Business Opportunities To Re-open for Catering Service Providers With Relaxation In COVID Induced Global Lockdown - A Procurement & Market Intelligence Report: Grand View Research, Inc.

SAN FRANCISCO, Nov. 9, 2021 /PRNewswire/ -- The catering services market boasts of a mature European and North American market and a fast-growing APAC market. However, the COVID pandemic resulted in businesses being closed, events being postponed, and eateries being shut down. As such, the cafeteria/catering services were negatively impacted. One of the saving graces for the industry was the resurgence of take-away meals, which resulted in the contractual employment of employees from the cafeteria service providers.

Catering Services Category Intelligence Highlights:

• Catering/Cafeteria services are resuming with limited capacities. Eateries are employing personnel from cafeteria service providers on a contractual basis
• The catering market features a highly fragmented competitive landscape owing to the presence of several small players and regional players
• Suppliers widely prefer bundled outsourcing model as their operating model to diversify work

View detailed report description or request for a free sample of the full report, "Catering Services Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2025", by Grand View Research

With the pandemic loosening up, various countries have resumed operations with certain rules and regulations to maintain COVID safety protocols. For instance, pubs and restaurants in Ireland have opened for indoor service. In France, people visiting eateries have to show proof that they are vaccinated or have tested COVID negative recently. In India, ceremonies and gatherings can help with a limitation on the number of attendees decided by the local authorities. Such steps are opening business opportunities for catering service providers globally.

Grand View Research has identified the following key cost components associated to catering services:

• Raw Material Costs
• Operational Costs
• Rental Cost
• Personnel Cost
• Associated Costs
• Opportunity Cost
• Wastage Cost
• Transportation Cost
• Profit Margins

"Raw material cost is the largest cost component of catering services, accounting for 60%-65% of the total cost of service."

List of Key Suppliers in the Catering Services Category

• Aramark Corporation
• Compass Group North America
• Sodexo
• ISS Facility Services Pvt. Ltd.
• AVI Foodsystems, Inc.
• Mitie Group plc
• Bartlett Mitchell
• Elior Group
• Baxterstorey Limited

Check out more procurement intelligence studies conducted by Grand View Research:

• Brewing Market Procurement Intelligence Report – The global brewing market is expected to be valued at USD 45 billion by 2025 has grown at a CAGR of 7% from 2020 to 2025. The Asia Pacific is the largest geographic segment in the brewing market with a 30% market share.
• Food & Beverage ERP Solution Market Procurement Intelligence Report – The global ERP solutions market size was estimated at USD 35.50 billion in 2019 and is projected to register an 8% CAGR during the forecast period. The food industry is expected to hold a market share of 10%-12% of the global market.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.