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Foodservice market will double in 6 years, this market trends in India
Indian Food Market: The food service market in India has seen tremendous growth in the last few years. Food delivery company Swiggy and Bain Company released a report on the growth of the food service market. According to this report, the food service market will reach Rs 9 trillion by 2030. Let us know in detail in this article.
Now if we don't feel like cooking at home, then we immediately order food online. The food delivery market in India has seen tremendous growth in the last few years. Food delivery companies Swiggy and Bain & Company have released a report on the growth of the food service market.
According to this report, the food service market will reach Rs 9 trillion by the end of the current decade. Currently, this market is Rs 5.5 trillion. The market is expected to grow at the rate of 18 percent annually to reach Rs 9 trillion.
Currently, the contribution of the food service market is 8 percent, which can reach 20 percent by 2030. The market is expected to grow due to the increase in the number of outlets along with the customer base and consumption opportunities. Reports said that this sector has seen a tremendous boom after the COVID-19 epidemic.
