A US$ 125 bn food services market by 2030, with the organized segment growing at 2x of the unorganized segment: Swiggy’s How India Eats 2025 edition in partnership with Kearney!

A US$ 125 bn food services market by 2030, with the organized segment growing at 2x of the unorganized segment: Swiggy’s How India Eats 2025 edition in partnership with Kearney

Chennai: Swiggy, (Swiggy Ltd, NSE: SWIGGY / BSE: 544285), India’s leading on-demand convenience platform, today launched the 2025 edition of its annual report titled “How India Eats”, in partnership with Kearney. The flagship report is a reflection of the Indian consumer’s evolving food habits, and this is its second edition.

The report forecasts that India’s food services market will cross US$ 125 bn by 2030, with the organized segment growing at 2x that of the unorganized segment.

● The organized segment will drive over 60% of the overall growth in food services, and overtake the unorganized segment.

● Food services presents a massive headroom for growth with contribution of 1.9% to GDP in India, vs. 5% in China and 6% in Brazil

While rising incomes, digital adoption and growing appetite for convenience will comprise the macro story behind this growth, it is the shape of this growth that is most interesting:

● The Indian consumer is experimenting more: 20% growth in unique cuisines ordered per customer, and 30% growth in restaurants ordered from per customer.

● Indulgence and health are seemingly dichotomous, yet simultaneous, trends.

○ Late night meals are growing ~3x that of dinner, with pizzas, cakes and soft drinks seeing the highest growth in consumption beyond 11PM.

○ Healthy and better-for-you meals are growing at 2.3x of overall orders, focused on increasing protein intake, watching calories and cutting down on added sugar.

The report also points to how India is seeing two exciting frontiers of growth in food services – rediscovering India’s rich culinary heritage..

● India is rediscovering its hyper-regional cuisines like Goan, Bihari and Pahari, which are growing at 2-8x of mainstream cuisines.

● Local Indian beverages like Buttermilk and Sharbat are growing at over 4-6x of overall beverages. pushing global QSRs to innovate for India – think Kala Khatta cold brew at a Starbucks, or a Chilli Guava drink at a McDonald’s.

● With tea growing at more than 3x of overall beverages, even the humble roadside stall break is being facilitated by digital channels

… while also embracing global culinary diversity like never before:

● Korean, Vietnamese and Mexican cuisines are becoming mainstream with growth indices of 17x, 6x and 3.7x. Even Peruvian and Ethiopian food have made their debut.

● Boba Tea and Matcha Tea have seen an 11x and 4x surge in search volumes, respectively, in the last five years.

● For the well-travelled and social media savvy urban Indian consumer, sushi, tacos and Korean BBQ are no longer niche and fast becoming weeknight staples.

Commenting on the report, Mr. Rohit Kapoor, CEO at Swiggy Food Marketplace said, “In a span of just over a decade, the industry has seen disproportionate evolution. Expectations on speed are being shaped by quick commerce; for instance, our 10-minute food delivery service Bolt contributes over 10% of platform orders. On one hand, consumers are demanding affordability in familiar cuisines like Indian and Italian, and on the other hand, adopting Matcha and Boba Tea like never before. And our restaurant partners are keeping pace, with QSRs and cloud kitchens projected to grow at a CAGR of 17%+, nearly 1.5x of organized food services growth. I am really excited to see what the next decade has in store for all the stakeholders in this dynamic space.”

Rajat Tuli, Partner, F&B Lead, QSR Asia Lead at Kearney added, “What we are witnessing is a fundamental broadening of India’s food economy. Growth is no longer concentrated in a few metros; dining-out growth beyond top 8 cities is 2x that of top 8 cities, with corporate, industrial, education and tourist hubs leading the charge. GenZ offers high promise, growing 3x of other cohorts in the dining-out segment while demanding innovations like coffee raves and Instagram-worthy locations and menus. The next wave of leadership in food services will come from players who understand these new markets and consumers. Additionally, in food delivery, packaging innovation will substitute for format in dining-out.”

To effectively address these trends, food services players will need to balance multiple priorities and deliver, focusing on speed, affordability and experience:

● Restaurants are spending 75%+ of their marketing budgets on digital channels especially to tap younger consumers

● Pre-booking in dining-out is growing at 7x of walk in orders

● Familiar cuisines like North Indian and Italian are seeing 10-40% higher indexation on growth across lower price points

● The e-commerce unboxing experience is being replicated in food delivery: think butterfly burger boxes unfolding into plates, and slow-cooked dum biryani brought to you in earthen handis

About Swiggy
Swiggy is India’s pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by over 6.9 lakh delivery partners. With an extensive footprint in food delivery, Swiggy Food collaborates with over 2.6 lakh restaurants across 720+ cities. Instamart, its quick commerce platform operating in 128 cities, delivers groceries and other essentials across 20+ categories in 10 minutes. Fueled by a commitment to innovation, Swiggy continually incubates and integrates new services like Swiggy Dineout and Swiggy Scenes into its multi-service app as well as creating standalone offerings like Snacc, Toing and Crew for opening up new market segments. Leveraging cutting-edge technology and Swiggy One, the country’s only membership program offering benefits across food, quick commerce and dining out, Swiggy aims to provide a superior experience to its users.

For more details, please visit our website: www.swiggy.com/corporate/
About Kearney
Kearney is a leading global management consulting firm with deep-rooted expertise in strategic transformation. We work with more than three-quarters of the Fortune Global 500, as well as with government bodies and nonprofit organizations. As a global consulting partnership in more than 40 countries, our people make us who we are. We are individuals who take as much joy from those we work with as the work itself. Driven to be the difference between a big idea and making it happen, we work alongside our clients to regenerate their businesses to create a future that works for everyone. To learn more about Kearney, please visit www.kearney.com.