MarkNtel Advisors recently published a detailed industry analysis of the India Catering Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
India Catering Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The India Catering Market is estimated to grow at a CAGR of around 6.1 % during the forecast period, i.e., 2025-30.
What are the major Driver the India Catering industry?
Driving Growth Through Increase in Events and Celebrations – The increase in events and celebrations is the main factor driving the notable expansion of the Indian catering industry. Feasts are emphasized in India’s rich cultural pattern with social gatherings, festivals, and weddings all playing significant roles in people’s lives. As disposable incomes rise at a rate of 14.5 percent for the year 2022-23, more families are prepared to spend money on premium catering for these events. Additionally, the variety of events from wedding celebrations to business gatherings, offers caterers numerous chances to reach a range of markets. In India, there are about 10 million weddings annually with about 80% of them being Hindu weddings that require well-coordinated catering services.
Moreover, various sports events are also amplifying the Indian Catering Market growth. Furthermore, the expansion of the corporate sector creates a consistent need for catering services at events and meetings. Many people now prefer hiring professional caterers for big events due to health and safety concerns. When taken as a whole these elements are driving the Indian catering industry ahead indicating a rising desire for outside food services that improve festivities. For instance,
- As per the Confederation of All India Traders (CAIT), It is estimated that 48 lakh weddings will take place nationwide in November and December 2024.
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What segments define the India Catering Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
By Type
- Outsourced
- Contractual – Market Size & Forecast 2020-2030F, USD Million
- Non Contractual – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
According to report, The outsourced segment, particularly the contractual model is the leading segment in the Indian Catering Market with more than 60% of the market share.
By End User
- Corporate sector
- Outsourced – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
- Education
- Outsourced – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
- Healthcare
- Outsourced – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
- Oil & Gas
- Outsourced – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
- Defense & Law Enforcement
- Outsourced – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
- Government
- Outsourced – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
- Mining & EPC
- Outsourced – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
- Events
- Personal Events
- Outsourced – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
- Business Events
- Outsourced – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
- Personal Events
- Construction Industry
- Outsourced – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
- Sports & Leisure
- Outsourced – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
- Prisons
- Outsourced – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
- Others (Retail, Manufacturing, Aviation, etc.)
- Outsourced – Market Size & Forecast 2020-2030F, USD Million
- In-House- Market Size & Forecast 2020-2030F, USD Million
By Model
- Client Pay B2B – Market Size & Forecast 2020-2030F, USD Million
- Consumer Pays/Retail/B2C – Market Size & Forecast 2020-2030F, USD Million
According to report, Client Pay B2B (Business-to-Business) segment is dominating the India Catering Market, accounting for approximately 60-70% of the total market share.
Geographical Analysis: India Catering Market
By Region
- North
- East
- South
- West
Explore the Complete India Catering Market Analysis Report – https://www.marknteladvisors.com/research-library/india-catering-market.html
India Catering Market Share & Competitive Landscape:
The India Catering Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the 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)
India Catering Market Industry Recent Development:
- March 2024, Levy has partnered with the Baltimore Ravens to become the team’s official food beverage, and hospitality (FandB) partner for M&T Bank Stadium Hospitality.
- January 2024, Elior India Inaugurates State-of-the-Art Kitchen Facility in Hyderabad. This kitchen is built on 20,000 sq ft with the capacity of 25000 meals which can be scaled up to 30,000 meals.
Questions Addressed in this Study
1.What factors are driving the India Catering Market growth?
2.How is the India Catering Market expected to grow over the next five years?
3.What are the key insights into the current trends in the India Catering Market?
4.What is the current size of the India Catering Market, and how is it projected to change in the future?
6.What is the future outlook for the India Catering Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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