Market Size of india foodservice Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 77.54 Billion |
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Market Size (2029) | USD 125.06 Billion |
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Largest Share by Foodservice Type | Full Service Restaurants |
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CAGR (2024 - 2029) | 10.03 % |
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Fastest Growing by Foodservice Type | Cloud Kitchen |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Foodservice Market Analysis
The India Foodservice Market size is estimated at 77.54 billion USD in 2024, and is expected to reach 125.06 billion USD by 2029, growing at a CAGR of 10.03% during the forecast period (2024-2029).
77.54 Billion
Market Size in 2024 (USD)
125.06 Billion
Market Size in 2029 (USD)
6.00 %
CAGR (2017-2023)
10.03 %
CAGR (2024-2029)
Largest Segment by Foodservice Type
42.65 %
value share, Full Service Restaurants, 2023
Asian cuisine is the largest cuisine segment. In 2023, 60% of millennials in India prefer to eat Chinese cuisine in restaurants four to five times a month.
Largest Segment by Outlet Type
65.63 %
value share, Independent Outlets, 2023
With the growing interest to explore unconventional menu options, independent foodservice outlets are opening in populated cities like Mumbai, Delhi, and Bangalore.
Fastest-growing segment by Foodservice Type
16.51 %
Projected CAGR, Cloud Kitchen, 2024-2029
The inclination of investors to invest in cloud kitchens in India, namely Rebel Foods and Box8, is majorly responsible for developing this segment in India.
Fastest-growing segment by Outlet Type
10.47 %
Projected CAGR, Chained Outlets, 2024-2029
An increase of 108% in fast-food expenditure by non-metro cities in India is driving the expansion of popular international and domestic fast-food chains.
Leading Market Player
0.74 %
market share, Jubilant FoodWorks Limited, 2022
Jubilant FoodWorks Limited manages the Domino's Pizza franchise in India. The company operates over 1,400 Domino's Pizza outlets across 280 cities in India.
Increased willingness of people to experiment with new cuisines and dining experiences propelling the market sales
- India is a diverse country with a rich culinary heritage, and people are increasingly willing to experiment with new cuisines and dining experiences. This has led to the growth of specialized restaurants offering unique and innovative dining experiences. Apart from Indian cuisine, other cuisines, such as Lebanese, Chinese, and Japanese, are popular in India. The number of sushi orders increased by 50% from 2019 to 2021. The growing popularity of eating out, changing lifestyles, and increased urbanization are driving the growth of the foodservice market in India. More than 45 million Indians preferred eating out at restaurants in 2021.
- As of 2022, around 24% of the Indian population was vegetarian, and around 9% was vegan. Hence, foodservice players are offering vegan menus to cater to the vegetarian and vegan populations in India. Many quick service restaurants are adapting to this trend and offering vegan menus. For instance, Burger King, Pizza Hut, Taco Bell, and KFC offer vegan dishes.
- The growth of cloud kitchens in India is mainly due to the increasing demand for food delivery services, driven by factors such as busy lifestyles, convenience, and the COVID-19 pandemic. Another factor driving the growth of cloud kitchens in India is the rise of digital platforms for food ordering and delivery, such as Swiggy and Zomato. These platforms provide a convenient way for customers to discover and order from a wide range of cloud kitchen options and for cloud kitchens to reach a large customer base without extensive marketing and advertising. Hence, cloud kitchens are anticipated to register the fastest growth during the forecast period, with a CAGR of 16.67%, by value.
Understand The Key Trends Shaping This Market
