FOOD FOR THOUGHT: The growing food services market
ILLUSTRATION: AJAY MOHANTY
It is not without reason that the Indian food services market is considered a sunrise sector. The market, according to the National Restaurant Association of India (NRAI), an apex body of food service operators, and Technopak It, is estimated to grow at a compounded annual growth rate of 10 percent over the next five years. This is ahead of the 7.7 percent the market registered annually between 2013 and 2016. While a discretionary slowdown is still a challenge for most players, especially, organised players, a robust out look for the market hints that most remain bullish about food services in the country over the medium to long tern, reports Viveat Susan Pinto
Indian food services market at a glance ?
Total Market (2016) 3,09,110
- Chain market* (20,400)
- Standalone market** (72,255)
- Standalone (hotels)*** (8,820)
- Unorganised market Figures in cr (2,07,635)
Total Market (2021) 4,98,130
- Chain market* (50,950)
- Standalone market** (1,39,660)
- Standalone (hotels)*** (13,570 )
- Unorganised market Figures in cr (2,93,950 )
* Chain market includes restaurants, bars, pubs, cafes, lounges, with more than3 outlets
** Standalone market includes single restaurants, bars, pubs, cafes, lounges etc
*** Standalone (hotels) means restaurants in hotels
City-wise break-up of food services (2016) ?
Mega metros*
- Chain market (9,525)
- Standalone Market (19,55)
- Others (36,335 )
Next 6 cities**
- Chain market (9,135 )
- Standalone Market (17,055 )
- Others (32,900 )
Next 21 cities
- Chain market (1,140)
- Standalone Market (5,410)
- Others (24,045)
Rest of India
- Chain market (600)
- Standalone Market (30,435)
- Others (1,14,355)
* Mega metros include Mumbai and Delhi
** Next6 cities include Pune,Ahmedabad, Bengaluru, Hyderabad, Chennai and Kolkata Source: NRAI-Technopak Report2016
