July 9: India’s food services industry is heading towards a major transformation, with the market expected to touch USD 150 billion by FY31, according to a latest report. The growth will be driven by changing lifestyles, increasing urban demand, higher spending on dining experiences, and the rapid expansion of online food platforms.
The report highlights that digital adoption is reshaping the way Indians order and experience food. The online segment of the industry is expected to grow steadily, with its share projected to reach 18 per cent by FY31, supported by food delivery apps, digital payments, and technology-based services.
From restaurants and cloud kitchens to food entrepreneurs and delivery networks, the sector is creating new opportunities across the country. Rising consumer expectations and innovation in food services are further helping businesses adapt to a fast-changing market.
With strong consumer demand and growing digital integration, India’s food services sector is set to play an important role in the country’s economic growth story while creating new avenues for investment and employment.
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