Party time: Corporate and consumer party budgets will expand, pushing up demand

The Caterers industry has cooked up a new recipe for growth in recent years. Industry revenue has increased as consumers and businesses have hiked up spending on industry services. Operators have introduced new menu items and are providing a wider range of services to satisfy increasing client requirements. Recent growth has been aided by recovery in consumer spending and corporate profit; therefore, households and businesses are expanding their budgets and hosting more catered events. Over the five years to 2023, the Caterers industry is forecast to continue to improve as both consumer spending and corporate profit increase...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Caterers in this industry specialize in providing individual event-based food services
  • Industry operators have sought to distinguish themselves in this highly competitive industry
  • The industry will benefit from the improving economy, as consumer spending is expected to grow
  • Industry Report - Industry Investment Chapter

    The basic skills for a successful caterer include marketing, organizing, planning, problem solving, cooking, good hospitality skills and having a flair for presentation. As a result, catering is a labor-intensive activity where timing and food presentation are essential. It involves a strong sense of logistical planning, particularly when caterers operate from their own premises and deliver products to different locations, and good food service skills to ensure that meals are served on time. IBISWorld estimates that the average company in the Caterers industry spends $0.06 on capital for every $1.00 spent on labor; this represents an extremely low level of capital intensity.Caterers need to have access to a large pool of temporary staff and to rent equipment when required. Ind...purchase to read more.

    Additional Insights for the Caterers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Caterers Industry are

  • Ensuring pricing policy is appropriate
  • Access to niche markets
  • Ability to provide goods/services in diverse locations
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Corporate profit in the Caterers industry impact industry performance..

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    What's in this report

    What is the Caterers Industry?

    This industry includes companies that provide individual event-based food services. These companies generally have equipment and vehicles to transport meals and snacks to events or prepare food off-site. Banquet halls with catering staff are included in this industry. Examples of events catered by establishments in this industry are graduation parties, wedding receptions, business luncheons and trade shows.

    Industry Products
  • Alcoholic and nonalcoholic beverages
  • Food prepared for immediate consumption
  • Food served at events on caterer's premises
  • Food served at events on customer's premises
  • Food dropped off at the customer's event
  • Food prepared for customer pick-up
  • Other services
  • Industry Activities
  • Providing single event based food services
  • Providing food services in banquet halls with catering staff
  • Transporting meals and snacks or preparing food on-site
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Corporate profit
  • External competition for the Catering industry
  • Demand from trade show and conference planning
  • Households earning more than $100,000

  • Current Performance
  • Stronger demand
  • Operators add value
  • Profit cools amid rising competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Cooking up growth
  • Standards rise with competition
  • Table: Caterers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Caterers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Trade Show and Conference Planning
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Beer Wholesaling
  • Dairy Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Frozen Food Wholesaling
  • Fruit & Vegetable Wholesaling
  • Office Staffing & Temp Agencies
  • Tool & Equipment Rental
  • Wine & Spirits Wholesaling

  • Products & Services
  • Food served at events on customer's premises
  • Food served at events on caterer's premises
  • Other services
  • Food dropped off at the customer's event
  • Food prepared for immediate consumption
  • Alcoholic and nonalcoholic beverages
  • Food prepared for customer pick-up
  • Chart: Caterers Industry Products and Services Segmentation

  • Demand Determinants
  • Time constraints
  • Corporate demand
  • Regulation

  • Major Markets
  • Businesses and organizations
  • Highest quintile of household incomes
  • Fourth quintile of household incomes
  • Middle quintile of household incomes
  • Second quintile of household incomes
  • Lowest quintile of household incomes
  • Government
  • Chart: Major Market Segmentation for the Caterers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Caterers

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Caterers Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Caterers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Caterers Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Food Service
  • Provision of catered meals, which usually includes alcoholic and nonalcoholic beverages.
  • Food Handling
  • Ensuring that health and food standards are maintained at a high level during each stage of the process, from purchasing to serving.
  • Wastage
  • Food, drinks or other items that must be discarded due to fluctuations in demand, oversupply of meals or excess ingredients that cannot be used and are subsequently spoiled.
  • What Our Customers Say

    Why buy this report?

    The Caterers industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Caterers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Caterers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Caterers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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