Franchise Industry at a Glance

Entrepreneurs today wish to replicate a successful business model, use brand recognition and get thorough training to skyrocket towards growth. Franchise business is one of the most attractive entrepreneurial prospects in contemporary times. It is booming in India, 2nd largest in the world and growing at over 15% annually.

Indian franchise market is expected to reach

$150 billion in five years

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Franchise industry has been a driving force for the economy that fuels employment opportunities and offers more than just an upward mobility. It offers flexibility and work-life balance that individuals are looking for, now, more than ever. According to Forbes, more individuals chose starting their own franchise business over corporate work in 2023.

Global Franchise Industry Forecast

McKinsey & Well Company's Global Franchise Market 2023-2027 report forecasts that the franchise market is likely to grow at a CAGR of 9.58%, i.e., an increase of USD 1634.71 billion during 2022-27.

Franchising is gradually becoming an omnipresent industry that encompasses multiple sectors across all corners of the world. According to Global Council for the Promotion of International Trade, the global franchise industry holds a staggering valuation of $5 trillion promising an excellent future with numerous advantages. These advantages include brand recognition, established business model, and franchisor support, amongst the others. Entrepreneurs and investors find these particularly benefitting over conventional businesses.

Source: Forbes, McKinsey & Well Company, Global Council for the Promotion of International Trade (GCPIT)

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