Report Description

Forecast Period

2025-2029

Market Size (2023)

USD42.5 Billion

CAGR (2024-2029)

11.29%

Fastest Growing Segment

QSR (Quick Service Restaurants)

Largest Market

North


Market Overview

India Food Service Market has valued at USD42.5 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 11.29% through 2029. The India food service market is a vibrant and rapidly evolving industry that plays a pivotal role in the country's culinary landscape. This sector encompasses a wide range of establishments, from traditional street vendors to upscale fine-dining restaurants, and caters to the diverse tastes and preferences of India's vast and dynamic population. This overview provides a comprehensive insight into the key aspects of the India food service market.

One of the defining characteristics of the India food service market is its sheer diversity. The market encompasses a wide array of dining options, including street food stalls, fast-food chains, casual dining restaurants, cafes, fine-dining establishments, and even food delivery services. This diversity caters to the multifaceted culinary traditions and preferences of India's diverse population.

The India food service market has witnessed impressive growth in recent years, driven by factors such as urbanization, changing lifestyles, and a burgeoning middle class with disposable income. According to industry reports, the market is expected to continue expanding, driven by a growing demand for convenience, dining out experiences, and the increasing popularity of international cuisines.

India's food service market is a reflection of the country's rich culinary heritage. It showcases a wide variety of regional cuisines, each with its own unique flavors and specialties. From North Indian classics like butter chicken and naan to South Indian staples like dosa and idli, the market offers an extensive range of options to cater to the diverse palates of consumers.

While the India food service market presents immense growth opportunities, it also faces several challenges. The sector has been significantly impacted by the COVID-19 pandemic, with lockdowns and restrictions affecting restaurant operations. Additionally, maintaining consistent quality, food safety, and hygiene standards remains a critical challenge for the industry.

On the positive side, the increasing focus on health and wellness presents an opportunity for restaurants to introduce healthier menu options. Furthermore, the adoption of technology and digital solutions for online ordering and delivery services is expected to drive growth in the coming years.

Key Market Drivers

Demographic Dividend and Urbanization

One of the primary drivers propelling the growth of the food service market in India is its demographic dividend, characterized by a burgeoning young population. India has one of the youngest populations globally, with a significant portion of its people falling into the millennial and Gen Z categories. This youthful demographic has a penchant for dining out, seeking new culinary experiences, and embracing global cuisines.

Moreover, the rapid pace of urbanization has significantly altered the food consumption patterns in the country. As people migrate from rural areas to urban centers in search of better employment opportunities and improved standards of living, their lifestyles undergo a transformation. Urban dwellers often have busier schedules, leading to an increased reliance on food service establishments for convenient dining options.

The urban landscape is witnessing the proliferation of quick-service restaurants (QSRs), casual dining outlets, food courts in shopping malls, and delivery platforms. These establishments cater to the fast-paced urban lifestyle, offering a wide range of cuisines, from traditional Indian to international flavors. As India continues to urbanize, the food service market is expected to grow, offering a diverse and exciting array of dining experiences to meet the varied tastes of urban consumers.

Digitalization and Delivery Services

The advent of digital technology and the widespread penetration of smartphones have revolutionized the food service industry in India. Digitalization has had a profound impact on how consumers discover, order, and enjoy food.

Food delivery apps and online ordering platforms have gained immense popularity, enabling consumers to access a vast network of restaurants and eateries at their fingertips. The convenience of ordering food online, coupled with the proliferation of discounts and offers, has driven the growth of food delivery services in India.

Additionally, the rise of cloud kitchens, also known as ghost kitchens or dark kitchens, is another facet of the digitalization trend. These kitchens operate solely for online orders and delivery, bypassing the need for a traditional dine-in setup. This model allows for cost-effective food preparation and a focus on efficient delivery services.

The COVID-19 pandemic further accelerated the adoption of food delivery and digital payments, as safety concerns led more people to opt for contactless dining experiences. As a result, food service establishments that adapted quickly to this digital shift thrived, highlighting the importance of technology in the industry's growth.

