Written by Wasi » Updated on: February 21st, 2025
Companies leading with India Catering market are Compass Group, Levy, Smart Q, Hunger Box, Elior Group, LSG Sky Chefs, Delaware North, Spectra, CaterNinja, Biryani By Kilo, Spice Grill Flame (SGF), and others.
According to Markntel Advisors Insights, India Catering Market is estimated to grow at a CAGR of around 6.1 % during the forecast period, i.e., 2025-30. Markntel Advisors is a leading consulting, data analytics, and market research firm, that offers analytical reports with in-depth market insights. The report is further bifurcated as, By Type (Outsourced [Contractual, Non Contractual], In-House), By End User (Corporate sector [Outsourced, In-House], Education [Outsourced, In-House], Healthcare [Outsourced, In-House], Oil & Gas [Outsourced, In-House], Defense & Law Enforcement [Outsourced, In-House], Government [Outsourced, In-House], Mining & EPC [Outsourced, In-House], Events [Personal Events, Business Events], Construction Industry [Outsourced, In-House], Sports & Leisure [Outsourced, In-House], Prisons [Outsourced, In-House], Others [Outsourced, In-House]), By Model (Client Pay B2B, Consumer Pays/Retail/B2C) and others.
The growth is further fueled by rising increments in events and celebrations. According to the Confederation of ALL India Traders (CAIT), it is estimated that 48 lakh weddings will take place nationwide in November and December 2024. This signifies that the industry has witnessed lucrative growth and demand in the historical years. Additionally, the catering service in the hospital sector is also playing a crucial role in the Indian catering market.
Historical Years: 2020-23
Base Years: 2024
Forecast Years: 2025-30
CAGR: 6.1%
Report Coverage: Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends
Segments Covered: Type, Form, End User, and Model
Regions Covered: North, East, South, and West
The stringent regulations for maintaining standards for food safety are expected to hinder the industry's growth. The catering business has to follow state government regulations for food security, resulting in increasing operational costs. Proper maintenance of documentation and licenses to avoid penalties owing to changing regulations at both the national and state levels, raises the spending. Therefore, restricting the expansion of the catering industry across the country.
However, the India catering market is also witnessing a huge upsurge owing to the rising partnership and collaboration with event planners and venues. This facilitates catering services to offer all-inclusive packages that cover not only food but also staffing, logistics, and décor meeting the growing demand for flawless event experiences. Through the utilization of these collaborations, catering companies can establish themselves as essential participants in the event management ecosystem propelling expansion and creativity.
The outsourced segment is further bifurcated into contractual and non-contractual models, out of which the share of the contractual model is more than the non-contractual model. Contractual catering is a long-term agreement with corporate clients, educational events, and various event organizations to meet specific requirements. This catering involves a pre-defined scope of services, performance metrics, risk management, and cost structures, providing both parties with legal protections. Therefore, it is expected that the segment is gaining traction in the upcoming years as well.
Based on Form, the client pay B2B segment is leading the catering industry owing to the growing need for professional catering services for various corporate functions, meetings, and events. The prominent businesses necessitate professional catering for various corporate functions, bolstering the India Catering Market growth.
The India Catering market is expected to experience lucrative growth with the increasing number of students opting for higher education, coupled with the growing future trends in the healthcare catering market. Additionally, the mounting use of mobile apps and online ordering, sustainability, and eco-friendly practices align with the consumer demand for environmentally conscious options. Market players can enhance their market size and revenue by meeting the changing market dynamics and evolving consumer expectations, which would eventually augment the size and volume of the entire industry at national level.
Company Name: MarkNtel Advisors
Email: [email protected]
Phone: +1 628 895 8081, +91 120 4278433
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh - 201301, India
Website: www.marknteladvisors.com/
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