Fancy that: Premiumisation and demand from corporate events support revenue growth

A hunger for gourmet catering has driven growth in the Event Catering Services industry over the past five years. In particular, consumer demand for premium-quality food and food service has boosted industry revenue over the period. This trend towards premiumisation in catering has pushed prices upwards, as consumers have become more willing to pay higher prices for on-trend food. Despite these positive trends, rising competition from an increasing number of cafes and restaurants that offer catering services has limited industry revenue growth over the past five years. Overall, industry revenue is expected to grow at an annualised 0.4% over the five years through 2018-19, to $3.5 billion. This includes anticipated growth of 1.9% in the current more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Increased demand for premium catering services has supported industry revenue
  • Industry operators have faced strong competition from rival hospitality industries
  • Hiring caterers for smaller family events is anticipated to become more popular over the period
  • Industry Report - Industry Locations Chapter

    The geographic spread of the industry is closely correlated with population, income distribution and general economic activity. Industry players are generally located near key markets such as consumers, businesses and governments. Consequently, the industry is heavily concentrated in the highly populous eastern seaboard states, with New South Wales, Victoria, and Queensland accounting for just over 80% of establishments. New South Wales and Victoria are overrepresented when compared with their respective population shares. These states are home to a significant proportion of Australian businesses and also host many large events, such as the AFL Grand Final and the Australian Open...purchase to read more.

    Additional Insights for the Event Catering Services Industry

    IBISWorld has determined the most important Key Success Factors for the Event Catering Services are:

  • Access to multiskilled and flexible workforce
  • Effective quality control
  • Ability to manage contracts
  • IBISWorld analysts also discuss how external factors such as Demand from restaurants 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. The industry excludes food prepared for resale, contract catering services and food van operations.

    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
  • Demand from restaurants
  • Real household discretionary income
  • Number of marriages
  • Business confidence index

  • 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
  • Chart: Cost Structure Benchmarking – Sector vs Event Catering Services

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

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

  • 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • The snap-freezing of prepared meals to maintain flavour and freshness for later reheating or further cooking.
  • Food Service
  • The provision of prepared food and beverages to clients.
  • Food Standards Australia New Zealand
  • The agency responsible for developing and administering requirements for food safety in Australia and New Zealand.
  • What Our Customers Say

    Why buy this report?

    The Event Catering Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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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