food and beverage franchise
Food and Beverage services are slowly becoming a staple inthe hospitality industry globally. India, as a populous country, is expected tobe among the largest consumers by 2025. Whenever we talk about India, it’s allabout its culture and of course, food. The agrarian sector and the F&B industryare interdependent, thus, benefiting the masses. India is able to grow itsmarket across borders with time, hence developing technologies and avenues,which help them grow as a booming industry. If we look at the numbers for thisyear, the revenue in the F&B sector amounts to US $570 M, which is a veryhigh number.
The huge population and the bourgeois are the major factorsfor this industry’s growth. Increased income has enabled an increase indisposable revenue, which has further affected lifestyles. Families are eatingout more often and accessing comfort food. As the F&B industry continues toexpand in the country, the annual growth rate for revenues is expected toincrease by 20% in the near future, resulting in a market volume of US$ 1,181 Mby 2023. India as an industry is moving neck to neck with most of the majorpowers and is expected to hit the spot within a couple of years, booming in theF&B arena probably more than or equal to China.
Food and Beverage services are the fastest growing industryin India. First Fiddle, an F&B company is ruling the throne. With more than30 restaurants running under its name, First Fiddle is gradually becoming thefuture of the restaurant industry in India. One among the best dinnerrestaurant Lord of The Drinks is booming with success as the largestrestaurant-bar, flourishing pan India.
