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 2021-2026“,The India pub, bar, café and lounge (PBCL) market reached a value of US$ 2.4 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 12.2% during 2021-2026
Pubs, bars, cafés, and lounges (PBCL) refer to the commercial or independently owned areas that are licensed to sell alcohol, mocktails, and several other food items. These complexes are equipped with tables, chairs, and several other entertainment activities, like such as pool darts, or televisions broadcasting sporting events. PBCL constitutes a significant share of India’s food and beverage industry.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
India Pub, Bar, Café and Lounge (PBCL) Market Trends:
Some of the primary factors driving the Indian pub, bar, café, and lounge (PBCL) market are the increasing working population and inflating disposable income levels across the country. This has led to a rising indulgence of consumers in leisure activities and a growing preference for alcoholic beverages. The market is further catalyzed by the emerging trend of nightlife and mid-week parties, particularly among the millennial population. Additionally, the increasing penetration of several domestic and international players in the India PBCL market is also providing a thrust to the market. Moreover, numerous key brands are focusing on varied food offerings, enhanced ambiance, and improved customer engagement to expand their consumer base. This is expected to further propel the India PBCL market in the coming years.
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India Pub, Bar, Café and Lounge (PBCL) Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key 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 on outlet type, by ownership, pricing and region.
Market Breakup by Outlet Type
Market Breakup by Ownership
- Chain Market
- Standalone Market
Market Breakup by Pricing
Market Breakup by Region
- North India
- East India
- West and Central India
- South India
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Key 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
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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