What is Horeca?
‘Horeca’ is used to signify the ‘ho’tel, ‘re’staurant and ‘ca’fe sectors. It is also written as ‘HoReCa’ to denote the three sectors that are represented by it. It is European in origin, and the ‘Ca’ can represent either café or catering.
Although ‘Horeca’ does not cover the entire food and hospitality sector, it is often used in the same sense. The HoReCa sector is one of the fastest-growing businesses in the world. The industry employs youngsters primarily, and the Indian Food and Beverage Industry is projected to grow by 2.5x to approximately ₹ 10,00,000 Crores by 2025.
Currently, the Indian consumer is becoming more health conscious; hence, their dining and snacking preferences have changed considerably in the past 2-3 years. They have also become more budget-conscious. Accordingly, the industry is undergoing a much-needed transformation.