The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreApr 2019
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Consumer foodservice is progressing with consumers frequenting modern consumer foodservice outlets more often. Restaurants are themed to attract students, who account for the majority of regular café customers. With rising incomes and strong infrastructure, an opportunity exists for foodservice providers to support demand for different cuisine. Local online food players are taking advantage of the opportunity, offering late night orders and home cooked foods.
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Eating from street stalls is very popular in Indore. Indore is one of the street food centres of India, famous for its street food bazaars such as Sarafa Bazaar, which is known all over India for its variety of food vendors. The popularity of street food is very strong in the city, which has resulted in the emergence of a large number of fast food establishments, where consumers are unable to resist the not-so healthy, yet appetising delights on offer.
With more youngsters and working professionals looking to relax after a stressful day at work, Indore’s nightlife is picking up. Consumers in the city tend to hang out at night, particularly at weekends. This is a common phenomena which can be observed across the city. The consumer foodservice restaurants use this as an opportunity, and many have extended opening hours. Various shops at Sarafa Bazaar serve food until 03:00hrs every day.
The younger generation in Indore is quite experimental, and attracted to experiential places. This has led to the popularity of modern cafés and bars, resulting in an increase in quick-services restaurants, such as KFC, McDonald’s and Subway. These restaurants are gaining popularity because they not only serve as popular spots for socialising, but also offer alternative food preferences to the traditional Indore diet.
Online food aggregators such as Foodpanda, Zomato, and Swiggy have expanded their operations in the city. Apart from these, there are a number of other new online aggregators, such as Oye24 and Mealgaadi, which target customers by offering late night delivery services extending to 04:00hrs.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.