Consumer foodservice outlets are no longer competing solely in the physical landscape. The emergence of meal delivery services has disrupted where and how consumers eat and transact.
The median age of the population in India was 27.3 years in 2018, which made India a relatively young country in terms of consumer base.
Despite, growth of chained outlets being relatively higher than independents, the latter continued to dominate in 2018 because of the sheer number of outlets. The majority of these outlets are not approved by the government, as approval is not mandatory in India.
Over the forecast period, consumer foodservice transactions and value sales are expected to remain relatively stable, whilst outlet numbers for chained operators are expected to increase. The increased variety of options and preference amongst consumers for eating out is expected to drive sales over the coming years.
Because most urban millennials do not have the time or the energy to cook on a regular basis, ordering in one meal a day (either lunch or dinner) has become a common practice. One key change that has become a common phenomenon in India is the growth of the online channel and online food ordering.
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Discover the latest market trends and uncover sources of future market growth for the Consumer Foodservice by Location industry in India with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Consumer Foodservice market research database.