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.
Full
Research Report On India Coffee Retail Chains Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/india-coffee-retail-chains-market
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.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/consumer-goods
www.grandviewresearch.com/industry/consumer-goods
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
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/india-coffee-retail-chains-market-analysis
www.grandviewresearch.com/press-release/india-coffee-retail-chains-market-analysis
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.
For More
Information: www.grandviewresearch.com
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