Diverse Culinary Exploration and Innovation

Consumer palates in India have evolved significantly over the years. There is a growing appetite for diverse and global cuisines, driven by increased exposure to international flavors through travel, media, and the internet. This culinary curiosity has been a key driver of growth in the food service market.

Indian consumers are increasingly open to trying new cuisines, be it Thai, Mexican, Japanese, or Mediterranean. This trend has led to the emergence of specialty restaurants and fine dining establishments offering authentic international dishes. The fusion of global and regional Indian flavors has also gained traction, giving rise to a vibrant food scene that caters to a variety of tastes.

Furthermore, food service operators have been quick to innovate to meet evolving consumer preferences. Concepts like farm-to-table dining, organic and health-focused menus, and sustainable sourcing have gained popularity. Many restaurants now focus on offering unique dining experiences, such as pop-up dinners, chef's tables, and thematic eateries, to cater to the experiential desires of consumers.

 

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Key Market Challenges

Competition and Market Saturation

One of the primary challenges in the India Food Service Market is the intense competition and market saturation. India's streets are lined with restaurants, cafes, food stalls, and food delivery services, resulting in a crowded marketplace. This high level of competition can make it difficult for both established and new players to stand out and capture market share.

To address this challenge, businesses must focus on differentiation and innovation. Offering unique and diverse cuisines, creating memorable dining experiences, and leveraging technology for efficient operations and marketing are essential strategies. Moreover, identifying niche markets and catering to specific consumer segments can help restaurants thrive in a highly competitive landscape. Collaborations and partnerships with complementary businesses, such as food delivery platforms or local food producers, can also provide a competitive edge.

Quality and Consistency

Maintaining consistent food quality and service standards is another significant challenge faced by the Indian food service industry. With a large and diverse workforce, ensuring that every meal served meets customers' expectations can be a daunting task. Variations in taste, portion size, and food safety can adversely affect a restaurant's reputation and customer loyalty.

To overcome this challenge, businesses need to invest in employee training and development programs. Ensuring that kitchen staff and service personnel are well-trained in food preparation, hygiene, and customer service is critical. Implementing standardized processes and quality control measures can help maintain consistency across multiple outlets, which is essential for restaurant chains. Regular customer feedback and quality audits can also aid in identifying areas for improvement.

Additionally, embracing technology can play a significant role in maintaining consistency. Automation and software solutions can streamline kitchen operations, inventory management, and order processing, reducing the scope for human error. Moreover, technology can facilitate real-time monitoring of food quality and service, enabling swift corrective action when issues arise.

Regulatory Compliance and Licensing

The Indian food service industry is subject to a complex and evolving regulatory landscape. Obtaining the necessary licenses and complying with food safety, hygiene, labor, and taxation regulations can be a challenging and time-consuming process. Stringent regulations can also impose additional costs on businesses, impacting their profitability.

To address this challenge, businesses must prioritize compliance and legal matters from the outset. Engaging legal experts who specialize in the food service industry can help navigate the complex regulatory environment and ensure that all necessary licenses and permits are obtained. Regular audits and inspections can help identify and rectify compliance issues before they escalate.

Furthermore, staying informed about changing regulations and proactively adapting to them is crucial. This may involve restructuring operations, investing in food safety measures, and ensuring fair labor practices. Collaborating with industry associations and lobbying for regulatory reforms that benefit the sector as a whole can also be a productive approach.

Key Market Trends

Rapid Growth of QSR (Quick Service Restaurants) and Fast Casual Dining

In recent years, the Quick Service Restaurant (QSR) and fast-casual dining segments have witnessed explosive growth in India. This trend is fueled by the fast-paced urban lifestyle, rising disposable incomes, and the increasing preference for convenient and affordable dining options.

QSR chains like McDonald's, KFC, and Domino's Pizza have established a strong presence in India and continue to expand their reach. They offer not only international fast-food staples but also localized menus to cater to Indian tastes. Fast-casual dining, characterized by establishments that provide a balance between convenience and a more upscale dining experience, is also gaining traction. Brands like Faasos, FreshMenu, and Box8 have been successful in capturing the market by offering a diverse range of gourmet and fusion dishes delivered quickly.

