Press Release

India Catering Market to Flourish at a CAGR of Around 6.1% by 2030

The India Catering Market is estimated to grow at a CAGR of around 6.1 % during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. Several reasons are contributing to the growth of India's Catering Market, such as family parties, weddings, and corporate functions like events and meetings. With an enhanced lifestyle driven by an increasing disposable income rate of 14.5 % for the year 2022-23, consumers are prioritizing quality food and professional catering services. Consumers prefer to spend more on distinct tastes and a variety of cuisine options, further creating professional and well-organized catering services. Additionally, the hospitality sector also elevating the demand for catering services due to increasing business travel, rising tourism rate, and the development of new hotels are restaurants in the country.

Furthermore, the market is offering ample growth opportunities by integrating innovative technology in catering services by enhancing customer experience. Additionally, by offering untapped traditional and regional cuisine, catering companies can attract a wide range of consumers and increase their revenue. The market is presenting opportunities in a few more sectors such as like Airline industry. Catering businesses are collaborating with airlines and railways as passengers demand fresh meals during travel. Besides this, consumers are shifting towards vegan and green foods considering environmental impacts especially the generation Z and urban population. The growing awareness of health and wellness among this generation demands eco-friendly catering services including plant-based dishes. Various catering companies are serving vegan and plant-based foods to align with consumer preferences and dietary needs, propelling the Indian Catering Market growth, further states the research report, “The India Catering Market Analysis, 2024”.

India Catering Market Segmentation Analysis:

Outsourced Segment Holds the Largest Share of the Market.

The outsourced segment is currently leading the India Catering Market by capturing approximately 60% of the total market share. The contractual model is being used widely with corporate clients, educational events, and various event organizations. It is a long-term agreement to meet the specific needs and service standards of the clients and employees. For smaller gatherings or events non-contractual outsourced segment has also contributed to the growth of the market. The contractual segment includes formal agreements with legal obligations for both parties. It also offers a pre-defined scope of services, performance metrics, risk management, and cost structures. While in the non-contractual segment, the services are provided based on brand value and trust.

Client Pay B2B Dominate the India Catering Market.

In India Catering Market Client Pay B2B (Business-to-Business) holds almost 70% of the market share. This segment is driven by the increasing demand for several corporate functions like meetings, events, or employee gatherings. Companies are focusing on providing quality meals to their employees to maintain their good mental and physical health. To meet the unique needs of the business this segment often involves contractual agreements for a long-term commitment. Professional catering services are being prioritized by the businesses for organized and proper food management. With the continuously evolving corporate culture, this B2B segment is expected to grow in the forecasted period.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, 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 are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & service adoption?
5. What key factors would propel and impede the industry across the region?
6. How have the buying behavior, customer inclination, and expectations from product manufacturers been evolving from 2020 to 2030?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?