India Catering Market Size Insights
According to MarkNtel Advisors study The future of India Catering Market is estimated to grow at a CAGR of around 6.1 % during the forecast period, i.e., 2025-30. The increase in events and celebrations is the main factor driving the notable expansion of the India Catering Market. Festivities are emphasized in India’s rich cultural tapestry with social gatherings festivals and weddings all playing significant roles in people's lives. Families are increasingly willing to spend on premium catering services for these events as their disposable incomes rise. In addition, the catering service in the hospital sector is also playing a significant role in the Indian catering market.
What are the Key Driver in the India Catering Market?
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.
What are the Key Segments in the India Catering Market?
The India Catering is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- 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
- 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
- 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
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How does geographical analysis highlight in the India Catering market?
- By Region
- North - Market Size Forecast 2020-2030F, USD Million
- East - Market Size Forecast 2020-2030F, USD Million
- South - Market Size Forecast 2020-2030F, USD Million
- West - Market Size Forecast 2020-2030F, USD Million
Who are the Key Players in India Catering Market?
- Compass Group
- Levy
- Smart Q
- Hunger Box
- Elior Group
- LSG Sky Chefs
- Delaware North
- Spectra
- CaterNinja
- Biryani By Kilo
- Spice Grill Flame (SGF)
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India Catering Market News
March 2024, Levy has partnered with the Baltimore Ravens to become the team's official food beverage, and hospitality (FandB) partner for MT 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.
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Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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