Online food delivery to grow at 18 per cent y-o-y to ₹2-lakh crore segment by 2030

The Indian food services market is expected to double to about ₹9 lakh crore to ₹10 lakh crore, growing at 10-12 per cent year-on-year over the next seven years, a report released by Swiggy and Bain & Company noted. The market is currently pegged at about ₹5-lakh crore. At the same time, the online food delivery segment is expected to grow to 2.12 lakh crore by 2030, growing at a faster clip of 18 per cent year-on-year from the current ₹66,000 crore, it added.