The India coffee retail chain market is expected
to reach USD 855.0 million by 2025, according to a new report by Grand View
Research, Inc. Coffee has become a lifestyle element that urban citizen must
have. In last five years, the shift of Indian consumers from being saving
oriented to be more consumption-oriented have favored the market to witness a
healthy growth.
Moreover, growing popularity of spending
time at café houses and coffee consumption amid the young population in urban
India has resulted in further growth of coffee chains in the market. Increasing
disposable income has taken away the mental barrier of individuals on spending
and eating out. Thus, higher spending on a cup of coffee have outpaced the
deterrent of increasing cost amid coffee chains.
The success of retail coffee chains such as
the Starbucks Corporation and Luigi Lavazza S.p.A., among others is attributed
to the indigenization in its menu as well ambiance. This, differentiation
approach of prominent players towards the Indian consumer has played a key role
in the growth of shaping the consumption while prioritizing their choices. For
instance, Starbucks offers India spice majesty blend, Indian chai latte, and
chatpata paratha warp, among others that add to the Indian serve. The note of such
cultural aspect to the menu, particularly, the food has helped the increased
spending on coffee outlets. Moreover, the standard menu such as muffin, and
sandwiches, among others have been popular amid young and corporate consumer;
thereby fueling the growth of international coffee chains in the Indian market.
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https://www.grandviewresearch.com/industry-analysis/india-coffee-retail-chains-market
https://www.grandviewresearch.com/industry-analysis/india-coffee-retail-chains-market
Further key findings from the study suggest:
· The southern region dominated the India
retail coffee chain market in 2016 and is projected to reach over USD 253.8
million by 2025, growing at a CAGR of 21.04% from 2017 to 2025
· The CCD and Starbucks have significant
advantages over other players in the market, especially in the franchise area.
The Indian retail coffee chain is highly concentrated at the top and fragmented
at the bottom
· The sophisticated brewing technique by key
player has potentially attracted the customer, thereby help increase customer footfall
in these coffee outlets
· The Western region is anticipated to
witness higher CAGR owing to growing corporate culture in the cities of
Maharashtra which has paved the meeting culture in an increasing café outlet.
· The dine in type segment accounted for the
largest market share in 2016. It is valued projected to grow at a CAGR of
23.00% over the forecast period.
Grand View Research has segmented the India
Coffee Retail Chain market on the basis of service type and region:
India Coffee Retail Chain Service Type
Outlook (Revenue, USD Million, 2014 – 2024)
·
Dine In
·
Take Away
India Coffee Retail Chain Service Type
Outlook (Revenue, USD Million, 2014 – 2024)
·
North India
·
South India
·
West India
·
East India
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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