As per the market survey report, the catering services business worldwide generated a revenue of around US$ 565 million in the year 2018. Though the market followed a steeply rising curve in the following years, the average CAGR until 2022 has been brought down to 1.2%. This tragic downfall in demand for catering services was a consequence …
Tag Archives: Catering Services Industry
Navigating Growth: Insights into the Dynamic Global Catering Services Industry
As per the market survey report, the catering services Industry is witnessing significant growth, with a projected valuation of USD 951.5 million by 2033, reflecting a robust CAGR of 4.4%. Key drivers include increasing demand for corporate events, rising consumer preferences for outsourcing, and expanding applications in various sectors such as healthcare and education. Market Dynamics: …
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