Market size of quick service restaurants in India 2024-2029
The quick-service restaurant market in India was valued at about 25.46 billion U.S. dollars in 2024. It was forecasted to reach 38.7 billion U.S. dollars in 2029.
Unorganized versus organized QSR sector
Roadside eateries, Dhabas, and food stalls, the traditional fast food formats formed a major part of the unorganized sector. The organized fast-food sector in India was dominated by global food chains like Dominos, McDonalds, KFC and Pizza Hut. These leading chain restaurants successfully catered to the country's population and by adding customized dishes to their standard menus.
Impact of COVID-19 on QSRs
The food service industry was tremendously affected by the COVID-19 pandemic and the subsequent lockdowns. The pandemic created a massive demand for online food delivery services. Swiggy and Zomato emerged as the leading food delivery services in the country and introduced new features such as grocery delivery, pay later services and running errands to stay ahead of their competitors.