Global Food Services, per National Restaurant Association of India (NRAI), Oct 2026 (independent research).
Source: National Restaurant Association of India (NRAI), Oct 2026 [1]
Global food services industry reached USD 3.6 Trillion in 2024 and is projected to exceed USD 4.2 Trillion by 2026. Quick Service Restaurants (QSRs) hold a 40% global share, followed by Full Services, Casual, and Fine Dining Restaurants holding 35%. [1]
| Figure | Period | Value |
|---|---|---|
| Global Food Services Market Size [1] | 2024 | US$3.6 trillion |
| Global Food Services Projected Market Size [1] | 2026 | US$4.2 trillion forecast |
Online food delivery in India covers 6.6 crore urban users across 300+ cities. Post-pandemic growth is led by Cloud Kitchens (30-40%), Cafes (15-20%), QSRs (15-20%), Desserts/Ice Creams (15-20%), Fine Dining (10-15%), and Casual Dining Restaurants (5-10%). [1]
| Figure | Period | Value |
|---|---|---|
| Urban Food Delivery Platform Users [1] | 2024 | 6.6 crore |
| Cloud Kitchen Segment Growth Rate [1] | 2024 | 35% |
| Casual Dining Restaurant Growth Rate [1] | 2024 | 7.5% |
The Indian food services industry recovered strongly post-pandemic, expanding to ₹ 5,69,487 crore in FY24. The organized segment grew at 10.5% in FY23, while the unorganized sector share dropped to 58% from 65% in FY19. [1]
| Figure | Period | Value |
|---|---|---|
| Indian Food Services Industry Market Size [1] | FY2024 | ₹5.69 lakh crore |
| Unorganized Sector Share [1] | FY2023 | 58% |
| Organized Segment Growth Rate [1] | FY2023 | 10.5% |
| Topic | Figure | Period | Value |
|---|---|---|---|
| Overview | Global Food Services Market Size [1] | 2024 | US$3.6 trillion |
| Overview | Global Food Services Projected Market Size [1] | 2026 | US$4.2 trillion forecast |
| Market size and growth | Urban Food Delivery Platform Users [1] | 2024 | 6.6 crore |
| Market size and growth | Cloud Kitchen Segment Growth Rate [1] | 2024 | 35% |
| Market size and growth | Casual Dining Restaurant Growth Rate [1] | 2024 | 7.5% |
| Outlook and risks | Indian Food Services Industry Market Size [1] | FY2024 | ₹5.69 lakh crore |
| Outlook and risks | Unorganized Sector Share [1] | FY2023 | 58% |
| Outlook and risks | Organized Segment Growth Rate [1] | FY2023 | 10.5% |
According to National Restaurant Association of India (NRAI) (October 2026), the global food services market was US$3.6 trillion in 2024.
National Restaurant Association of India (NRAI) projects US$4.2 trillion by 2026. Forecasts are the source's, not FinMinutes'.
Built from 1 source: 1 independent research. Each figure carries its source number, which links to the full source list with dates and page references.
Figures are quoted from the sources listed above, with their dates and page references. They are not FinMinutes estimates and are not a recommendation about any security. All industries →