A hunger for gourmet catering has driven industry revenue upwards over the past five years. The Event Catering Services industry benefited significantly as consumers demanded premium-quality food from operators. This trend towards premiumisation in catering has pushed prices upwards, with most consumers happy to pay premium prices for on-trend food. As a result, industry revenue is forecast to grow at an annualised 3.2% over the five years through 2014-15. This strong performance includes a 3.1% rise in 2014-15, with revenue to reach $520.8 million. Profitability has increased over the past five years, as operators passed on increasing input costs and sought to limit wages.
This industry consists of firms that provide event catering services. This excludes food prepared for resale or day-to-day catering.
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.