Market Dynamics:
The contract catering market is expected to witness significant growth owing to rising demand from corporate offices and educational institutions. According to recent studies, around 70% of mid to large-sized corporate offices outsource their food services to contract caterers. This can be attributed to benefits such as reduced operational costs, standardized food quality, and focus on core business operations. Furthermore, growing enrollment in schools and colleges has increased the demand for catering services in educational institutions. Another major growth driver is rising number of patients and senior living facilities which require catering services on a regular basis. However, price fluctuations of raw materials may pose a challenge to market players. Nonetheless, focus on menus highlighting local & seasonal ingredients as well as healthier options is expected to create lucrative growth opportunities over the forecast period.

Key Takeaways
The Global Contract Catering Market Size is expected to witness high growth, exhibiting a CAGR of 4.9% over the forecast period, due to increasing preference for outsourcing non-core services. Rapid urbanization coupled with rising disposable income will drive the need for catering services across offices, healthcare facilities and educational institutions. 

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