Overview

Pie in the sky: Strong demand for airline catering services has boosted industry revenue

IBISWorld’s Catering Services in New Zealand 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.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Industry revenue has grown due to strong consumer sentiment and discretionary income growth
  • Catering firms have focused on streamlining their operations and reducing costs
  • Falling business confidence will lead to some businesses reducing expenditure on catering

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    Industry Analysis & Industry Trends

    The Catering Services industry has grown strongly over the past five years. Industry revenue is expected to rise by an annualised 3.6% over the five years through 2017-18. Steady demand growth from households has supported industry performance. Rising consumer sentiment has resulted in households boosting expenditure on special occasions such as weddings, engagements, birthdays, and Christmas and New Year parties. This has subsequently resulted in stronger demand for catering services at these events and functions. Furthermore, real household discretionary income has also risen over the five-year period, providing consumers with greater purchasing power to spend on discretionary services such as catering...

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    Industry Report - Industry Investment Chapter

    The Catering Services industry has low capital intensity. For every dollar spent on capital costs in the industry, $13.54 is expected to be spent on wages. The industry is highly labour intensive and relies on staff for food and beverage ordering and preparation, cooking, serving and cleaning. Staff are also required for back office and administration duties. The industry heavily relies on casual and temporary staff, ensuring that wages remain flexible and can be adjusted based on customer demand, keeping average wages low.

    Depreciation costs are low and incurred on equipment used by catering firms. Larger catering companies generally have higher capital costs due to the greater amount of equipment required to service major events. Ind..

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    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 compete on tender
  • Ability to control stock on hand
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Consumer sentiment index in the Catering Services industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Catering Services in New Zealand Industry?

    The industry provides catering services at specified locations or events. Meals and snacks may be transported or prepared and served on or off the premises, as required by the client.

    Industry Products
    Private event catering
    Corporate catering
    Airline catering
    Other services
    Industry Activities
    Airline catering service
    Catering service operation
    Mobile catering service
    Event catering service

    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 sentiment index
  • Aircraft kilometres flown
  • Real household discretionary income

  • Current Performance
  • Industry demand
  • Profit margins
  • Industry participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Consumer demand
  • Industry profit
  • Industry structure
  • Competition
  • 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
  • Airlines in New Zealand
  • Consumers in New Zealand

  • Key Selling Industries
  • Fruit and Vegetable Wholesaling in New Zealand
  • Meat, Poultry and Smallgoods Wholesaling in New Zealand
  • Temporary Staff Services in New Zealand

  • Products & Services
  • Corporate catering
  • Private event catering
  • Airline catering
  • Other services
  • Chart: Catering Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Businesses
  • Households
  • Other markets
  • 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
  • Chart: Cost Structure Benchmarking – Sector vs Catering Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Catering Services Industry

  • Industry Globalization
    Major Companies
    LSG Sky Chefs New Zealand LimitedCompass Group New Zealand LimitedSpotless Holdings (NZ) Limited
  • Table: LSG Sky Chefs New Zealand Limited - financial performance
  • Table: Compass Group New Zealand Limited - financial performance
  • Table: Spotless Holdings (NZ) Limited - financial performance

  • 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Cook-Chill
  • Snap-freezing of prepared meals to maintain flavour and freshness.
  • Food Service
  • Providing customers with prepared food and beverages.
  • Full-Service Contract
  • Contracts that incorporate catering functions with other services, such as security, building repairs and cleaning services.
  • 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 in New Zealand:
    • 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 in New Zealand 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 New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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