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.
Market size of quick service restaurants in India in 2024, with an estimate for 2029
(in billion U.S. dollars)
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Mordor Intelligence. (August 16, 2023). Market size of quick service restaurants in India in 2024, with an estimate for 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/675387/market-value-of-quick-service-chain-restaurants-in-india/
Mordor Intelligence. "Market size of quick service restaurants in India in 2024, with an estimate for 2029 (in billion U.S. dollars)." Chart. August 16, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/675387/market-value-of-quick-service-chain-restaurants-in-india/
Mordor Intelligence. (2023). Market size of quick service restaurants in India in 2024, with an estimate for 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/675387/market-value-of-quick-service-chain-restaurants-in-india/
Mordor Intelligence. "Market Size of Quick Service Restaurants in India in 2024, with An Estimate for 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 16 Aug 2023, https://www.statista.com/statistics/675387/market-value-of-quick-service-chain-restaurants-in-india/
Mordor Intelligence, Market size of quick service restaurants in India in 2024, with an estimate for 2029 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/675387/market-value-of-quick-service-chain-restaurants-in-india/ (last visited November 21, 2024)
Market size of quick service restaurants in India in 2024, with an estimate for 2029 (in billion U.S. dollars) [Graph], Mordor Intelligence, August 16, 2023. [Online]. Available: https://www.statista.com/statistics/675387/market-value-of-quick-service-chain-restaurants-in-india/
