Food Services

Global Demand Market Outlook

Data Source-Beroe- Effective May 2024

Americas

Catering Outsourcing

Price / Demand Trends

•Food inflation in the US is at 2.2 percent year-on-year in March 2024, from 2.1 percent in the prior month

•Catering service demand has increased primarily due to a strong outsourcing market along with addition of new buyers for catering service

Service Provider Maturity

Buyer Maturity

EMEA

Catering Outsourcing

Price / Demand Trends

• European Union food price inflation has increased 1.50 percent year-on-year in March 2024

• Europe markets demand was high due to new outsourcing activities in the market, along with strong client retention

Service Provider Maturity

Buyer Maturity

APAC

Catering Outsourcing

Price / Demand Trends

• Asia food price inflation is in a stable state. The rates are expected to increase in the coming quarters

• Asia markets catering demand was high from business and industry sector, followed by healthcare sectors

Service Provider Maturity

Buyer Maturity