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.
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
"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
Compass Group North America
ISS Facility Services Pvt. Ltd.
AVI Foodsystems, Inc.
Mitie Group plc
Check out more procurement intelligence studies conducted by Grand View Research:
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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.