India Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027
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India Foodservice Market Report Overview
The India profit sector recorded sales of INR10.8 trillion ($142.5 billion) in 2022 and is forecast to record a CAGR of over 11% during 2022-2027. The growth of the Indian profit sector will be driven by the rise in economic activity after the easing of COVID-19 restrictions. Furthermore, the steps taken by the Indian government to revive the tourism sector bolstered consumer footfall in hotel, restaurant, and café (HoReCa) outlets.
India Foodservice Profit Sector Outlook 2022-2027, (INR Trillion)
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The India foodservice market research report provides an in-depth evaluation of the food service market in the country, including an analysis of the key issues impacting the market, and the opportunities this presents for the sector participants. The report includes data and forecast of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Indian foodservice market and gives an overview of market leaders within the four major channels.
Market Size (2022) | INR10.8 trillion ($142.5 billion) |
CAGR (2022-2027) | >11% |
Historical Period | 2017-2022 |
Forecast Period | 2023-2027 |
Key Profit Sector Channels | · Pub, Club, and Bar
· QSR · FSR · Accommodation · Leisure · Coffee & Tea Shop · Mobile Operator |
Key Outlet Type | · Dine-in
· Takeout |
Key Owner Type | · Independent Operators
· Chain Operators |
Key Cost Sector Channels | · Education
· Military & Civil Defence · Healthcare · Welfare & Services · Complimentary Services |
Key Companies | · Domino’s Pizza
· BTB Marketing · British Brewing Company · Starbucks · Coffee Day Enterprises |
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India Foodservice Market Trends
- Revival of the market: Consumers started visiting restaurants again in 2022 post the pandemic.
- Value for money: Amid rising prices, consumers are increasingly mindful of their household budgets, therefore seeking value-for-money offerings.
- Social responsibility: Consumers are attracted to operators that show a genuine commitment to making a positive social impact.
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India Foodservice Market Segmentation by Profit Sector Channels
The pub, club, and bar was the largest profit sector channel in 2022 by value sales.
The key profit sector channels in the India foodservice market are FSR, QSR, accommodation, leisure, and pub, club & bar among others. The pub, club & bar overtook QSR in terms of sales revenue in 2022. The channel benefited from the resumption of nightlife, with pubs, clubs, and bars in major cities allowed to operate past midnight after COVID-19 restrictions were lifted. QSR was the second-largest channel in the Indian foodservice profit sector in 2022, followed by FSR.
India Foodservice Market Analysis by Profit Sector Channels, 2022 (%)
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India Foodservice Market Segmentation by Cost Sector Channels
The key cost sector channels in the Indian foodservice market are military & civil defense, healthcare, education, welfare & services, and complimentary services. Education was the largest cost sector in 2022. India has one of the largest National school lunch programs in the world known as the “Mid-day Meal Scheme” which ensures food is served to children attending government and government-aided primary and upper primary schools and special training centers. The mid-day meal scheme also acts as an added incentive for young children to continue going to school.
India Foodservice Market Analysis by Cost Sector Channels, 2022 (%)
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India Foodservice Market – Competitive Landscape
BTB Marketing was the largest pub, club, and bar operator in the country.
Some of the key foodservice companies in India are:
- Domino’s Pizza
- BTB Marketing
- British Brewing Company
- Starbucks
- Coffee Day Enterprises
India Foodservice Market Analysis by Competitors
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India Foodservice Market – Latest Developments
- As part of an initiative to support women’s empowerment, McDonald’s launched its first all-women drive-thru restaurant in Ekta Nagar, Gujarat, in 2022. The operator also launched a pilot program to collect paper and plastic waste.
- In July 2022, Pizza Hut India introduced “Momo Mia”, a pizza with momos in its crust and Szechuan sauce. It is available as a vegetarian or non-vegetarian pizza, with options for customization.
- In 2022, K Hospitality announced plans to invest INR5 billion ($60 million) over the next five years across all of its business verticals. The company plans to double its store count to over 1,000 in top-tier Indian cities and international markets, such as South-East Asia and the Middle East. K Hospitality aims to open outlets along major Indian highways and international airports across the globe. In December 2022, Irish House announced the launch of a new flagship outlet in the Phoenix Palladi shopping mall in Mumbai.
Segments Covered in the Report
India Foodservice Market Outlook by Profit Sector Channel (Value INR Trillion, 2017-2027)
- Full-service Restaurants (FSR)
- Quick-service Restaurants (QSR)
- Pub, Club & Bar
- Coffee & Tea Shop
- Retail
- Accommodation
India Foodservice Market Outlook by Cost Sector Channels (Value, INR Trillion, 2017-2027)
- Military & Civil Defense
- Healthcare
- Education
- Welfare & Services
- Complimentary Services
Scope
The report includes –
- Overview of India’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Indian foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
- Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Indian foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
- Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Indian population.
- Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.
Reasons to Buy
- Specific forecasts of the foodservice market over the next five years will give readers the ability to make informed business decisions through identifying emerging/declining markets.
- Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar) will allow readers to understand the wants and needs of their target demographics.
Yum! Brands
McDonald's
Restaurant Brand International
Doctor's Associates
Barbeque Nation Hospitality
Adyar Ananda Bhavan Sweets India
Paradise Food Court
Speciality Restaurants
Table of Contents
Frequently asked questions
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What was the India profit sector market size in 2022?
The India profit sector market size was INR10.8 trillion ($142.5 billion) in 2022.
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What will be the India profit sector growth rate?
The profit sector in India will grow at a CAGR of over 11% during 2022-2027.
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Which was the leading profit sector channel in the India foodservice market in 2022?
Pub, club, and bar was the leading profit sector channel in the Indian foodservice market in 2022.
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What cost sector channel had the highest share in the India foodservice market in 2022?
The education sector had the highest share in the Indian foodservice market in 2022.
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