Moreover, the COVID-19 pandemic accelerated the adoption of digital technologies in the QSR and fast-casual sectors. Online ordering and delivery apps have become integral, and many restaurants have invested in their digital infrastructure to facilitate contactless dining and enhance the overall customer experience.

As the trend toward faster and more convenient dining experiences continues, QSRs and fast-casual establishments are likely to maintain their growth trajectory in the India Food Service Market.

Health and Wellness-Centric Dining

Another significant trend reshaping the India Food Service Market is the growing emphasis on health and wellness. Health-conscious consumers are seeking nutritious and balanced food options, and this demand is influencing restaurant menus and culinary practices.

Restaurants are responding by offering healthier choices, such as salads, grain bowls, low-calorie entrees, and dishes that cater to specific dietary preferences like vegetarian, vegan, and gluten-free. Additionally, there is a surge in the use of superfoods, organic ingredients, and locally sourced produce in restaurant kitchens.

In response to this trend, a new breed of health-focused restaurants and cafes has emerged. These establishments prioritize quality, transparency, and sustainability in their offerings. They often promote farm-to-table concepts, highlight the nutritional value of their dishes, and use innovative cooking techniques that preserve the goodness of ingredients.

Furthermore, food labeling and calorie information are becoming more common on restaurant menus, empowering diners to make informed choices. As consumers continue to prioritize their well-being, health and wellness-centric dining is expected to remain a key trend in the India Food Service Market.

Fusion and Regional Cuisine Exploration

The India Food Service Market is experiencing a culinary renaissance with the trend of fusion cuisine and a renewed interest in regional flavors. Consumers are increasingly adventurous and open to trying new and unique food combinations.

One manifestation of this trend is the fusion of traditional Indian dishes with global flavors and ingredients. Restaurants are experimenting with blending Indian spices, herbs, and cooking techniques with international cuisines, creating innovative and exciting culinary experiences. Dishes like butter chicken pizza, biryani burritos, and masala pasta have gained popularity in this context.

Furthermore, regional cuisine exploration is on the rise. India is a diverse country with distinct culinary traditions in each state. Restaurants are showcasing these regional specialties, bringing lesser-known dishes to the forefront. The popularity of regional-themed restaurants and food festivals dedicated to specific cuisines, such as Bengali, Kashmiri, or Kerala cuisine, is evidence of this trend.

This trend aligns with the growing interest in authenticity and unique food experiences. Consumers are increasingly seeking out restaurants that offer a taste of tradition while also providing a modern and creative twist.

Segmental Insights

Type Insights

Quick Service Restaurants (QSRs) have secured a substantial and influential share within the India Food Service Market, marking a significant presence in the nation's culinary landscape. This phenomenon can be attributed to various factors, ranging from changing consumer preferences to the convenience and affordability that QSRs offer.

One of the primary reasons for the remarkable share held by QSRs in the India Food Service Market is the rapid urbanization and the increasing pace of life. With urbanization on the rise, there has been a significant shift in consumer behavior towards quicker, more convenient dining options. As more people in India's urban centers lead busy lives, they seek quick and hassle-free meal solutions. QSRs have effectively filled this niche by offering a wide range of fast-food options that can be prepared and served swiftly.

Affordability is another critical factor behind the success of QSRs in India. The cost-conscious Indian consumer often looks for value-driven dining options, and QSRs cater to this need with competitive pricing strategies. The affordability of QSR meals, combined with the convenience of not having to cook at home or wait long for food, has made them a popular choice among a diverse range of consumers, from students to working professionals and families.

QSRs have also adapted their menus to align with Indian tastes and preferences. They offer a blend of international and local cuisines, catering to the diverse and evolving palate of the Indian population. From burgers and pizzas to regional specialties like dosas and wraps, QSRs have found ways to resonate with the culinary diversity of the country.

Furthermore, the innovative marketing strategies and aggressive expansion plans of QSR chains have played a pivotal role in their success. These chains have created strong brand identities and consistently rolled out new offerings and promotions to keep consumers engaged. Their presence is not limited to just urban areas; they are increasingly penetrating tier II and tier III cities, expanding their reach and accessibility.

