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India Food Service Market Size, Share, Trends, Analysis: By Sector: Commercial, Non-Commercial; By Systems: Conventional Foodservice System, Centralised Foodservice System, Ready Prepared Foodservice System, Assembly-Serve Foodservice System; By Restaurants; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
India Food Service Market Size
The India food service market attained a value of around USD 65.89 billion in 2023. The market is projected to grow at a CAGR of 8.9% between 2024 and 2032 to reach USD 141.93 billion by 2032.
| India Food Service Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 65.89 |
| Market Size 2032 | USD Billion | 141.93 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 8.9% |
| CAGR 2024-2032 - Market by System | Centralised Foodservice System | 9.6% |
| CAGR 2024-2032 - Market by Restaurent | Fast Food Restaurants | 10.3% |
| CAGR 2024-2032 - Market by Region | North India | 10.1% |
| 2023 Market Share by Region | South India | 20.4% |
India Food Service Market Outlook
- The Indian population is expected to grow at a rate of 15%-20% over the forecast period.
- In 2023-24, the Indian economy recorded a growth rate of 7% from 2022-23.
- An average Indian consumes 30 cups of tea for each cup of coffee.
India Food Service Market Growth
In 2017-18, investments in the Indian food technology sector surged by over 400%, reaching US$ 370 million. The emergence of app-based food delivery systems like Swiggy and Zomato in India has driven the development of cloud kitchens, which provide consumers with simple homecooked food and premium meals. As per IBEF, there were 20,000 active cloud kitchens in Delhi in 2022, and they are expected to increase by 20% per annum.
Food retailers that serve ethnic Indian cuisines in organised setups are expected to witness great success in the market, as is illustrated by the rapid expansion of restaurant chains like Bikanervala and Haldirams. In the space of casual dining, restaurants serving regional cuisines from Kashmir, Tamil Nadu, and Kerala are expected to witness a surge in demand. Regional cuisines of Northeast, Himachal Pradesh, and Odisha are also expected to become popular in the forecast period.
Biryani has emerged as the most popular dish on online food delivery platforms like Swiggy and Uber Eats in India, with reported sales of over INR 2000 crore. Its popularity has surpassed the consumption of pizzas, burgers, and other fast-food items.
Some kitchen spaces use AI tools and robotic arms to prepare customised meals for consumers while requiring a significantly low investment. This is expected to significantly increase the efficiency of cloud kitchens, further driving their popularity in India.
India Food Service Industry Segmentation
India Food Service Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Sector
- Commercial
- Non-Commercial
Market Breakup by Systems
- Conventional Foodservice System
- Centralised Foodservice System
- Ready Prepared Foodservice System
- Assembly-Serve Foodservice System
| CAGR 2024-2032 - Market by | System |
| Centralised Foodservice System | 9.6% |
| Ready Prepared Foodservice System | 9.1% |
| Conventional Foodservice System | XX% |
| Assembly-Serve Foodservice System | XX% |
Market Breakup by Restaurants
- Fast Food Restaurants
- Full-Service Restaurants
- Limited-Service Restaurants
- Special Food Services Restaurants
| CAGR 2024-2032 - Market by | Restaurent |
| Fast Food Restaurants | 10.3% |
| Full-Service Restaurants | 9.5% |
| Limited-Service Restaurants | XX% |
| Special Food Services Restaurants | XX% |
Market Breakup by Region
- East India
- West and Central India
- North India
- South India
| CAGR 2024-2032 - Market by | Region |
| North India | 10.1% |
| West and Central India | 9.5% |
| East India | XX% |
| South India | XX% |
India Food Service Market Share
Based on restaurants, the market is divided into fast food restaurants, full-service restaurants, limited-service restaurants, and special food service restaurants. Over the forecast period of 2024-2032, fast food restaurants are estimated to grow at a CAGR of 10.3%, due to the increasing proportion of the younger generation demanding delectable convenience foods.
| 2023 Market Share by | Region |
| South India | 20.4% |
| West and Central India | XX% |
| East India | XX% |
| North India | XX% |
Leading Companies in the India Food Service Market
The market is expected to benefit immensely from the adoption of smart PoS systems, which can gather and analyse previous consumer purchases to enable restaurants to provide a personalised service to customers.
- McDonald’s Corporation
- Domino’s Pizza Inc.
- Yum! Brands, Inc.
- Burger King Corporation
- DD IP Holder LLC (Golden Donuts Inc)
- Tim Hortons Restaurants International GmbH
- J.CO Donuts & Coffee’s
- Nando’s
- Subway IP LLC
- Starbucks Corporation
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Sector |
|
| Breakup by Systems |
|
| Breakup by Restaurants |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
India Food Service Market Report Snapshots
India Food Service Market Size
India Food Service Market Growth
India Food Service Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Food Service Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Food Service Historical Market (2018-2023)
8.3 Asia Pacific Food Service Market Forecast (2024-2032)
9 India Food Service Market Overview
9.1 Key Industry Highlights
9.2 India Food Service Historical Market (2018-2023)
9.3 India Food Service Market Forecast (2024-2032)
10 India Food Service Market by Sector
10.1 Commercial
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Non-Commercial
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 India Food Service Market by Systems
11.1 Conventional Foodservice System
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Centralised Foodservice System
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Ready Prepared Foodservice System
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Assembly-Serve Foodservice System
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 India Food Service Market by Restaurants
12.1 Fast Food Restaurants
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Full-Service Restaurants
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Limited-Service Restaurants
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Special Food Services Restaurants
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
13 India Food Service Market by Region
13.1 East India
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 West and Central India
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 North India
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South India
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 McDonald’s Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Domino’s Pizza Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Yum! Brands, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Burger King Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 DD IP Holder LLC (Golden Donuts Inc)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Tim Hortons Restaurants International GmbH
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 J.CO Donuts & Coffee’s
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Nando’s
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Subway IP LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Starbucks Corporation
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Food Service Market: Key Industry Highlights, 2018 and 2032
2. India Food Service Market: Key Industry Highlights, 2018 and 2032
3. India Food Service Historical Market: Breakup by Sector (USD Billion), 2018-2023
4. India Food Service Market Forecast: Breakup by Sector (USD Billion), 2024-2032
5. India Food Service Historical Market: Breakup by Systems (USD Billion), 2018-2023
6. India Food Service Market Forecast: Breakup by Systems (USD Billion), 2024-2032
7. India Food Service Historical Market: Breakup by Restaurants (USD Billion), 2018-2023
8. India Food Service Market Forecast: Breakup by Restaurants (USD Billion), 2024-2032
9. India Food Service Historical Market: Breakup by Region (USD Billion), 2018-2023
10. India Food Service Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. India Food Service Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 65.89 billion in 2023.
The market is projected to grow at a CAGR of 8.9% between 2024 and 2032.
The market is assessed to witness healthy growth in the forecast period to reach around USD 141.93 billion in 2032.
The major sectors in the market include commercial and non-commercial.
The different systems in the market include conventional foodservice system, centralised foodservice system, ready prepared foodservice system, and assembly-serve foodservice system.
The different regions covered in the market report are East India, West and Central India, North India, and South India.
The key market players are McDonald’s Corporation, Domino’s Pizza Inc., Yum! Brands, Inc., Burger King Corporation, DD IP Holder LLC (Golden Donuts Inc), Tim Hortons Restaurants International GmbH, J.CO Donuts & Coffee’s, Nando’s, Subway IP LLC, Starbucks Corporation, among others.
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