Report Code: CMI50586

Published Date: June 2024

Pages: 320+

Category: India

Reports Description

India Food Service Market was valued at USD 49.8 Billion in 2024 and is expected to reach USD 116.8 Billion by 2033, at a CAGR of 10.3% during the forecast period 2024 – 2033.

The term “food service” describes the sector of the economy that includes companies and facilities that prepare, serve, and transport food and drinks to patrons. This industry encompasses a wide range of organisations, including food trucks, catering services, fast-food restaurants, and cafés.

India Food Service Market: Growth Factors

Rising demand for customized and innovative food menu options

One of the main factors propelling the expansion of the food service industry in India is the growing need for unique and inventive menu alternatives. Consumers in India are looking for a variety of individualised eating experiences as the country’s population grows more urbanised, prosperous, and aware of international culinary trends.

The need for eateries and food service businesses that provide distinctive and adaptable menu selections to suit individual tastes and preferences has increased as a result of this shift in customer preferences. Customers are increasingly searching for restaurants that can deliver creative and personalised culinary options to suit their demands, whether it is due to dietary restrictions, cultural preferences, or just a desire for novelty.

Major Indian cities now have an abundance of specialist eateries, gourmet cafés, and food trucks providing anything from fusion cuisine to personalised meal options as a result of this trend. To meet this need and improve the whole eating experience, food service companies are making investments in technologically advanced solutions, innovative menus, and creative cooking.

This focus on innovation and personalisation not only draws clients but also encourages repeat business and consumer loyalty, which propels the thriving Indian food service industry’s development and expansion.

Shifting inclination  toward the ready-to-eat  food

The Indian food service sector is being driven mostly by consumers’ growing preference for ready-to-eat cuisine. Numerous socioeconomic factors that influence consumer behaviour are driving this trend. There is a greater need for convenience in food consumption due to the growing working population and expanding urbanisation.

For people with hectic schedules who might not have the time or expertise to make meals from scratch, ready-to-eat meals provide a convenient and expedient option. Ready-to-eat solutions are becoming more popular because of changing lifestyles, such as longer work hours and dual-income homes.

Furthermore, the need for a wide variety of easily accessible food options has been stoked by the growing impact of global food culture, which is made possible by exposure to different cuisines via travel and digital media.

Additionally, this tendency has been driven by the COVID-19 epidemic, which has made customers prioritize cleanliness and safety. As a result, packed and ready-to-eat meals that are thought to be safer alternatives have become increasingly popular.

As a result, the Indian food service market is witnessing a significant shift towards ready-to-eat options, encouraging food service providers to adapt their offerings to cater to this evolving consumer preference.

India Food Service Market: Restraints

High competition

Businesses operating in the Indian food service sector face substantial obstacles due to intense competition. It is challenging for firms to remain profitable because of the numerous rivals fighting for market dominance, which results in price wars and narrow profit margins.

Furthermore, fierce competition frequently makes it necessary to constantly innovate and differentiate in order to stand out in a crowded market. The demand to consistently provide distinctive goods and services can put a burden on resources and make it more difficult for smaller competitors to successfully compete with bigger, more well-known companies.

Furthermore, because there is intense competition, it is difficult to maintain client loyalty because consumers have many options and can quickly move between providers based on convenience, cost, or other considerations.

India Food Service Market: Opportunities

Growing trend of socializing at bars and restaurants

The Indian food service industry has grown dramatically as a result of the tendency of people meeting for social gatherings in pubs and restaurants. A discernible cultural change towards dining out and socialising in cities has occurred recently, driven by a growing number of young people who value experiences above material belongings, changing lifestyles, and rising disposable incomes.

The need for restaurants that provide not just food but also atmosphere, entertainment, and social contact has increased as a result of this trend. Indians of all ages now choose bars and restaurants as their favourite locations for get-togethers, parties, business meetings, and informal outings.

This tendency has been further fostered by the emergence of fashionable cafés, expensive restaurants, casual dining chains, and themed pubs. Furthermore, as cities become more populated, customer tastes are shifting to favour convenience, variety, and special eating experiences, which is propelling the food service industry’s growth.

As a result, the food service sector in India has experienced rapid expansion, drawing capital from both local and foreign investors and making a substantial economic contribution to the nation while meeting the changing demands and tastes of Indian customers.

India Food Service Market: Segmentation Analysis

India Food Service market is segmented by system, ownership and region.  Based on system, the market is classified into conventional foodservice system, centralized foodservice system, ready prepared foodservice system and assembly-serve foodservice system.

Conventional Foodservice System dominated market in 2023 with market share of 45.1% and is expected to keep its dominance during the forecast period 2024-2033.  The traditional foodservice system propels the Indian food service industry by providing customers throughout the nation with a dependable and easy eating experience.

This method is based on standard procedures for preparing, distributing, and serving food, which are frequently seen in physical restaurants, on the streets, and in catering services. In India, where customary culinary arts are deeply ingrained in the culture, traditional foodservice outlets are essential in meeting the needs of a wide range of palates.

