Fattening up: Revenue expands thanks to strong business sentiment and rising incomes

The Catering Services industry has performed strongly over the five years through 2019, with revenue estimated to grow at a compound annual rate of 4.7%. Corporate demand for catering services, the industry's largest market, has increased alongside strong businesses sentiment. Demand from households was also supported by falling unemployment, strong growth in real disposable income and booming consumer sentiment, encouraging consumers to splurge on events such as birthdays, graduations and engagement parties.As demand has increased over the period, competition has intensified...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Strong business and consumer sentiment supported revenue growth over the past five years
  • People are choosing to marry at an older age, reducing demand for wedding catering more recently
  • A low marriage rate and competition from other food-service operators are likely to limit demand
  • Industry Report - Starting a New Business Chapter

    The industry is characterised by low and steady barriers to entry. The initial capital outlay for establishing operations is minimal as both premises and goods required, such as kitchenware, can be leased. In addition, the industry is generally labour intensive, relying on superior customer service, organisational skills and good quality products to succeed.However, intense competition represents a barrier to entry. The high volume of industry participants and the similarity of service offerings make it difficult to gain a competitive advantage and become a large industry player. Nevertheless, the small size of most industry operators means that new entrants can easily compete at a regional level...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

  • Ability to alter goods and services produced in favour of market conditions
  • Effective quality control
  • Access to multi-skilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Business sentiment index and Demand from restaurants and takeaways in the Catering Services industry impact industry performance..

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    What's in this report

    What is the Catering Services in Ireland Industry?

    Industry operators provide catering services for specified locations or events such as weddings and corporate functions. Meals and snacks may be transported or prepared and served on or off the premises, as required by the client. The industry excludes the provision of contracted catering on an ongoing basis.

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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business sentiment index
  • Demand from restaurants and takeaways
  • Marriage rate
  • Modified real disposable income per capita

  • Current Performance
    Revenue growth and confidenceMarriage ratesOther growth factorsExternal competitionProfit and market structure
  • Chart: Revenue Growth

  • Industry Outlook
    Revenue constraintsGrowth opportunities
  • 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 in Ireland
  • Libraries, Museums & Cultural Activities in Ireland
  • Consumers in Ireland

  • Key Selling Industries
  • Food, Beverage & Tobacco Wholesaling in Ireland

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

  • Demand Determinants
    Major Markets
  • Businesses and corporate clients
  • Households
  • Other
  • 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
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Marketing
  • Rent
  • Utilities
  • Other Costs
  • Chart: Cost Structure Benchmarking – Sector vs Catering Services

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Catering Services 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 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
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (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.
  • Humanist Ceremony
  • A humanist ceremony is a non-religious ceremony. It typically refers to weddings.
  • Veganism
  • The practice of abstaining from the use or consumption of animal products.
  • What Our Customers Say

    Why buy this report?

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

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