India Food Service Market Overview
Market Size in 2024: USD 50.99 Billion
Market Forecast in 2033: USD 123.5 Billion
Market Growth Rate: 10.33% (2025-2033)
According to the latest report by IMARC Group, the India food service market size was valued at USD 50.99 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 123.5 Billion by 2033, exhibiting a CAGR of 10.33% from 2025-2033.
India Food Service Market Trends and Drivers:
Some dynamic factors are currently reshaping the Indian food service market, creating massive changes in the sector’s landscape. Urbanization continues to be a major reason behind the market’s push. The more one would migrate to the cities, the more demand there would be from the commuters for getting quick meals with a variety of choices that suit their busy ways of living. The rise in disposable incomes supports greater consumer spending on dining out, thus creating several areas of potential business for companies in the food service industry. The demands of an increasingly conjoint urban middle class for higher quality food experiences are directly stimulating demand for food service across many different formats. As these demands of convenience and variety in dining are gaining further acceptance, the market is widening, especially in metro areas, where consumer behavior pertaining to eating out is accentuating.
Building up the India food service market is the swift rise in popularity of quick-service restaurants, QSRs. These fast-food joints are being cushioned by the rapidly climbing popularity of the quick, cheap, and easily obtainable food. With the demand for food on the go, QSR chains have been melding into the urban dining ethos. Riding on the wave of increasing global food trends from international cuisines to novel food ideas, QSRs have been catering to a myriad of divergent and ever-changing clientele. Digitalization, especially in the food service sector, helps enormously in smoothening conveniences with online ordering, delivery service, and mobile apps being the new norm. Such moves enhance customer experience and widen the customers’ market for businesses. Therefore, the QSR segment experiences substantial growth in terms of market share and , over the whole, countrywide growth.
International trends have also been impactful in shaping the Indian food service market. With the increased exposure to international cuisines and dining styles, consumers are becoming all the more adventurous and open to new food experiences. This cultural shift induces restaurants, both traditional and contemporary, to diversify their menus with global flavors and innovative methods of preparation to satisfy consumer demand. Growth in casual dining, fine dining, and cloud kitchens actually is an indicator of an evolving palate among consumers, whom businesses are now forced to cater to with an extended range of offerings. Food service outlets in tier-2 and tier-3 cities in particular have continued to expand, further propelling growth in this area as these cities are catching up with urban centers in dining preferences and eating habits. As the Indian food service sector evolves, it remains enabled for long-term growth driven by the increasingly affluent and diversified consumer base.
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India Food Service Industry Segmentation:
The report has segmented the market into the following categories:
Analysis by Sector:
- Commercial
- Non-commercial
Analysis by Systems:
- Conventional Foodservice System
- Centralized Foodservice System
- Ready Prepared Foodservice System
- Assembly-Serve Foodservice System
Analysis by Type of Restaurants:
- Fast Food Restaurants
- Full-Service Restaurants
- Limited Service Restaurants
- Special Food Services Restaurants
Regional Analysis:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Latest News and Developments:
- 22 February 2024: Prime Minister Modi has set the ambitious target of making GCMMF, the owner of the Amul brand, the number one dairy company in the world. India’s dairy sector is growing at a faster rate than the global average, with Amul currently ranking as the eighth largest dairy company worldwide.
- 8 January 2025: Swiggy has launched the Snacc app for 10-15 minutes of food delivery, offering fast food, in Bengaluru. The rapid food delivery segment has seen increased competition with the entry of new services from established companies like Zomato and startups like Blinkit and Zepto Cafe.
- 10 November 2024: Zomato’s new Food Rescue feature allows users to purchase canceled orders at a discounted price, reducing food wastage and benefiting both customers and restaurants. The feature is limited to customers within a 3 km radius of the delivery partner, with a short window of time to claim the canceled order to ensure freshness.
- 4 September 2024: McDonald’s India has collaborated with CSIR-CFTRI to introduce burgers with a multi-millet bun, sourced directly from farmers, to offer improved nutritional value and a unique dining experience. The collaboration marks the first-ever initiative in the QSR space to combine CSIR-CFTRI’s expertise with McDonald’s focus on developing nutritious food options, demonstrating their commitment to leading in this area.
- 10 April 2023: Barista Coffee aims to reach 500 stores in the next two years, with a strategic expansion plan across the country. The recent opening of the 350th outlet in Udaipur reflects the company’s focus on connecting with a larger community and expanding into tourist destinations.
- 28 February 2023: Rebel Foods has acquired the master franchise rights to expand Wendy’s presence in India through both traditional restaurants and cloud kitchens, demonstrating a strategic commitment to hyper-scale the brand.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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