Market Size of india cafes & bars Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 17.54 Billion |
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Market Size (2029) | USD 26.17 Billion |
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Largest Share by Cuisine | Specialist Coffee & Tea Shops |
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CAGR (2024 - 2029) | 8.33 % |
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Fastest Growing by Cuisine | Cafes |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Cafes & Bars Market Analysis
The India Cafes & Bars Market size is estimated at 17.54 billion USD in 2024, and is expected to reach 26.17 billion USD by 2029, growing at a CAGR of 8.33% during the forecast period (2024-2029).
17.54 Billion
Market Size in 2024 (USD)
26.17 Billion
Market Size in 2029 (USD)
7.31 %
CAGR (2017-2023)
8.33 %
CAGR (2024-2029)
Largest Segment by Outlet Type
77.34 %
value share, Independent Outlets, 2023
Personalized dining experiences and a wide variety of options are attracting a loyal customer base.
Largest Segment by Cuisine Type
86.04 %
value share, Specialist Coffee & Tea Shops, 2023
The growing popularity of specialty coffee and tea and demand for premium and artisanal products have contributed to the largest share of the segment in the region.
Fastest-growing segment by Outlet Type
10.89 %
Projected CAGR, Chained Outlets, 2024-2029
Changing lifestyles and increasing urbanization in the region, coupled with a wider range of products and services offered by chained outlets, are driving the demand.
Fastest-growing segment by Cuisine Type
17.34 %
Projected CAGR, Cafes, 2024-2029
Increasing demand for a relaxed atmosphere and social interaction among young consumers, coupled with a focus on quality and unique experiences, is driving the demand for cafes.
Leading Market Player
1.14 %
market share, Gujarat Cooperative Milk Marketing Federation, 2022
GCMMF is India's largest food products organization and apex organization of the 18 milk cooperatives in Gujarat. It mainly offers ice cream, flavored milk, and milkshakes.
Rising work from trend and increased disposable income fueling the cafes and bars sales
- The growth of cafes in India, driven by the rise in the trend of people working remotely or freelancing, has led to an increased demand for comfortable and functional workspaces that also offer food and beverages, leading to the emergence of coworking cafes. In 2020, flexible workspace leasing in India accounted for over 5.4 million sq. ft of space, a 43% increase from 2019. The ambiance and atmosphere of restaurants have become an essential aspect of their appeal. Many cafes now offer unique and quirky themes and decor to attract customers and provide live music or entertainment. Hence, cafes in India are anticipated to be the fastest-growing by value, registering a CAGR of 17.06% during the forecast period.
- In the bars and pubs sub-segment, there is an increasing awareness of health and wellness among consumers in India, and many bars and pubs are responding by offering low-calorie drinks, mocktails, and non-alcoholic cocktails. This trend is driven by the growing demand for healthier drinking options, especially among younger consumers. Over 40% of consumers in India were willing to choose low-calorie and low or no-alcohol drinks as of 2020. Around 43% of consumers wanted low-calorie alcohol, 32% wanted gluten-free beers, and 34% were looking for low-calorie beers.
- India has a long-standing tea and coffee culture, and specialty outlets are tapping into this by offering premium and unique blends of tea and coffee. The coffee culture emphasizes high-quality coffee, ethical sourcing, and sustainable practices, which has gained popularity among Indian consumers and is boosting the growth of specialist coffee and tea shops. Hence, specialist coffee and tea shops are anticipated to register a CAGR of 6.95%, by value, during the forecast period.
Understand The Key Trends Shaping This Market
