The Business Research Company’s latest report Catering Services And Food Contractors Global Market Report 2020 covers Catering Services And Food Contractors market drivers, Catering Services And Food Contractors market trends, Catering Services And Food Contractors market segments, Catering Services And Food Contractors market growth rate, Catering Services And Food Contractors market major players, and Catering Services And Food Contractors market size. The report provides in-depth analysis of the impact of COVID-19 on the Catering Services And Food Contractors industry, along with revised market numbers due to the effects of the coronavirus.
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Catering Services And Food Contractors Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global catering services and food contractors’ market is expected to decline from $257.9 billion in 2019 to $253.9 billion in 2020 at a compound annual growth rate (CAGR) of -1.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $312.8 billion in 2023.
The report covers the catering services and food contractors market’s segments-
1) By Type: Food Service Contractors, Catering Services.
2) By Ownership: Chained, Standalone.
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