Piece of cake: Growing disposable income and a rising marriage rate is likely to sustain demand

Operators in the Catering Services industry provide catering for one-off events such as weddings, corporate functions and private parties. The industry has showed continued signs of recovery after a significant fall in demand in the wake of the financial crisis. However, operators have felt the effects of increased uncertainty surrounding the UK’s departure from the European Union in recent years. Corporate events account for approximately half of total revenue in the industry. Business confidence dipped in the build-up to the EU referendum in 2016, limiting the catering budgets of businesses and weighing on industry revenue. Consumer confidence has also been volatile over the past five years...read more.

Industry Statistics & Market Size
Revenue
£1.4bn
Annual Growth 14-19
0.1%
Forecast Growth 19-24
Profit
Employment
28,211
Businesses
6,498
Market Share of Companies

Industry Threats & Opportunities

  • Consumer and business confidence has been volatile, affecting demand for industry services
  • Most enterprises seek to diversify their operations in order to expand
  • Food safety restrictions may no longer apply following the UK’s exit from the European Union
  • Industry Report - Industry Key Buyers Chapter

    The industry is estimated to have a very low level of market share concentration. The four most dominant players in the industry are expected to generate 8.9% of industry revenue in the current year. The largest industry players do not generally specialise in event catering and industry-related revenue is just a proportion of overall company revenue. Many operate as food-service contractors, providing catering services at specific locations over long periods of time. Others also own restaurants and cafes, while Crown Holdings, the parent company of Seasoned Events, also operates through a number of subsidiaries involved in different activities, including catering recruitment and event equipment hire...purchase to read more.

    Additional Insights for the Catering Services Industry

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

  • Use of high volume/low margin strategy
  • Receiving the benefit of word of mouth recommendations
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Consumer confidence index in the Catering Services industry impact industry performance..

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    What's in this report

    What is the Catering Services Industry?

    The industry includes businesses engaged in the provision of catering services for one-off events such as weddings, private parties and corporate functions. The industry excludes the provision of contracted catering on an ongoing basis.

    Industry Products
  • Corporate functions
  • Weddings
  • Private functions
  • Industry Activities
  • Catering for weddings
  • Catering for private parties
  • Catering for corporate functions
  • Catering for product and shop launches
  • Catering for office parties
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business confidence index
  • Consumer confidence index
  • Real household disposable income
  • Demand from full-service restaurants
  • Marriage rate

  • Current Performance
  • Confidence is key
  • Appetite for growth
  • Changing tastes
  • Marginal losses
  • Chart: Revenue Growth

  • Industry Outlook
  • Uncertainty ahead
  • Recipe for success
  • Table: Catering Services Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Banks
  • Legal Activities
  • Libraries, Museums & Cultural Activities
  • Consumers

  • Key Selling Industries
  • Alcoholic Beverage Wholesaling
  • Dairy Product, Egg & Edible Oil Wholesaling
  • Fruit & Vegetable Wholesaling
  • Meat Wholesaling

  • Products & Services
  • Corporate functions
  • Weddings
  • Private functions
  • Other
  • Chart: Catering Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Businesses
  • Consumers
  • Government and educational bodies
  • Chart: Major Market Segmentation for the Catering Services Industry

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

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

  • Industry Globalization
    CH & Co Catering Group Ltd,
  • Table: CH & Co Catering Group Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Catering Services 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 Catering Services Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Food-Service Contractors
  • Firms that provide contracted catering services on an ongoing basis.
  • Self-Catering
  • When consumers hosting events provide food and drink without the aid of caterers.
  • Sustainable Produce
  • Produce that minimises detrimental impacts on the environment.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Catering Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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 Catering Services:
    • 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 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 Catering Services 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 Catering Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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