United States Catering Market Outlook
According to the report by Expert Market Research (EMR), the United States catering market size reached a value of USD 72.67 billion in 2023. Aided by the increasing demand for convenient food services and the growing popularity of catering across various sectors, the market is projected to grow at a CAGR of 6.2% between 2024 and 2032 to reach a value of USD 124.36 billion by 2032.
Catering services provide food and beverage solutions for a range of events and occasions, including corporate gatherings, weddings, private events, and social functions. The services extend beyond mere food provision, often encompassing event planning, staffing, and venue management. Catering companies offer a diverse range of menu options, catering to the evolving dietary preferences of consumers, including vegan, vegetarian, gluten-free, and other health-conscious choices.
The growing trend of social gatherings and corporate events has significantly driven the demand for catering services across the United States. With the increasing need for personalized, on-site food services, the catering industry is experiencing steady growth. Moreover, the rise of the corporate culture, which includes frequent meetings, conferences, and office celebrations, has further augmented the demand for high-quality catering services.
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Market Drivers Of Growth
One of the key drivers of the United States catering market is the rise in corporate events and business-related functions. The expanding corporate sector, marked by a growing number of conferences, seminars, business meetings, and employee engagement activities, has led to a surge in demand for professional catering services. Many corporations seek tailored, high-quality catering options that can be aligned with their business objectives and the preferences of attendees, driving market growth. Furthermore, the increasing popularity of hybrid and remote work environments has spurred demand for corporate catering services that can be delivered directly to employees’ homes or remote workspaces.
In addition to the corporate sector, the hospitality industry is a significant contributor to the catering market’s expansion. Hotels, resorts, and event venues frequently collaborate with catering companies to provide food and beverage services for weddings, banquets, and other large-scale social events. The growing demand for destination weddings and luxury event experiences has created opportunities for catering businesses to expand their offerings, incorporating innovative and high-end food services.
The rising trend of health-conscious eating and the increasing demand for specialized dietary services have also played a crucial role in boosting the catering market in the United States. Consumers are becoming more aware of their dietary choices, and many catering companies are adapting by offering customized menus that include vegan, gluten-free, low-calorie, and organic food options. The increasing consumer focus on sustainability and eco-friendly practices has further contributed to the adoption of organic and locally sourced ingredients in catering services, driving market expansion.
Another significant driver of the United States catering market is the growing popularity of social events and celebrations. Weddings, anniversaries, birthday parties, and other personal milestones are increasingly celebrated with the help of professional catering services. Event planners and individuals are turning to catering companies for convenience, expertise, and high-quality food experiences, leading to a steady demand for catering services across the country. Additionally, the rise in multicultural celebrations and the need for diverse cuisine options have contributed to the catering market’s growth, as providers expand their menus to meet the preferences of various ethnic communities.
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United States Catering Market Segmentation
The market can be divided based on by type, by services, application and region.
Market Breakup by Type
- Contractual
- Non-Contractual
Market Breakup by Services
- Inhouse
- Outsource
Market Breakup by Application
- Corporate Catering
- Social Events
- Others
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
Competitive Landscape
Some of the major players explored in the report by Expert Market Research are as follows:
- Sodexo
- Compass Group
- ISS A/S
- Aramark
- San Francisco Catering Company (Fresh Pulp Holding LLC)
- Tres LA Group
- Thomas’s Catering
- Elaine Bell Catering
- DJ’s California Catering
- Others
Market Challenges
Despite the positive growth outlook, the United States catering market faces several challenges. One of the major issues is the rising cost of food and raw materials, which can significantly impact the profitability of catering companies. The fluctuation in prices of key ingredients, including meat, dairy, fruits, and vegetables, can affect the ability of catering services to maintain consistent pricing. Moreover, the growing focus on quality and sustainability, which requires the use of organic and locally sourced ingredients, further adds to the overall costs. Catering companies must continuously adjust their pricing strategies to remain competitive while ensuring high-quality services.
Another challenge facing the catering industry is the shortage of skilled labor. Catering requires a specialized workforce, including chefs, event planners, servers, and logistics personnel, all of whom play a crucial role in delivering a seamless event experience. The difficulty in hiring and retaining skilled staff has become a significant issue, especially in light of the labor shortages experienced during and after the COVID-19 pandemic. High turnover rates, along with increasing labor costs, can place pressure on catering companies, limiting their capacity to expand and cater to larger events.
Additionally, the intense competition in the catering industry poses a challenge to market players. The United States catering market is highly fragmented, with a mix of small, local providers and large, established companies. Smaller catering businesses often face competition from large catering chains that have greater resources and the ability to offer more competitive pricing. Moreover, the rise of food delivery platforms, which offer consumers the convenience of ordering gourmet meals directly to their homes, has added a new layer of competition to traditional catering services.
Finally, regulatory compliance is a critical challenge for catering companies. Adhering to food safety standards, health regulations, and licensing requirements is essential to ensure the safety and well-being of clients. Failure to comply with these regulations can result in fines, legal issues, and damage to a company’s reputation. Catering businesses must also be mindful of local regulations regarding the transportation and storage of food, especially for outdoor events, which require additional safety measures.
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