India Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

India Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

Summary

“India Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027” published by GlobalData provides extensive insight and analysis of the Indian Foodservice market over the next five years (2022-27) and acts as a vital point of reference for operators or suppliers.

India recorded annual nominal GDP per capita growth of 15.2% in 2022, which was fueled by an upswing in private consumption, thanks to the removal of COVID-19-related restrictions, and an increase in wages. The Indian profit sector’s total revenue reached INR10.8 trillion ($142.5 billion) in 2022, rising at a CAGR of 3% from 2017. The lifting of COVID-19 restrictions improved economic activity and consumer confidence in the first half of 2022, which aided the recovery of the foodservice sector. However, supply chain disruptions and high inflation triggered by the Russia-Ukraine conflict sapped the sector’s momentum through H2 2022.

The report includes -

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

Scope

• The Indian profit sector generated revenue of INR10.8 trillion ($142.5 billion) in 2022, rising at a CAGR of 3% from INR9.3 trillion ($137.2 billion) in 2017. The lifting of COVID-19 restrictions spurred an uptick in economic activity and consumer confidence in the first half of 2022, which aided the recovery of the foodservice sector.
• QSR was the second-largest channel in the Indian foodservice profit sector, while FSR was the third largest.
• Among foodservice channels, leisure recorded the highest value CAGR during 2017-22. The channel benefited from the lifting of domestic and border-entry COVID-19 restrictions in 2022, which boosted public out-of-home mobility and foreign tourist arrivals.
• Consumers are influenced by the products’ alignment with their time and money constraints. QSR operators should prioritize offering affordable products to meet this consumer need.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022-27) 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.