India Food Service Market Size is Projected To Exhibit Growth Rate 10.76% CAGR During 2024-2032

IMARC Group, a leading market research company, has recently releases report titled “India Food Service Market Report by Sector (Commercial, Non-commercial), Systems (Conventional Foodservice System, Centralized Foodservice System, Ready Prepared Foodservice System, Assembly-Serve Foodservice System), Type of Restaurants (Fast Food Restaurants, Full-Service Restaurants, Limited Service Restaurants, Special Food Services Restaurants), and Region 2024-2032”. The study provides a detailed analysis of the industry, including India food service market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the India Food Service Market?

The India food service market size reached US$ 46.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 115.5 Billion by 2032, exhibiting a growth rate (CAGR) of 10.76% during 2024-2032.

India Food Service Market Overview:

The expanding urbanization, as well as the rising disposable incomes of consumers, are the factors responsible for the growth of the India food service market. Additionally, the escalating middle-class population along with their advancing lifestyles have significantly bolstered the demand for dining out and convenient food options. Besides this, the rise in working professionals and dual-income house chores has led to a surge in the need for quick-service restaurants (QSRs), cafes, and delivery services. The market is also benefiting from the proliferation of food delivery apps and online platforms, making it easier for consumers to order food from a broad range of cuisines and restaurant types.

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India Food Service Market Trends:

Another notable trend in the India food service market is the increasing emphasis on health as well as wellness. Consumers are becoming more health-conscious and are looking out for nutritious and organic food options, which is driving the growth of health-focused restaurants and cafes offering clean and wholesome meals. The trend of veganism and plant-based diets is also gaining traction, leading to the inclusion of more vegetarian and vegan options on menus.

Furthermore, sustainability and eco-friendliness are becoming important factors, with restaurants adopting practices such as sourcing local ingredients, reducing food waste, and accepting biodegradable packaging. The rise of cloud kitchens, which operate without a traditional dine-in space and focus solely on delivery, is another significant development, providing a cost-effective way for new and existing players to enter the market and reach the growing demand for convenient dining options, which is expected to catalyze the India food service market over the forecasted period.

India Food Service Market Segmentation:

Breakup by Sector:

• Commercial

• Non-commercial

Breakup by Systems:

• Conventional Foodservice System

• Centralized Foodservice System

• Ready Prepared Foodservice System

• Assembly-Serve Foodservice System

Breakup by Type of Restaurants:

• Fast Food Restaurants

• Full-Service Restaurants

• Limited Service Restaurants

• Special Food Services Restaurants

Breakup by Region:

• North India

• West and Central India

• South India

• East India

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Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Market Trends

• Market Drivers and Success Factors

• Impact of COVID-19

• Value Chain Analysis

• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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