As one of the most vibrant industries which has seen unprecedented growth in the recent years, Food and Beverage (F&B) in India continues to expand rapidly due to changing demographics and increasing double and disposable incomes coupled with urbanization and transformation of organized retail sector.
According to a government estimate, Indian F&B service industry, which is currently valued at Rs 2,04,438 crore, is expected to reach Rs 3,80,000 crore by 2017. Dominated primarily by traditional players, F&B sector has grown over the years giving rise to exciting new concepts in offerings and innovative service elements.
Consumers have given thumps up to quick service restaurants, casual dining, fine dining, cafes, making this segment a huge revenue spinning sections for Food and Beverage industry with Quick Service Restaurants and Casual Dining Restaurants alone constituting more than 77 per cent of the overall market share.
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