunities
19 Other Prominent Vendors
19.1 American Dining Creations
19.1.1 Business Overview
19.1.2 Service Offerings
19.1.3 Key Strengths
19.1.4 Key Strategies
19.2 Atalian Servest
19.2.1 Business Overview
19.2.2 Service Offerings
19.2.3 Key Strengths
19.2.4 Key Strategies
19.2.5 Key Strategies
19.3 CIR food
19.3.1 Business Overview
19.3.2 Service Offerings
19.3.3 Key Strengths
19.3.4 Key Strategies
19.4 Continental
19.4.1 Business Overview
19.4.2 Service Offerings
19.4.3 Key Strengths
19.4.4 Key Strategies
19.5 Gourmet Services
19.5.1 Business Overview
19.5.2 Service Offerings
19.5.3 Key Strengths
19.5.4 Key Strategies
19.6 Guest Services
19.6.1 Business Overview
19.6.2 Service Offerings
19.6.3 Key Strengths
19.6.4 Key Strategies
19.7 ISS World Services
19.7.1 Business Overview
19.7.2 Service Offerings
19.7.3 Key Strengths
19.7.4 Key Strategies
19.8 Nexdine
19.8.1 Business Overview
19.8.2 Service Offerings
19.8.3 Key Strengths
19.8.4 Key Strategies
19.9 Parkhurst dining solutions
19.9.1 Business Overview
19.9.2 Service Offerings
19.9.3 Key Strengths
19.9.4 Key Strategies
19.10 Quest Food MAnagement SERVICES
19.10.1 Business Overview
19.10.2 Service Offerings
19.10.3 Key Strengths
19.10.4 Key Strategies
19.11 Taher
19.11.1 Business Overview
19.11.2 Service Offerings
19.11.3 Key Strengths
19.11.4 Key Strategies
19.12 Thompson Hospitality
19.12.1 Business Overview
19.12.2 Service Offerings
19.12.3 Key Strengths
19.12.4 Key Strategies
19.13 The Nutrition Group
19.13.1 Business Overview
19.13.2 Service Offerings
19.13.3 Key Strengths
19.13.4 Key Strategies
19.14 Whitsons Culinary Group
19.14.1 Business Overview
19.14.2 Service Offerings
19.14.3 Key Strengths
19.14.4 Key Strategies
20 Report Summary
20.1 Key Takeaways
20.2 Strategic Recommendations
20.3 Qualitative Summary
20.4 Quantitative Summary
20.4.1 Market Size
21 Appendix
21.1 Abbreviations
List Of Exhibits
Exhibit 1 Segmentation of Contract Catering Market in the US
Exhibit 2 Market Size Calculation Approach 2017
Exhibit 3 Defining Elements in the Contract Catering Market in the US
Exhibit 4 Change in Real GDP in US 2017−2023 (%)
Exhibit 5 Healthcare Costs Per Capita 2015 ($)
Exhibit 6 Total Health Expenditures of GDP by Public vs Private Spending 2015 (%)
Exhibit 7 Evolution of Facilities Management
Exhibit 8 IFS Share of Total Facilities Services 2017
Exhibit 9 IFS Trends 2017
Exhibit 10 Generation Z and Foodservice
Exhibit 11 Millennials and Foodservice
Exhibit 12 Baby Boomers and Foodservice
Exhibit 13 Beverage Consumption Statistics and Outlook for Foodservice 2017
Exhibit 14 Lunch Statistics and Outlook for Foodservice 2017
Exhibit 15 Dinner Statistics and Outlook for Foodservice 2017
Exhibit 16 FoodXWellbeing and Work: Global and US Statistics 2017
Exhibit 17 Global Employee Engagement and Retention Statistics 2017/2018
Exhibit 18 Time Spent on Picking up Meals 2017
Exhibit 19 Outsourcing Models for Facility Services Likely to be Used in the Private Sector 2017
Exhibit 20 Statistics on Eatertainment, Entertainment, and Sports Experiences in the US 2017
Exhibit 21 Street Food and Grab ‘n’ Go Trends and Statistics 2017
Exhibit 22 Overview of Food Waste and Reduction Strategies 2017
Exhibit 23 Omnico’s Catering Solutions
Exhibit 24 Contract Catering Market in North America 2017–2023 ($ billion)
Exhibit 25 Number of Spots in an Employee’s Lunch Rotation in the US 2017
Exhibit 26 Lunch at Workplace Statistics in the US 2017
Exhibit 27 Contract Catering Market in US by Industry Served 2017
Exhibit 28 Contract Catering Market in US 2017–2023 ($ billion)
Exhibit 29 Five Forces Analysis 2017
Exhibit 30 Contract Catering Market in US by Industry Served 2017 & 2023
Exhibit 31 Contract Catering Market in US by Industry ($ billion)
Exhibit 32 Contract Catering Market in US by Industry 2017
