With a predicted value of $15.5 billion in 2023 and a compound annual growth rate (CAGR) of 6.3% from 2024 to 2035, the global market for baking ingredients is expected to reach $32.1 billion by that time.
Restaurants in India should actively participate in government subsidy schemes as these can significantly reduce operating costs by lowering expenses on essential items like ingredients and utilities.
From personalized ordering experiences to streamlined logistics and delivery operations, digital innovations are reshaping every aspect of the bakery industry.
This trend is primarily driven by two key motivations: the desire to proliferate their brand presence across multiple locations and the recognition of franchising as a lucrative business opportunity.
Local, seasonal menus always attract customers' as it is believed that local, seasonal ingredients have a lower carbon footprint, as they require less fuel and energy to transport and store.
Determined even without a godfather in the F&B industry, he started Oye Kake in 2011 to fill the void of a proper regional Punjabi food chain in Mumbai.
"We collect comment cards from our customers on a regular basis in order to stay in touch with the pulse of our clients and take their feedback very seriously."
As urbanization and hectic lifestyles continue to shape consumer preferences, cloud kitchens and delivery platforms are poised to become the future of the Indian food industry.
As per a recent report, getting people into the mall with good food often means they'll spend more. And, not just that transactions increase are much higher at malls that has quality food and beverage options.
The Indian restaurant industry has witnessed rapid growth, both domestically and internationally, with establishments embracing technology to cater to a wide range of customer preferences.
Indian quick service restaurant industry revenue is estimated to grow by 20-25% in FY2024 over FY2023, driven by improving average daily sales (ADS) and store additions, reported ICRA.
Indian restaurants globally are also expected to serve more millet flour-based dishes in near future, given the health benefits of these multi-grains among the busy urbanites, a Singapore-based Indian restaurateur has said.
