The Food and Beverage service industry is one of the most vibrant service industries within India with over 25% yearly growth. Although predominantly concentrated in the unroganised space, with the advent of foreign and Indian restaurant chains, the organised market is likely to expand quite rapidly.
Food expenditure constitutes the majority of our consumption basket and with an increasing young population, eating out will only grow. Eating out has evolved from an occasion driven activity to an occasion in itself for the youth for whom eating out is the most favoured activity besides hanging out with friends.
Amongst the various segments within the restaurant sector, Quick Service Restaurants and Casual Dining Restaurants constitute the largest categories – combined they constitute more than 77% of the overall market.
The Restaurant Sector has been one of the first sectors to attract foreign interest due to huge opportunity. Indian entrepreneurs will capitalise on the opportunity and it is likely for more organised chains to emerge in the next decade.
Some of the key issues marring the industry include:
In this report, we have attempted to highlight the key issues and suggested certain measures to counter these based on industry feedback.
Overview of the Indian F&B sector
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