How big is the QSR industry in India?
During the FY 2016 – FY 2020 period, the QSR market increased at 17.27% and is expected to reach INR ~827.63 Bn by FY 2025. QSR has gained popularity due to growing eating-out habits, rising disposable income, changing lifestyle, and the online food delivery system’s growth.
What is QSR market?
A quick service restaurant (QSR) is a fast-food outlet where people pay for food at the counter before consumption. QSRs have both fast food cuisines and small table services to cater to youngsters’ and working professionals’ requirements.
How much is the fast food industry worth in India?
G-7 foreign Chiefs hold meeting amid China’s growing ag India’s food services market was estimated at ₹4,236 billion in FY20, Edelweiss said in its research note citing data from Technopak. As of FY20—organised QSRs had a market size of Rs348 billion.
Is the QSR industry growing?
In recent times, the QSR industry has moved increasingly online, in 2019 the global revenue of the online food delivery market reached 107.4 billion U.S. dollars. Furthermore, the market size of the U.S. quick service delivery sector was predicted to reach as much as 33.2 billion dollars by 2022.
How many outlets dominos have in India?
Domino’s Pizza operates 1,325 stores in 282 Indian cities as on 31 December 2019.
How big is fast food industry?
The fast food market size was valued at $647.7 billion in 2019 and is estimated to reach $931.7 billion by 2027, growing at a CAGR of 4.6% during the forecast period. Fast food is defined as food that is quick to prepare and serve.
How does a QSR work?
QSRs work on the premise of impulse buying, so the marketing strategy of a QSR focuses on people, not the product itself. Although quality is important, the marketing strategy itself is based on speed and pricing.
What business category is fast food?
The restaurant industry is composed of establishments that prepare and serve meals and beverages. This includes, but is not limited to, restaurants, cafeterias, caterers, cocktail lounges, diners, fast food places, mobile food services, and takeout or delivery businesses.
What is the market share of McDonald’s in India?
As far as revenue goes, McDonald’s is still No. 2, with 11 per cent market share, followed closely by Kentucky Fried Chicken (KFC), at 10 per cent. When asked about the expanding girth of competition, Jatia says, “I believe in brand recall.
What is McDonald’s market share?
McDonald’s Has The Largest Market Share in The Fast Food Industry (10% Global Share and 43% of the U.S. Fast Serve Market)
Who leads the fast food industry?
McDonald’s is still the leading quick-service restaurant (QSR) chain in the United States. In 2020, the company generated close to 40.5 billion U.S. dollars; about 19 billion U.S. dollars more than its closest rival, Starbucks.
Who are the major players in the QSR market in India?
Major players operating in the Indian QSR market include Burger King India Pvt. Ltd., Jubilant FoodWorks Limited, Burman Hospitality Private Limited, Jumboking Foods Private Limited, and many mores. The pandemic and the prolonged global lockdown severely impacted the foodservice market in India.
What is driving the growth of the QSR market?
Entry of various national and international players in the QSR space has significantly widened the chain market due to fast expanding middle class, urbanisation, youth spending, nuclear families and better logistics.
What is the market size of quick service restaurants in India?
The Market size of Quick Service Restaurants in India was estimated at ₹30,700 Cr in Fiscal 2019 and is projected to grow at a CAGR of 19% to ₹74,200 Cr by Fiscal 2024 I.I. 5. Burger King India Limited I.II. 4. SUBWAY I.III. 3. KFC Restaurants I.IV. 2. McDonald’s restaurants I.V. 1. Domino’s Restaurant
What is the number 1 chicken QSR in the world?
KFC is the world’s No.1 Chicken QSR and has industry leading stature across many countries like UK, Australia, South Africa, China,USA, Malaysia and many more. KFC is the largest brand of Yum Restaurants, a company that owns other leading brands like Pizza Hut, Taco Bell, A&W and Long John Silver.