North Indians dominate QSR market
Quick Service Restaurants (QSR) market in India is projected to grow at a CAGR of over 18% during 2021-2025 due to increasing urbanization, rapid expansion in food delivery services, expanding young and working population, growing number of dual-income families and rising disposable income in the country.
The Beverage segment is expected to grow at a faster rate in the coming years on account of innovative offerings being launched in this product category, according to ‘India Quick Service Restaurants Market’ report by ResearchAndMarkets on 13 Mar 2020.
North India dominated the country’s QSR market in 2019. The region is expected to maintain its dominance during the forecast period.
Some of the major market players operating in India QSR market include Jubilant FoodWorks Limited, Coffee Day Global Limited, Hardcastle Restaurants Pvt Ltd (HRPL), Sapphire Foods India Pvt Ltd, Devyani International Limited, Connaught Plaza Restaurants Limited, Burger Kind India Pvt Ltd, Tata Starbucks Private Limited, Subway System India Pvt Ltd, Burman Hospitality Private Limited, among others.
Few of the other leading players include Sierra Nevada Restaurants Private Limited, Jumboking Foods Pvt Ltd, Wow Momo Foods Private Limited, Barista Coffee Company Limited and others.
Domino’s Pizza, McDonald’s, Caf Coffee Day, KFC (Kentucky Fried Chicken), Pizza Hut, Burger King, Starbucks, Dunkin’ Donuts, Costa Coffee, Subway and Taco Bell are few of the popular frontline QSR brand operating in the country.
Some other major brands include Wendy’s, Jumbo King, Wow! Momo, Wat-a-burger, Nirula’s, Burgs, Smokin’ Joe’s, La Pinos and Carls Jr Burger. fiinews.com
