Press Release Description
A USD 3.5 Billion Brazil Catering Market to Grow at a CAGR of Around 7.5% During 2025-30
The Brazil Catering Market size is valued at about USD3.5 billion in 2024 and is anticipated to reach about USD5.1 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The main rationale for the growth is the increase in demand for catering services from its end users. In particular, the expansion in the corporates, healthcare, education, oil & gas, and others. Over the last five years, the country has witnessed an expansion in the number of corporations and organizations and their employees. The growth in healthcare is due to the rapidly growing problem of obesity and overweight and its consequential health problems such as strokes. The growth in healthcare has further boosted the demand for catering services in the healthcare sector of Brazil.
Furthermore, the government of Brazil’s National School Feeding Program, which mandatorily provides meals in the school and educational institutes will continue to drive the market’s growth. Apart from this, the increasing investments in the oil & gas sector will expand the sector. The investments, which are estimated to be more than USD400 billion, will lead to oil & gas exploration and production and most of the oil & gas production happens on offshore oil & gas rigs wells. This will increase the demand for quality and healthy food in offshore oil & gas production facilities. The overall growth of the country’s economy due to rising economic activities in the country would further fuel the growth in the catering industry over the forecasted period, further states the research report, “Brazil Catering Market Analysis, 2025.”
Segmentation Analysis
Outsourced Catering is the Most Preferred Service Type in the Market
Based on the type, the Brazil Catering Market is further bifurcated into, outsourced and in-house. Outsourced catering holds the biggest share in the Brazil Catering Market. This is mainly due to the increase in demand from the end-users to provide healthy food and the associated services in the corporate offices and the canteens of organizations. The outsourced segment is further divided into contractual and non-contractual, hence allowing the segment greater flexibility. This inherent flexibility allows catering companies in Brazil to provide food services to individuals on special events and occasions. Furthermore, it will also allow these companies to come under a short or long-term contract that lets the catering companies with the recurring demand while decreasing the competitive pressure on the companies in the catering market of Brazil.
Southeast Region Generates Maximum Revenue Growth
The southeast region of Brazil contributes around 60% of the country’s GDP and has 44% of the country’s population. This is largely due to the region housing cities like São Paulo, which is the financial capital of Brazil, and the major offshore oil and gas wells. The economic activities in the region are due to the presence of more than 5.4 million enterprises and organizations. These enterprises employ more than 31.9 million individuals in the region. When delving deeper it was observed that more than 21 million of these employees are from the manufacturing industries, motor vehicle & motorcycle repair, administrative activities & complimentary services, public administration, defense & social security, and healthcare & social service. These sectors and industries are the primary and the major end users of the Brazil Catering Market. These developments have led to an increase in the demand for catering services. Therefore, the region accounts for around, more than 30% of the market share.
Competitive Landscape
With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Grupo GPS, Sodexo (Brazil), Apetece, Agile Corp, Provare Alimentacao, Bread & Company, CIS Brasil, Imperatriz Festas, Uniflex Group, BREEZE, and others are looking forward to strengthening their market positions.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the country?
- How has the industry been evolving in terms of geography & service adoption?
- How has the competition been shaping up across the country?
- How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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