New Delhi, Nov 28 (UNI) India’s food services industry is projected to surpass Rs 10,70,880-11,15,500 crore (USD 120-125 billion) by 2030 reflecting around 60 per cent absolute growth from Rs 6,96,072 crore (USD 78 billion) in 2025, said a report released by Kearney-Swiggy.
The report ‘How India Eats 2025’ said, “The organised segment, led by cloud kitchens, quick service restaurants and cafe chains, is expected to expand at a 12-14 pc compound annual growth rate (CAGR), which is significantly outpacing the 5-7 pc growth of unorganised players.”
“Its share of total market value, which stood at 35-40 pc in 2019 and 45-50 pc in 2025, is likely to rise to 55 pc by 2030, supported by urban consumer preferences for convenience and technology-enabled delivery platforms”, it added.
Cloud kitchens are currently representing 2 pc of the organised segment and are expected to grow at 32-37 pc annually. It is followed by quick-service restaurants (QSRs) at 15-17 pc and dessert and ice-cream parlours at 14-16 pc.
The report noted that changing consumption patterns are also reshaping demand dynamics, with late-night orders between 11 pm and 6 am growing nearly three times faster than dinner orders during 2022-2025 and now available round-the-clock in over 700 cities.
Simultaneously, health-conscious consumption is accelerating with protein-rich, low-calorie and sugar free meals expanding at 2.3 times the pace of overall orders. UNI SAS SSP
