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Catering Services in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Catering Services Market Research Report | SIC I56.210 | Feb 2017

Catering to competition: Operators have been diversifying their services to generate demand

IBISWorld’s Catering Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 12-17
0.4%
Annual Growth 17-22
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Profit
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Employment
28,724
Businesses
7,152
Industry Threats & Opportunities
  • A stronger economy has boosted consumer confidence and supported revenue growth
  • Rising consumer and business confidence has supported recent growth
  • A gradually increasing wedding rate is expected to boost industry demand
  • ... purchase to read more

Industry Analysis & Industry Trends

The Catering Services industry has recovered over the past five years after demand went stale in the aftermath of the economic downturn. The industry began the five-year period at a relatively low base and weak consumer and business confidence weighed on demand in key downstream markets. Although the industry began to recover in 2011-12, greater economic uncertainty during the following year dragged industry revenue back into decline as businesses continued to cut back on catered events such as corporate seminars and product launches. In recent years, a stronger economy has enabled consumers to grow in confidence, which has boosted demand for higher value catering services. Businesses have benefited from higher revenue, which has also supported profitability... purchase to read more

Industry Report - Industry Products Chapter

Corporate functions

The largest industry product segment is catering for corporate functions, which is estimated to account for 49.5% of industry revenue. Corporate functions can include product launches, conferences, Christmas parties and team-building seminars. Events held by businesses are more lavish, involving a wider range of menu items or a higher standard of food, resulting in a higher cost per person. As a result, these types of functions generate a much greater amount of revenue per event than events organised by individuals.

Spending on corporate functions was relatively low for a long period following the economic downturn, when business confidence declined. In .. 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... purchase to read more

     


    Industry ProductsRelated Reports

    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 functionsWeddingsPrivate functions
     
    Industry Activities
    Catering for weddingsCatering for private partiesCatering for corporate functionsCatering for product and shop launchesCatering for office parties


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Business confidence index
  • Consumer confidence index
  • Real household disposable income
  • Demand from full-service restaurants
  • Marriage rate
  • Current Performance
  • Demand heats up
  • Alternative arrangements
  • Not the main course
  • Chart: Revenue Growth
  • Industry Outlook
  • Confidence collapses
  • Wedding bells
  • Competitive pressure
  • Table: Catering Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Catering Services Industry Lifecycle vs The Economy
  • Products & Markets
    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 education
  • Chart: Major Market Segmentation for the Catering Services Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Labour costs
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Catering Services
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Catering Services Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Catering Services Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    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.

  • Why Buy this Report?
    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 of 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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