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According to the latest research, the global Offshore Catering Services market size was valued at USD 6948.4 million in 2022 and is expected to expand at a CAGR of 6.97% during the forecast period, reaching USD 10412.8 million by 2028.
The term off-shoring has different meanings in different contexts. In regard to a catering business, companies that relocate their business processes in different countries or provide catering services and solutions offshore are termed offshore catering companies. Offshore catering means an establishment that offers remote site catering or housekeeping services or both to offshore platforms including rigs, barges, vessels, drilling installations, and subsea construction sites; The management and control of offshore catering companies are outside the jurisdiction of its primary location. These businesses are organized and maintained in offshore financial centers.
The ongoing outbreak of the COVID-19 pandemic has impacted the oil & gas industry considerably by disrupting global financial and commodity markets, a dramatic downfall in demand which has hampered the operations and supply chain of the oil & gas industry. Various oil & gas companies worldwide had to shut down their exploration projects and services as countries approached lockdown to deal with the pandemic. For instance, the International Energy Agency reported that oil demand is likely to decrease by 29 million barrels per day (BPD) in April 2020 and by 23.1 million BPD in the 2nd quarter. The Russia-Saudi oil price war owing to COVID-19 has become an obstacle, resulting in slashed production output and financial loss. However, other members of the OPEC countries have established a more flexible business model and better market opportunities for B2B and B2C customers. In addition, this trade war has raised economic conflicts, resulting in a massive price drop and disruption of the supply chain, which hampered the investment scenario, production cuts, and mostly the demand. Hence, it is projected to hamper the long-term impact in the offshore oil & gas industry during the forecasted period, which in turn, hindered the demand of the offshore catering services market.
Benefits of offshore catering services
For a mobile workforce, food becomes the most important factor for productivity as well as well-being. Traveling in sea or long hauls in abroad locations can leave anyone asking for regular food which one has grown up and get accustomed to. The absence of such basic requirements can leave the workforce dejected and listless. Therefore any business set up with a mobile workforce or foreign stays must hire an offshore catering company that can deliver quality food all the time with consistency in taste as well as hygiene.
Flourishing offshore oil and gas industry
The increased global consumption of petrochemical products, the vast surge in demand for power and fuel, and depleting reserves of traditional onshore oil and gas resources are compelling the global oil and gas industry to shift its focus to offshore oil and gas industry. The oil and gas industry are shifting toward deeper regions in search of oil and gas, in order to meet the increasing demand, which in turn, drives the demand for offshore catering services. Factors such as an increase in demand for advanced technology, tools, and equipment to increase the efficiency of exploration and production activities in onshore and offshore areas is expected to drive the market for offshore services such as offshore catering services. Various oil field service providers are investing deeply in offshore assets to increase their good productivity, reservoir performance, and overall life cycle of the well. This flourishing offshore oil and gas industry is central to the healthy growth prospects of the offshore catering services market.
Price competition
The price competition could impact suppliers' ability to implement price increases or, in some cases, such as during an industry downturn, maintain prices. In addition, when market conditions warrant, suppliers may need to reduce prices to build or maintain their market share. If suppliers are unable to increase or maintain prices for products, their profit margins could decline. Such decline will be compounded to the extent suppliers are unable to maintain or reduce the cost, which may be especially difficult in the current environment given the volatility of the commodities markets.
Region Overview:
In global comparison, a significant portion of the revenue was generated in Asia-Pacific (31.73% in 2022).
Company Overview:
Compass Group, Aramark, OSSA Offshore Catering, Al.Ma.Alimentari Marittimi and Global Offshore Logistics are the five key players in the global Offshore Catering Services market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Offshore Catering Services market in the past 5 years.
Compass Group
Compass Group plc is a British multinational contract foodservice company headquartered in Chertsey, England. It is the largest contract foodservice company in the world employing over 500,000 people. It serves meals in locations including offices and factories, schools, universities, hospitals, major sports and cultural venues, mining camps, correctional facilities and offshore oil platforms. Compass Group is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It is also a Fortune Global 500 company.
