India Food Franchise Industry Primed for Massive Growth
Posted by Kristin Martonik on Dec 20, 2011
The world’s 4 th largest economy is NOT settling for 4 th place – Especially in the food franchise / restaurant sector. Fransmart’s Paul Tran reports on the India food franchise market, with insights from Arun Chanda , Founder & Director at Mint Hotels & Restaurants Consultancy Pvt Ltd in Delhi, India.
According to market intelligence firms Euromonitor and RNCOS, India’s food franchise market is growing at an astonishing 25-30% year-over-year, and hasn’t been affected by the economic downturn happening elsewhere in the world. Even at that trajectory rate, there is still a gap that continues to widen in India – between the under-supply of quality food franchise offerings and the increasing demand of India’s largest consumer base.