Global Concession Catering Market was valued at US$ 177.98 Bn in 2019 and is expected to reach US$ 301.1 Bn by 2026, at a CAGR of 6.02% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Based on the end-user industry, the airport segment is expected to hold the largest share in the market due to increasing air passengers and the trend of flight travel among consumers across the globe. The report provides detailed drivers and restraints, which are influencing the market growth.
Major driving factors of the market are rising transport networks across the globe, growing tourism at city sites and leisure travel among consumers, growing disposable incomes of the middle-class population, increasing traveling and improving living standards of consumers across the globe. Moreover, the growing focus of concession caterers on providing healthy fast food and a refreshing atmosphere is also estimated to boost the market growth during the forecast period. However, frequently changing consumer taste and preference act as restraints to the market.
In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period due to rising GDP and growing middle-class population in developing countries of this region such as India and China. India is expected to boost the market growth in the Asia Pacific region owing to increasing spending on parties and other events among consumers.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
The key players studied, analyzed, profiled, and benchmarked in Concession Catering Market are Elior Group, Autogrill, SSP, British Event Catering services, Sweet Hospitality Group, The Grove Inc., Concessions International LLC, Plurban Gourmet Event Catering, Good Foods Catering, Catering By Uptown, Classic Catering, and Ismaya Catering.
The Scope of the Report for Concession Catering Market
Global Concession Catering Market, by End User Industry
• City Sites & Leisure
Global Concession Catering Market, by Region
• North America
• Middle East & Africa
• South America
Key Players Operating in Concession Catering Market
• British Event Catering services
• Sweet Hospitality Group
• The Grove Inc.
• Concessions International LLC
• Elior Group
• Plurban Gourmet Event Catering
• Good Foods Catering
• Catering By Uptown
• Classic Catering
• Ismaya Catering
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