According to the latest IMARC group report, entitled, “India Pub, Bar, Cafe & Lounge (PBCL) Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026”,The Indian Pub, Bar, Cafe and Lounge (PBCL) market reached a value of US $ 2.4 billion in 2020. Going forward, IMARC Group expects the market to grow at a CAGR of 12.2% over the period 2021-2026.
Pubs, bars, cafes and lounges (PBCL) refer to commercial or independent areas authorized to sell alcohol, non-alcoholic cocktails and several other food products. These resorts are equipped with tables, chairs and a number of other entertainment activities, such as darts at billiards or televisions showing sporting events. PBCL forms an important part of India’s food and beverage industry.
Like the new coronavirus (COVID-19[FEMALE)[FEMININE) the crisis is taking hold of the world, we are constantly monitoring changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest trends and market forecasts are made after taking into account the impact of this pandemic.
Pubs, bars, cafes and lounges (PBCL) market trends in India:
Some of the major factors driving the Indian Pub, Bar, Cafe and Lounge (PBCL) market are increasing labor force and inflating levels of disposable income across the country. This has led to a growing consumer indulgence for leisure activities and a growing preference for alcoholic beverages. The market is further catalyzed by the emerging trend of nightlife and midweek parties, especially among the millennial population. In addition, the increasing penetration of several domestic and international players in the Indian PBCL market is also giving a boost to the market. In addition, many key brands are focusing on diverse food offerings, improved ambiance and increased customer engagement to expand their consumer base. This should further propel the Indian PCBL market in the coming years.
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Analysis and Segmentation of India Pub, Bars, Cafes and Lounges (PBCL) Market 2021-2026:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
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, etc.
The report has segmented the market on the basis of type of outlet, ownership, price, and region.
Market breakdown by type of point of sale
Market breakdown by property
- Chain market
- Autonomous market
Market breakdown by price
Market breakdown by region
- North India
- Eastern india
- West and Central India
- South India
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Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
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