News

Indian QSR market worth $27B by 2020, study says

Research and Markets announced the addition of the "Fast Food Market in India 2015 - 2020" report to their offering.

May 27, 2015

Research and Markets announced the addition of the "Fast Food Market in India 2015 – 2020" report to their offering, according to the firm's press release.

The report provides analysis of the factors that have led to the growth of the fast food market in India. The study addresses the variety of food offered in terms of cuisines, restaurant type and food category.

The study also found a large scope for expansion of fast food operations in Tier 2 and 3 towns and examines the future growth of companies, the release said.

The report highlights policies governing the fast food industry in India and the regulations and standards expected. In addition, it offers a comparative analysis of how the franchise model works in the industry.

Highlights:

• Indian fast food market is expected to grow at a CAGR of 18 percent by 2020 due to changing consumer behavior and demography.
• Fast food market in India is expected to be worth US$ 27.57 billion by 2020.
• About 10 percent of the fast food market in India is organized. NOVONOUS estimates that the organized fast food market in India is expected to grow at a CAGR of 27 percent by 2020.
• Vegetarian fast food constitutes of around 45 percent of the whole fast food market in India and is expected to grow at a CAGR of 18 percent by 2020.
• Fast food Casual dining restaurants (CDRs) market in organized fast food sector in India is projected to grow at a CAGR of 27 percent by 2019-20.
• Non casual dining restaurants (NCDR) or fast casual dining restaurants have gained tremendous market share in the last 10-15 years. Non-Casual dining restaurants (CDRs) market in organized fast food sector in India is also projected to grow at a CAGR of 27 percent in next 5 years.
• Quick Service Restaurants (QSRs) market in organized fast food sector in India is projected to grow at a CAGR of 20 percent by 2019-20.
• Millions of people eat ethnic fast food every-day from pani-puri to vada pav to dosa. To leverage the growth of ethnic fast food market many players are entering this market in an organised way.
• Ethnic fast food market in India is projected to grow at a CAGR of 31.95 percent by 2019-20.

Key topics covered:

1. Executive Summary

2. Need for Fast Food Market in India

3. Fast Food Market in India - Overview

4. Market Segments & Forecasts for Fast Food Market in India

5. Growth Driver and Inhibitors for Fast Food Market in India

6. Policies Related to Fast Food Market in India

7. Risks associated with Fast Food Market in India

8. Profile of Key Players in Indian Fast Food Market

9. Competitive Landscape in Indian Fast Food Market

10. Comparative Analysis of Franchise Options in Indian Fast Food Market

11. Industry Associations Related to Fast Food Market in India

12. Government Bodies Related to Fast Food Market in India

13. Analysis Models

14. Challenges Faced by New Players in Indian Fast-Food Market

15. Current and Future Trends in Indian Fast Food Market

16. Case Study

17. Strategic Recommendations

Companies mentioned:

- Amalgamated Bean Coffee Trading Company (Café Coffee Day)

- Goli Vada Pav Private Limited

- Hardcastle Restaurants Private Limited (McDonald's)

- Jubilant FoodWorks Limited (Dominos and Dunkin' Donuts)

- Jumbo King Foods Private Limited

- Neopolitan Pizza Limited

- Prem Sagar Dosa Plaza Private Limited

- Spring Leaf Retail Pvt. Ltd. (Mast Kalandar)

- Subway Systems India Private Limited (Subway)

- TMA Hospitality Service Pvt Ltd (Ammi's Biryani)

- Tata Starbucks Limited

- United Restaurant Limited

- Yum! Restaurants India (Pizza Hut, KFC, Taco Bell)