Due to some favourable socio-economic factors, India’s QSR market is growing impressively. According to an ASSOCHAM’s report dating back to 2015, the quick service restaurant sector in India was growing at a CAGR of 25 percent, and was likely to touch Rs.25,000 crore mark by 2020 from Rs.8500 crore in 2015. Ashok Malkani explores the happening QSR business scenario in India, where several international brands like McDonald’s, KFC, Subway, Domino’s Pizza and others have established themselves and by tailoring their offerings to Indian tastes, they have scripted or are scripting success stories in India’s QSR business.
Large youth demography, shortage of time and growing trend of experimentation is making burgers and pizzas the favourite snacks among many urban Indians, which is amply manifested by thick crowd of all ages at the outlets of McDonald’s, Subway, Pizza Hut, Domino’s, etc. across the metros of urban India. And this trend is percolating to smaller cities and towns of the country too.
An Impressive Growth Story
With up to 60 percent of our population being under 30 years of age, and with many of them having shortage of time and influence of western eating habits, it is but natural that they would opt for quick and tasty bites at QSRs at pocket-friendly prices.
The increase in disposable incomes in select but sizeable pockets of urban India during the last decade-and-a-half has also contributed to the growth of the QSR segment in India. The number of Indian households with an annual income of over 5,000 USD has increased over the past decade, resulting in private consumption to double than that of a decade ago.
It is no wonder that according to a report by CyberMedia Research (CMR), the market for organised food service industry in the country will reach 33 billion USD by 2020, with QSR segment likely to attain a figure of 4.1 billion USD by 2020. This data may excite many new players to enter India’s promising QSR segment with their burgers, pizzas, sandwiches, patties or croissants in the near future.
هذه القصة مأخوذة من طبعة April/May 2017 من Bakery Review.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April/May 2017 من Bakery Review.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Caffe Allora Expands
Caffe Allora, the renowned Italian bistro, unveils its latest venture with the opening of its sixth outlet at Phoenix Mall of Asia, Bangalore.
Atelier V Expands Offerings
Indore's fine dining restaurant, Atelier V, launched its brand new breakfast menu. Crafted by the acclaimed chef and owner Vedant Newatia, this innovative spread caters specifically to patrons who crave a truly delicious start to their day.
Indulge in 'Nostalgia'- The Old School Bakery
Bandra's newest Nostalgia Cafe and Bakery, where your dreams come true to relive the simpler moments as you indulge in a few nostalgic snacks and comfort drinks.
Success of Bakery Outlets
The bakery and confectionery business in-modern India has a great potential This is natural considering to grow the fact that today's urban India has huge numbers of nuclear families, many of whom have very little time at their disposal to cook elaborate meals.
The Priceless Spice
To put it simply, saffron is a spice. Of course, this definition also needs to be followed by several descriptions and explanations. One of them is that saffron is the costliest spice on the planet, by weight.
The Indian Cottage Cheese
Paneer is the most in-demand dairy product in India. It is a fresh and delicate cottage cheese or milky cheese, rich in all nutrients as well as delicious in taste. In the Indian subcontinent, many people have derived a method to preserve fresh milk in the form of paneer. Paneer, the Indian cottage cheese is comparable to the popular western ricotta cheese both in terms of texture and taste.
Key Bakery Trends
One of the largest segments in the food processing sector in India, Bakery industry is poised to witness remarkable growth.
Breaking Fast
The role of breakfast in our daily routine cannot be overstated. It is perhaps the most important of all meals; a hearty breakfast can greatly facilitate to give a good and cheerful start to the day.
Market for Healthy Bakery Ingredients
The bakery market, according to IMARC, is likely to grow at a CAGR of 9.9% between 2024-2032. The growth has been mainly because the industry is aware of the consumers' growing demand for healthy low trans-fat, bakery items and is making all efforts to meet this requirement. The basic ingredients thus need to be altered and this provides a prodigious opportunity for an enterprising entrepreneur to venture into a lucrative market - The Bakery Ingredients Market. But for this the entrepreneur has to make a thorough study not only of the growing needs of the industry but also the different healthy ingredients that the industry will need in the future. Ashok Malkani deliberates on the healthy raw materials that are likely to be used by the industry, thus enabling the entrepreneurs, keen on entering the business, to succeed.
International Snacks
International snacks like doughnuts, burgers and waffles have today become common among not only the millennials but people of all ages. Their popularity has become equivalent, if not more, than that of the Indian snacks. Their adaption to suit the Indian palette, have contributed to their widespread consumption. Ashok Malkani delves on the factors contributing to their finding favour with the populace and their future.
