PUBLISHER: Market Research Future | PRODUCT CODE: 1596039
PUBLISHER: Market Research Future | PRODUCT CODE: 1596039
India Food Outsourced Service Market Research Report Data Analysis by Structure (Chained Outlets and Independent Outlets), by Kitchen Type (In-Built Kitchen/On-Site and CPU Kitchen (Central Production Unit)/Off-Site) By End User (Healthcare, Educational, Corporate, Travel & Leisure, and Others) Forecast to 2032
With a CAGR of 10.87%, the India Outsourced Food Service Market is anticipated to grow significantly over the study period. By the conclusion of the projection period (2024-2032), the market is anticipated to have grown from its 2023 valuation of USD 17.74 billion to USD 43.83 billion.
Any business that serves prepared food for final consumption is typically considered to be in the food service industry. Food products that have been manufactured, processed, or removed from their raw state are then internally prepared in this industry. Although other company models offer greater chunks, single parts of the final product are frequently sold. The industry where businesses hire outside suppliers to run and oversee their food service operations is known as the outsourced food service market. This industry offers advantages including cost savings, better food quality, and adherence to health and safety regulations to a variety of organizations, including schools, hospitals, business offices, and sports arenas. The market has difficulties in sustaining quality and satisfying a range of dietary requirements, despite being propelled by the desire for convenience, expert management, and the trend of concentrating on core capabilities. Increased safety and hygiene regulations, technological integration, and sustainable and healthful food options are some of the major themes.
Segmentation the Market
The Indian market for outsourced food service has been divided into independent and chained establishments based on structure. Due to the increasing growth of chained outlets throughout the nation, the chained outlet sector accounted for a sizeable portion of the India outsourced food service market in 2023.
The Indian outsourced food service market has been divided into two segments based on the kind of kitchen: CPU kitchen (central production unit)/off-site and in-built kitchen/on-site.
The Indian outsourced food service market has been divided into several segments based on the end user, including corporate, healthcare, education, travel & leisure, and others.
The Indian Hotels Company Limited (IHCL), Foodlink F&B Holdings India Pvt. Ltd., Elior Group, Radisson Hospitality, Barbeque Nation, Sodexo, Compass Group PLC, and LSG Group are the major participants in the market.