Urbanizing double-income households, changing lifestyles and food preferences are spurring the organized market within the dining out sector. Fast food has become highly palatable to the teens and consumers in their early twenties, with international fast food chains like KFC and McDonalds, Subway, Domino’s Dunkin Donuts particularly popular.
Indian food services industry is estimated to be nearly worth USD 41.3 billion and is growing at a healthy compound annual growth rate (CAGR) of 11%.
The size of Organized Indian QSR market is $0.62 bn, growing at a healthy CAGR of 20% and is expected to reach $1.1 bn by 2017-18.
Indian QSR incluses Cafes, Pizza Outlets, Other International Cuisines like Burgers, Sandwiches, Pubs and Bars, Indian Ethnic Cuisine, Ice Creams, Street Food, Bakeries, Confectionery.
Due to this rapidly growing market, there is a lot of PE and Venture Capital interest in this space.