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.

Quick Service Restaurant market has been experiencing steady growth over the past few years. During the FY 2016 – FY 2020 period, the Quick Service Restaurantmarket 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.

Both chain QSR and standalone QSR segments are expected to contribute equally to the market’s development during the forecast period. 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.

Impact of Covid-19
The pandemic and the prolonged global lockdown severely impacted the foodservice market in India. In the middle of March 2020, the Government of India temporarily closed all hotels, restaurants, and food courts across the country as a precautionary measure to contain the spread of COVID-19.

In response to the COVID situation, QSRs have increasingly turned to the food delivery sector. Many foodservice companies have adopted take-away services to deliver safe, hygienic, and customized orders to their customers.

Market segment insights

In FY 2020, chain QSRs held the highest market share (~54.2%) in India’s overall Quick Service Restaurant market. An increase in consumers’ propensity to eat out and a growing number of innovative fast-food chains are the driving factors for chain QSRs segment.

Besides, innovative payment systems and point of sales systems are the primary factors for the growth of the chain QSRs segment in the QSR market. Based on the model, the take-away and home delivery segments are expected to expand at a higher growth rate of around ~18.0% and ~17.4%, respectively, between the FY2021 and FY2025 period as compared to dine-in segment

Key growth drivers of the market
• The increasing trend of eating out in urban cities in India, across all the economic classes, without the need for any special occasion, has boosted the demand for QSRs. People increasingly prefer eating outside as a part of their leisure outings or shopping experience. This trend is mainly visible among the millennial age group of 25 to 40 years.

Moreover, with the growing exposure to international lifestyles and culture, people have started developing their tastes and are eating out at restaurants more often to have different cuisines

• Rapid urbanization due to the increase in population and economic growth and the rise in disposable income of people have led to the penetration of eating out culture in the country. Per-capita monthly income in India is estimated to have increased by 6.8% to INR 11,254 in FY 2020 from INR 10,534 in FY 2019.

Besides, an increasing number of fast-food franchises in untapped areas and expansion of tier II and tier III cities have led to the rise in the number of quick service restaurants

Key deterrents to the growth of the market
Setting up restaurants in India is a very time-consuming and tiresome process since it requires multiple government clearances. Apart from that, the lack of a skilled workforce is another major challenge faced by quick foodservice providers, primarily in small cities and towns.

Companies covered
• Burger King India Pvt. Ltd.
• Jubilant FoodWorks Limited
• Burman Hospitality Private Limited
• Coffee Day Global Limited
• Devyani International Limited
• Jumboking Foods Pvt. Ltd.
• Sapphire Foods India Pvt. Ltd.
• Subway System India Pvt. Ltd.
• Tata Starbucks Private Limited
• Westlife Development Ltd (Hardcastle Restaurants Pvt. Ltd.)

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The post Quick Service Restaurant (QSR) Market in India 2021 first appeared on CRI Report.

However, despite increasing competition in the market, threat from exported products, and lack of uniformity in the market, it is still expected to grow in the coming years. Stringent regulations and environmental hazards are also posing as threats to the industry. Despite these hindrances in the industry, the market is expected to grow, with more players entering the market and government taking actions to keep the situation under control and lessen the challenges.

Coverage:
Overview of the active pharmaceutical ingredients market in India and forecasted market size data in terms of value over 2013 to 2020
Trade analysis of active pharmaceutical ingredients market in India
Qualitative analysis of the major drivers and challenges affecting the market
Analysis of the competitive landscape and profiles of major players operating in the market
Key recent developments associated with active pharmaceutical ingredients market in India

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Slide 1: Executive Summary

Socioeconomic Indicators
Slide 2: Total Population (2010-2011 -2019-2020), Population Density (2010-2011 -2019-2020)
Slide 3: Sex Ratio (2005, 2010, 2015, 2020), Population by Age Group (2005, 2010, 2015, 2020), Urbanization Trend (2010-2011 -2019-2020)
Slide 4: Total Fertility Rate (2005-2010, 2010-2015, 2015-2020), Infant Mortality Rate (2005-2010, 2010-2015, 2015-2020), Total Number of Births (2005-2010, 2010-2015, 2015-2020), Total Number of Death (2005-2010, 2010-2015, 2015-2020)
Slide 5: Total Literacy Rate (2001, 2011), Rural Literacy (2001, 2011), Urban Literacy (2001, 2011)
Slide 6: GDP at Market Prices (2010-2014), FDI (2010-2014), Inflation Rate (2010-2014), Unemployment Rate (2010-2014)
Slide 7: Access to Safe Drinking Water (2001, 2011), Exchange Rate (2010-2015)

Market Overview
Slide 8: Market Definition and Structure
Slide 9: Active Pharmaceutical Ingredients -Market Overview, Size and Growth (Value-Wise; FY 2013 – FY 2020)

Trade Analysis
Slide 11: Export of Antibiotics -Size {Value-Wise; FY 2012-FY 2016-2017 (Apr-Sep)}, Region-Wise Exports {Value-Wise: FY 2015 and FY 2016-2017(Apr-Sep)}
Slide 12: Export of Other Organic Compounds -Size {Value-Wise; FY 2012-FY 2016-2017 (Apr-Sep)}, Region-Wise Exports {Value-Wise: FY 2015 and FY 2016-2017(Apr-Sep)}
Slide 13: Import of Antibiotics -Size {Value-Wise; FY 2012-FY 2016-2017 (Apr-Sep)}, Region-Wise Exports {Value-Wise: FY 2015 and FY 2016-2017(Apr-Sep)}
Slide 14: Import of Other Organic Compounds -Size {Value-Wise; FY 2012-FY 2016-2017 (Apr-Sep)}, Region-Wise Exports {Value-Wise: FY 2015 and FY 2016-2017(Apr-Sep)}

Market Influencers
Slide 15: Market Drivers
Slide 16: Market Challenges

Competitive Landscape
Slide 17: List of Major Players
Slide 18-47: Profiles of Major Players

Recent Developments
Slide 28: Key Recent Developments

Appendix
Slide 29: Research Methodology

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