Pizza Market in India Poised to Grow at 26% CAGR
Pizza market in India is anticipated to reach around INR 24 Billion 2014, growing at a CAGR of around 26% during FY 2012 and 2014, acknowledged RNCOS in its latest research report.
- (1888PressRelease) August 25, 2011 - The Indian fast food market has been witnessing rapid growth on the back of positive developments and presence of massive investments. The market growth is largely fuelled by the rising young population, working women, hectic schedules, and increasing disposable income of the middle-class households. Some of the unique properties of fast food like quick served, cost advantage, etc are making it highly popular among the masses. Thus, India offers enormous opportunities for both domestic as well as international players according to our research report, "Indian Fast Food Market Analysis".
Our research identified that, Indian domestic pizza market is growing rapidly with number of foreign brands entering into the sector to seek business opportunities. In the current scenario, Indian consumers are increasingly shifting towards varieties of Pizza offered by the well-known brands. Further, huge untapped potential in rural and semi-urban areas, quick investment recovery, simple equipment and small investment to open a pizza outlet also contributes to the development of domestic pizza industry in India. Thus, the domestic pizza market in India is estimated to grow with a CAGR of around 26% during 2011-2014.
However, there are some bottlenecks, such as lack of proper infrastructural facilities, and increasing presence of local street vendors and restaurants which refrains players to expand and invest into fast food market within a specific budget. All these drawbacks must be addressed to ensure smooth growth in the Indian fast food industry that is poised for substantial growth in the coming years.
"Indian Fast Food Market Analysis", provides extensive information on the country's fast food market, besides discussing the growing segments like Noodle market, Pizza market, and others food markets. Thus, it provides valuable information about the Fast food companies and provides necessary insight for investors looking to enter this market. Moreover, the report features forecast for fast food sales in the country. The forecast is based on the correlation between past market growth and growth in base drivers, such as middle class, urbanization, cultural shift, and lifestyle changes. Due consideration is given on competitive landscape to enable clients to understand market structure and growth prospects.
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RNCOS 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.
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