India Quick Service Restaurants Market Share, Size, Growth, Top Companies Analysis, Report 2024-2032

Quick Service Restaurants Market- India

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 7.60% (2024-2032)

Market Size in 2023: USD 22.83 Billion

Market Size in 2032: USD 46.02 Billion

The India quick service restaurants market is growing rapidly, driven by urbanization, changing lifestyles, and rising consumer demand. According to the latest report by IMARC Group, the market size reached USD 22.83 Billion in ​2023​. Looking forward, IMARC Group expects the market to reach USD 46.02 Billion by ​2032​, exhibiting a growth rate (CAGR) of 7.60% during ​2024-2032​.

India Quick Service Restaurants Market Trends and Drivers:

Key Drivers of Market Growth

• Rising Demand for Affordable and Convenient Food Options: Particularly popular among the young, urban population with busy lifestyles and increasing disposable incomes.
• Expanding Domestic and International Chains: The growing presence of global brands and rapid expansion of local chains.
• Proliferation of Digital Platforms and Food Delivery Services: Revolutionizing the sector with mobile apps and online ordering.

Emerging Trends in the QSR Market

• Healthier Menu Options: Increasing consumer demand for nutritious alternatives, such as salads, wraps, and grilled items.
• Technological Advancements: Adoption of digital payment systems, self-service kiosks, and contactless ordering to enhance customer experiences.
• Cloud Kitchens and Vegan Options: The rise of delivery-focused kitchens and growing popularity of plant-based food choices.
• Sustainability Practices: Increased use of eco-friendly packaging and waste reduction measures.

Future Growth Outlook

• Continued investment in technology and innovation is anticipated to drive the expansion of the India QSR market in the coming years.

India Quick Service Restaurants Market Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest India quick service restaurant market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

Breakup by Cuisine:

• Bakeries
• Burger
• Ice Cream
• Meat-based Cuisines
• Pizza
• Others

Breakup by Outlet:

• Chained Outlets
• Independent Outlets

Breakup by Location:

• Leisure
• Lodging
• Retail
• Standalone
• Travel

Breakup by Region:

• North India
• West and Central India
• South India
• East and Northeast India

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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