Aramark
Aramark Corporation, known commonly as Aramark, is an American food service, facilities, and uniform services provider to clients in areas including education, healthcare, business, prisons, and leisure. Aramark is in the customer service business across food, facilities and uniforms services to millions of people, in 19 countries around the world, every day.
Segmentation Overview:
Among different product types, Catering and Hotel Staff segment is anticipated to contribute the largest market share in 2028.
Application Overview:
In the Offshore Catering Services market, 63.87% of the total value was generated through the Offshore Oil segment by application in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Offshore Catering Services industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Offshore Catering Services. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Offshore Catering Services Market Report Include:
Market Size Estimates: Offshore Catering Services market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Offshore Catering Services market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Offshore Catering Services market
Segment Market Analysis: Offshore Catering Services market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Offshore Catering Services market situations and prospects in major and top regions and countries
Offshore Catering Services Market
Offshore Catering Services Industry Chain: Offshore Catering Services market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Offshore Catering Services Industry News, Policies by regions
Offshore Catering Services Industry Porters Five Forces Analysis
Key players in the global Offshore Catering Services market are covered in Chapter 2:
Al Kuhaimi
Compass Group
Alfa-Meli Sdn. Bhd.
Global Offshore Logistics
Trinity International Services Ltd.
OSSA Offshore Catering
Aramark
Bailey Support Services
FOSS & ESG
Oceanic
Tsebo
Conntrak Catering Services
Bayam Group
Northern Marine Group
Al.Ma.Alimentari Marittimi
Zodiac Marine Services
Oceanwide
Trail Network Sdn. Bhd.
Offshore Services of Acadiana, L.L.C.
MAKO COMPANIES
In Chapter 6 and Chapter 9, on the basis of types, the Offshore Catering Services market from 2018 to 2028 is primarily split into:
Catering and Hotel Staff
Supply of Food, Beverages and Bonded Stores
Galley Equipment and Design
Cleaning of Accommodation
In Chapter 7 and Chapter 10, on the basis of applications, the Offshore Catering Services market from 2018 to 2028 covers:
Offshore Oil
Navy
Entertainment
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Offshore Catering Services market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Offshore Catering Services industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Offshore Catering Services market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Offshore Catering Services industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Offshore Catering Services market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Offshore Catering Services market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Offshore Catering Services market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
The term off-shoring has different meanings in different contexts. In regard to a catering business, companies that relocate their business processes in different countries or provide catering services and solutions offshore are termed offshore catering companies. Offshore catering means an establishment that offers remote site catering or housekeeping services or both to offshore platforms including rigs, barges, vessels, drilling installations, and subsea construction sites; The management and control of offshore catering companies are outside the jurisdiction of its primary location. These businesses are organized and maintained in offshore financial centers.
The ongoing outbreak of the COVID-19 pandemic has impacted the oil & gas industry considerably by disrupting global financial and commodity markets, a dramatic downfall in demand which has hampered the operations and supply chain of the oil & gas industry. Various oil & gas companies worldwide had to shut down their exploration projects and services as countries approached lockdown to deal with the pandemic. For instance, the International Energy Agency reported that oil demand is likely to decrease by 29 million barrels per day (BPD) in April 2020 and by 23.1 million BPD in the 2nd quarter. The Russia-Saudi oil price war owing to COVID-19 has become an obstacle, resulting in slashed production output and financial loss. However, other members of the OPEC countries have established a more flexible business model and better market opportunities for B2B and B2C customers. In addition, this trade war has raised economic conflicts, resulting in a massive price drop and disruption of the supply chain, which hampered the investment scenario, production cuts, and mostly the demand. Hence, it is projected to hamper the long-term impact in the offshore oil & gas industry during the forecasted period, which in turn, hindered the demand of the offshore catering services market.
Benefits of offshore catering services
For a mobile workforce, food becomes the most important factor for productivity as well as well-being. Traveling in sea or long hauls in abroad locations can leave anyone asking for regular food which one has grown up and get accustomed to. The absence of such basic requirements can leave the workforce dejected and listless. Therefore any business set up with a mobile workforce or foreign stays must hire an offshore catering company that can deliver quality food all the time with consistency in taste as well as hygiene.