Exhibit 33 Contract Catering Market in US by Industry 2023
Exhibit 34 Contract Catering Market in the US Growth Comparison by Industry 2017–2023
Exhibit 35 Institutional Foodservice Statistics in B&I 2017
Exhibit 36 Contract Catering Market in US by B&I 2017–2023 ($ billion)
Exhibit 37 Contract Catering Market in US by Education 2017–2023 ($ billion)
Exhibit 38 Institutional Foodservice in the Education Sector 2017
Exhibit 39 Tuition Growth at National Universities in Academic Years 2012–2013 and 2017–2018 ($)
Exhibit 40 Foodservice in Healthcare: An Overview 2017
Exhibit 41 Contract Catering Market in US by Healthcare 2017–2023 ($ billion)
Exhibit 42 Senior Care and Foodservice: An Overview
Exhibit 43 Contract Catering Market in US by Senior Care 2017–2023 ($ billion)
Exhibit 44 Contract Catering Market in US by Sports & Leisure 2017–2023 ($ billion)
Exhibit 45 Contract Catering Market in US by Defense, Offshore & Remote 2017–2023 ($ billion)
Exhibit 46 Contract Catering Market in US Contract Type 2017 & 2023
Exhibit 47 Contract Catering Market in US by Contract Type ($ billion)
Exhibit 48 Contract Catering Market in US by Contract Type 2017 & 2023
Exhibit 49 Contract Catering Market Growth in US - Comparison by Contract Type 2017–2023
Exhibit 50 Contract Catering Market in US by Fixed Price Contracts 2017–2023 ($ billion)
Exhibit 51 Contract Catering Market in US by Cost-plus Contracts 2017–2023 ($ billion)
Exhibit 52 Contract Catering Market in US by Other Contracts 2017–2023 ($ billion)
Exhibit 53 Contract Catering Market in US by Delivery 2017 & 2023
Exhibit 54 Contract Catering Market in US by Delivery ($ billion)
Exhibit 55 Contract Catering Market in US by Delivery 2017 & 2023
Exhibit 56 Contract Catering Market Growth in US Comparison by Delivery 2017–2023
Exhibit 57 Contract Catering Market in US by IFM 2017–2023 ($ billion)
Exhibit 58 Comparison of US Service Integration and Outsourcing Penetration with Other Countries 2017
Exhibit 59 Contract Catering Market in US by Single Service 2017–2023 ($ billion)
Exhibit 60 Contract Catering Market in US by Facility 2017 & 2023
Exhibit 61 Contract Catering Market in US by Facility ($ billion)
Exhibit 62 Contract Catering Market in US by Facility 2017 & 2023
Exhibit 63 Contract Catering Market Growth in US Comparison by Facility 2017–2023
Exhibit 64 Contract Catering Market in US by On-premise Facilities 2017–2023 ($ billion)
Exhibit 65 Contract Catering Market in US by On and Off-premise Facilities 2017–2023 ($ billion)
Exhibit 66 Most Important Factors in Selecting Contract Caterers
Exhibit 67 Tenure of Contract and Inclination to Change Contract Caterer 2017
Exhibit 68 Value Sought by Clients 2017
List of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013−2017
Table 3 YOY Impact of Market Growth Enablers 2017−2023
Table 4 YOY Impact of Market Growth Restraints 2017−2023
Table 5 YOY Impact of Market Opportunities and Trends 2017−2023
Table 6 Market Ranking Analysis 2017
Table 7 Compass Group: Service Offerings
Table 8 Sodexo: Service Offerings
Table 9 Aramark: Service Offerings
Table 10 Delaware North: Service Offerings
Table 11 Elior Group: Service Offerings
Table 12 Qualitative Summary of Contract Catering Market in US
Table 13 Contract Catering Market in US by Contract Type ($ billion)
Table 14 Contract Catering Market in US by Contract Type (%)
Table 15 Contract Catering Market in US by Industry Served ($ billion)
Table 16 Contract Catering Market in US by Industry Served (%)
Table 17 Contract Catering Market in US by Delivery ($ billion)
Table 18 Contract Catering Market in US by Delivery (%)
Table 19 Contract Catering Market in US by Facility ($ billion)
Table 20 Contract Catering Market in US by Facility (%)

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