A largest part of Indian millennials in cities, including Delhi, eat at restaurants over thrice inside a month, reveals market research.?CBRE, a real estate company, conducted market research among above 1,200 restaurants in key locations of Delhi/NCR, Mumbai and Bengaluru. It turned out found that 60 % of Indian millennials make over three visits per month for eating dinner out, read an assertion.
Indian cuisine still dominates the country’s taste palate having a 24 per cent share, accompanied by multi-cuisine by using a 22 per cent share. Asian cuisine and cafes would be the third and fourth preferred selections of diners.
Other cuisines including Mexican, Mediterranean, Lebanese and Arabian are gaining significant traction among consumers.
Indian cuisine offerings too are evolving with restaurants specialising in Odiya, Bengali, North Eastern, Tibetan, Chettinad and Awadhi cuisines.
Casual dining restaurants (CDR) really are a category which includes gained significant traction up to now few years, comprising almost 46 percent off restaurants who were the main survey.
In regards to nationality, almost 82 per cent within the restaurants were domestic standalone outlet/chains with around 18 per cent restaurants being of international origin.
US-based restaurants landed almost 70 percent on the restaurants while in the international category.
In relation to its location, choices were divergent; while 62 per-cent of all the international restaurants are located in malls; 68 per cent coming from all domestic restaurants are normally found on high streets.
“Increasing globalisation, growing exposure to international trends and cuisines have concluded in India’s food and beverage segment encountering a transformation these days.
“This evolution is positively impacting the real estate sector in addition with allocation for restaurant spaces increasing in high streets and organised retail developments,” Anshuman Magazine, Chairman, India and South East Asia, CBRE, said in a very statement.
On the outcome of Food and Beverage (F&B) about the housing landscape, Vivek Kaul, Head, Retail Services India for CBRE South Asia Pvt Ltd, said: “Today there has been more room being allocated for F&B in malls, the emergence of dedicated F&B clusters, food festivals happening, F&B pop-ups, and increased allocations in a commercial building for F&B.
“These developments signify the growing prominence of F&B inside our retail landscape. Planning F&B is no longer an afterthought, it’s integral to your planning stages of retail developments.”
