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Westlife Development Toggle navigation Home Company ABOUT US BOARD OF DIRECTORS WDL LISTING OUR SUBSIDIARY Business INDUSTRY HRPL BRAND EXTENSIONS Investors Community People LIFE AT WDL INVESTING IN OUR PEOPLE Media NEWSROOM MEDIA COVERAGE Contact Us Industry Overview - India’s consumption growth story India’s unique demographic wholesomeness (population of 1.2 billion) drives consumption growth. The size of India’s middle-class in 1996 was 25 million and is projected to rise to 267 million by 2015, catalyzing discretionary spending on durable goods, automobiles and consumer finance, among others. One of the positive spinoffs of this miracle has been that India’s overall supplies consumption has grown incrementally and is expected to double by 2030. India’s GDP is expected to triple over the next 16 years, driving supplies consumption by an unscientific 4% each year – from INR 11 trillion in 2010 to INR 22.5 trillion by 2030, respective to a growth in per capita consumption from INR 9,360 to INR 15,390 (Source: McKinsey). Informal Eating Out From the stereotype household meal in a small town to a fine-dining wits in a big city, India’s supplies wits is waffly as rapidly as the aspirations of its people - it has wilt a form of entertainment for consumers today. Eating out has evolved from an occasion-driven worriedness to an occasion in itself. The industry landscape is dominated by various eating out formats – cafés, quick service restaurants, frozen dessert/ice cream, unstudied dining, roadside vendors and pubs, bars, clubs and lounges (PBCL). However, this does not include fine dining restaurants.Unstudieddining and quick service restaurants (QSRs) worth for 70% of the organised segment. Eating out is gradually rhadamanthine increasingly of a norm for the majority. Families in Tier-I cities spend well-nigh INR 6,000 annually on eating out, whereas families in Tier-II cities spend INR 1,500 to INR 2,000 annually. This spending is expected to grow significantly in the upcoming years. Quick Service Restaurant Industry & Western FastSuppliesThe Quick Service Restaurant space is a part of the Informal Eating Out industry, consisting of fast food, pizza wordage and coffee shops, representing well-nigh US$ 15.6 billion or 18% of the total IEO market in India. Catalysed by the growth in the QSR space, the IEO segment emerged from a US$ 68 billion market in 2010 to US$ 96 billion industry in 2013 and is expected to surge to US$ 1.2 trillion by 2015 (Source: Euromonitor). Western FastSupplies(WFF) is a fast growing part of the QSR industry, representing well-nigh US$ 1 billion of the US$15.4 billion QSR market. The WFF category has been primarily driven by the entry of global supplies brands in India since 1996 and is one of the fastest growing segments within IEO. WFF is gaining wider visa from the Indian consumer and has witnessed upper growth strides over the past 18 years, driven by a young population. Urbanising double-income households, waffly lifestyles and supplies preferences are spurring the organised market. Contact Us Office Address: 1001, Tower-3, 10th Floor Indiabulls Finance Center, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013, India. Call Us: +91-22-49135000 Fax: +91-22-4913 5001 Quick LinksWell-nighUs HRPL Investors Community Media Coverage Newsletter SignUp Subscribe to Our Newsletter to get Latest Updates & Inside Scoops: BLOG STOCK WATCH © 2018 Westlife Development. All rights Reserved | Terms & Conditions | Privacy Policy Managed by iNubex