India’s food services market to reach USD 150 billion by FY31, online share to rise to 18%: Report

New Delhi [India], July 9 (ANI): India’s food services market is expected to grow from around USD 90 billion in FY26 to USD 150 billion by FY31, with online food delivery continuing to gain a larger share of the market, according to a report by Redseer Consulting.

The report said the online segment’s share in the food services market is projected to increase from 11 per cent in FY26 to 18 per cent by FY31, reflecting changing consumer preferences and growing adoption of food delivery platforms.