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We expect the global contract catering market to exhibit a CAGR of around 6% during 2021-2026.
The growing utilization of contract catering services across diverse sectors, including education, corporate, healthcare, defense, sports, aerospace, etc., as a cost-effective way of managing food services is currently catalyzing the global contract catering market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulation across several nations resulting in disrupted supply chains, unavailability of workers, and limitation on social gatherings, thereby limiting the demand for contract catering.
Based on the contract type, the global contract catering market has been segmented into fixed price contracts and cost plus contracts. Currently, fixed price contracts hold the majority of the total market share.
Based on the end user, the global contract catering market can be divided into business and industry, education, healthcare and senior care, defense and offshore, sports and leisure, airports, and others. Among these, business and industry currently exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global contract catering market include ABM Catering Solutions, Amadeus, Aramark, Atalian Servest, Barlett Mitchell, Blue Apple Catering, Camst Group, Caterleisure Ltd., CH&CO Catering, Compass Group PLC, Dine Contract Catering, Elior Group, Fazer Food Services, Interserve, OCS Group Ltd., Sodexo, etc.
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