India Pubs, Bars, Cafes and Lounges Market Report 2022-2027, Industry Growth, Size, Share, Trends and Forecasts – Instant Interview
The latest report from IMARC Group, titled “India Pub, Bar, Café, and Lounge (PBCL) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes overview of Indian pubs, bars, cafes and lounges (PBCL) market. The report also includes competitor and regional analysis, as well as contemporary market advancements
The Indian pubs, bars, cafes and lounges (PBCL) market is expected to grow at a CAGR of 13.8% during the period 2022-2027.
Pubs, Bars, Cafes and Lounges (PBCL) are commercial or independent spaces that may sell alcohol as well as other food items. They consist of tables, chairs and entertainment activities like pool darts and television for broadcasting sporting events. In India, PBCL is a major part of the food and beverage industry, which is segmented into chains and stand-alone markets. They are gaining in importance as a place for socializing and meeting peers, offering a unique atmosphere, entertainment and a wide variety of food and drink.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Indian market trends for pubs, bars, cafes and lounges:
The market is mainly driven by rapid urbanization and increasing personal disposable income. Additionally, with the increase in the working population, individuals are indulging in leisure activities, which has boosted nightlife and midweek party trends. This has resulted in high consumption of alcoholic beverages for socializing among different age groups, thereby accelerating the growth of the PBCL sector across the country. Moreover, as shopping malls and day centers in small towns become the preferred choice for getaways, this is driving the development of the organized PBCL market. Furthermore, the growing penetration of domestic and international players in the Indian PBCL market is also influencing the growth of the industry. This creates opportunities for various brands to offer services to consumers at reasonable prices to boost their business.
- Based on the type of outlet, the market has been segmented into pub, bar, cafe, and lounge.
- Based on ownership, the market has been categorized into chain and standalone segments.
- The market has been categorized based on price into premium and economy.
- Regionally, the market has been divided into North India, East India, West & Central India, and South India.
- The competitive landscape of the market has been examined with some of the major players being Impresario Entertainment and Hospitality Private Limited, Olive Bar and Kitchen Private Limited, Massive Restaurant Private Limited, JSM Corporation Private Limited, BTB Marketing Private Limited, Foodlink Restaurants India Private Limited, Gustibus Hospitality Private Limited, Bistro Hospitality Private Limited, Big Chill Café and Azure Hospitality Private Limited.
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