Flourishing offshore oil and gas industry
The increased global consumption of petrochemical products, the vast surge in demand for power and fuel, and depleting reserves of traditional onshore oil and gas resources are compelling the global oil and gas industry to shift its focus to offshore oil and gas industry. The oil and gas industry are shifting toward deeper regions in search of oil and gas, in order to meet the increasing demand, which in turn, drives the demand for offshore catering services. Factors such as an increase in demand for advanced technology, tools, and equipment to increase the efficiency of exploration and production activities in onshore and offshore areas is expected to drive the market for offshore services such as offshore catering services. Various oil field service providers are investing deeply in offshore assets to increase their good productivity, reservoir performance, and overall life cycle of the well. This flourishing offshore oil and gas industry is central to the healthy growth prospects of the offshore catering services market.
Price competition
The price competition could impact suppliers' ability to implement price increases or, in some cases, such as during an industry downturn, maintain prices. In addition, when market conditions warrant, suppliers may need to reduce prices to build or maintain their market share. If suppliers are unable to increase or maintain prices for products, their profit margins could decline. Such decline will be compounded to the extent suppliers are unable to maintain or reduce the cost, which may be especially difficult in the current environment given the volatility of the commodities markets.
Region Overview:
In global comparison, a significant portion of the revenue was generated in Asia-Pacific (31.73% in 2022).
Company Overview:
Compass Group, Aramark, OSSA Offshore Catering, Al.Ma.Alimentari Marittimi and Global Offshore Logistics are the five key players in the global Offshore Catering Services market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Offshore Catering Services market in the past 5 years.
Compass Group
Compass Group plc is a British multinational contract foodservice company headquartered in Chertsey, England. It is the largest contract foodservice company in the world employing over 500,000 people. It serves meals in locations including offices and factories, schools, universities, hospitals, major sports and cultural venues, mining camps, correctional facilities and offshore oil platforms. Compass Group is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It is also a Fortune Global 500 company.
Aramark
Aramark Corporation, known commonly as Aramark, is an American food service, facilities, and uniform services provider to clients in areas including education, healthcare, business, prisons, and leisure. Aramark is in the customer service business across food, facilities and uniforms services to millions of people, in 19 countries around the world, every day.
Segmentation Overview:
Among different product types, Catering and Hotel Staff segment is anticipated to contribute the largest market share in 2028.
Application Overview:
In the Offshore Catering Services market, 63.87% of the total value was generated through the Offshore Oil segment by application in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Offshore Catering Services industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Offshore Catering Services. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Offshore Catering Services Market Report Include:
Market Size Estimates: Offshore Catering Services market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Offshore Catering Services market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Offshore Catering Services market
Segment Market Analysis: Offshore Catering Services market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Offshore Catering Services market situations and prospects in major and top regions and countries
Offshore Catering Services Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Offshore Catering Services Industry Chain: Offshore Catering Services market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Offshore Catering Services Industry News, Policies by regions
Offshore Catering Services Industry Porters Five Forces Analysis
Key players in the global Offshore Catering Services market are covered in Chapter 2:
Al Kuhaimi
Compass Group
Alfa-Meli Sdn. Bhd.
Global Offshore Logistics
Trinity International Services Ltd.
OSSA Offshore Catering
Aramark
Bailey Support Services
FOSS & ESG
Oceanic
Tsebo
Conntrak Catering Services
Bayam Group
Northern Marine Group
Al.Ma.Alimentari Marittimi
Zodiac Marine Services
Oceanwide
Trail Network Sdn. Bhd.
Offshore Services of Acadiana, L.L.C.
MAKO COMPANIES
In Chapter 6 and Chapter 9, on the basis of types, the Offshore Catering Services market from 2018 to 2028 is primarily split into:
Catering and Hotel Staff
Supply of Food, Beverages and Bonded Stores
Galley Equipment and Design
Cleaning of Accommodation
In Chapter 7 and Chapter 10, on the basis of applications, the Offshore Catering Services market from 2018 to 2028 covers:
Offshore Oil
Navy
Entertainment
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Offshore Catering Services market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Offshore Catering Services industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Offshore Catering Services market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Offshore Catering Services industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Offshore Catering Services market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Offshore Catering Services market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Offshore Catering Services market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