They draw both locals and visitors looking for genuine dining experiences by offering a venue for the spread of regional cuisines and culinary traditions.

Based on ownership, the market is classified into standalone and chained. Standalone dominated market in 2023 with market share of 64.1% and is expected to keep its dominance during the forecast period 2024-2033.

The food service industry in India is seeing a surge due to a combination of reasons that address changing consumer tastes and lifestyle changes. These stand-alone businesses provide distinctive eating experiences instead of following the conventional restaurant model, ranging from gourmet cafés to street food vendors.

They showcase regional specialties and creative fusion cuisines, making the most of India’s varied gastronomic environment. They frequently place a high value on accessibility and convenience, and many of them provide takeout and delivery alternatives to accommodate the hectic schedules of city dwellers.

Additionally, the emergence of digital platforms and social media has increased the visibility of stand-alone restaurants, allowing them to attract a larger clientele and promote community involvement. This trend represents a break from the traditional eating conventions as customers look for experience dining, affordability, and authenticity.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 49.8 Billion
Projected Market Size in 2033 USD 116.8 Billion
Market Size in 2023 USD 46.4 Billion
CAGR Growth Rate 10.3% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By System, Ownership and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Country Scope India
Buying Options Request tailored purchasing options to fulfil your requirements for research.

India Food Service Market: Regional Analysis

India Food Service market is segmented into South India, North India, West India and East India. The West India dominated the global market in 2023 with market share of 43.1% in 2023 and is expected to keep its dominance during forecast period.

The West India region plays a significant role in driving the food service market in India through its rich culinary heritage, diverse cultural influences, and thriving urban centers. West India is known for its highly developed food culture, which is exemplified by its new culinary concepts, traditional cuisines, and fusion of flavours, particularly in places like Ahmedabad, Pune, and Mumbai.

Mumbai, which is sometimes called the “food capital” of India, offers a wide variety of gastronomic experiences, from high-end restaurants serving foreign cuisines to street food vendors selling classic delicacies like vada pav and pav bhaji.

Pune, which is well-known for its young population and educational institutions, has a thriving culinary scene because to the abundance of cafés, restaurants, and food trucks that serve a wide range of cuisines.

Furthermore, Gujarati food, which is well-known for its unique flavours and vegetarian delights, makes a substantial contribution to the region’s culinary scene. The powerful infrastructure of the West Indian states, which includes transportation networks and tourism hubs, makes it easier to distribute and promote local specialties and draws tourists from both domestic and foreign locations.

The rise of food tech firms, delivery platforms, and immersive dining ideas is further stimulated by the region’s tendency towards innovation and entrepreneurial spirit, which in turn drives the food service business.

India Food Service Market: Recent Developments

  • In June 2022, ITC Hotels launched a curated “Feel-Good” menu of food items on the World Environment Day aiming at the environmental sustainability of local producers and asserted that home delivery will continue to be an important offering in the future.
  • In February 2022, ITC introduced an app for its hotels, as well as its Welcomhotels and Fortune Hotels in select areas, that offers features including restaurant and room bookings, food delivery and takeaway, and reward programmes.
  • In March 2024, Lite Bite Foods expanded it hotels in tier 1 and 2 markets to capitalize on India’s growing organized food services sector.

List of the prominent players in the India Food Service Market:

  • Jubilant FoodWorks Limited
  • Devyani International Limited
  • McDonald’s India
  • Yum! Brands
  • Cafe Coffee Day
  • Burger King India
  • Pizza Hut India
  • Subway India
  • Starbucks India
  • Barbeque Nation
  • Haldiram’s
  • Indigo Delicatessen
  • Taj Group of Hotels
  • The Indian Hotels Company Limited
  • The Oberoi Group
  • ITC Hotels
  • Domino’s Pizza India
  • Smoke House Deli
  • Lite Bite Foods
  • Sagar Ratna Restaurants
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The India Food Service Market is segmented as follows:

By System

  • Conventional Foodservice System
  • Centralized Foodservice System
  • Ready Prepared Foodservice System
  • Assembly-Serve Foodservice System

