INDIA'S FOOD DELIVERY SECTOR POISED FOR DOUBLE-DIGIT GROWTH
India's online food delivery market is set for a rapid expansion, mainly due to rising order frequency, expanding Tier-2+ penetration, and expansion in average order value. As digital adoption and urbanisation reshape consumption patterns, the sector is expected to scale from USD 9.1 billion in 2024 to nearly USD 27 billion by 2030, growing at a 19% CAGR. Structural shifts such as smaller households, longer working hours, urbanisation and migration away from family support systems are gradually increasing the frequency of eating out and ordering in.
The two listed stocks that are set to benefit from this trend are ETERNAL and SWIGGY . Both the companies can see double-digit growth in the coming years.
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