| home | about us | contact us | site map | |||||
|
|||||
Food Service Contractors Industry Profile Excerpt
The food service contracting industry includes about 21,000 companies with combined annual revenue of $23 billion. Major companies include Compass Group North America, Aramark Refreshment Services, Delaware North, and Sodexo USA. The industry is highly concentrated: the 50 largest companies account for about 90 percent of revenue. Food service contractors provide restaurant, fast food, and cafeteria services to large businesses, institutions, and government agencies. This profile doesn't include food distributors, which supply food and equipment to restaurants. 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 industry is labor-intensive: average annual revenue per worker is only $50,000. PRODUCTS, OPERATIONS & TECHNOLOGY Major products are meals consumed on-premises (65 percent of revenue) and take-out food (30 percent). Other products include alcoholic drinks and grocery food items. Meals can vary depending on the setting and client, but typically focus on breakfast, lunch, and dinner standards. Food includes pizza, Mexican and Asian cuisine, sandwiches, salad bars, chicken, and hamburgers. Beverages include soft drinks, tea, coffee, bottled water, and juice. Food service contractors prepare and serve meals cafeteria-style; in bulk quantity to students, hospital patients, and prisoners; and in fast-casual or quickservice restaurants (QSR). Fast-casual and QSRs ...
Would you or your company benefit from having unlimited access to First Research’s industry intelligence tools? Click Here to find out more about Subscription options. |
|||||
| Copyright 2006, First Research, Inc., All Rights Reserved. Privacy Policy | |||||