Brazil Catering Market Value Reached USD 5.1 billion Mark by 2030

RIYADH, Saudi Arabia - Jan. 10, 2025 - PRLog -- Markntel Advisors, a renowned consulting, data analytics, and market research firm, published an analytical report titled, Brazil Catering Industry. Additionally, the report demonstrates the operation of the players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the progress of the Brazil Catering industry. One of the leading market players Grupo GPS, a Brazilian conglomerate acquired a food service company GR Serviços e Alimentação (GRSA), and its subsidiaries from UK investor Compass Group.

According to the report, the Brazil Catering Market size is valued at around USD 3.5 Billion in 2024 and is projected to reach USD 5.1 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2025-30.

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Better Understanding of Catering

Catering involves the preparation of customized or tailored menus and food offerings, as per the client's event or occasional requirements. These clients are corporate offices, educational institutions, the healthcare industry, the maritime industry, personal events, governments, and other end users

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Key Takeaways

• Study Period: The Brazil Catering market report historical data – 2020-23, Base year –2024, and Forecast Period- 2025-30.
• Market Growth: The global industry is expected to grow at a CAGR of 7.5% during the forecast period, i.e., 2025-30.
• Growth Driver: The Brazil Catering market is expected to expand with the rapid growth in corporations and employees
• Growth Challenges: The Brazil Catering market is restricted by inflationary pressure on the catering market
• By Type: The outsourced segment led the market growth, owing to huge demand for healthy food services in the corporate offices and canteens of the end-user organizations
• By Location: -On-shore segment led the market growth, primarily due to the major end users of the catering market in Brazil, such as corporate offices, healthcare, education, and government being present onshore.

Frequently Asked Questions (FAQs)-

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 leading factors would propel and impede the industry across the Country?
4. How has the industry been evolving in terms of geography & Brazil Catering adoption?
5. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?