India Food Service Industry Outlook:
According to the latest report by IMARC Group, titled “India Food Service Market Outlook: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 “, the Indian food service market is expected to exhibit a CAGR of 12.50% during 2022-2027. Food service include businesses that are concerned with serving, preparing and delivering food items to the customers. It is categorized into centralized and conventional food service systems, wherein the centralized system involves the preparation of food in bulk, which is later distributed to the kitchens of multiple food joints.
On the other hand, preparing and serving food on the same premises is referred to as the conventional food service system. In India, food service is gradually gaining traction due to the convenience offered, along with the escalating preference of the masses to try new flavors and tastes while socializing.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Trends:
The market in India is primarily driven by significant growth in the food and beverage sector. Along with this, the changing dietary patterns of the masses due to the hectic schedules and busy lifestyles led by working professionals have led to a considerable increase in the demand for food services across the country. In line with this, the rising popularity of international cuisines and the inflating disposable income levels of individuals are providing a boost to the market growth.
Furthermore, the proliferation of food outlets and cafes in India is acting as a major growth-inducing factor. Additionally, the introduction of food ordering apps and the advent of home delivery models are creating a positive market outlook. Moreover, the increasing investments by leading players in the development of aggressive marketing strategies, celebrity endorsements and innovative packaging solutions are contributing to the growth. Other factors, including rapid urbanization and the penetration of high-speed internet connectivity, are also positively influencing the market across India.
Key Segmentation:
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 Types 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.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc.
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