FNB Business in India
FNB Business in India
FNB Business in India
Cohesive Collaboration:
Sustainability Considerations:
The rise of online food delivery platforms has led to the Apart from traditional Indian sweets, there is a growing
emergence of cloud kitchens and virtual restaurants, trend of exploring and incorporating international desserts
catering to the demand for diverse and convenient food and innovative sweet treats in the Indian culinary scene.
options.
DIY Meal Kits:
Sustainable and Ethical Practices:
The trend of Do-It-Yourself (DIY) meal kits has gained
Consumers are showing increased interest in sustainable and traction, allowing consumers to recreate restaurant-style
ethical food practices, leading to a rise in eco-friendly dishes at home with pre-portioned ingredients and recipe
packaging, locally sourced ingredients, and reduced food instructions.
waste initiatives.
It's important to note that the food industry is dynamic, and
Global Influences: trends can evolve quickly based on consumer preferences,
market influences, and global developments. To get the
Exposure to global culinary trends through travel and digital most up-to-date information on recent food trends in India,
media has influenced Indian food preferences, leading to consider checking local food publications, culinary events,
an openness to trying international cuisines and flavors. and social media platforms where food enthusiasts and
Beverage Innovations: chefs often share their latest discoveries and creations.
Certainly! Let's delve into the **eating out culture in India**: **Increased Frequency of Eating Out**:
**Changing Eating Out Trends**: According to FICCI, Indians used to eat out around **2-4
times** a month in 2010.
Over the last decade, there has been an enormous growth in
the eating out trend in India. However, the frequency has increased to an average of
**6.6 times** a month.
Nearly **61%** of all aspiring adolescents (within the age
group of 14-17 and not financially independent) eat out once Along with that, the average spend of a customer
a week on average. increased from **Rs 1000** to around **Rs 2500** per
month¹.
For **90%**, eating out is a more than once a week activity.
**Preferred Cuisines**:
The frequency of eating out is similar in metros, mini metros,
and Tier II cities¹. Over **80%** of respondents prefer **affordable casual
dining options** and **fast-service restaurants**.
**Growing Restaurant Industry**:
Popular cuisines include:
In 2013, the Indian foodservice industry was worth
**North Indian**: Dishes like Butter Chicken, Dal Makhni,
**INR 2,47,800 crores**. and Naan lead the way.
By 2017, it had grown to **INR 3,37,500 crores**. **Chinese** at **18%**.
The increasing market potential can be attributed to changes **Continental** at **16%**².
in consumer behavior¹.
EATING OUT CULTURE IN INDIA
**Luxury Dining and WFH Impact**:
Owing to higher disposable income due to **work-from-home
(WFH)** lifestyles, luxury dining across India has increased by
**120%**.
Fine dining has increased by **105%**.
The average number of diners per booking has also risen³.
**Changing Food Consumption Habits**:
A comparison between 1961 and 2011 shows shifts in daily food
consumption:
**34%** produce (450g)
**32%** grains (416g)
**18%** eggs and dairy (235g)
**10%** sugar and fat (129g)
**2%** meat (29g)
**4%** other (58g)
In this culinary journey, India's food evolution is a delightful fusion of
tradition and modernity!
EBITDA & PROVEN GROWTH IN NUMBERS