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
My Approach is Both Strategic and Creative, Aiming to Inspire and Innovate
Ravi Rawat is the newly appointed Assistant Pastry Chef at Sheraton Grand Bengaluru Whitefield Hotel and Convention Center.
The Freezer Aisle Secret: Why Frozen Vegetables Might Be Your New Go-To
We often buy vegetables from local vendors, but how much do we really know about their origin and safety? Fresh produce has long been seen as the pinnacle of healthy eating, but there's a surprising contender: Frozen Vegetables.
Quintessence of Christmas Baking
Most festivals around the world have dedicated foods - easter eggs, Eid sweets or mutton, Holi sweets and Diwali specialities.
Berry Teeming with Health
Cranberries can be described as a group of evergreen dwarf shrubs or trailing vines, going up to 2 metres in length.
The Proof of the Pudding
They say the proof of the pudding is in the eating. Well, this age-old proverb holds true for all things and persons in life, which also includes pudding.
Market for Cookies
Cookies are gaining ground. According to Al Review cookie market which was valued at Rs. 405.29 billion in 2023 was expected to grow at a CAGR of 5.9% from 2024 to 2032. Institute for Industrial Development IID) is of the view that cookies manufacturing is one of the lucrative businesses. It believes that one can make a profit of up to 12-15 per cent. It thus provides an ideal opportunity for an intrepid entrepreneur to venture into this business. Ashok Malkani views different aspects of the industry like its growth potential, challenges faced by the market, and the basic necessities essential for an entrepreneur to enter into this lucrative arena.
Smoothies The Superb Superfood...
Smoothies have become popular over the past decade. Modern smoothie, which is believed to have been invented in the United States, made its way to India through a Smoothie chain in 2016. Hyderabad based, Drunken Monkey, which started in 2016 with its first smoothie bar, now has over 100 stores. One can gauge the popularity of this drink by this fact. Today, India is believed to have about 7000 smoothie bars, cafes and bakeries. The rise of smoothie culture is believed to have been driven by several factors like health awareness, disposable income, convenience, et al. Ashok Malkani delves on various aspects of this drink.
Bakels Launches Renshaw in India
Bakels, a global leader in the bakery ingredients industry, proudly announced the launch of Renshaw in India at a event held at the Bakels Baking Center.
Premium Chocolate Meets Ice Cream
SMOOR, the country's most preferred luxury confectionery brand, has announced its collaboration with Hangyo Ice Creams.
Cothas Coffee Completes 75 Glorious Years
Cothas Coffee, a household name in coffee, completes 75 glorious years of serving the best filter coffee to coffee lovers across Karnataka and India.
