Restaurant! It is a most popular name in the present world. Many people do not have their meal in their home, they always take meal and food from restaurant. Restaurant is a public place, which opens to all for selling food and beverage to any person and peoples. We are visit restaurant and take food from restaurant. But we don’t the proper meaning or definition of Restaurant.
The Indian restaurant industry is worth Rs.75, 000 crores and is growing at an annual rate of 7%. The industry is highly fragmented with 1.5 million eating outlets, of which a little more than 3,000 outlets form the organized segment. However, the organized segment is rapidly growing at an annual rate of 16%. Quick service segment is the clear winner in the eating out market with a growth rate of 21%.Organized Segment is expected to reach Rs.22,000 crore by 2017.
By 2020, the organized and unorganized segment of Indian restaurant industry will have the market size of INR33, 975 crores and 103,909 crores respectively.
The restaurant market in India which is mainly comprised of the unorganized and organized restaurant market. The unorganized restaurant market includes the roadside vendors, Dhabas, Chinese vans and trolleys. The organized restaurant market includes the Quick Service Restaurants (QSR), the full service restaurants, PBCL (Pubs, Bars, Clubs and Lounges) and the food courts and kiosks. The report provides the market share and company profiles of major players in major segments.
Overview of the Indian food services market. The Indian food services market was estimated at INR715 billion in 2009. Of this, the catering services and unorganized food stalls accounted for around INR260 billion. The Indian restaurant market has experienced robust growth of around 16%–17% over the past three to five years and currently accounts for a share of approximately 1.6% of the total consumer wallet.
The current size of the Indian food service industry is INR 247,680 crore and is projected to grow to INR 408,040 crore by 2018 at 11%.
The changing lifestyles with the increasing nuclear families and a rise in the urbanization in India over the past years have also supported the growth of the restaurant market in India. Additionally, the customer preference for the cuisine has seen a transition in India from consuming the traditional Indian food to trying out different cuisines such as the Chinese, Italian and Mexican. Due to the growing exposure to the international cultures and lifestyles, the Indian population has started developing their tastes and is reaching out to restaurants more often which offer different cuisines apart from Indian cuisine. This change in the taste preference of the people in India has motivated many international and Indian players to expand their reach in the Indian restaurant market.
In India, the concept of microbreweries is just about a decade old. While there have been a number of commercial beer brands in the country, and their market has been very strong as well. The microbrewery market exists in several tier-1 and tier-2 city markets; including, Gurgaon (state of Haryana which borders New Delhi and Uttar Pradesh in northern India, Mumbai and Pune (state of Maharashtra) in central and western India, and Bangalore (state of Karnataka) in southern India. Microbrewery owners report they are expanding into additional tier-2 cities and new players are entering into tier-1 cities, too.
The beer market is rapidly expanding and is expected to reach $9billion in 2018. It is the third largest market in the Indian alcoholic beverages industry. The size of the beer market has virtually doubled every five-and-a-half years. Beer market has been segmented into strong beer and mild beer on the basis of their alcohol content.
The country has 85 large breweries and a heavily centralised market, with just four large global players controlling 86 per cent of the market. India now ranks among the top five markets in Asia-Pacific in terms of volume.
Craft beers and microbreweries are niche concepts in India which have been growing for past few years and are beginning to take shape now. They are mushrooming in many parts of the country. This is an emerging trend that is certainly attracting middle class Indians, particularly in urban areas. The craft beer market in India is pegged at Rs. 280 crore and may grow to Rs. 4,400 crore by 2020.
In 2015, UK saw 80 new microbreweries opening. Germany, however, is what beer is most identified with. The country has 1000 microbreweries, of which 780 are in Bavaria region alone. There are about 95 Microbrewery/Restaurants, which will grow to 175-180 by end 2017. Geographically, the division is 51 in the North Region, 26 in the south, 18 in the west and 2 in the east region.
Few Indian Major Players are as under
· A G S Hotels & Resorts Pvt. Ltd.
· Au Bon Pain Cafe India Ltd.
· Green Dot Restaurants Pvt. Ltd.
· Hardcastle Restaurants Pvt. Ltd.
· R T C Restaurants (India) Ltd.
· Speciality Restaurants Ltd.
· Wah Restaurants Pvt. Ltd.
· Toit Brewpub
· Windmills Craftworks
· ABC India
· The Biere Club
· Vapour Pub & Brewery
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