The Indian restaurant industry is growing at a CAGR of 8.1%, with the South Indian segment playing a significant role. The market is predicted to reach $125 billion by 2029.
Street food holds a special place in India’s culinary heart, with its bold flavors and casual appeal. Today’s fine dining restaurants are taking these much-loved snacks and giving them an elegant twist.
Though, people want to indulge today but meanwhile, they look for healthier alternative for it and that’s where these new age restaurant owners are playing the game.
In a country with a rapidly evolving food landscape, the IRC 2024 proves that the restaurant industry’s future is bright and filled with possibilities.
According to reports, the matcha market would be valued USD 2.36 billion in 2024 and rise at a compound annual growth rate (CAGR) of 4.17% to reach USD 2.89 billion by 2029.
Inflation had a particularly acute effect on the restaurant business. For example, food inflation surged to over 10% in June 2024, significantly raising input costs for restaurateurs.