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COVID-19
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The India food service market is expected to exhibit a CAGR of 12.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Food services refer to catering facilities provided by the food and beverage (F&B) enterprises, wherein meals are prepared out of home for dining, delivery and takeaways. They assist in saving time, delivering quality cuisines through supply channels, offering convenience, providing a better customer experience, and generating profitable revenue. On account of these properties, they are deployed in fast-food, limited services, special food, and full-service restaurants. At present, food service outlets are broadly categorized into commercial and institutional service types. Amongst these, commercial food services are various fine-dining establishments, including fast-food restaurants, bars, nightclubs, and hotels, whereas institutional are identified as entities that provide meals at healthcare, universities, and military camps.
The significant expansion in the F&B sector across India can be attributed to the increasing demand for customized and innovative food menu options designed according to consumers taste, budget, and diet preferences, thus acting as the key factor currently driving the food service market across the country. This is further supported by the establishment of various commercial spaces, including cafes, restaurants, and quick-service restaurants (QSRs), for offering high-quality food efficiently in a minimal time frame. Additionally, the shifting inclination of millennials toward the ready-to-eat (RTE) and on-the-go food and beverages on account of hectic work schedules, along with the availability of healthier fast-food alternatives is acting as another growth-inducing factor. In line with this, the rising accessibility of high-speed internet connectivity has facilitated the extensive utilization of various e-commerce and online shopping platforms for ordering meals and drinks. This has been helpful especially during the consequent implementation of mandatory lockdowns by the Government of India (GoI) due to the sudden outbreak of coronavirus disease (COVID-19) pandemic, which is further contributing to the market growth. Other factors, such as rising disposable incomes, improving distribution channels and the emerging trend of socializing at bars and restaurants, are creating a positive outlook for the market across the country.
IMARC Group provides an analysis of the key trends in each sub-segment of the India food service market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on sector, systems and types of restaurants.
Breakup by Sector:
Breakup by Systems:
Breakup by Types of Restaurants:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Sector, Systems, Types of Restaurants, Region |
| Region Covered | North India, West and Central India, South India, East India |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the India food service market to exhibit a CAGR of 12.50% during 2022-2027.
The growing consumer preferences towards on-the-go food and beverages, along with the introduction
of numerous online food delivery platforms, are currently driving the India food service market.
The sudden outbreak of the COVID-19 pandemic has led to the high consumer inclination towards online
food delivery services due to the temporary closure of dine-in facilities during the lockdown scenario
across the country. This has resulted in the increasing demand for food services in India.
Based on the sector, the India food service market can be divided into commercial and non-commercial.
Currently, the commercial sector holds the majority of the total market share.
Based on the systems, the India food service market has been categorized into conventional foodservice
system, centralized foodservice system, ready prepared foodservice system, and assembly-serve
foodservice system. Among these, conventional foodservice system exhibits a clear dominance in the
market.
Based on the types of restaurants, the India food service market can be segregated into fast food
restaurants, full-service restaurants, limited-service restaurants, and special food services restaurants.
Currently, full-service restaurants hold the largest market share.
On a regional level, the market has been classified into North India, West and Central India, South India,
and East India, where West and Central India currently dominates the market.
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