Ownership Insights

Chained outlets have emerged as a dominant and influential segment within the Indian food service market, capturing a significant share of this thriving industry. This phenomenon can be attributed to several factors, including the changing consumer preferences, the pursuit of consistency, and the growing appetite for international and standardized dining experiences.

One of the key reasons for the remarkable success of chained outlets in the Indian food service market is the shifting consumer landscape. As the Indian middle class expands and urbanization accelerates, people are increasingly seeking convenience, consistency, and a wide variety of culinary options. Chained outlets, with their standardized menus and dining experiences, are well-equipped to meet these evolving demands. Consumers often gravitate towards these establishments, knowing they can expect a familiar and reliable dining experience, whether they're in Mumbai, Delhi, or Bangalore.

Furthermore, chained outlets are renowned for their ability to maintain a consistent quality of food and service. In a market where food safety and hygiene standards are of paramount importance to consumers, these chains have invested significantly in maintaining and adhering to stringent quality control measures. This consistency reassures customers, building trust and brand loyalty over time. This aspect has played a pivotal role in their ability to capture a significant market share.

The Indian food service market has also witnessed a burgeoning interest in international cuisines and fast-food culture. Chained outlets, often associated with popular global brands, are at the forefront of this trend. From fast-food giants like McDonald's and Domino's Pizza to casual dining chains like Starbucks and Subway, these establishments offer a taste of international flavors that resonate with Indian consumers. The allure of international branding, coupled with quality assurance, has led to a substantial following for chained outlets.

Moreover, chained outlets have embraced technology and innovation to enhance the dining experience. The adoption of mobile apps for ordering, home delivery services, and loyalty programs has made it even more convenient for consumers to engage with these establishments. This tech-savvy approach has not only attracted younger consumers but also streamlined operations and increased efficiency for these chains.

 

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Regional Insights

North India occupies a prominent and substantial position in the vast landscape of the India Food Service Market. This region, which includes states like Delhi, Uttar Pradesh, Haryana, Punjab, and Rajasthan, has emerged as a significant contributor to the overall growth and dynamics of the food service industry in the country.

One of the key reasons for North India's significant share in the India Food Service Market is its burgeoning urban population. The region is home to major metropolitan areas such as Delhi-NCR (National Capital Region), Chandigarh, and Jaipur, which are characterized by rapid urbanization and a burgeoning middle-class population. As urbanization continues to escalate, there is an increasing preference for dining out and ordering food from restaurants, cafes, and delivery platforms. This urban demographic's dining habits and growing disposable incomes have fueled the demand for a wide variety of food services.

North India's diverse and rich culinary heritage is another critical factor contributing to its dominance in the food service sector. This region boasts a wide array of traditional and regional cuisines, from the Mughlai and Punjabi delicacies of Delhi to the Rajasthani and North Indian fare of Rajasthan. The diversity in food preferences ensures a robust and multifaceted food service market, with restaurants and eateries catering to the varied tastes of the population.

The flourishing tourism industry in North India also plays a pivotal role in driving the food service market. The region attracts a significant number of domestic and international tourists who seek to experience its cultural and culinary diversity. This influx of tourists generates substantial demand for restaurants, street food vendors, and fine dining establishments, contributing significantly to the overall revenue generated in the food service sector.

Recent Developments

  • In 2023, the pizza restaurant chain Dominos aims to expand its presence in India with over 10,000 stores in the next two decades. This strategic move positions India to potentially rival the current largest market for Dominos' pizza, the United States.
  • In 2023, Domino’s India will join the Open Network for Digital Commerce (ONDC), leveraging the government's rapidly scaling digital commerce network, which now processes nearly 25,000 orders per day.
  • In 2023, McDonald’s India (West & South) has inaugurated the nation's first-ever Airport Drive-Thru Restaurant in Mumbai. Strategically located just 100 meters from Terminal 2 (T2) of the Chhatrapati Shivaji Maharaj International Airport (CSMIA), this 24x7-operating McDonald’s restaurant, known as the Experience of the Future (EOTF) restaurant, is committed to offering quality food, convenience, and prompt service to both travelers and locals alike.
  • In 2023, KFC India has launched an engaging campaign for its Snacker range. This campaign portrays relatable situations in the lives of Gen-Z individuals, with Colonel Sanders stepping in to save the day.

