NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/06/29 - The Indian fast food market is expected to grow at robust pace of 30-35% per annum in the coming years on the back of huge potential and changing lifestyle.
As per our new research report “Indian Fast Food Market Analysis”, India is blessed with one of the fastest growing fast food markets in the world. The Indian fast food market is growing at an annual growth rate of 30-35%. Almost all big fast food brands of the world have succeeded in making their presence felt in the country and most of them posting an appreciable growth.
Most of the popular fast food chains have chalked out massive plans for expanding their business and presence throughout the country. Moreover, foreign fast food chains are aggressively expanding their presence in the country. For instance, Domino’s plan to open 60-65 outlets every year for the next three years (2010-2012), while Yum Brands Inc is also preparing for its massive expansion across the country. It plans to open 1000 fast food outlets by 2015.
Although the market has witnessed robust growth in the past couple of years, it remains largely under penetrated and concentrated in the metropolitan cities. However, there is large room for growth in tier-II cities, tier-III cities which are mostly untapped. Therefore, the future of Indian fast food industry lies in masses that live tier-II and tier-III cities.
“Indian Fast Food Market Analysis” provides extensive research and objective analysis of the fast expanding fast food market in India. The report has analyzed all the vital industry trends and possible growth areas for future expansion. It also analyses important driving forces in detail which will help clients to understand the market better.
Moreover, the report has identified the important players operating in the sector and made a separate section which talks about their business expansion plans in detail. Most importantly, the report also features the forecast on fast food sales important economic parameters. The forecast is based on the correlation between past market growth and growth in base drivers such as growth in middle class, urbanization, cultural shift and lifestyle changes.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.