India Food Service Market Size Worth USD 123.5 Billion by 2033 | CAGR: 10.33% - IMARC Group

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:
The Indian food service market is experiencing rapid growth. Important changes in food and hospitality fuel this growth. Urbanization is central to this growth. More people are flocking to cities. This creates a diverse group of consumers who want easy access to different food options. Higher disposable incomes are also allowing more people to dine out and try new foods. Consumers are learning about global food trends. So, they want more variety in cuisines and dining options. The quick-service restaurant (QSR) segment is especially popular for its affordability and speed. These trends are reshaping consumer habits and creating new opportunities for businesses.

Technological advances and changing preferences are shaping the Indian food service market. Digital tools, such as online ordering and delivery services, make dining easier. Contactless payments also add to this convenience. This tech shift meets the demand for takeout and delivery among Indian consumers. Additionally, more people are seeking healthier, sustainable food options. Food service providers are changing menus. They now offer organic, plant-based, and low-calorie options. This shift comes as more people focus on health. This trend helps businesses that adapt. It also boosts growth in the food service sector.

From 2025 to 2033, the Indian food service market will keep growing. There will be many chances in different sectors and regions. The growth of QSR chains, plus casual and fine dining, will improve market performance. Consumers will continue to look for diverse, high-quality dining options. This will create new regional food preferences. You can see this change in tier-II and tier-III cities. People are spending more on food services. International food chains and global trends will boost innovation and competition. The Indian food service sector is set for steady growth. Strong consumer demand and shifts in industry trends back this.

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.