According to credit rating agency ICRA, the industry is expected to grow by 20-25% in FY2024 in India, on account of steady demand uptick and increasing penetration driven by a rapid expansion of stores.
With the Indian food-tech market projected to soar from $3.1 billion in 2020 to a staggering $20.2 billion by 2025, the landscape is witnessing a flavorful revolution.
The post-covid era has taught us all to cherish life and focus on our emotional well-being. Keeping the sentiment alive, Hotel and restaurant NFTs can become souvenirs from a memorable stay or meal.
As per a LimeTray report, 83% restaurant operators prefer built-in features over integrations to be done later as they have seen that technology has changed the whole equation of the business.
Petpooja's software provides service to over 25,000 restaurants across India, UAE, and Africa, with over 1.5 million daily orders logged on the platform recording an annualized gross merchandise value of $2.5 billion.
Furthermore, in 2019, the global food market was close to USD 220.32 billion. It is expected to grow at a CAGR of 6% by 2027 reaching up to USD 342.52 billion.
A recent ING report proves that consumers expect to see healthier food on the store shelves in the future. 43% of respondents are looking for healthy options, while 18% are interested in eco-friendly products.