Indian Food Services Market To Reach Up To $152 Bn By 2030

Bengaluru: The Indian food services market, valued at $80 billion in 2024, is likely to grow at a compound annual growth rate (CAGR) of 10-11 per cent to reach $144-152 billion by 2030, according to a report on Wednesday.

The organised food services market, currently constituting half of the overall sector, is outpacing the unorganised segment, driven by online food delivery and brand influx, said the report by Redseer Strategy Consultants. Cloud kitchens, by leveraging shared infrastructure and resources to operate multiple brands, are excelling in scaling brands within the market. They have disrupted traditional dining models, offering scalability and flexibility to adapt to the different needs of various demographics. Cloud kitchens grow faster and operate more efficiently by utilising shared kitchen spaces that significantly reduce capex and overhead costs.