Non-Contractual Catering Market Set for Rapid Growth, Estimated to Reach USD 11.29 billion by 2030 at 8.12% CAGR: MarkNtel Advisors

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Non-Contractual Catering Market, 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 report provides valuable insights into the drivers, trends, and challenges shaping the future of the Non-Contractual Catering Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

Forecast Period: 2025-2030
Market Size in 2024: USD 6.11 billion
CAGR (2025-2030): 8.12%

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Global Non-Contractual Catering Market Segmentation Breakdown:

By Service Type
- Events – Market Size & Forecast 2020-2030, USD Million
- On-Demand – Market Size & Forecast 2020-2030, USD Million

The events segment is poised to dominate the Global Non-Contractual Catering Market with a share of around 50% during the forecast period 2025-30 due to several compelling elements.

By End Users
- Corporate- Market Size & Forecast 2020-2030, USD Million
- Education- Market Size & Forecast 2020-2030, USD Million
- Health Care- Market Size & Forecast 2020-2030, USD Million
- Defense- Market Size & Forecast 2020-2030, USD Million
- Mining & EPC- Market Size & Forecast 2020-2030, USD Million
- Sports & Leisure- Market Size & Forecast 2020-2030, USD Million
- Event Management- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million

The Event Management end-user with a share of more than 50% is poised to dominate the worldwide non-contractual catering industry in the forecast period of 2025-2030, driven by the growing demand for flexible and convenient catering solutions in all kinds of events.

By Location Type
- On-Shore- Market Size & Forecast 2020-2030, USD Million
- Off-Shore- Market Size & Forecast 2020-2030, USD Million
By Model
- Client Pay B2B- Market Size & Forecast 2020-2030, USD Million
- Consumer Pay/ Retail- Market Size & Forecast 2020-2030, USD Million
- B2C- Market Size & Forecast 2020-2030, USD Million

Geographical Growth Insights:

By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific

The Global Non-Contractual Catering Market is projected to experience significant growth during the forecast period, with Asia-Pacific leading the market.

MarkNtel Advisors Highlights Key Market Drivers for Non-Contractual Catering Market:

Growing Wedding Industry Augmenting Market Demand – The wedding industry is a major driving force of the Global Non-Contractual Catering Market. Every year on average 40 million wedding events occur all over the world. Further, more than 40% of the marriage budget is allocated to catering by the organizing group. From the overall wedding catering budget, almost USD70 is spent on each guest. It presents the huge size of the global wedding catering industry. Moreover, couples increasingly seek customized and memorable dining experiences for their special day. Contemporary weddings often prioritize specific themes and customized menus that reflect the couple’s tastes and cultural backgrounds, prompting a demand for flexible catering alternatives. Non-contractual catering services allow couples to choose from a variety of culinary patterns, accommodating dietary preferences and imparting innovative presentations that enhance the overall party.

Furthermore, the upward thrust of destination weddings and intimate gatherings has brought about a greater emphasis on bespoke catering solutions that may adapt to diverse places and settings. It is estimated that on average 1 in 4 weddings is a destination wedding, depicting the growing popularity of destination weddings and generating demand for the non-contractual catering industry with customized and regional cuisine food menus.

A Comprehensive Analysis of Leading Companies in Global Non-Contractual Catering Market

Medtronic Plc, Boston Scientific Co., Otsuka Holdings Co. Ltd., ReCor Medical, Inc., Mercator Medsystems, Inc., Symple Surgical Inc., Kona Medical Inc., Terumo Corporation, Johnson & Johnson Pvt. Ltd., Ablative Solutions, Inc, Renal Dynamics Ltd., Abbott Laboratories, Miracor Medical SA, DeepQure Inc., SoniVie, and others.

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Global Non-Contractual Catering Industry Recent Development:

September 2024: Newrest Group signed new contracts with several airlines such as Air Arabia, Air Transat, Flynas, etc. marking the development of the industry in the aviation sector.
August 2024: Compass Group Inc. by acquisition of ICS Foods is expected to strengthen its position in the food service industry.

What are the growth Challenge driving the Global Non-Contractual Catering Market?

Growing Number of Food Delivery Applications to Hinder the Market Growth – The growth of other food models, such as food delivery applications, across the globe is creating tough competition for the non-contractual catering industry. The growing expansion of food delivery applications, such as DoorDash, Uber Eats, Just Eat, and others is restraining market growth, particularly for smaller events and corporate lunches. Online food delivery is preferred in many corporate events with small gatherings, and the same is the case in business, sports, and other events. Thus, the growth of food delivery options becomes a competitive threat for non-contractual catering providers, especially in urban areas where quick and fast delivery options are available for a wide variety of food items on menus. It poses a potential threat to non-contractual caterers for small events like office parties and gatherings.

Moreover, subscription-based food delivery options provided by various companies, like HelloFresh, Blue Apron, and Gousto, have started to penetrate the market, reducing the need for non-contractual catered meals at wedding events, dinner parties, or other social gatherings.

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key subsegments, benefiting both market leaders and new entrants.

Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.

Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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