India Catering Services Market Outlook to 2027F

The report provides a comprehensive analysis of the potential of the catering services industry in India. The report covers an overview and genesis of the industry along with market size in terms of revenue generated.

Its market segmentations include By Type, By structure, and By End Users; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to publisher estimates, India Catering Services Market grew from approximately USD ~ Bn in 2017 to approximately USD ~ Bn in 2022 is forecasted to grow further into USD ~ Bn opportunity by 2027F, owing to the establishment of a large number of malls, schools, tourism, and the increase of tourism in the country.

Catering Service companies are beginning to offer products that capitalize on this interest in vegan and vegetarian products in India, which in turn is set to boost the growth of the catering service market in the country.

To run a food catering business in India, it is mandatory to obtain the FSSAI license to continue activities related to any stage of manufacturing, storage, packaging, processing, catering services, import and includes catering services, food services, sale of food as well as the sale of food ingredients.

Key Trends by Market Segment:

• By Type: The contract catering services in India were mainly dominated by 1 yearlong contracts as they accounted for ~% of the catering contracts revenue in 2022 as the customers initially look for good quality catering service. Once satisfied with the services, they tend to renew the contracts after 1 year

The event and marriage sector has accounted for the revenue share of ~% in catering services. The establishment of a large number of malls, schools, companies, colleges, IT parks, factories, and hospitals will widen the scope of the food catering business in India.

Competitive Landscape

Future Outlook

The India Catering Services Market is projected to show significant growth in the coming years. It is expected to be driven by quickly developing business-to-business (B2B) events sector and food and beverage services being offered at a growing number of corporate events. Growing health consciousness such as being vegan and eating green food in Indian cuisines is affecting an individual order pattern which is one of the major driving forces creating demand for catering services in the country.

Moreover, the market for catering services will be growing because of factors including hectic lifestyles and difficulties associated with cooking at home. Also, hotels and restaurants are coming up with innovative catering services, which are expected to fuel the catering service industry. The market will also expand because of the increased focus on implementing technology to enhance the customer experience and minimize time spent waiting for food. Specialized catering services are increasing in demand as global multinational corporations are quickly expanding in emerging regions of India.

 

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