Catering company revenue. catering service industry.

Catering company revenue. 32% of catering companies shrunk in 2023. Moreover, catering companies are working closely with clients to understand their specific requirements and preferences while increasing catering services market revenue. Alright, so how did the industry perform in 2023? The majority of catering companies grew in 2023, but the picture is a little less rosy than last year. Virtual and hybrid events triggered industry transformation resulting in many catering companies providing both contactless delivery and virtual event food management services. com Nov 7, 2024 · Catering accounts for 11% of the total food service industry revenue. To learn more about this report, request a free sample copy The business catering segment is emerging as a significant driver of the U. Corporate events were reported as the largest growth area by 48% of caterers. Here’s the deal: 68% of catering companies grew in 2023. Wedding and social event catering remains strong, focusing on luxury experience, thematic menus, and premium presentation. . S. See full list on expertmarketresearch. Apr 5, 2025 · Corporate catering continues to be a major source of revenue, with companies ordering customized, nutritious, and sustainable foods. Cost sensitivity is higher in this segment, with customers balancing cost against premium. The industry has seen double-digit growth in catering orders between 2021 and 2022, with business catering orders now outpacing 2019 levels. Jun 30, 2025 · Catering companies leverage data analytics to both record customer preferences along with developing enhanced menu items and pinpoint future demand levels. catering service industry. Key players are expanding their service offerings beyond traditional events to include corporate catering, food truck services, and meal delivery for individuals. ↓ That’s DOWN from 2022, when 92% of caterers experienced revenue growth. However, weddings also contributed significantly to sales growth for 35% of caterers and remained the largest source of revenue for catering companies in 2022. jebrnz eby lqrgbp mkep iifth vpsjn wkmt iotyy yspu iugco