North America Catering Market 2021 Economic Growth and Market Segmentation, Covid 19 Impact Outlook, Sales Channels, Demand & Investment Opportunities to 2026
The catering industry has evolved into a huge revenue generating sector over the past few years and is expected to continue the upward trend, assisted by the rapidly maturing business-to-business (B2B) event industry.
Dallas, United States – December 15, 2021 /MarketersMedia/ —
Catering is a business that provides service on remote and on-site to social and corporate events. Owing to benefits such as customized food options, add-ons, professional handling and management, cost-effective meal planning, time-saving, good food quality, customized food accommodating for dietary restrictions, varied menu options, Catering is experiencing rapid adoption thus fostering progress in North America Catering Market. Furthermore, catering service providers shifting to operate with delivery and pickup service during pandemic, high demand for customized food, high disposable incomes, and improved role of technology is boosting North America Catering Market. The North America catering market is projected to be valued at USD 89.60 billion by 2025 assisted by the rising number of corporate events in the U.S. and the subsequent growth of the business to business (B2B) event industry market.
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However, the North America Catering Market is hampered by various factors. The covid-19 pandemic leading to mobility restrictions, ban on social and corporate events highly impacted the North America Catering Market. Additionally, food and agricultural produce affected due to climate change leading to shortage of food supply and further price fluctuations, organization, improper services, lack of training to event planners and executers, mismanagement, lowered marriage and party events are some major challenges faced by North America Catering Market. Furthermore, population growth is driving structural change of North America Catering Market economics. Also, catering service providers shifting to operate with delivery and pickup service during pandemic, high demand for customized food, high disposable incomes, and improved role of technology market is bound to experience impressive growth in North America Catering Market in the forecast period, 2022-2028.
The major players in North America Catering Market are On Safari Foods, Junzi Kitchen , Sirico’s Catering, Brother 2 Brother Catering, Ravishing Radish, DJ’s California Catering, Leading Caterers of America, Rocky Top Catering, ZeroCaters among others. These companies provide the best catering facilities that are the most preferable brands in North America. These companies are on top of the list of catering companies in North America Catering Market as they offer extensive experience to the clients according to customers’ dietary preferences, religious restriction, and other needs. The companies try to maintain the highest standard of food, quality, and healthy and wholesome food at best price. These companies have presence across North America specializing in wide range of catering services ranging from corporate catering, wedding catering, event catering, etc.
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The North America Catering Market is classified into type, event, industry, and country. The type is further segmented into in house, on-premise, outsourced, off-premise. The event type is classified into social and corporate events among which social events is poised for substantial market growth owing to factors like culinary creativity, party trends, demand for dynamic food and drink landscape ion parties, and catering service providers offering best transporting facilities, safety regulations, preparation processes, and quality food is increasing the demand for catering services in the social events thereby driving growth of social events segment in North America Catering Market. United States and Canada are dominating the North America Catering Market. High demand for customized food, high disposable incomes, improved role of technology in transporting facilities, preparation processes, and monitoring food quality are the key factors catalyzing the growth of United States and Canada in North America Catering Market.
Report Scope:
Study Period: 2018 – 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Market Value: 89.60
Key segments of the North America catering market
Type Overview, 2014-2025 (USD Billion)
In House/On Premise
Outsourced/Off Premise
Event Type Overview, 2014-2025 (USD Billion)
Corporate Events
Social Events
Industry Overview, 2014-2025 (USD Billion)
Business & Industry (B&I)
Education
Healthcare
Leisure
Others
Country Overview, 2014-2025 (USD Billion)
U.S.
Canada
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FAQs:
1.What is the size of the North America catering Market?
2.Which elements are helping the growth in APAC?
3.Which market category has the most market share?
4.What factors are influencing the North America catering Market?
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Organization: Adroit Market Research
Website: https://www.adroitmarketresearch.com/industry-reports/north-america-catering-market
Source: MarketersMedia
Release ID: 89056801
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