New Delhi, Nov. 28 -- India's food services industry is projected to surpass Rs 10,70,880-11,15,500 crore (USD 120-125 billion) by 2030 reflecting around 60 per cent absolute growth from Rs 6,96,072 crore (USD 78 billion) in 2025, said a report released by Kearney-Swiggy.
The report 'How India Eats 2025' said, "The organised segment, led by cloud kitchens, quick service restaurants and cafe chains, is expected to expand at a 12-14 pc compound annual growth rate (CAGR), which is significantly outpacing the 5-7 pc growth of unorganised players.""Its share of total market value, which stood at 35-40 pc in 2019 and 45-50 pc in 2025, is likely to rise to 55 pc by 2030, supported by urban consumer preferences for convenience and technology-enabl...