By Ownership

  • Standalone
  • Chained

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 India Food Service Market, (2024 – 2033) (USD Billion)
    • 2.2 India Food Service Market: snapshot
  • Chapter 3. India Food Service Market – Industry Analysis
    • 3.1 India Food Service Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising demand for customized and innovative food menu options
      • 3.2.2 Shifting inclination toward the ready-to-eat food
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By System
      • 3.7.2 Market Attractiveness Analysis By Ownership
  • Chapter 4. India Food Service Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 India Food Service Market: Company Market Share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. India Food Service Market – System Analysis
    • 5.1 India Food Service Market Overview: By System
      • 5.1.1 India Food Service Market Share, By System, 2023 and 2033
    • 5.2 Conventional Foodservice System
      • 5.2.1 India Food Service Market by Conventional Foodservice System, 2024 – 2033 (USD Billion)
    • 5.3 Centralized Foodservice System
      • 5.3.1 India Food Service Market by Centralized Foodservice System, 2024 – 2033 (USD Billion)
    • 5.4 Ready Prepared Foodservice System
      • 5.4.1 India Food Service Market by Ready Prepared Foodservice System, 2024 – 2033 (USD Billion)
    • 5.5 Assembly-Serve Foodservice System
      • 5.5.1 India Food Service Market by Assembly-Serve Foodservice System, 2024 – 2033 (USD Billion)
  • Chapter 6. India Food Service Market – Ownership Analysis
    • 6.1 India Food Service Market Overview: By Ownership
      • 6.1.1 India Food Service Market Share, By Ownership, 2023 and 2033
    • 6.2 Standalone
      • 6.2.1 India Food Service Market by Standalone, 2024 – 2033 (USD Billion)
    • 6.3 Chained
      • 6.3.1 India Food Service Market by Chained, 2024 – 2033 (USD Billion)
  • Chapter 7. India Food Service Market – Regional Analysis
    • 7.1 India Food Service Market Regional Overview
    • 7.2 India Food Service Market Share, by Region, 2023 & 2033 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Jubilant FoodWorks Limited
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Devyani International Limited
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 McDonald’s India
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Yum! Brands
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Cafe Coffee Day
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Burger King India
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Pizza Hut India
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Subway India
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Starbucks India
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Barbeque Nation
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Haldiram’s
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Indigo Delicatessen
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Taj Group of Hotels
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 The Indian Hotels Company Limited
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments
    • 8.15 The Oberoi Group
      • 8.15.1 Overview
      • 8.15.2 Financials
      • 8.15.3 Product Portfolio
      • 8.15.4 Business Strategy
      • 8.15.5 Recent Developments
    • 8.16 ITC Hotels
      • 8.16.1 Overview
      • 8.16.2 Financials
      • 8.16.3 Product Portfolio
      • 8.16.4 Business Strategy
      • 8.16.5 Recent Developments
    • 8.17 Domino’s Pizza India
      • 8.17.1 Overview
      • 8.17.2 Financials
      • 8.17.3 Product Portfolio
      • 8.17.4 Business Strategy
      • 8.17.5 Recent Developments
    • 8.18 Smoke House Deli
      • 8.18.1 Overview
      • 8.18.2 Financials
      • 8.18.3 Product Portfolio
      • 8.18.4 Business Strategy
      • 8.18.5 Recent Developments
    • 8.19 Lite Bite Foods
      • 8.19.1 Overview
      • 8.19.2 Financials
      • 8.19.3 Product Portfolio
      • 8.19.4 Business Strategy
      • 8.19.5 Recent Developments
    • 8.20 Sagar Ratna Restaurants
      • 8.20.1 Overview
      • 8.20.2 Financials
      • 8.20.3 Product Portfolio
      • 8.20.4 Business Strategy
      • 8.20.5 Recent Developments
    • 8.21 Others.
      • 8.21.1 Overview
      • 8.21.2 Financials
      • 8.21.3 Product Portfolio
      • 8.21.4 Business Strategy
      • 8.21.5 Recent Developments
List Of Figures

Figures No 1 to 15

List Of Tables

Tables No 1 to 2

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers

Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2033
  • Market revenue estimates and forecasts up to 2033, by technology
  • Market revenue estimates and forecasts up to 2033, by application
  • Market revenue estimates and forecasts up to 2033, by type
  • Market revenue estimates and forecasts up to 2033, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Jubilant FoodWorks Limited
  • Devyani International Limited
  • McDonald’s India
  • Yum! Brands
  • Cafe Coffee Day
  • Burger King India
  • Pizza Hut India
  • Subway India
  • Starbucks India
  • Barbeque Nation
  • Haldiram’s
  • Indigo Delicatessen
  • Taj Group of Hotels
  • The Indian Hotels Company Limited
  • The Oberoi Group
  • ITC Hotels
  • Domino’s Pizza India
  • Smoke House Deli
  • Lite Bite Foods
  • Sagar Ratna Restaurants
  • Others


The restraints of the India Food Service market is high competition.

The major driver for the India Food Service market is rising demand for customized and innovative food menu options and shifting inclination toward the ready-to-eat food.

The “Conventional Foodservice System” category dominated the market in 2023.

The key players in the market are Jubilant FoodWorks Limited, Devyani International Limited, McDonald’s India, Yum! Brands, Cafe Coffee Day, Burger King India, Pizza Hut India, Subway India, Starbucks India, Barbeque Nation, Haldiram’s, Indigo Delicatessen, Taj Group of Hotels, The Indian Hotels Company Limited, The Oberoi Group, ITC Hotels, Domino’s Pizza India, Smoke House Deli, Lite Bite Foods, Sagar Ratna Restaurants, Others.

The market is projected to grow at a CAGR of 10.3% during the forecast period, 2024-2033.

The India Food Service Market size was valued at USD 49.8 Billion in 2024.












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