According to research, the market for food services in India is predicted to increase from USD 41.1 billion in 2022 to USD 79.65 billion by 2028, with a CAGR of 11.19%. The food service market to increase in the next three years.

According to the Food Service and Restaurant Industry Forecast 2022–23, the business is anticipated to employ 1 crore people by 2025, despite losing over 20 lakh jobs at the height of the COVID–19 epidemic.

According to the research, the country’s restaurant and business is split into two categories, with the unorganised segment holding the lion’s market share, which also noted that the organised sector expanded rapidly between 2014 and 2020.

This will follow huge companies expanding their presence in India’s smaller cities and profiting from a younger clientele, including McDonald’s, Burger King, and Domino’s.

NewsBusiness By 2028, the industry in India is expected to generate $79.65 billion.
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By 2028, the food service industry in India is expected to generate $79.65 billion.
According to the Food Service and Restaurant Industry Forecast 2022–23 by Francorp and restaurant India, the business is predicted to employ 1 crore people by 2025, despite losing over 20 lakh jobs at the height of the COVID–19 epidemic.

food delivery industry

According to the research, the country’s restaurant and food service business is split into two categories, with the unorganised segment holding the lion’s share of the market, which also noted that the organised sector expanded rapidly between 2014 and 2020. (Image courtesy of Pixabay)
India’s market for culinary services