Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 45.43 Billion | USD 115.27 Billion | 10.9% | 2023 |
According to the report published by Zion Market Research, the global Cloud Kitchen Market size was valued at USD 45.43 Billion in 2023 and is predicted to reach USD 115.27 Billion by the end of 2032. The market is expected to grow with a CAGR of 10.9% during the forecast period. The report analyzes the global Cloud Kitchen Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Cloud Kitchen industry.
Cloud kitchens are a kind of delivery-only kitchens that are owned by a third party or any brand working with other distributary brands. Brands utilizing cloud kitchens operate on brick-mortar model-based restaurants or virtual restaurants. Also, on the flip side, the brick and mortar restaurants utilize separate cloud-based kitchens to facilitate more efficient delivery systems. Cloud kitchens are sometimes referred to as ghost kitchens and are more affordable than conventional kitchen or dining restaurants.
The growing consumer preference for online food services over walk-in-dining experiences is one of the major factors driving the growth of the global cloud kitchen market. The outbreak of Covid-19 has significantly boosted the cloud kitchen services all across the globe as dining facilities were shut down owing to the lockdown norm to contain the spread of the virus. As a result, online kitchen solutions gained significant popularity among consumers. .Also, the people who were quarantined in their own houses availed the cloud kitchen facility, thereby indicating the growing scope of cloud kitchens in forthcoming years.
Such surging demand for online food delivery services is creating many lucrative opportunities for opening cloud kitchen outlets to serve customers and generate huge revenue. However, the growing demand for digital ordering solutions will support the growth of the global cloud kitchen market and is paving the way for individual cloud kitchens too. The growing investments in marketing campaigns for cloud kitchen are likely to bring more traffic and generate huge revenue during the forecast period.
The global cloud kitchen market can be segmented into nature, type, and region.
By nature, the market can be segmented into franchised and standalone.
The franchised segment accounts for the largest share in the global cloud kitchen market due to the increasing number of franchised restaurants all across the globe. The surging popularity of tailored food and international cuisines among people is motivating operators to onboard popular brands. Establishing franchised restaurants involves lower risk and investment as the franchisor facilitates training and support ranging from equipment and supplies to marketing and staff training. The standalone segment is expected to witness a significant growth rate during the forecast period due to the fact that it requires low investments as compared to others and also ensures full control over kitchen operations.
By type, the market can be segmented into kitchen pods, commissary kitchens, and independent cloud kitchens.
The independent cloud kitchen segment dominates the global cloud kitchen market due to the growing number of standalone brands catering to customers from one location. Independent cloud kitchens target people that prefer a single cuisine type and depend on a third party for delivery. Moreover, the growing consumer preferences for online ordering, fast food, and international cuisines are likely to drive the growth of the segment in the forthcoming years.
Report Attributes | Report Details |
---|---|
Report Name | Cloud Kitchen Market |
Market Size in 2023 | USD 45.43 Billion |
Market Forecast in 2032 | USD 115.27 Billion |
Growth Rate | CAGR of 10.9% |
Number of Pages | 214 |
Key Companies Covered | Zuul Kitchens, Inc., Rebel Foods, Kitopi, Kitchen United, DoorDash, Dahmakan, and Cloud Kitchen |
Segments Covered | By nature, By type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific accounts for the largest share in the global cloud kitchen market due to the growing trend of cloud kitchens in the region. Moreover, the constantly increasing disposable income of people along with the growing adoption of smartphone applications is likely to further accentuate the growth of the regional market in forthcoming years. Also, the demand for online food delivery services is significantly increased due to the devastating outbreak of Covid-19 in the region.
North America is expected to see a significant growth rate in the forthcoming years due to the growing buying power of people in the region and increasing use of digital touchpoints solutions for different purposes, including ordering food. However, the growing awareness among people regarding the availability of cloud kitchens will further accentuate demand in the region.
Some of the significant players in the global cloud kitchen market are
By nature
By type
FrequentlyAsked Questions
The growing consumer preference for online food services over walk-in-dining experiences is one of the major factors driving the growth of the global cloud kitchen market. The outbreak of covid-19 has significantly boosted the cloud kitchen services all across the globe as when dining facilities shut down as the lockdown norm to contain the spread of the virus, online kitchen solutions gained significant popularity among consumers.
Some of the significant players in the global cloud kitchen market are Zuul Kitchens, Inc., Rebel Foods, Kitopi, Kitchen United, DoorDash, Dahmakan, and Cloud Kitchen.
Asia Pacific accounts for the largest share in the global cloud kitchen market due to the growing trend of cloud kitchens in the region. Moreover, the constantly increasing disposable income of people along with the growing adoption of smartphone applications is likely to further accentuate the growth of the regional market in forthcoming years.
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