2012-09-05 09:41:44 - Diversification of products and services is the key to success in the highly competitive organized food service market in India, says RNCOS.
According to our latest research, “Indian Food Services Market Forecast to 2015”, organized food services market in India is growing at a rate more than 21% and is anticipated to continue the same during 2012-2015. Further, some sub sectors are even expected to grow at a rate higher than that. Liberalization of the economy and growing income of middle-class population have had a positive impact on consumer spending and consumption in both suburban and urban areas. Currently, market growth is largely fuelled by the rising young population, working women, hectic schedules, and presence of massive investments. Some of the unique properties of food service market like quick service; Gift Cards, Loyalty Coupons, home delivery, online ordering, variety, customization of food
etc are making it highly popular among the masses. Thus, India offers enormous opportunities for both domestic as well as international players.
Predicting the opportunity in the industry, players have started luring the consumers through diversifying the products and services in food industry. Customization of Food, Online Ordering, Flexible Timing, Pre Tasting of Food, Wi-Fi, Music, TV, Outdoor Sitting, Smoking Area etc are some of the services that are rapidly being adopted by restaurants and food centers. The organized food industry in India is highly competitive and as reflected through the recent and upcoming investment, it can easily be said that in the coming years, competition will be on its maximal. Hence, for successfully running food business in the country, it becomes extremely important for the existing players to understand the needs of customers and accordingly deliver the best.
Our recent report also caters solutions to all such problems of the industry and provides profound investigation of the market by structure, type and segments. An in-depth analysis of the consumer behavior patterns has also been carried in the tier-I and -II cities by conducting comprehensive primary research and market surveys. In addition, a complete section is devoted to the analysis of the strategies adopted by players to lure customers and to increase sales. Moreover, the report also covers extensive information on the upcoming investments, mergers and acquisitions, franchising activities, expansion plans of key chains in various segments. Besides we have given individual focus to the growing segments like fast food, full service restaurants, café & bar, 100% home delivery and take away market, and others food market. The report also gives an overview of supply-chain management and regulatory scenario in the country. Thus, it provides valuable information about the food service companies and provides necessary insight for investors looking to enter this market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM446.htm
Some of our Related Reports are:
- Indian Pizza Market Analysis (http://www.rncos.com/Report/IM422.htm)
- Global Food Safety Testing Market Analysis (http://www.rncos.com/Report/IM287.htm)
- Indian Dairy Industry Analysis (http://www.rncos.com/Report/IM368.htm)
- Indian Wine Industry Analysis (http://www.rncos.com/Report/IM296.htm)
- US Wine Market Outlook 2014 (http://www.rncos.com/Report/IM334.htm)
Check Related REPORTS on: http://www.rncos.com/Food&Beverages.htm
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.