Catering for quality: Premiumisation has increased industry revenue and profitability

A hunger for gourmet catering has driven growth in the Event Catering Services industry over the past five years. Consumer demand for premium-quality food and food service has benefited the industry over the period. The trend towards premiumisation in catering has pushed prices upwards, as consumers have become more willing to pay higher prices for on-trend food. Industry revenue is expected to grow at an annualised 2.9% over the five years through 2017-18, to total $3.1 billion. This includes forecast growth of 2.3% in the current year. Industry profitability has increased over the past five years, as operators have passed on increasing input costs and sought to limit wage cost more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Operators have increased profitability by limiting wage costs and passing on increasing input costs
  • Industry operators have faced strong competition from rival hospitality industries
  • Restaurants and cafes will provide a strong source of competition over the next five years
  • Industry Report - Industry Products Chapter

    Event catering companies cater for corporate and private events. A significant degree of industry revenue is also derived from weddings, where clients are likely to spend more than at other events.Corporate eventsCorporate events encompass all events paid for by businesses and the public sector. These events include internal business functions such as annual general meetings, product launches and end-of-year dinners. They also include external functions such as fundraisers and one-off social events. Corporate events are often fairly expensive for larger companies due to the number of people attending. Dem...purchase to read more.

    Additional Insights for the Event Catering Services Industry

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

  • Access to multiskilled and flexible workforce
  • Effective quality control
  • Ability to manage contracts
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Real household discretionary income in the Event Catering Services industry impact industry performance..

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    What's in this report

    What is the Event Catering Services Industry?

    Industry firms provide event catering services. This excludes food prepared for resale or contract catering services, and food van operation.

    Industry Products
  • Private events
  • Corporate events
  • Weddings
  • Industry Activities
  • Corporate event catering
  • Household event catering
  • Wedding 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
  • Real household discretionary income
  • Demand from restaurants
  • Number of marriages

  • Current Performance
  • Trading landscape
  • Competition
  • Profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand and profitability
  • Challenges
  • Opportunities
  • Table: Event Catering Services Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Consumers

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

  • Products & Services
  • Corporate events
  • Weddings
  • Private events
  • Chart: Event Catering Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers
  • Businesses and organisations
  • Government and education providers
  • Chart: Major Market Segmentation for the Event Catering Services Industry

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

  • Basis of Competition
  • Internal
  • External

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

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Event 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 Event 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
  • Snap-freezing of prepared meals to maintain flavour and freshness for later reheating or further cooking.
  • Food Service
  • Provision of prepared food and beverages to clients.
  • Function Centre
  • Locations that specialise in hosting events. These locations will typically have commercial kitchens on the premises and may have in-house catering.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Event Catering Services 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.

    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 Event 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 Event 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 Event 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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