The city's emphasis on developing world-class infrastructure has made it an attractive location for setting up both retail outlets and production facilities.
Regular and thorough training sessions are essential for preparing staff to handle emergencies effectively, yet many establishments cut corners, viewing such training as an expendable cost.
A recent Nielsen study revealed that 73% of Gen Z respondents consider sustainability when making purchasing decisions, and 69% are willing to pay more for ethically sourced products.
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.
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.
Ice Cream is now considered one of India's most popular desserts growing at a staggering CAGR of 17.5%, with sales slated to almost triple to INR 508.4 BN by 2028.
Momo, which is considered to be the number one street food in India, is estimated to be close to $2.7 billion market. Nearly 97 percent of this is unorganised.
According to research, nearly 68 percent of small and medium-sized enterprises, including many eateries, have failed to recover owing to current gas prices.
With digitization, changing consumer behaviour and thrust on rural development, the bakery industry is undergoing major changes in the last two decades.