India Quick Service Restaurants (QSR) Market to Grow at 18% until 2025
According to a recently released TechSci
Research report, “India
Quick Service Restaurants Market By Product, By Type, By Model, By Sales
Channel, By Region, By Major City, Competition, Forecast & Opportunities,
2025”, Quick
Service Restaurants (QSR) market in India is projected to grow at a CAGR of
more than 18% during the period 2020-2025 on account of increasing number of
working women, rising internet penetration, growing disposable income and increasing
inclination towards online food delivery. Moreover, increasing urbanization, evolving lifestyles and growing number of nuclear
families in India are also boosting the QSR market in the country. Latest
trends in India QSR market include menu diversification, delivery expansion and
developing taste for the foreign delicacies.
Browse more than 15 market data Figures spread
through 70 Pages and an in-depth TOC on "India Quick Service Restaurants Market"
https://www.techsciresearch.com/report/india-quick-service-restaurants-market/4502.html
Quick Service Restaurants market in India is broadly categorized
into Chain and Standalone QSRs. Chain QSR segment accounts for the majority market
share and the segment’s share is forecast to further increase in the coming
years. In 2019, in terms of regions, the India QSR market was dominated by the North
region, followed by West, South and East regions of the country. Major players
operating in India Quick Service Restaurants market include Jubilant FoodWorks
Limited, Coffee Day Global Limited, Hardcastle Restaurants Pvt. Ltd. (HRPL), Sapphire
Foods India Pvt Ltd, Devyani International Limited, Connaught Plaza Restaurants
Limited, Burger Kind India Pvt Ltd, Tata Starbucks Private Limited, Subway
System India Pvt Ltd, Burman Hospitality Private Limited, etc.
Currently, popular brands in
India QSR market are Domino’s
Pizza, McDonald's, Café Coffee Day, KFC (Kentucky Fried Chicken), Pizza Hut, Burger
King, Starbucks, Dunkin’ Donuts, Costa Coffee, Subway, Taco Bell, Wendy’s, Jumbo
King, Wow! Momo, Wat-a-burger, Nirula’s, Burgs, Smokin’ Joe’s, La Pinos, and Carls
Jr Burger and others. In 2019, Jubilant FoodWorks Limited held the largest market
share in the country’s QSR market, and the company is expected to continue its dominance
through 2025
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“India Quick Service Restaurants market
is expected to grow at a rapid pace in the coming five years due to increasing
urbanization and working population. Also, increasing number of working women,
high-end product quality and international brand expansions are few of the
other major factors that are expected to augur well for the county’s QSR market
in the years to come.”, said Mr Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“India
Quick Service Restaurants Market By Product, By Type, By Model, By Sales
Channel, By Region, By Major City, Competition, Forecast & Opportunities,
2025” has evaluated the
future growth potential of India Quick Service Restaurants market and provides
statistics and information on market structure, consumer behavior and trends.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities available in India Quick Service Restaurants market.
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