Market Overview:

The India food service market is expected to exhibit a growth rate (CAGR) of 12.58% during 2023-2028.

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.

India Food Service Market Trends:

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. 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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India food service market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on sector, systems and type of restaurants.

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
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage: