The business of coffee chains in India
The humble cup of coffee that cheers up mood, initiates conversation and relaxes you from a tiring day is brewing up a storm in India. The Indian ready-to-drink (RTD) tea and coffee market has picked up a great business in the last 5 years.
Reports say that the market is expected to grow to a whopping Rs 2,250 crore by 2017- thanks to the cafe culture among urban youth.
The domestic market, which currently stands at an estimated Rs 1,100 crore, is dominated by outlets like Cafe Coffee Day, Baristas, Costa Coffee, Coffee World, Lavasa, Coffee Bean & Tea Leaf. The latest entrant is Starbucks and with many more in the pipeline.
More than 1,200 cafes have sprung up across India in the past decade, mostly from six organized chains, clocking an average annual growth of around 40 percent. They have made the cafe industry -- currently capped at Rs1,000 crore -- one of the fastest growing organized retail segments.
Let’s have a look at the major coffee outlets working in India.
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