The Catering Services industry has gone through a period of strong growth over the past five years, with industry revenue expected to rise by an annualised 3.6% over the five years through 2014-15. A growing trend among businesses to outsource catering functions has driven growth. Outsourcing allows companies to focus on their core operations and leave catering to the experts. Steady increases in demand from airlines, mining companies, government departments and households have also supported industry growth. Revenue is forecast to rise by 4.3% over 2014-15, to reach $5.9 billion.
This industry includes specialist caterers and food-service operators that are primarily involved in the provision of catering services at specified locations or events. Meals and snacks may be transported or prepared and served on or off the premises, as required by the client.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.