Press release
Quick Service Restaurant Market in India Seeking New Epic Growth | Tata Starbucks, Westlife, Coffee Day
Quick Service Restaurant Market
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Summary
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. 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.
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 Influencers
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
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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 market overview
4.2. Quick Service Restaurant market size and growth forecast
....Continued
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