India Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

India Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Summary

“India Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026” published by GlobalData provides extensive insight and analysis of the Indian Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

Synopsis

• The overall value of India’s foodservice profit sector grew at a CAGR of 5.4% during 2016-21, reaching INR10.9 trillion ($148 billion) in 2021.
• This growth was due to a substantial increase in the number of transactions in 2021.
• Take-aways and deliveries played a crucial role in the foodservice sector due to convenience and digital and technological advancements.
• Independent operators dominate the profit sector. However, chain operators fared better than independent operators during the pandemic owing to quick adaptation to changing consumer demands. India’s profit sector is forecast to record growth at a CAGR of 8.3% during 2021-26.

• Overview of India’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on India's 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 India’s 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.

• QSR was the largest channel in the Indian foodservice profit sector in 2021 accounting for a share of 32.8% of the sector’s value.
• The channel generated value sales of INR3.6 trillion ($48.6 billion) in 2021, increasing from INR2.4 trillion ($36.1 billion) in 2016, registering a CAGR of 8.2%. FSR was the third-largest channel in India’s foodservice profit sector in 2021, generating sales of INR1.7 trillion ($23 billion). FSR recorded a CAGR growth of 7.1% during 2016-21. In 2021, the channel’s sales were hindered by the enforcement of partial lockdowns and new restrictions in some cities, in response to the second wave of COVID-19.
• The coffee & tea shop channel accounted for 4.1% of the profit sector’s sales in 2021. The channel was valued at INR448.7 billion ($6.1 billion) in 2021 and registered growth at a CAGR of 2.2% during 2016-21.
• The channel is projected to grow at a CAGR of 7.7% during 2021-26, primarily led by rising transaction count and average transaction value.Pub, club & bar was the second-largest channel in the Indian foodservice profit sector in 2021, accounting for 28.3% of the profit sector’s sales in 2021.
• The channel’s value reached INR3.1 trillion ($41.9 billion) in 2021, after having registered a CAGR of 3.6% during 2016-21.

• Specific forecasts of the foodservice market over the next five years (2021-2026) 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 understand the wants and needs of their target demographics.