- Wednesday, April 24, 2024
By: Eastern Eye Staff
The food services market in India is projected to reach over Rs 5,52,000 crore in the next five years i.e. a growth of 63.5% from the present (in 2017) estimates of Rs 3,37,500 crore. According to a latest FICCI-Technopak report, the sector is growing at a compounded annual growth rate (CAGR) of 10% and two mega metros viz. Mumbai and Delhi-NCR contribute to 22% of the overall food services market (11% each). This is followed by six mini metros (Pune, Ahmedabad, Bengaluru, Chennai, Hyderabad and Kolkata) comprising of 20% share in this space. The report pointed out that high percentage…
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