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In Charts: How India’s food services industry is projected to grow

01 December, 2016

The pace of expansion in India’s food services industry is likely to quicken in the next five years, says a report by audit and consulting firm KPMG in association with industry group FICCI.

A young population, increasing disposable incomes and changing lifestyle are the key growth drivers for the industry, the report said. 

It said that the industry grew at a compound annual pace of 7.7% between 2013 and 2016 and that the rate will accelerate to 10% till 2021 to reach a size of almost Rs 5 trillion.

Another significant change that the report has predicted is that the share of the unorganised segment in the highly fragmented sector will fall over the next five years.

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In Charts: How India’s food services industry is projected to grow

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