India: Food Service - Hotel Restaurant Institutional
Link to report:
India’s hotel, restaurant and institutional (HRI) sector is set to thrive in 2023, after facing three years of downfall due to COVID-19 pandemic restrictions. The Indian HRI sector is booming in 2023, with an increase in domestic leisurely travel along with a major influx of foreign nationals coming to India to attend G-20 events and the upcoming Cricket World Cup. The United States remains the largest supplier of consumer-oriented food products to India, and prospects for more imports in FY 2024 looks bright. New trends such as demand for local and regional recipes elevated with high quality imported ingredients, healthier snacking, quick grab and go meal options and use of artificial intelligence to personalize hospitality are becoming more popular in India. Prospects for U.S. consumer-oriented food products including tree nuts, fresh fruits, berries, wines, distilled spirits, condiments, and processed foods continues to remain high.
