A USD 6.11 Billion the Non-Contractual Catering Market to Accelerate at a CAGR of Around 8.12% Durin
The Global Non-Contractual
Catering Market size was valued at around USD 6.11 billion
in 2024 and is projected to reach USD 11.29 billion by 2030.
Along with this, the market is estimated to grow at a CAGR of 8.12% during the
forecast period, i.e., 2025-2030, cites MarkNtel Advisors in
their recent research report. The non-contractual catering market has evolved
through flexible food and meal services without a formal contract or agreement.
This flexibility lets the consumers decide their menus according to their
needs, occasions, and events. In the corporate sector, the food services
requirement is fulfilled by customized and convenient catering services for
particular events, conferences, and training sessions. The non-contractual
catering industry is also evolving with the growing culture towards
personalized menus and catering services.
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Moreover, the rise of business conferences, corporate events
& celebrations, and the growing trend of personalized dining experiences
are key drivers of this market growth. Specifically, the increasing frequency
of in-person corporate gatherings displays a robust demand for catering
solutions that adapt to various needs. It is found in studies that almost 70%
of consumers prefer customized catering services and menus, which align with
their specific nutritional and dietary needs. The improved technology with
several mobile applications, the effect of changing food trends on social
media, and the growing health awareness, are fuelling the shift towards this
trend. Also, catering services are considered an important part of the food
service industry, which is valued at over USD 3.5 trillion in 2024.
Additionally, the wedding industry plays an important role
in driving demand for non-contractual catering services. With around forty
million weddings held globally each year, couples often allocate more than 40%
of their wedding budget to catering. This trend highlights the importance of
providing memorable and customized eating experiences at special events.
Non-contractual catering provides a wide array of culinary options,
accommodating precise themes and dietary choices.
Moreover, the rising number of sports events, fashion shows,
business conferences, and other events are driving the market growth. It is
found that more than 45% of global travelers come to attend sports events.
Also, according to the UN, from around 800 million global travelers in the
first 7 months of 2024, the major chunk of these travelers was for attending
any event. Along with it, more than 40,000 conferences and trade shows were
organized in 2023. It emphasizes the importance of the event industry, and
driving the demand for non-contractual catering, further states the research
report, Global Non-Contractual Catering Market Analysis, 2025.”
Global Non-Contractual Catering Market Segmentation Analysis
Events Catering Segment to Capture the Largest Market Share
Based on the service type, the market is further
bifurcated into on-demand catering and events catering. Among these, event
catering is expected to seize the largest share by accounting for more than 50%
market share. This is owing to the growing events industry globally which has
reached the value of USD 1.5 trillion in 2024. In 2024. The focus on
celebrations and gatherings is creating a frequent demand for non-contractual
catering. Weddings, corporate events, and reunions are also contributing to
this fact and helping in the growth of the non-contractual catering
industry.
Asia-Pacific to Lead the Non-Contractual Catering Industry
The market for non-contractual catering is to be dominated
by Asia-Pacific, with the largest market share during the forecast period. This
large share is attributed to the fact that the region is home to an impressive
number of wedding events happening every year. On average, more than 20 million
wedding events are organized in the region each year, leading to the value of
the event industry in 2024 for Asia-Pacific exceeding USD 250 billion.
Moreover, the evolving corporate culture and economic system
that foster the well-being of employers are also contributing to market growth.
Furthermore, the awareness and consciousness regarding organic and vegan food
are also contributing to the largest market share of Asia-Pacific in the
non-contractual catering market. Along with this, consistent technological
advancements in the region and online applications are providing flexibility to
order the food that consumers desire, driving the growth & expansion of the
non-contractual catering industry.
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Competitive Landscape
With strategic initiatives such as mergers, collaborations,
and acquisitions, the leading market companies, including Compass Group, Inc.,
Newrest Group, SATS Ltd., GateGroup, Aramark Co., Sodexo S.A, DO & CO
Aktiengesellschaft, Elior Group, ISS Facility Services Inc., Delaware North
Companies, Inc., CH and Co Catering Group Ltd., BLACK OLIVE CATERING, Bartlett
Mitchell Ltd., Entier Ltd., DoorDash Inc., and others are looking forward to
strengthening their market positions.
Key Questions Answered in the Research Report
- What
are the industry’s overall statistics or estimates (Overview, Size- By
Value, Forecast Numbers, Segmentation, Shares)?
- What
are the trends influencing the current scenario of the market?
- What
key factors would propel and impede the industry across the globe?
- How
has the industry been evolving in terms of geography & solution
adoption?
- How
has the competition been shaping up across various regions?
- How
have buying behavior, customer inclination, and expectations from product
manufacturers been evolving during 2020-30?
- Who are
the key competitors, and what strategic partnerships or ventures are they
coming up with to stay afloat during the projected time frame?
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