New Delhi, May 4 (BNP): Online food delivery in India has witnessed strong growth in recent years but continues to account for a relatively small share of the overall food services industry, according to a recent report by Investec.
The report highlights that the segment currently represents about 11 percent of the total food services market, rising significantly from around 3 percent in 2018. This sharp increase reflects growing consumer preference for convenience, wider digital adoption, and expanding urban demand.
While the sector has emerged as one of the fastest-growing segments in the food services space, a large portion of the market still operates through offline channels, indicating considerable scope for further expansion.
Industry observers believe that continued growth in organised food services, along with increasing smartphone penetration and changing lifestyles, will further support the expansion of online food delivery platforms in the coming years.
Overall, the findings suggest that although the sector has made rapid progress, it still has substantial room for growth in the Indian market.
