India's food service
market is anticipated to project robust growth in the forecast period with an
impressive CAGR of 11.19% and reach USD79.65 billion by 2028F on account of
changing lifestyles, rising health consciousness, a large number of youthful
and working population, who are well-traveled, have double incomes, and are
experimental as well as tech-smart, eat out more than their forefathers.
The online food delivery
segment in India operates mainly under two business models: Restaurant food
through consumer delivery, in which meals are ordered online through a
restaurant website and delivered directly by the restaurant without any intermediaries
(e.g., McDonald's, Domino's Pizza, Burger King). And another is through a
consumer delivery platform where the meals are booked online through a
third-party network that handles delivery independently of the restaurant
(e.g., Zomato, Swiggy, UberEATS).
In the Food Services
industry, a few important trends are gaining popularity. Consumers in cities
are beginning to adopt virtual kitchen. Ordering in has become a crucial part
of the dining experience, and several logistics companies are now offering
last-mile delivery services to restaurants.
With most individuals
working from home following the COVID-19 pandemic guidelines, the food service
sector has seen a subsequent decline in demand for food services in India.
People became more concerned about purchasing daily necessities and homemade
food due to the COVID-19 pandemic. Consumers have grown more health-conscious
due to the pandemic, and their preference for improved cleanliness habits is
projected to increase dramatically. As a result, all the restaurants and QSRs
are increasingly focusing on providing customers with a safe, clean, hygienic,
and healthy environment.
Higher Experiments in The Food Segment Drives
the Market Growth
The well-traveled, vibrant middle class,
which is exposed to global trends in terms of newer formats and cuisines, as
well as seamless interaction facilitated by the growth of multiple
communication channels such as the internet and mobile phones, is willing to
spend money on dining experiences similar to those found around the world. As a
result of these reasons, plenty of new restaurants have sprung up, serving
cuisines from far-flung areas of the country.
Growing Middle Class is Fueling the Market
Growth
An increase in households earning
between USD10,000 and USD50,000 per year will increase the group's indulgence
spending. This element is predicted to outpace the increased spending on eating
out, luxury goods, consumer durables, and other consumption categories. India
is expected to account for 23% of the global middle class. Furthermore, India's
working population favors all the food innovations to reduce the extra efforts,
and food service seems to be a more convenient factor nowadays.
Increasing
Share of Food Delivery and Take-away aids Market Growth
The rise in busy lifestyles and hectic
schedules of the population, expanding urbanization, quick access to mobile
phones, increasing use of e-Commerce, increasing demand for fast foods, and
expanding internet penetration for ordering food online have boosted various
food chain restaurants to incline towards online distribution channels to boost
their overall sales. Over the last several years, delivery aggregators such as
Zomato and Swiggy have expanded their presence in the Indian market,
contributing to its growth.

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Market Segmentation
The India food service market is
segmented based on market type, type, ownership, domestic vs. international
brands, region, and competitional landscape. Based on market type, the market
is divided into unorganized and organized segment. And the organized segment is
further segregated based upon type, the market is further fragmented into Dining
Service (Hotels, Restaurants), QSR (Quick Service Restaurants), PBCL (Pubs,
Bars, Clubs and Lounges), and Others (Cafeteria, Cloud Kitchen, Catering and
Vending). Based on ownership, the market is categories into Standalone Outlets
and Chained Outlets. The chained outlet category is further explained into
domestic and international brands.
Company Profiles
Jubilant
Foodworks Ltd (Domino's, Dunkin Donuts, Hong's Kitchen, Chef Boss, Ekdum!,
Popeyes, etc.), McDonald's India Private Limited, Haldiram Snacks Private
Limited, Devyani International Limited (KFC, Pizza Hut, Costa Coffee, Vaango,
etc.), Burger King India Limited, Barbeque-Nation Hospitality Limited, Rebel
Foods Private Limited, Coffee Day Enterprises Limited, Tata Starbucks Private
Limited, Bikanervala Foods Private Limited (BFPL), etc., are among the major market players in
the India food service market.
Attribute
|
Details
|
Market Size
Value in 2022
|
USD41.10 Billion
|
Revenue
Forecast in 2028F
|
USD79.65 Billion
|
Growth Rate
|
11.19%
|
Base Year
|
2022
|
Historical Years
|
2018 – 2021
|
Estimated
Year
|
2023E
|
Forecast
Period
|
2024F– 2028F
|
Quantitative
Units
|
Revenue in USD Billion, and
CAGR for 2018-2022 and 2023E-2028F
|
Report Coverage
|
Revenue forecast,
company share, competitive landscape, growth factors, and trends
|
Segments Covered
|
·
Market Type
·
Type
·
Ownership
·
Domestic Vs. International Brands
·
Region
·
Top 3 Leading States
·
Company
|
Regional Scope
|
North, West, South
& East
|
Key Companies
Profiled
|
Jubilant Foodworks Ltd (Domino's, Dunkin Donuts, Hong's Kitchen, Chef
Boss, Ekdum!, Popeyes, etc.), McDonald's India Private Limited, Haldiram
Snacks Private Limited, Devyani International Limited (KFC, Pizza Hut, Costa
Coffee, Vaango, etc.), Burger King India Limited, Barbeque-Nation Hospitality
Limited, Rebel Foods Private Limited, Coffee Day Enterprises Limited, Tata
Starbucks Private Limited, Bikanervala Foods Private Limited (BFPL).
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
Pricing and Purchase
Options
|
Avail customized
purchase options to meet your exact research needs. Explore purchase options
|
Delivery
Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request)
|
Report Scope:
In this report, India food service market
has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
- India Food Service Market, By Market Type:
- Unorganized
Segment
- Organized
Segment
- India Food Service Market, By Type:
- Dining Service (Hotels,
Restaurants)
- QSR (Quick Service Restaurants)
- PBCL (Pubs, Bars, Clubs and
Lounges)
- Others (Cafeteria, Cloud Kitchen,
Catering and Vending)
- India Food Service Market, By Ownership:
- Standalone Outlets
- Chained
Outlets
- India Food Service Market, By Domestic Vs. International
Brands:
- India Food service Market, By Region:
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India food service market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).