India food services market to hit $150B by FY31, online share at 18%

India's food services market will reach $150 billion by fiscal 2031, with online delivery accounting for 18% of that total, according to a new report. Rising consumer spending and the convenience of digital ordering are driving the expansion.

Organized food service brands are growing faster than the unorganized sector, the report found. Snacks, desserts, and beverages offer the strongest growth opportunities for listed and private companies in the space.

The shift online means delivery platforms and cloud-kitchen operators stand to capture a larger share of wallet as more households order in. The organized segment's faster growth also points to consolidation pressure on smaller, independent outlets.

For investors tracking the sector, the key question is which companies hold the distribution and brand advantage to ride the online shift. Restaurant chains with strong delivery partnerships and snack-focused quick-service brands are the most direct beneficiaries.