- The global food service industry was valued at $533.10 billion in 2023, the market is forecasted to grow at the CAGR of 7–9 percent by 2025
- Western European countries, such as the UK, France, and Italy, along with countries, such as the US, Singapore, the UAE, and Hong Kong, are the regions that have a high market maturity
- Middle Eastern regions, India, China, Canada, Mexico, Japan, and Australia, are expected to be the potential growth centers for catering services
FS-013 Ver 2.2 (May 24)
Key Market takeaway
Global Market map (2024)
Source: Beroe- 2024
Global Market Outlook 2024-2026
High Maturity
Countries
Medium Maturity
Countries
Medium Low Maturity
Countries
Low Maturity
Countries
- United Kingdom
- Italy
- USA
- Singapore
- UAE
- Hong Kong
- Saudi Arabia
- Turkey
- Canada
- Japan
- Australia
- India
- South Korea
- China
- Mexico
- Malaysia
- Brazil
- Major parts of Asia
- Africa
- LATAM
Presence of established
and specialized catering service
providers, as well as large facility
management suppliers, who have
been providing catering services as a
bundled service, along with other FM
services
Global suppliers and their partnerships
with the local suppliers mean better
service offerings and quality of
services. Local suppliers are seeking to
learn and grow to compete
with global suppliers offering a competitive advantage
Highly fragmented market
with the presence of multinational FM
firms and local suppliers trying to
penetrate these markets, due to high
growth potential
Owing to lower demand,
the catering market is highly
dispersed with local service providers
that are very local in nature and do
not possess many capabilities
Adopted Engagement Strategy
Bundled with IFM Service Contracts
Bundled with other FM Services
Single service contracts
Single Service contracts
Source: Beroe- 2024