Bon appetit: Revenue has grown strongly due to companies increasingly outsourcing catering

The Corporate Catering Services industry has grown strongly over the past five years, driven by increasing demand from the Mining division, and an increasing trend of outsourcing catering. Industry revenue is expected to rise at an annualised 5.0% over the five years through 2017-18, to total $4.6 billion. This includes expected industry revenue growth of 2.0% in 2017-18. Instability in financial markets and weak business confidence caused many companies to reduce discretionary spending and seek efficiency gains in 2012-13 and 2015-16. While this trend reduced demand for some industry services, a trend towards contracting specialist catering firms has offset this reduced demand. Companies have increasingly outsourced catering services to focus on their core more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Companies have increasingly outsourced catering services, supporting the industry
  • Outsourcing to professional catering firms has been partly driven by increased regulation
  • Despite continued demand from the resources sector, the market has become increasingly saturated
  • Industry Report - Industry Investment Chapter

    The Corporate Catering Services industry has low capital intensity. IBISWorld estimates that for every dollar spent on capital costs, $11.50 is spent on wages. Corporate catering providers typically require high labour input across all areas of their operations. Labour is required for food preparation, transportation, food service and cleaning. Additionally, the industry requires significant labour input across areas of customer service, sales and administration. The industry's high reliance on labour significantly decreases its capital intensity.Industry operators require some capital investment to operate successfully. Ind...purchase to read more.

    Additional Insights for the Corporate Catering Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Corporate Catering Services Industry are

  • Ability to compete on tender
  • Effective quality control
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Government consumption expenditure in the Corporate Catering Services industry impact industry performance..

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    What's in this report

    What is the Corporate Catering Services Industry?

    The industry consists of firms that perform catering services for corporate clients, including businesses and government departments.

    Industry Products
  • Corporate functions
  • Corporate canteen services
  • On-premises catering
  • Industry Activities
  • Catering for corporate clients
  • Catering for government clients
  • Corporate event catering
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business confidence index
  • Government consumption expenditure
  • Number of businesses
  • Demand from restaurants

  • Current Performance
  • Profitability
  • Diversification
  • Chart: Revenue Growth

  • Industry Outlook
  • Profitability
  • Opportunities and threats
  • Table: Corporate Catering Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Corporate Catering Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Manufacturing
  • Professional, Scientific and Technical Services
  • Public Administration and Safety

  • Key Selling Industries
  • Dairy Produce Wholesaling
  • Fruit and Vegetable Wholesaling
  • Meat, Poultry and Smallgoods Wholesaling
  • Temporary Staff Services

  • Products & Services
  • On-premises catering
  • Corporate functions
  • Corporate canteen services
  • Chart: Corporate Catering Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Businesses
  • Government
  • Mining firms
  • Chart: Major Market Segmentation for the Corporate Catering Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Corporate Catering Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Corporate Catering Services Industry

  • Industry Globalization
    Compass Group (Australia) Pty Ltd, Spotless Group Holdings Limited, Sodexo Australia Pty Limited,
  • Table: Compass Group (Australia) Pty Ltd - financial performance
  • Table: Spotless Group Holdings Limited - financial performance
  • Table: Sodexo Australia Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Corporate 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
    Table: Industry Data for the Corporate Catering Services Industry
  • 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
    Fly-In Fly-Out
  • This refers to mining employees who fly in to work on a project, live on site (often for a month at a time) before returning home.
  • Facilities Management
  • A discipline devoted to the smooth running and operations of assets or facilities, such as a mining site or utility.
  • Full-Service Contract
  • The supply of a variety of services across different departments, charging the client with one bill.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Corporate 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.

    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 Corporate 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 Corporate 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 Corporate 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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