The “Global Non-Contractual Catering Market Research Report: By Service Type (Events, On-Demand), By End Users (Corporate, Education, Health Care, Defense, Mining & EPC, Sports & Leisure, Event Management, Others), By Location Type (On-Shore, Off-Shore), By Model (Client Pay B2B, Consumer Pay/ Retail, B2C) and Others Forecast (2025-2030)”, Report offered by Markntel Advisors.
According to the report, the Global Non-Contractual Catering Market size was valued at around USD 6.11 billion in 2024 and is projected to reach USD 11.29 billion by 2030. Along with this, the market is estimated to grow at a CAGR of 8.12% during the forecast period, i.e., 2025-2030. The industry growth is attributed to the rising corporate events, celebrations, business events, increased customization offered by catering companies, etc.
Event Segment to Acquire 50% of Non-Contractual Catering Market Shares
Among all, the event segment is expected to substantially contribute to the growth of the global industry with 50% shares in upcoming years. This growth is further accelerated by the increment in wedding events, celebrations, corporate events, reunions, etc., in previous years.
Event Management Poised to Dominate Global Industry with Significant Growth During Forthcoming Years
Based on end-users, the industry is segmented into Corporate, Education, Health Care, Defense, Mining & EPC, Sports & Leisure, Event Management, and Others, among all, the event management segment is projected to attain lucrative growth with 50% of industry shares in forecasting years. This growth is primarily driven by flexible and convenient catering solutions across all kinds of events.
Asia-Pacific Non-Contractual Catering Market is Anticipated to Witness Healthy Growth with Substantial Shares
Asia-Pacific is expected to lead the global market growth owing to the strong and fastest-growing economic system, a large number of wedding & celebration events, and a corporate culture that increasingly prioritizes worker satisfaction and well-being. Additionally, the growing trend of health-consciousness among the growing population across the region is further shaping the growth of the catering industry.
Key Attributes
- Forecast Period: 2025-30
- Estimated Market Value (USD) in 2024: USD 6.11 Billion
- Forecasted Market Value (USD) by 2030: USD 11.29Billion
- Compound Annual Growth Rate: 8.12%
- Regions Covered: Global
Key Topics Covered:
Executive Summary
- Non-Contractual Catering Market, 2020-2030 (USD Billion)
- The events segment undergoes the utmost growth
- The event management segment dominated the global industry
- Asia-Pacific to be the fastest-growing market during the forecast period
Market Dynamics:
Drivers
- Growing popularity of diverse collection and combination of menus
- Rising business events, corporate events, sports, and other events
- Expansion of wedding industry
- Mounting adoption of customized food services
Challenges
- Global inclination towards food delivery application
Key Market Players and Recent Updates: Strengthening the Industry Growth
Highlighting the recent update that demonstrates the further growth and market expansion:
- Newrest Group in 2024, signed new contracts with several airlines such as Air Arabia, Air Transat, Flynas, etc. marking the development of the industry in the aviation sector.
- Compass Group Inc., in 2024, with acquisition of ICS Foods is expected to strengthen its position in the food service industry.
Additionally, to strengthen their market position, certain market players such as Compass Group, Inc., Newrest Group, SATS Ltd., GateGroup, Aramark Co., Sodexo S.A, DO & CO Aktiengesellschaft, Elior Group, ISS Facility Services Inc., Delaware North Companies, Inc., CH and Co Catering Group Ltd., BLACK OLIVE CATERING, Bartlett Mitchell Ltd., Entier Ltd., DoorDash Inc., and others, are operating, not only to raise revenue but also to seek comprehensive attention and popularity from large customers. Therefore, looking forward to futuristic growth and betterment.
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