United States Catering Market Outlook
According to the report by Expert Market Research (EMR), the United States catering market size reached USD 72.67 billion in 2023. Aided by the surge in demand for corporate catering services and the rising awareness related to health, the market is assessed to grow at a CAGR of 6.2% between 2024 and 2032, reaching almost USD 124.36 billion by 2032.
Catering refers to the business or service of providing food and beverages to clients at remote locations or for specific events. This service can be offered for a wide variety of occasions, such as weddings, corporate events, parties, conferences, and other social gatherings. Catering involves several key elements, including menu planning, food preparation, delivery, and sometimes on-site service.
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The United States catering market is experiencing significant growth, driven by a variety of factors such as evolving consumer preferences and the rising popularity of corporate catering. As the demand for convenience, variety, and quality in food services increases, the market is adapting to meet the evolving needs of its clientele. Several key trends are currently influencing the U.S. catering market, including the rising popularity of corporate catering, the increasing demand for health-conscious and speciality diets, the growing influence of technology, and the emphasis on sustainability and local sourcing.
One of the most prominent trends in the United States catering market is the surge in demand for corporate catering services. As businesses increasingly recognise the value of providing quality food options for their employees, clients, and partners, the corporate catering segment has witnessed robust growth. Companies are investing in catered events for meetings, conferences, and team-building activities to enhance employee satisfaction and productivity.
Moreover, the rise of remote work and hybrid working models has led to an increase in virtual events and online meetings, further boosting the need for catering services that can deliver high-quality meals to multiple locations simultaneously. This shift has prompted catering companies to offer more flexible and diverse menus, as well as reliable delivery options to meet the specific needs of corporate clients.
Health-conscious eating and speciality diets are also significantly shaping the United States catering market development. With an increasing number of consumers adopting healthier lifestyles, there is a growing demand for catering options that cater to dietary preferences such as vegan, gluten-free, low-carb, and organic foods.
Catering companies are responding by incorporating a wider range of healthy and nutritious options into their menus. This trend is not only driven by individual preferences but also by corporate clients who are keen to promote wellness among their employees. Additionally, the focus on health and wellness has led to the inclusion of functional foods and superfoods in catering menus, which are perceived to offer additional health benefits beyond basic nutrition.
The role of technology in the United States catering market cannot be overstated. Technological advancements have transformed various aspects of catering operations, from ordering and payment systems to kitchen management and delivery logistics. Online platforms and mobile applications have made it easier for customers to browse menus, place orders, and make payments, enhancing the overall customer experience.
For catering companies, technology has streamlined operations by improving inventory management, reducing waste, and optimising delivery routes. Furthermore, the integration of data analytics allows caterers to better understand customer preferences and tailor their offerings accordingly. This data-driven approach not only enhances customer satisfaction but also helps businesses identify emerging trends and adapt more quickly to market changes.
Sustainability and local sourcing are increasingly important trends propelling the United States catering market growth. As environmental awareness grows, consumers are becoming more conscious of the environmental impact of their food choices. Catering companies are responding by adopting sustainable practices, such as reducing food waste, using eco-friendly packaging, and sourcing ingredients locally.
The farm-to-table movement, which emphasises the use of fresh, locally sourced ingredients, has gained traction in the market. By supporting local farmers and producers, catering companies can offer higher-quality, seasonal ingredients while reducing their carbon footprint. This commitment to sustainability not only appeals to environmentally conscious consumers but also enhances the reputation of catering companies as responsible and ethical businesses.
In addition to these trends, the United States catering market is also witnessing a diversification of services to cater to various customer segments. For instance, there is a growing demand for catering services for social events such as weddings, birthdays, and other celebrations. These events often require customised menus and unique culinary experiences, prompting catering companies to offer more personalised and creative solutions.
Ethnic and regional cuisines are also gaining popularity, reflecting the diverse culinary preferences of the U.S. population. Catering companies are expanding their menus to include a wider range of international dishes, catering to the tastes of multicultural clients.
The rise of meal kit delivery services is another noteworthy trend impacting the United States catering market expansion. These services provide customers with pre-portioned ingredients and recipes, allowing them to prepare gourmet meals at home. This trend has been fuelled by the desire for convenience and the growing interest in cooking at home. Some catering companies have tapped into this market by offering their own meal kits, providing customers with the option to enjoy high-quality, restaurant-style meals without leaving their homes.
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United States Catering Market Segmentation
The United States catering market can be divided based on type, 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
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States catering market. 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
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