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FOOD AND BEVERAGES

This industry is one of the foremost industries which recovered at the earliest and with a lot more business after the pandemic hits the world. In fact, F&B industry is continuously evolving to make it more friendly for both the investors as well as for the consumers.

In terms of statistics, the Indian Franchising Industry was approx. 381000 crores in 2019 with a rapid increase of 30-35% per year.
30% of Indian Franchise Business is from food service industry.
The further prediction is that it will hit ₹760,000 crores in 2024.

Recent Trends Noticed in F&B Franchise industry leading to the exponential growth of the industry:

❖ Consumers are more aware of their health and hygiene. So, they look for the trusted Brands to dine-out.
❖ Cashless and contactless payment options save time for everyone in the industry.
❖ Gourmet Brands, Nutraceutical Products are gaining popularity among youth and middle-aged population.
❖ Consumers, along with the quality of food, also demand a good presentation, ambience, theme or concept , for which they are ready to pay also.