Aarkstore Enterprise - Global Contract Catering Market Report – 2010 Edition

Sept. 27, 2011 - PRLog -- Food services in the form

of contract catering have acquired global dimensions in growth and popularity. Executive dining, outsourcing of food services in education, healthcare, travelling, sports and leisure facilities and other walks of life, have seen a continuous growth and have made contract catering a source of employment generation as well. Revenues generated from this industry have shown a continuous increase over the past few years due to overall economic growth, higher acceptance of the services by society and also a changing structure of catering contracts in more diversified outsourcing of services. Self operated markets being more than outsourced market provides considerable scope for the expansion of contract catering industry.

Corporate, Healthcare, Education, Defense, Seniors and other areas like working sites such as oil & gas, mining and construction are the varied sectors being catered by contract catering industry. Of these, corporate sector is the key contributor to revenue generation followed by Education and Healthcare. The contract catering services have flourished most in Europe. North America, Asia Pacific and South America are the other areas seeing the spread of contact catering industry. France and UK account for the maximum share in the European market followed by other nations.

Demographic changes, changes in work culture, increased outsourcing of services and concern for environment are some of the trends in existence and in offing for the contract catering industry. Like all other sectors of the economy, contract catering is also a scene of new developments such as diversification into support services and more efficient functioning with new technologies. However, the industry is under pressure due to rising commodity prices, manpower problems, corporate downsizing and reduced margins. In addition, hiring of skilled manpower and its retention is another challenge faced by the industry.

Technological innovation in communication, traveling and management services have given rise to much competitive play in this industry. Many local, regional, national and international service providers as well as institutions are giving competition to established players having global presence like Sodexo and Compass Group, among others.

The present report offers an analysis of the global contract catering industry. It also analyzes the main trends and challenges for the industry with specific focuses on the growth of this industry in the European region and its two key markets, namely the UK and France. Further, the report highlights the positioning and strategies of top global contract caterers – Compass, Sodexo, Aramark and Elior.

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