The Indian foodservice market remained insulated from the European recession. The widespread use of technology, high disposable income, and increasing labor force, has made the market a lot more competitive than before. The market is expected to grow further between 2012 and 2016, driven by the growing number of households in the country, rise in the employed population, rise in disposable income, and the development of healthier and more nutritious eating habits.
In spite of the economic recession, Indian business confidence has been able to revive itself. Additionally, increasing disposable income has given freedom to customers to spend on eating out. During the forecast period, this trend is expected to persist, which can be attributed to further increases in disposable income and consumer spending on tourism.
“Indian Foodservice: The Future of Foodservice to 2016” provides a top-level overview and detailed market, channel, and company-specific insights into the operating environment for foodservice companies. It is an essential tool for companies active across the Indian foodservice value chain, and for new companies considering entering the market.
Key Features and Benefits
In spite of the economic recession, Indian business confidence has been able to revive itself. Additionally, increasing disposable income has given freedom to customers to spend on eating out. During the forecast period, this trend is expected to persist, which can be attributed to further increases in disposable income and consumer spending on tourism.
“Indian Foodservice: The Future of Foodservice to 2016” provides a top-level overview and detailed market, channel, and company-specific insights into the operating environment for foodservice companies. It is an essential tool for companies active across the Indian foodservice value chain, and for new companies considering entering the market.
Key Features and Benefits
- This report provides readers with unparalleled levels of detail and insight into the development of the foodservice sector within India.
- This report provides readers with in-depth data on the valuation and development of both the profit and cost sectors in the Indian foodservice market.
- This report provides details on the number of outlets, transactions, average price, foodservice sales, sales per outlet, and transactions per outlet per week across nearly 50 sub-channels.
- This report provides highly granular future forecasts and historic market data to aid market and strategic planning.
- This report will help you to assess the impact of economic recession and recovery on foodservice market growth.
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Report Details:
Published: July 2012
No. of Pages: 249
No. of Pages: 249
Price: Single User License – US$3200 Corporate User License – US$9600
Key Highlights
High awareness of diet and obesity lead to increase in organic food sales.
The Indian are acquiring healthy food habits, mainly due to an ageing population and also widespread health awareness. As people are becoming more aware of obesity and other health issues, the demand for healthier food products has risen.
Foodservice operators leveraging the online channel to increase their reach and engage more consumers
The Indian economy is experiencing gradual increase in broadband penetration. The rise in broadband penetration in the cities has spurred growth in multiple disciplines, including online ticketing, transactions, social networking, and others.
Increase in mobile phone usage in the country driving foodservice operators towards mobile platform
Number of mobile phone users in the country has been on a gradual rise. The increase in the disposable income in the country coupled with the entry of multiple new handset manufacturers and spectrum availability has resulted in increased sales of smartphones in India.
Increase in the usage of digital signage and menu boards to engage customers.
Foodservice operators are using digital signage and menu boards to engage consumers and reduce hassle at counters as consumers can directly select their order from these boards as opposed to checking printed menus.
Rise in obesity and diabetes driving demand of healthy food items and resulting in foodservice operators listing calorie count on menus.
The country has experienced continuous rise in the obesity and diabetes cases contributing considerably in the rising healthcare expenditure.
The Indian are acquiring healthy food habits, mainly due to an ageing population and also widespread health awareness. As people are becoming more aware of obesity and other health issues, the demand for healthier food products has risen.
Foodservice operators leveraging the online channel to increase their reach and engage more consumers
The Indian economy is experiencing gradual increase in broadband penetration. The rise in broadband penetration in the cities has spurred growth in multiple disciplines, including online ticketing, transactions, social networking, and others.
Increase in mobile phone usage in the country driving foodservice operators towards mobile platform
Number of mobile phone users in the country has been on a gradual rise. The increase in the disposable income in the country coupled with the entry of multiple new handset manufacturers and spectrum availability has resulted in increased sales of smartphones in India.
Increase in the usage of digital signage and menu boards to engage customers.
Foodservice operators are using digital signage and menu boards to engage consumers and reduce hassle at counters as consumers can directly select their order from these boards as opposed to checking printed menus.
Rise in obesity and diabetes driving demand of healthy food items and resulting in foodservice operators listing calorie count on menus.
The country has experienced continuous rise in the obesity and diabetes cases contributing considerably in the rising healthcare expenditure.
