New Delhi, July 23 -- Despite challenges, India's food delivery and quick commerce (QC) sectors are expected to maintain strong growth momentum in the coming years, according to a report by Nirmal Bang.

The report highlighted that the food delivery market in the country is expected to grow at a compound annual growth rate (CAGR) of 17-22 per cent between 2023 and 2028.

Meanwhile, the quick commerce segment is likely to expand even faster, with a projected CAGR of over 60 per cent during the same period.

It stated that "India's Food Delivery & QC to Sustain Growth".

The report stated that platforms such as Swiggy and Eternal are expected to continue leading the food delivery segment. On the demand side, factors like customer preference...