Meal ticket: Rising demand from consumers for private catering has boosted industry revenue

The Catering Services industry has grown strongly over the past five years, with revenue expected to increase at an annualised 4.9% over the five years through 2019-20. Steady growth in demand from households has supported the industry's performance, as positive consumer sentiment has encouraged households to boost their expenditure on special occasions like weddings, engagements, birthdays and parties. This trend has subsequently resulted in stronger demand for catering services at these events and functions. Furthermore, household discretionary income has also risen over the past five years, providing consumers with greater purchasing power to spend on discretionary services such as catering...read more.

Industry Statistics & Market Size
Revenue
$809m
Annual Growth 15-20
4.9%
Forecast Growth 20-25
x.x%lock
Profit
x.x%lock
Employment
11,074
Businesses
849
Market Share of Companies

Industry Threats & Opportunities

  • Positive consumer sentiment has boosted household expenditure on special occasions
  • Many catering firms have focused on streamlining their operations and reducing costs where possible
  • Positive consumer sentiment will drive spending on catering at special events and functions

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    Industry Report - Industry Products Chapter

    The industry caters to a range of events, such as weddings, corporate functions and special occasions. It also provides catering services to airlines. Industry firms often provide services across a variety of segments.Corporate cateringThe industry provides catering services for corporate functions, annual meetings, end-of-year dinners and sponsored events. During periods of negative business confidence, companies often scale back expenditure on corporate functions and events. Consequently, this segment depends on business confidence. Overall, business confidence has been positive over most of the past five years. However, this segment has declined as a proportion of revenue over the period, due to stronger growth in other segments...purchase to read more.

    Additional Insights for the Catering Services Industry

    IBISWorld has determined the most important Key Success Factors for the Catering Services 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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    What's in this report

    Industry Products

    What is the Catering Services in New Zealand Industry?

    Industry firms primarily provide catering services at specific locations or events. Catering firms may transport meals and snacks to the venue, or prepare and serve them on the premises, as required by the client.

    Industry Products
  • Private event catering
  • Corporate catering
  • Airline catering
  • Other services
    • Industry Activities
  • Airline catering services
  • Catering service operations
  • Mobile catering services
  • Event catering services
    • 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
  • Demand from airlines
  • 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
  • Airline catering
  • Private event catering
  • Other services
  • Chart: Catering Services Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Businesses
  • Other markets
  • Households
  • 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
  • Internal competition
  • External competition

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

    • Industry Globalization

    Major Companies

    LSG Sky Chefs New Zealand Limited, Spotless Holdings (NZ) Limited, Compass Group New Zealand Limited,
  • Table: LSG Sky Chefs New Zealand Limited - financial performance
  • Table: Spotless Holdings (NZ) Limited - financial performance
  • Table: Compass Group New Zealand 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 (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

    • 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 for later reheating or further cooking.
    • 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.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Catering Services in New Zealand market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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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