Here you get to know about Food services Industry in India, Organized and Unorganized Food Industry, online food delivery, Developments and Current Trends.
The India’s Food Service Industry in India was estimated at Rs 423,865 cr in 2018-19; the industry provides employment to around 7.3 mn people and this is anticipated to reach 9.2 mn in 2022-23.
Owing to factors like changing demographics, increased disposable income, urbanisation and deepened internet availability, the food industry is set to grow
steadily. Now there are now varies new technology in food service industry is implemented.
Indian Food Industry Segment
The Indian food industry is divided in two segments. Food Industry in India
- Organised Segment – Rs 148,353 cr
- Unorganized Segment – Rs 2,75,512 cr
Organised Segment of Food Services Industry in India
The organised segment was estimated at Rs 148,353 cr in 2018-19. Under the organised segment, affordable casual dining restaurants accounted for Rs 60,255 cr in 2018-19, fine dining establishments for Rs 2,872 cr with PBCLs (pubs, bar cafes and lounges) and cafes for Rs 17,979 cr and Rs 9,370 cr respectively.
Do you want to know about the sectors of food and beverage service industry.
The above link provide the complete details about sectors of food and beverage service industry in India.
Unorganized Segment of Food Industry
The unorganised segment was estimated at Rs 2,75,512 cr in 2018-19 . Food Industry in India
Indian online food delivery service industry
Food delivery service industry Online food ordering represents a shift, as a result of which funding in the food tech space has increased 35x in the last five years and is projected to increase manifold.
- 6x Growth of food tech aggregators, 2017 to 2019
- ~US$ 4 Bn, size of food tech market of India, 2019
- ~US$ 8 Bn, size of food tech market of India, 2022 (projected)
So these are the food delivery service industry analysis.
Food Service Industry Trends
The following are the food service industry trends in India.
Product sustainability: Product sustainability is one of the most preferred attributes
of food products. Consumers are increasingly aware of the connection between food, health and environment resulting in the selection of food that is organic, low-carbon, free of artificial fertilisers or genetically modified organisms.
Cloud kitchen is the new emerging vertical: This is a takeaway outlet with no dine-in facility. With an increase in delivery orders, restaurants are shifting from the regular dine-in to the cloud kitchen model.
The focus of cloud restaurants is on the number of orders, mass food preparation
and reducing production and packaging.
There are various development are made in food service industry. you get to know about the development of food service industry.
Packaging and waste: Consumers prefer healthy and sustainable products. Digitisation in the food industry is helping find an alternative to plastics and nonbiodegradable packaging.
Edible packaging, micro packaging and other forms of packaging are being
Increased focus on health and hygiene: Following the COVID-19 pandemic, consumers have become more health-conscious and their preference for increased
hygiene practices is expected to grow significantly.
The focus of all the restaurants and QSRs is now on providing the consumers a safe, clean, hygienic and healthy ambience.
So there are the current food service industry trends in India.
India’s Food Service Industry in India was estimated at Rs 423,865 cr in 2018-19.
Food Service industry provides employment to around 7.3 mn people and this is anticipated to reach 9.2 mn in 2022-23 in Future. The future of food industry size is expected to cross Rs 5 lack Crore by 2025.