The catering industry has rebounded strongly in recent years, with impressive growth projections:

• The global catering market is expected to reach $498 billion by 2032, growing at a CAGR of 5.3% from 2023 to 2032.
• The US catering market reached $72 billion in 2023 and is expected to grow at a 6.2% CAGR, reaching $124 billion by 2032.
• Catering accounts for 11% of the total food service industry revenue.

• 1. In 2013, the catering industry contributed over $45 billion to the economy.
• 2. The largest segment of the catering industry is provided by in-house services in grocery stores.
• 3. Independent catering companies were able to make over $8 billion in revenues in the last year alone.