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The report, titled 'How India Eats', estimated that the country's food delivery industry will clock a compounded annual growth rate (CAGR) of 18% till 2030 to reach this size from INR 66,000 Cr in 2023

Further, market penetration is expected to increase from the current 12% to around 20%.

 

This growth is expected to come on the back of expanding customer base, growing consumption occasions, and a rise in supply, as per the report. These trends will also aid in the growth of the online food delivery market.

Swiggy food marketplace's CEO Rohit Kapoor said that the IPO-bound startup will be capitalising on this growth opportunity with an aggressive portfolio expansion.

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