The mindset itself says a lot about the thought process of people and this is what attracts the market players internationally to enter into the competitive market of India. At present, if reports are to be believed, India is a leading commercial and economic hub in the South Asian region and several international entities are coming to the country with franchise opportunities. It has been reported that these franchises are helping the companies increase their footprints in India and also playing an important role in the country’s economic development with greater job creation.
Popularly known as Quick Service Restaurants (QSR), the fast-food industry has witnessed an exponential growth in India. The latest report by CRISIL, international fast food brands hold a 63% share of the Indian QSR market and this landmark took place ever since McDonald’s entered with its first outlet in 1996. According to experts, the trend has been accredited to primarily two factors: a spike in the disposable income of youngsters and a large youth population. Owing to these factors, the Indian fast food industry is expected to further prosper at an annual rate of 10% and be worth US$ 27.57 billion by the end of 2020, making it a brand new mega-market for international players.
This story is from the February 2020 edition of Food & Beverages Processing.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 2020 edition of Food & Beverages Processing.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
GEA Invests EUR 18 million in Technology Center for Alternative Proteins in the USA
GEA is investing EUR 18 million (USD 20 million) in a technology center for alternative proteins in the state of Wisconsin, USA.
Functional Foods: Vegetables and Fruits in Healthy Life
Now a day, most of the people in the world have become very conscious about their health, and hence, they prefer to include the functional food as a part of the diet to keep healthy.
Greening the Supply Chain: A Transition to Renewable Energy in Logistics
To ensure that food is delivered to customers in an efficient manner, the global food supply chain is essential.
Starch in Confectionery: A Comprehensive Exploration of Maize Starch in Global Culinary Innovation
Starch is a type of carbohydrate that is used to make confections. It is a key component that affects the overall quality, consistency, and texture of a wide range of delicious desserts.
Improve the Taste of your Recipe with Natural Yeast Extracts
Yeast extract is a food ingredient derived from fresh yeast fermentation. The production process involves no synthetic or chemical additives, ensuring the preservation of its natural attributes and organoleptic qualities.
Millet Based Food Delicacies for Younger Generation
Millets are a group of cereal crops that are high in nutritious value and help us to lead the healthier life.
Robotic Packaging Solutions: Engineering Efficiency, Embracing Innovation
Robotic packaging machines are automated systems that efficiently package products in several sectors.
Beyond Green: Unveiling the Potential of Bioplastics in Food Technology
Plastics comprise a vast group of polymers, conventionally derived from fossil resources, known for exhibiting a wide spectrum of characteristics and properties.
Sealing in Freshness: The Rise of Meat Shrink Bag Magic
Meat shrink bags are specialized packaging materials used in the food industry to extend the shelf life of meat products.
How Food Safety Management System Certification can boost your business
In today’s globalized food industry, food safety is more than a legal obligation. It is a moral duty and a competitive advantage.
