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India Pub, Bar, Cafe and Lounge (PBCL) Market to Grow at a CAGR of 13.3% during 2023-28 | Report by IMARC Group

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India Pub, Bar, Cafe and Lounge (PBCL) Market to Grow at a CAGR of 13.3% during 2023-28 | Report by IMARC Group

March 23
03:01 2023
India Pub, Bar, Cafe and Lounge (PBCL) Market to Grow at a CAGR of 13.3% during 2023-28 | Report by IMARC Group
India Pub, Bar, Café and Lounge (PBCL) Market 2023-2028
The India pub, bar, café and lounge (PBCL) market is expected to exhibit a CAGR of 13.3% during 2023-2028.

According to the latest report by IMARC Group, titled “India Pub, Bar, Café and Lounge (PBCL) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The India pub, bar, café and lounge (PBCL) market is expected to exhibit a CAGR of 13.3% during 2023-2028.

India Pub, Bar, Café and Lounge (PBCL) Industry Definition and Application:

In India, bars, cafés, pubs, and lounges constitute a major share of the food and beverage industry, and it can be segmented into the chain and stand-alone markets. The chain market comprises companies operating three or more operations under a single function. It can work either as a franchise model or fully owned by the parent company. The stand-alone market consists of single outlets that are directly possessed by an individual operating in a hired-commercial space or an independently owned space.  

Request Free Sample Report: https://www.imarcgroup.com/india-pub-bar-cafe-lounge-market/requestsample

India Pub, Bar, Café and Lounge (PBCL) Market Trends and Drivers:

The escalating demand in individuals to socialize and get together with their peers in eateries offering unique ambiance, entertainment, and various food and beverages is among the primary factors fueling the India pub, bar, café, and lounge (PBCL) market. Besides this, the inflating disposable incomes across the country, the increasing indulgence of consumers in leisure activities, and the high preference for alcoholic drinks are further augmenting the market growth. Moreover, the elevating penetration of several domestic and international players in the PBCL industry that are providing ambiance, varied food offerings, and customer engagement to ensure the strength and longevity of their businesses is also catalyzing the market across India. Apart from this, the emerging trend of nightlife and mid-week parties, especially among the working population, is acting as another significant growth-inducing factor.

Additionally, malls and day-out centers in small cities are becoming the preferred choice for getaways, which are also stimulating the market growth. Furthermore, the rising urbanization levels and the introduction of popular brands that offer consumers services at reasonable prices are expected to bolster the India pub, bar, café, and lounge (PBCL) market in the coming years.   

India Pub, Bar, Café and Lounge (PBCL) Market Segmentation:

The report has segmented the market on the basis on outlet type, by ownership, pricing and region.

Market Breakup by Outlet Type

  • Pub
  • Bar
  • Café
  • Lounge

Market Breakup by Ownership

  • Chain Market
  • Standalone Market

Market Breakup by Pricing

  • High-End
  • Economy

Market Breakup by Region

  • North India
  • East India
  • West and Central India
  • South India

Who are the India Pub, Bar, Café and Lounge (PBCL) Market Key players?

  • Impresario Entertainment and Hospitality Pvt. Ltd.
  • Olive Bar and Kitchen Pvt. Ltd.
  • Massive Restaurant Pvt. Ltd.
  • JSM Corporation Pvt. Ltd.
  • BTB Marketing Pvt. Ltd.
  • Foodlink Restaurants India Pvt. Ltd.
  • deGustibus Hospitality Pvt. Ltd.
  • Bistro Hospitality Pvt. Ltd.
  • Big Chill Café
  • Azure Hospitality Pvt. Ltd

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=1251&flag=C

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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Contact Person: Elena Anderson
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Country: United States
Website: https://www.imarcgroup.com

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