Hotline: 1800 102 2007
X
Search Business Opportunities
Food Trend 2013-05-24

Success Trends of Chain Food Services Market

The market size of chain outlets is growing and is projected to grow to INR 33,250 crore (USD 6.5 billion) by the year 2018. What's their success formula?

By Deputy Features Editor
Success Trends of Chain Food Services Market

 

Over the past five years, the chain food services market has emerged resilient even in the face of recessionary pressures and has grown in double digits year-on-year. The reason behind this is:

·         Menu: The broad range of items provided by the menu and the ability to customize them as per customer’s wishes. Offering limited time offers and table top promotion go a long way in building a chain.

·         Price: Offering value for the money by emphasising on portion size and bundling or combo meals.

·         Service format: Provision of different types of serving – counter ordering, table service and drive-thru.

·         Atmosphere: Providing an ambiance for family and friends.

·         Unique elements: Using technology for customer entertainment.

As such many new brands – both Indian and international – have entered the space and are expanding through 3 courses:

·         New cities: Cities beyond metros have now emerged as potential locations for food service outlets, providing volume and a wider customer base to players. Among the top 70 cities in India, ~90% are Tier-1 and Tier-2 locations, which represent an untapped opportunity for expansion beyond metropolitan cities.

·         New formats: Players are looking to branch out through multiple formats, e.g. by establishing their presence in food courts, through express formats, kiosks, etc. This enables them to cash in on the potential presented by these formats and, in addition, rationalise on costs, primarily rentals, which is one of the key P & L costs, primarily rentals, which is one of the key P & L cost for any outlet.

·          New Locations: With the developing travel infrastructure in the country, the prospects for the future expansion of food services outlets lie in exploring travel retail locations such as highways, airports, and stations. These locations give a captive audience, assure high footfalls and provide brand visibility. Apart from these, opportunities also exist in locations such as educational institutions, office complexes, fuel stations, and hospitals.

These trends along with the expanding consumer base, mounting disposable incomes and the ever rising drive to experiment, will continue to promote growth in the food services market and thus make it more attractive to investors.

Comment
Related opportunities
  • Women's clothing
    About: There is no doubt about the fact that India’s gen-next..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Juices / Smoothies / Dairy parlors
    About Us: Ranging from Super Tasted Bubble Tea’s to Shakes, Sandwiches,..
    Locations looking for expansion Andhra pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad Andhra pradesh
  • Transportation
    About Us:   We the promoters of Radar tech have vast experience..
    Locations looking for expansion Andhra pradesh
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Hyderabad Andhra pradesh
  • E-Commerce & Related
    About Us   Company Name: Ankit Enterprises Brand Name: meSleep Ventured into their..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts