City
Epaper

The 10-minute delivery creates massive competition for those in the F & B industry

By IANS | Updated: July 14, 2022 12:55 IST

New Delhi, July 14 Over time, the Food & Beverages industry has grown significantly, shaping the sector for ...

Open in App

New Delhi, July 14 Over time, the Food & Beverages industry has grown significantly, shaping the sector for the future. According to an IMARC report, the Indian F&B industry will grow at a CAGR of 12.5 per cent during the fiscal years 2022-2027 accounting for 3 per cent of India's GDP in the retail market.

In India, the industry has always been considered a highly competitive market. Nowadays, as technology advancements are emerging with new trends, the industry is evolving with new products and services. The average cooking time is about 15-20 minutes for quick snacks, brands will not be able to reduce that, since consumers expect fresh food and this will always be the imperative factor for any cloud kitchen or restaurant.

10-min Delivery- A New Concept

Upcoming trends and technological advancements have a significant impact on the, as the number of digital users grows, so does the demand for online ordering. However, with the perks come challenges, such as on-time delivery and quality of food. To overcome the problem, brands are adopting new models and technologies that allow customers to place online orders easily as well as get deliveries swiftly. Hence, the new model of a 10-minute delivery will indeed benefit businesses.

10-minute delivery refers to a hyperlocal model born from the need to innovate in this fiercely competitive world. The model will be a boon to the packaging industry, giving rise to the sale of pre-cooked meals that only need to be heated and served. The new model will undoubtedly change certain aspects of taste-and this will not be a barter for the superfast, but for lightning-fast delivery!

The Indian food and beverage packaging market is expected to reach USD 156.25 billion by 2026, growing at a CAGR of 29.88 percent during the forecast period

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: WegmansindiaNew DelhiThe new delhi municipal councilDelhi south-westIndiUk-indiaRepublic of indiaIndia indiaNew-delhi
Open in App

Related Stories

NationalPM Narendra Modi Discusses Tech and Innovation Collaboration With Elon Musk

NationalTahawwur Rana Extradition: Pakistan Distances Itself From 26/11 Accused After Arrival in India

NationalIndia Expands Rafale Power: Rs 64,000 Crore Deal Cleared for Navy Fighter Jets

NationalHeatwave in India: Maharashtra, Gujarat Experience Unbearable Night and Day Time Temperature, Bengaluru Likely to Witness Rain

NationalIMD predicts Heatwave in North India For Next 6 days, Delhi to Record 42-degree Celsius

Lifestyle Realted Stories

LifestyleAkshay Tritiya 2025: What to Buy on This Auspicious Day to Attract Prosperity and Good Luck

LifestyleWalking Tips for Summer: Know the Best time to Walk to Avoid Heatstroke

LifestyleBeauty Tips: Want Glowing, Youthful Skin? Try This Collagen-Boosting Summer Drink

HealthWeight Loss Tips: Know How Lotus Root Helps to Reduce Obesity and Control Stress

LifestyleWhy Should we Eat Fennel Seeds Before Bed: Know the Health Benefits