DUBLIN–(BUSINESS WIRE)–The “Quick Service Restaurant (QSR) Market in India 2021” report has been added to ResearchAndMarkets.com’s offering.
During the FY 2016 – FY 2020 period, the QSR market increased at 17.27% and is expected to reach INR ~827.63 Bn by FY 2025. 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
Key growth drivers of the market
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
Key Topics Covered:
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
Chapter 4: Market overview
4.1. Quick service restaurant (QSR) market size and growth forecast (FY 2018 – FY 2025e)
4.1.1. Current market scenario
4.1.2. Expansion of international QSRs in India
4.1.3. Advertisement spend by QSR companies
Chapter 5: Market segmentation
5.1. Quick service restaurant market segmentation- Based on type (FY 2020 and FY 2025e)
5.1.1. Market size and growth forecast based on standalone QSR (FY 2018 – FY 2025e)
5.1.2. Market size and growth forecast based on chain QSR (FY 2018 – FY 2025e)
5.2. Quick service restaurant market segmentation- Based on model (FY 2018 – FY 2025e)
5.2.1. Market size and growth forecast based on dine-in QSR model (FY 2018 – FY 2025e)
5.2.2. Market size and growth forecast based on take-away QSR model (FY 2018 – FY 2025e)
5.2.3. Market size and growth forecast based on home delivery QSR model (FY 2018 – FY 2025e)
Chapter 6: Impact of COVID-19
6.1. Effect of COVID-19 on the market
Chapter 7: Market influencers
7.1. Market drivers
7.2. Market challenges
Chapter 8: Market trends
8.1. Market trends
Chapter 9: Competitive landscape
Chapter 10: Recent developments
Chapter 11: Appendix
For more information about this report visit https://www.researchandmarkets.com/r/vsdq3n
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