India Food Service Market Set to Experience a Massive 10.33% CAGR During 2025-2033

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 Industry Trends and Drivers:
The food service market in India is flourishing exceptionally well due to the multiple dynamic forces that restrain the consumer from using the very flexible models of walking distance from home. Urbanization led this surge all over the country. The metropolitan and new-cities hare from the advantage of fresh space development to be further attracted in high-demand sources of food, driving needs for a high percentage of the convenience healthscape. With more people becoming employed and the increase in dual-income family members, they are more likely to go outside to consume most of their meals, which contributes to the greater need for quick service restaurants and casual dining.

In addition, the expanding disposable income among India's middle class enables many more consumers to spend on eating out, which fuels the market. Thus, with more innovation on the part of food service providers to keep up with emerging tastes, the flow of the market is not expected to dry up soon, with a much wider range of dining experiences welcoming the different consumers.
In addition, modern food service systems and global food trends will heavily influence the expansion of markets. Due to the exposure of Indian consumers to more and more international cuisines and eating concepts, the current list of food service offerings is now evolving from casual quick bites to multi-course meals. Influences from globalization such as health consciousness and concerns related to sourcing the ingredients that are sustainably produced and locally available are seen to dominate menus in restaurants. Food service systems are also undergoing change in this regard, with many operators mushrooming to apply technology in improving customer experience as well as operational efficiency. Today, one could say that practically every form of ordering by consumers is quickly becoming standard from installing online ordering and contactless payment systems to providing delivery-simply responding to the needs of "tech-savvy" customers who seek convenience and flexibility. All these innovations are sharpening competition in the market as well as expanding it throughout the sector.

This is also responsible for creativity in the Indian food services market in the form of fast-casual chains targeting the niche of their establishments. Plant-based eatery types are also witnessing a steep growth curve. More customers are health-conscious nowadays while experimenting with diets like veganism or gluten avoidance and so they alter their ordering habits. More restaurants today also operate as takeaways and deliveries, a trend which keeps changing the way of operating for restaurants and allows them to reach more customers beyond the dine-in-the market model. Each of these brings some contribution toward widening the market, appealing to the tastes of different customers, and constructing a richer and competitive environment. Meanwhile, as the market continues to get progressive, opportunities are all set to capture the expansion reach and enhancement of offerings in the food service sector, hence ensuring continued growth in the sector.

Download sample copy of the Report: https://www.imarcgroup.com/india-food-service-market/requestsample

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.

Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=5423&flag=C

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About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.