Key Market Players

  • Jubilant Foodworks Ltd (Domino's, Dunkin Donuts, Hong's Kitchen,Chef Boss, 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
  • Coffee Day Enterprises Limited
  • Tata Starbucks Private Limited
  • Bikanervala Foods Private Limited (BFPL)
  • Subway Systems India Private Limited

 By Market Type

 By Type

By Ownership

By Brands

By Region

  • Organized Segment
  • Unorganized Segment
  • Dining Service
  • QSR (Quick Service Restaurants)
  • PBCL
  • Others
  • Standalone Outlets
  • Chained Outlets
  • Domestic
  • International
  • North
  • West
  • East
  • South

 

Report Scope:

In this report, the India food service market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • India Food Service Market, By Market Type:

o   Organized Segment

o   Unorganized Segment   

  • India Food Service Market, By Type:

o   Dining Service

o   QSR (Quick Service Restaurants)

o   PBCL

o   Others

  • India Food Service Market, By Ownership:

o   Standalone Outlets

o   Chained Outlets

  • India Food Service Market, By Brands:

o   Domestic

o   International                                                                 

  • India Food Service Market, By Region:

o   North

o   South

o   East

o   West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Food Service market.

Available Customizations:

India Food Service Market report with the given market data, Tech Sci 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).

India Food Service Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Service Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis (B2C Model Analysis)

4.1.  Brand Awareness

4.2.  Factors Affecting Purchase Decision

4.3.  Challenges Faced Post Purchase

5.    India Food Service Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Market Type Market Share Analysis (Organized Segment and Unorganized Segment)

5.2.2.     By Type Market Share Analysis (Dining Service (Hotels, Restaurants), QSR (Quick Service Restaurants), PBCL (Pubs, Bars, Clubs and Lounges), and Others (Cafeteria, Cloud Kitchen, Catering and Vending))

5.2.3.    By Ownership Market Share Analysis (Standalone Outlets and Chained Outlets)

5.2.4.    By Brands Market Share Analysis (Domestic and International)

5.2.5.    By Regional Market Share Analysis

5.2.5.1.        North India Market Share Analysis

5.2.5.2.        South India Market Share Analysis

5.2.5.3.        East India Market Share Analysis

5.2.5.4.        West India Market Share Analysis

5.2.6.    By Company Market Share Analysis

5.3.  India Food Service Market Mapping & Opportunity Assessment

5.3.1.    By Market Type Market Mapping & Opportunity Assessment

5.3.2.    By Type Market Mapping & Opportunity Assessment

5.3.3.    By Ownership Market Mapping & Opportunity Assessment

5.3.4.    By Brands Market Mapping & Opportunity Assessment

5.3.5.    By Regional Market Mapping & Opportunity Assessment

6.    India Dining Service Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Ownership Market Share Analysis

6.2.2.    By Region Market Share Analysis

7.    India QSR (Quick Service Restaurants) Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Ownership Market Share Analysis

7.2.2.    By Region Market Share Analysis

8.    India PBCL (Pubs, Bars, Clubs and Lounges) Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Ownership Market Share Analysis

8.2.2.    By Region Market Share Analysis

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Impact of COVID-19 on India Food Service Market

