Future of Food
The Indian food industry is expected to grow to USD 8 billion at an average annual growth rate of 25-30% by the end of 2022.
Investments in the Indian food tech industry have increased 35 times over the past five years. As a result, the reach of food tech unicorns like Swiggy and Zomato increased six times from 2017 to 2019.
At the same time, consumers spend more than twice as much time ordering online - from 32 minutes a month in 2017 to 72 minutes a month in 2019 the network of restaurants on food tech platforms are driving the dynamism of the industry forward.
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