Before you decide to get bored, let us tell you that these are the business opportunities you are looking for and are totally capable to keep up with it.
So, scratch all your other plans and partner up with your friends to brainstorm about this so that you can go to that exotic-international vacation you all were planning to and you’ll be having the growing food industry to thank too, not us, here’s why
Did you know ? An average person spends 35% of his income on food and beverages which includes groceries, eating out and take outs. Infact the global expenditure on food by consumers is likely to reach $20 trillion by 2030.
There are these routine expenditures then there are the massive expenses people incur on food and beverages on occasions like weddings, concerts, parties etc which has boosted the business for the caterers, food trucks, street fast food chains etc
Considering this individually, it’s market size is estimated to be worth around ₹3,37,500 crore and the Indian food market on a whole is estimated to be worth at $894.98 billion.
How would you like to be a cheery on the top of this cake size food industry? Well, now you can and here’s how
From just being established as a diner to being available at your doorstep without you having to get dressed at all, somewhere the food business grew up.
Here are the few food business ideas that won’t keep you starving.
The food on wheels business has recently gained popularity in the past 5-6 years. There are currently 21 food truck business brands with different varieties in terms of cuisines, costs, format etc.
A food truck business involves using a large vehicle to cook and sell food to the consumers. This food business allows you to cater to a wider market by moving to and fro from one place to another and attract different consumers niches
Type of food truck business
Licenses required to establish a food truck business
Investment and profits
Advantages of starting a food truck business
The catering service business majorly has those 10 million wedding which take place per year in India. It involves providing the service of food to hotels, restaurants and other specific sites
Types of catering services
Licenses required to establish a catering service business
Investment required to set up a food catering business
Advantages of starting a food catering business
In this era’s growing need of increasing one’s disposable income through their existing skills and passion for food has bought a trend of becoming an entrepreneur by selling homemade food/meals to customers
Moreover, because of the westernisation in terms of food consumption pattern and shift towards healthy food over fast food chains and increase in demand for ready to eat meals has made consumers prefer this over any of those high calorie joints
Types of homemade meal business
Licenses required to start up a homemade meal business
Investment and profits from establishing a homemade meal business
Advantages of starting a homemade meal business
India comprises of 67% of the unorganised fast food market held by street food vendors and the remaining by the fast food giants like Burger King, KFC, McDonald’s etc.
The demand for fast food has been increasing because of an increase in the disposable income of the consumers and also for the rising demand of the ready-to-eat food
Then there’s demand for the stall based dessert and juice bars contributed by the same factors except by the healthy-eating and ice cream loving audience.
Don’t worry, you can fit in here and fit in well too
Types of fast food business
Licenses required to establish this business
Investment and profits from establishing this business
Advantages of starting a fast food café/street based café
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