A process for preparing a silica-titania catalyst by adding an acidic solution containing a silicon compound such as sodium silicate and a titanium compound such as titanium sulfate dissolved therein to a solution of a compound such as ammonium bicarbonate to bring about co-precipitation, in which the acidic solution is a highly concentrated nitric acid-acidic or sulfuric acid-acidic solution, and a ratio of the dissolved titanium compound in the acidic solution is regulated in a certain range.According to this process, a catalyst capable of exerting a high performance in an esterification reaction and the like can be efficiently obtained.