First Research US Industry Profile

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Food Service Contractors
SIC Codes: 5812
NAICS Codes: 722310
Last Quarterly Update: 8/1/2022
Companies in this industry contract to provide food services at commercial, institutional, and governmental locations. Major companies include Aramark and Delaware North (both based in the US), as well as Autogrill (Italy), Compass Group and SSP Group (both based in the UK), Elior Group and Sodexo (both based in France).
The global market for catering services and food contractors is about $250 billion in 2021 and is forecast to reach about $330 billion in 2025 at a 7% compound annual growth rate (CAGR), according to Globe Newswire.
The US food service contracting industry includes about 30,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $45 billion.
Competitive Landscape
Demand is driven by employment trends and consumer tastes. The profitability of individual companies depends on efficient operations and food quality. Large companies have advantages in economies of scale in food and equipment purchasing, off-site food preparation, and distribution. Small companies can compete effectively by specializing in unique food products or local markets. The US industry is highly concentrated: the 50 largest companies account for about 90% of revenue.
Products, Operations & Technology
Companies in this industry primarily get their revenues from meals, snacks and beverages for immediate consumption, which account for more than 95%. Other ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

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