New Industry Report on India Quick Service Restaurant (QSR) Market Status and Prospects [2023-2030] has been released. The report is 120 pages long and provides an overview of the business with key types and applications along with the industrial chain structure. It includes information about the market, such as development trends, competitive landscape analysis, key regions, and their development status. The report also examines advanced approaches and plans, as well as manufacturing processes and cost structures. It analyzes import/export utilities, market figures, cost, price, revenue, and gross productivity of the market.

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During the FY 2016 – FY 2020 period, the QSR market increased at 17.27% and is expected to reach INR 827.63 Billion by FY 2025.

A quick service restaurant (QSR) is a fast-food outlet where people pay for food at the counter before consumption. QSRs have both fast food cuisines and small table services to cater to youngsters’ and working professionals’ requirements. QSR market has been experiencing steady growth over the past few years.

QSR has gained popularity due to growing eating-out habits, rising disposable income, changing lifestyle, and the online food delivery system’s growth. Both chain QSR and standalone QSR segments are expected to contribute equally to the market’s development during the forecast period.

Major players operating in the Indian QSR market include Burger King India Pvt. Ltd., Jubilant FoodWorks Limited, Burman Hospitality Private Limited, Jumboking Foods Private Limited, and many mores.

Impact of Covid-19

The pandemic and the prolonged global lockdown severely impacted the foodservice market in India. In the middle of March 2020, the Government of India temporarily closed all hotels, restaurants, and food courts across the country as a precautionary measure to contain the spread of COVID-19. In response to the COVID situation, QSRs have increasingly turned to the food delivery sector. Many foodservice companies have adopted take-away services to deliver safe, hygienic, and customized orders to their customers.

Market segment insights

In FY 2020, chain QSRs held the highest market share (~54.2%) in India’s overall QSR market. An increase in consumers’ propensity to eat out and a growing number of innovative fast-food chains are the driving factors for chain QSRs segment. Besides, innovative payment systems and point of sales systems are the primary factors for the growth of the chain QSRs segment in the QSR market. Based on the model, the take-away and home delivery segments are expected to expand at a higher growth rate of around ~18.0% and ~17.4%, respectively, between the FY2021 and FY2025 period as compared to dine-in segment

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Key growth drivers of the market

The increasing trend of eating out in urban cities in India, across all the economic classes, without the need for any special occasion, has boosted the demand for QSRs. People increasingly prefer eating outside as a part of their leisure outings or shopping experience. This trend is mainly visible among the millennial age group of 25 to 40 years. Moreover, with the growing exposure to international lifestyles and culture, people have started developing their tastes and are eating out at restaurants more often to have different cuisines
Rapid urbanization due to the increase in population and economic growth and the rise in disposable income of people have led to the penetration of eating out culture in the country. Per-capita monthly income in India is estimated to have increased by 6.8% to INR 11,254 in FY 2020 from INR 10,534 in FY 2019. Besides, an increasing number of fast-food franchises in untapped areas and expansion of tier II and tier III cities have led to the rise in the number of quick service restaurants

Key deterrents to the growth of the market

Setting up restaurants in India is a very time-consuming and tiresome process since it requires multiple government clearances. Apart from that, the lack of a skilled workforce is another major challenge faced by quick foodservice providers, primarily in small cities and towns.

Companies covered

Burger King India Pvt. Ltd.
Jubilant FoodWorks Limited
Burman Hospitality Private Limited
Coffee Day Global Limited
Devyani International Limited
Jumboking Foods Pvt. Ltd.
Sapphire Foods India Pvt. Ltd.
Subway System India Pvt. Ltd.
Tata Starbucks Private Limited
Westlife Development Ltd (Hardcastle Restaurants Pvt. Ltd.)

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Our most recent research report showcases the thriving expansion of the global India Quick Service Restaurant (QSR) Market and offers in-depth insights into the projected market size, share, and revenue until 2030.

The report addresses the following key questions regarding the India Quick Service Restaurant (QSR) market:

What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
How do consumers perceive and adopt different types of India Quick Service Restaurant (QSR) in the market?
How are regulatory policies and government initiatives impacting the growth of the India Quick Service Restaurant (QSR) market?
What is the market share of the top 5 players in the India Quick Service Restaurant (QSR) market and how is it likely to change in the future?
What are the latest technologies and innovations in the India Quick Service Restaurant (QSR) market and how are they shaping the industry landscape?
How do macroeconomic factors such as inflation, GDP, and exchange rates affect the India Quick Service Restaurant (QSR) market?
What are the challenges related to the supply chain and logistics that India Quick Service Restaurant (QSR) market players face and how are they addressing them?
How is the changing consumer behavior and preferences influencing the dynamics of the India Quick Service Restaurant (QSR) market?
What are the potential risks and uncertainties associated with investing in the India Quick Service Restaurant (QSR) market, and how can they be mitigated?

Reasons to Buy This Report

(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.

(B) The report offers comprehensive analysis of India Quick Service Restaurant (QSR) market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.

(C) The research includes segmentation of the India Quick Service Restaurant (QSR) market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.

(D) Analysis of the India Quick Service Restaurant (QSR) market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.

(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.

(F) The study helps evaluate India Quick Service Restaurant (QSR) business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.

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