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Catering industry revenue has doubled in 10 years!
Catering is growing faster than all other foodservice segments for the third year in a row – another 5.6%* growth predicted in 2013. In our premier issue, we estimated that the catering industry was worth $14 billion in 2001, and now we know...
The industry will exceed $45 billion in 2013.
All signs indicate further expansion in the catering market. If it continues at this pace, we could see double-digit growth over the next 10 years.
|Independent catering companies||$8.3 billion|
|Hotel catering, banquet and hospitality operations||$5.7 billion|
|Sports, entertainment and cultural venue catering||$3.9 billion|
|College/university foodservice catering (self-operated)||$1.5 billion|
|Contract managed foodservice catering||$5.4 billion|
|Restaurant private dining catering||$7.1 billion|
|Delivery, QSR, retail, supermarket||$12.4 billion|
|Military foodservice catering||$1.5 billion|
Total sales may not include total revenue from bar services or incremental sales revenue generated from additional services provided by caterers such as space or venue fees, event rentals including equipment, vehicles, tabletop, décor and other needs including staffing, entertainment, wedding and event services.
Sources: U.S. Census, Catersource CCU, IBIS World, National Restaurant Association
Expand your market share in this fast-growing segment.
If you are not exhibiting at the Catersource Tradeshow or advertising in Catersource magazine and through our digital channels, chances are you are missing real sales opportunities in the thriving catering segment.
Catersource Magazine, Conference & Tradeshow is the leading source for news, education and resources, connecting foodservice, hospitality and event suppliers with industry buyers.
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*2013 National Restaurant Association Industry Forecast