The metro cities in India have been center of development because of increased economic activity, rising disposable income, a greater need for convenience and an increasing women workforce.
Currently,the QSR format dominates the chain market, followed by the ACDR and cafe formats.
Cafe outlets are highest in West India followed by South, North and East India in order.
In 2016,the market size is estimated at around INR 72,255 crores and is projected to grow approx INR 139,660 crores by 2021,at a CAGR of 14%.
As many unorganized business is moving towards the organized business, the unorganized market share in the food service industry is projected to fall to nearly 59% by 2021.
ACDR is the most prominent format constituting 51% of the market followed by PBCL AT 15% and QSR at 13%.
The independent restaurants(hotels) market share is growing with a projected CAGR of about 9% from 2016 to 2021.
Approximately 75% of sales are coming from dine-ins across various seating formats with takeaway sales only coming at distant second.
The chain market share increased from 5% in 2013 to 7% in 2016 and is projected to rise 10% in 2021.
PBCL focus on alcohol and minimum age for consumers to visit is different in various states.