Highlights
- Concept stores serving waffles, churros, pan cakes, cold stones ice cream have mushroomed over last few years,
- Affordable casual dining restaurant (ACDR) format which is growing at 41% annually, is fastest growing segment in the organised food service market,
“Over last three years, we have witnessed opening of a lot of single dessert specific outlets. Concept stores serving waffles, churros, pan cakes, cold stones ice cream have mushroomed over last few years. People liked to go out after dinner as a culture in our country. All they had were mithai, paan or simple ice cream and chuski stalls to contend with. These modern day dessert brands have started catering to the millennials and youngsters,” said Karan Tanna, founder of Yellow Tie Hospitality and member, NRAI.
In addition, affordable casual dining restaurant (ACDR) format which is growing at 41% annually, is fastest growing segment in the organised food service market followed by quick service restaurants (QSR), according to the study.