Food Service Outlets In India
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Cafes and bars in India continue to grow in popularity, driven by rising disposable incomes and demand for socialization
- From 2017 to 2022, the number of quick service restaurants increased, registering a CAGR of 0.20%. An influx of the young population drives the market.
- Cloud kitchen outlets are the fastest-growing, and the sub-segment is projected to register a CAGR of 6.10% during the forecast period.
- The cafes and bars sub-segment held the major share of the market, at 48%, in 2022.
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