The Food Service Contractors industry is benefiting from an increase in consumer spending on discretionary items, such as tickets to sporting and music events, as well as increased travel spending. Increased business and consumer spending over the past five years has contributed to industry expansion and the industry is also benefiting from the increased propensity of businesses, healthcare facilities and educational institutions to outsource their food services. In the coming years, consumer spending and corporate profit are both expected to grow, meaning consumers and businesses are likely to increase their spending at food service locations.
Industry companies provide food services at institutional, governmental, commercial or industrial locations. Examples of facilities where food services are provided include airports, food courts, college and university cafeterias and recreation and sports venues.
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.