The Catering Services industry has recovered over the past five years after demand went stale during the economic downturn. Demand was poor during the worst of the downturn as confidence levels were low for businesses and consumers alike. Businesses faced with plunging profitability cut back sharply on catered events such as office parties, corporate seminars and product launches, and reduced average spend per head for events that did go ahead. The deteriorating consumer climate caused consumers to put off discretionary events and choose to cater events themselves or select cheaper menu options. As a result, industry revenue contracted in both 2008-09 and 2009-10.
The industry includes businesses engaged in the provision of catering services for one-off events such as weddings, private parties and corporate functions. The industry excludes the provision of contracted catering on an ongoing basis.
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.