HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > Analysis
ANALYSIS

NRAI India Food Services Report 2019

Friday, June 7, 2019, 17:23 Hrs  [IST]

National Restaurant Association of India (NRAI) has released its fourth India Food Services Report (IFSR) recently. The NRAI IFSR 2019 estimates Indian food services industry’s market size at INR 4.23 lakh crore in 2018-19 and expected to grow at a CAGR of 9% to reach INR 6 lakh crore in the next five years. Prepared after interactions with 130 CEOs of the industry and 3,500 consumers in 24 cities in India, IFSR 2019 puts the share of the organised industry in the overall Food Services industry stake at 35%. The share of the organised industry is expected to reach 43% in the next five years. The industry employs 7.3 million people as of today and expected to increase to 9.2 million in 2022-23. In the overall food services business, ‘affordable casual dining’ continues to dominate the market and is the fastest growing vertical within the industry. Despite increasing technology and digital play in the industry, the NRAI report says that the home/online delivery of food market is only 25%. The industry report expects factors like changing demographics, increase In disposable income, growing urbanisation, internet penetration and proliferation of online services to accelerate the growth of the industry. However, the dearth of skilled workforce and high attrition, high real estate cost and removal of ITC to hamper the growth. Hospitality Biz offers key highlights of the NRAI report.















 
Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with del.icio.usdel.icio.us Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
 POST A COMMENT
* Name :    
* Email :    
* Message :  
   
RELATED NEWS
»  'Thai Pavilion' restaurant awarded certificate of authenticity by Thai Consulate
»  Kabir Suri takes over as the New President of National Restaurant Association of India (NRAI)
»  Fairfield by Marriott Expands in India with the Opening of Fairfield by Marriott Goa Benaulim
»  POSist Expands its Cloud-Based Restaurant Platform for F&B Industry to Explore New Avenues
»  IndiJo Consulting to represent hotelemployeerate.com in India
»  Conrad Bengaluru kick starts The Wakao Food Fest
»  RARE India adds 18 new hotels
»  Roca India adds two new fresh Faucets to their Victoria Collection
»  Amazon Food announces the second chapter of ‘Great Foodie Fest’ in Bengaluru until August 29
»  McDonald’s India – North and East adds Noodle Masala to its menu
»  Radisson opens a new resort and spa in India
»  Sommet Education Enters India With Majority Stake Acquisition in Indian School of Hospitality
»  India number four in pipeline for new hotels, says Hyatt Hotels’ Peter Fulton
»  A.O. Smith India launches first-of-its-kind water purifier: INVI-U1
»  Hotel Association of India (HAI) meets the parliamentary standing committee
»  ‘A high-quality food service is one that is done with a genuine smile'
»  The Orchid Hotels South of Vindhyas Proudly presents special Onam Sadhya Lunch and dinner Buffet at restaurant
»  FHRAI-IHM becomes the 1st Private Institute Managed by India’s Apex Hospitality Association to be affiliated with NCHMCT, Noida
»  O Cafe announces Onam special food fest from August 20
»  Hilton India teams up with Wakao Foods to bring Innovations in Sustainable Food Concepts
 
CoverStory
Analysis
 
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
 
weekly
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar




Events
 
 
people
interview
newappoint
expert
© Copyright 2016 Saffron Synergies Pvt Ltd
HOME   |   ABOUT US   |   CONTACT US   |   FEEDBACK   |   DISCLAIMER   |   SITE MAP   |   ARCHIVES