10.1.   Impact Assessment Model    

10.1.1. Key Segments Impacted

10.1.2. Key Regions Impacted

11.  Market Trends & Developments

12.  Porter’s Five Forces Model

12.1.   Competitive Rivalry

12.2.   Bargaining Power of Buyers

12.3.   Bargaining Power of Suppliers

12.4.   Threat of New Entrants

12.5.   Threat of Substitutes

13.  SWOT Analysis

13.1.   Strengths

13.2.   Weaknesses

13.3.   Opportunities

13.4.   Threats

14.  Policy and Regulatory Landscape

15.  India Economic Profile

16.  Company Profiles

16.1.1. Jubilant Foodworks Ltd (Domino's, Dunkin Donuts, Hong's Kitchen, Chef Boss, etc.)

16.1.1.1.     Company Details

16.1.1.2.     Product & Services

16.1.1.3.     Financials (As Per Availability)

16.1.1.4.     Key market Focus & Geographical Presence

16.1.1.5.     Recent Developments

16.1.1.6.     Key Management Personnel

16.1.2. McDonald's India Private Limited

16.1.2.1.     Company Details

16.1.2.2.     Product & Services

16.1.2.3.     Financials (As Per Availability)

16.1.2.4.     Key market Focus & Geographical Presence

16.1.2.5.     Recent Developments

16.1.2.6.     Key Management Personnel

16.1.3. Haldiram Snacks Private Limited

16.1.3.1.     Company Details

16.1.3.2.     Product & Services

16.1.3.3.     Financials (As Per Availability)

16.1.3.4.     Key market Focus & Geographical Presence

16.1.3.5.     Recent Developments

16.1.3.6.     Key Management Personnel

16.1.4. Devyani International Limited (KFC, Pizza Hut, Costa Coffee, Vaango, etc.)

16.1.4.1.     Company Details

16.1.4.2.     Product & Services

16.1.4.3.     Financials (As Per Availability)

16.1.4.4.     Key market Focus & Geographical Presence

16.1.4.5.     Recent Developments

16.1.4.6.     Key Management Personnel

16.1.5. Burger King India Limited

16.1.5.1.     Company Details

16.1.5.2.     Product & Services

16.1.5.3.     Financials (As Per Availability)

16.1.5.4.     Key market Focus & Geographical Presence

16.1.5.5.     Recent Developments

16.1.5.6.     Key Management Personnel

16.1.6. Barbeque-Nation Hospitality Limited

16.1.6.1.     Company Details

16.1.6.2.     Product & Services

16.1.6.3.     Financials (As Per Availability)

16.1.6.4.     Key market Focus & Geographical Presence

16.1.6.5.     Recent Developments

16.1.6.6.     Key Management Personnel

16.1.7. Coffee Day Enterprises Limited

16.1.7.1.     Company Details

16.1.7.2.     Product & Services

16.1.7.3.     Financials (As Per Availability)

16.1.7.4.     Key market Focus & Geographical Presence

16.1.7.5.     Recent Developments

16.1.7.6.     Key Management Personnel

16.1.8. Tata Starbucks Private Limited

16.1.8.1.     Company Details

16.1.8.2.     Product & Services

16.1.8.3.     Financials (As Per Availability)

16.1.8.4.     Key market Focus & Geographical Presence

16.1.8.5.     Recent Developments

16.1.8.6.     Key Management Personnel

16.1.9. Bikanervala Foods Private Limited (BFPL)

16.1.9.1.     Company Details

16.1.9.2.     Product & Services

16.1.9.3.     Financials (As Per Availability)

16.1.9.4.     Key market Focus & Geographical Presence

16.1.9.5.     Recent Developments

16.1.9.6.     Key Management Personnel

16.1.10.               Subway Systems India Private Limited

16.1.10.1.   Company Details

16.1.10.2.   Product & Services

16.1.10.3.   Financials (As Per Availability)

16.1.10.4.   Key market Focus & Geographical Presence

16.1.10.5.   Recent Developments

16.1.10.6.   Key Management Personnel

17.  Strategic Recommendations

17.1.   Key Focus Areas

17.2.   Target Market Type

17.3.   Target Type

18.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the India food service market was estimated to be USD42.5 billion in 2023.

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The growth of the India food service market is driven by factors such as the expanding urban population's preference for dining out, the rich diversity of regional cuisines satisfying varied tastes, and the rising adoption of digital food delivery platforms, enhancing convenience for consumers.

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The India food service market is witnessing a surge in demand for online food delivery and takeout services, driven by changing consumer preferences for convenience and safety.

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Major challenges in the India food service market include intense competition, which puts pressure on pricing and quality, as well as navigating complex regulatory requirements related to hygiene and licensing, which can vary by state and locality.

profile

Parvati Sharma

Account Manager BD
Press Release

India Food Service Market to Grow with a CAGR of 11.29% through 2029

Oct, 2023

India food service market's growth is driven by a confluence of factors, including the demographic dividend and urbanization, digitalization and delivery services, and the exploration of diverse cul