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India Quick Service Restaurants Market Report by Cuisine (Bakeries, Burger, Ice Cream, Meat-Based Cuisines, Pizza, and Others), Outlet (Chained Outlets, Independent Outlets), Location (Leisure, Lodging, Retail, Standalone, Travel), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A21662
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Market Overview:
India quick service restaurants market size reached US$ 22.83 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 46.02 Billion by 2032, exhibiting a growth rate (CAGR) of 7.60% during 2024-2032. The increasing integration of technology, such as online ordering platforms, mobile apps, and self-service kiosks, which enhances customer experience and operational efficiency, is driving the market.
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Report Attribute
|
Key Statistics
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|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 22.83 Billion |
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Market Forecast in 2032
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US$ 46.02 Billion |
| Market Growth Rate 2024-2032 | 7.60% |
Quick service restaurants (QSRs) are dining establishments that prioritize fast and efficient service, catering to customers seeking convenient, on-the-go meals. Known for their streamlined operations, QSRs focus on speedy food preparation and minimal wait times. These establishments often feature limited menus with popular and easily prepared items, such as burgers, fries, sandwiches, and salads. QSRs leverage efficient ordering systems, including drive-thrus, self-service kiosks, and mobile apps, enhancing the overall dining experience. The emphasis on speed does not compromise the quality of food, as QSRs strive to maintain consistent taste and freshness. Examples of well-known QSR chains include McDonald's, Subway, and Taco Bell. The QSR model has become increasingly popular in response to the fast-paced lifestyles of modern consumers, offering a convenient solution for those seeking a quick and satisfying meal.
India Quick Service Restaurants Market Trends:
The quick service restaurants market in India is experiencing robust growth, driven by several key factors. Firstly, the increasing pace of modern lifestyles has led to a surge in demand for convenient and quick dining options, propelling the QSR industry forward. Additionally, the growing trend of on-the-go consumption and busy work schedules has heightened the preference for fast and efficient food services, reinforcing the market's upward trajectory. Moreover, the widespread adoption of digital technologies has significantly contributed to the expansion of the QSR sector. Online ordering platforms, mobile apps, and contactless payment options have streamlined the customer experience, fostering convenience and accessibility. Furthermore, the emphasis on diverse and customizable menus, catering to evolving consumer preferences and dietary requirements, has positioned QSRs as versatile and appealing dining choices. In tandem, the regional urbanization trend has accelerated the QSR market's growth, particularly in densely populated areas where quick, affordable, and tasty meals align with the needs of the bustling population. The relentless pace of urban life, coupled with an increasing focus on cost-effective dining solutions, consolidates the QSR market's position as a key player in the modern food industry. In conclusion, the confluence of changing lifestyles, technological advancements, and urbanization acts as potent drivers propelling the regional QSR market towards sustained expansion.
India Quick Service Restaurants Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on cuisine, outlet, and location.
Cuisine Insights:
- Bakeries
- Burger
- Ice Cream
- Meat-based Cuisines
- Pizza
- Others
The report has provided a detailed breakup and analysis of the market based on the cuisine. This includes bakeries, burger, ice cream, meat-based cuisines, pizza, and others.
Outlet Insights:
- Chained Outlets
- Independent Outlets
A detailed breakup and analysis of the market based on the outlet have also been provided in the report. This includes chained outlets and independent outlets.
Location Insights:
- Leisure
- Lodging
- Retail
- Standalone
- Travel
The report has provided a detailed breakup and analysis of the market based on the location. This includes leisure, lodging, retail, standalone, and travel.
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
India Quick Service Restaurants Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
| Cuisines Covered | Bakeries, Burger, Ice Cream, Meat-Based Cuisines, Pizza, Others |
| Outlets Covered | Chained Outlets, Independent Outlets |
| Locations Covered | Leisure, Lodging, Retail, Standalone, Travel |
| Regions Covered | North India, West and Central India, South India, East and Northeast India |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the India quick service restaurants market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the India quick service restaurants market?
- What is the breakup of the India quick service restaurants market on the basis of cuisine?
- What is the breakup of the India quick service restaurants market on the basis of outlet?
- What is the breakup of the India quick service restaurants market on the basis of location?
- What are the various stages in the value chain of the India quick service restaurants market?
- What are the key driving factors and challenges in the India quick service restaurants?
- What is the structure of the India quick service restaurants market and who are the key players?
- What is the degree of competition in the India quick service restaurants market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India quick service restaurants market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the India quick service restaurants market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India quick service restaurants industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
Need more help?
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- For further assistance, please connect with our analysts.
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