Clean plate: Increases in consumer spending and corporate profit will likely bode well for industry demand
Caterers in the US The Caterers industry has prospered over the five years to 2019, bolstered by growth in household incomes and corporate profit. Improvements in broader economic conditions have enabled households and businesses to increase spending on industry services. For example, demand from trade shows and conferences has surged strongly during the period. Operators have supported growth by introducing new menu items and providing a wider range of services to satisfy increasing client requirements. Over the five years to 2024, the Caterers industry is expected to continue growing, albeit at a slower rate, as platforms that connect consumers with catering services gain popularity. Increases in both consumer spending and corporate profit over the next five years will bode well for industry demand. However, growth will be tempered by rising external competition from restaurants expanding their catering capacities.
The Caterers industry includes companies that provide individual event-based food services. These companies generally have equipment and vehicles to prepare food off-site and transport it to events. Banquet halls with catering staff are included in this industry. Examples of events catered by industry establishments include graduation parties, wedding receptions, business luncheons and trade shows.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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207 pages •
By Asia Market Information & Development Company
• Mar 2022
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