India Catering Services Market Outlook to 2027F
By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering
Region:Asia
Product Code:KROD122
January 2023
70
About the Report
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 Ken Research estimates, India’s 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.
By End-Users: 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’s 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.
Scope of the Report
|
By Type |
Contract catering Non-Contract catering |
|
By Length of Contract |
Short-Term 1 year More than 1 year |
|
By End Users |
Industrial Government In-Flight Corporate Education Event Healthcare Others |
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Airline Catering Companies
- Fine Dining Caterers
- School Caterers
- Hotels
- Industrial Caterers
- Government Bodies
- Facility Management Companies
- Industries
- Schools
- Hospitals
Time Period Captured in the Report
- Historical Year: 2017-2022
- Base Year: 2022
- Forecast Period: 2022– 2027F
Companies
Major Players Mentioned in the Report
- Sodexo
- Compass India
- Box8
- Levy
- HungerBox
- LSG Sky Chefs
- ABC Corp
- Morrison Healthcare
- Elior Group
- Gate Gourmet
- Chartwells Higher Education Dining Services
- Canteen
- Restaurant Associates
- Cavier
- Hot Dog on a Stick
- Gulf Catering Co.
Table of Contents
1. Executive Summary
2. India Catering Market Overview
2.1 Taxonomy of India Catering Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for India Catering Market
2.5 Growth Drivers of India Catering Market
2.6 Issues and Challenges of India Catering Market
2.7 Impact of COVID-19 on India Catering Market
2.8 SWOT Analysis
3. India Catering Market Size, 2017 – 2022
4. India Catering Market Segmentation
4.1 By Catering Type, 2017 - 2022
4.2 By End-User, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 Sodexo
5.3.2 Compass India
5.3.3 Box8
5.3.4 Levy
5.3.5 HungerBox
5.3.6 LSG Sky Chefs
5.3.7 ABC Corp
6. India Catering Future Market Size, 2022 – 2027
7. India Catering Future Market Segmentation
7.1 By Catering Type, 2022 - 2027
7.2 By End-User, 2022 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around the market to collate industry-level information.
Step 2: Market Building:
Collating statistics on the number of catering companies, the price variation of the catering services in the market, the quality of the food, and consumer preferences. We will also review additional statistics to understand distribution channels and market structure which can ensure the accuracy of the data points shared.
Step 3: Validating and Finalizing:
Building market hypotheses and conducting CATIs with industry experts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Our team will approach multiple companies providing catering services and understand market structure, demands, consumer preference and other parameters which will support us validate statistics derived through the bottom-to-top approach from catering service providers.
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The India Catering Services Market is covered from 2017–2027 in this report, including a forecast for 2022-2027.
02 What is the Future Growth Rate of the India Catering Services Market?
The India Catering Services Market is expected to witness a CAGR of ~% over the next five years.
03 What are the Key Factors Driving the India Catering Services Market?
The rise in education, health, and defense sectors, growth in the mining division, and the increase in event culture.
04 Who are the Key Players in the India Catering Services Market?
Compass Group, Sodexo India, Gategroup are market leaders in India’s Catering Service Market.
Why Buy From Us?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.