India’s food service industry spans formats driven by convenience, value and experience. 

The key segments include: 

• QSRs with their standardised menus and focus on delivery 

• Casual dining restaurants offer sit-down multi-cuisine dining; and fine dining with premium and chef-led experiences 

• Emerging models like cloud kitchens and subscription meals cater to delivery demand and affordability 

• Street food, cafés, and bars add regional and social appeal, 

 • Institutional and travel catering serve workplaces and transit hubs.

Exhibit: Share of organised and unorganised sector in Indian food service industry in CY2024

Source: ICRA Research