The Indian food services market, currently valued at Rs 5.5 lakh crore, is projected to grow annually at 10-12% over the next seven years, reaching Rs 9 lakh to Rs 10 lakh crore by 2030. According to a study by Bain & Company and Swiggy titled ‘How India Eats’, online food delivery is expected to grow even faster, with a compound annual growth rate (CAGR) of 18%, increasing penetration from 12% in 2023 to 20% by 2030. This growth is driven by higher incomes, digital adoption, enhanced customer experiences, and a growing inclination towards culinary variety.
India’s Food Services Market Set for Robust Growth by 2030
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/07/05093917/newindianexpress_2024-07_0bb22a01-bdf8-4bd5-a8ab-beef0c039d20_Food_services_mkt1-ezgif.com-avif-to-jpg-converter-860x484.jpg)