Overview and Scope
The cloud kitchen is referred to as virtual kitchens or ghost kitchens. The cloud kitchen is a commercial kitchen that helps in providing space for food businesses including the services and facilities that are needed to prepare the menu for takeout and delivery. Cloud kitchen is specifically used for food deliveries only.
Sizing and Forecast
The cloud kitchen market size has grown strongly in recent years. It will grow from $61.67 billion in 2023 to $67.59 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to urbanization, rise of food delivery apps, lower operational costs, flexibility and scalability, entrepreneurial opportunities, globalization of cuisine.
The cloud kitchen market size is expected to see rapid growth in the next few years. It will grow to $103.3 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to contactless dining, sustainable practices, e-commerce growth, demand for local and authentic cuisine, crisis resilience, regulatory support. Major trends in the forecast period include ghost kitchen collaborations and partnerships, integration of technology for operational efficiency, virtual brands and multi-concept kitchens, optimized menu design, diversification of delivery channels.
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Segmentation & Regional Insights
The cloud kitchen market covered in this report is segmented –
1) By Type: Independent Cloud Kitchen, Commissary Or Shared Kitchen, Kitchenpods
2) By Food Type: Burger And Sandwich, Pizza And Pasta, Chicken, Seafood, Mexican And Asian Food, Other Types
3) By Nature: Franchised, Standalone
Asia-Pacific was the largest region in the cloud kitchen market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the cloud kitchen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in number of smartphone users, increasing demand for online food services is expected to drive the growth of the cloud kitchen market. The increasing consumer preference for online food services is due to the hectic life schedules of people and rising disposable incomes which increases the growth of the cloud kitchen. For instance, in 2021, Oberlo reported the number of global smartphone users accounted to nearly 6.4 billion, marking a 5.3% annual increase. The smartphone penetration rate in 2023 will be at nearly 53.8%. Therefore, the increasing number of smartphone users is driving the cloud kitchen market growth.
Key Industry Players
Major companies operating in the cloud kitchen market report are Zuul Kitchen, Swiggy Platform Private Limited, Uber Technologies Inc., Taster Inc., Starbucks Corporation, DoorDash Inc., Reef Technology Inc., Toast Inc., Grubhub Inc., Deliveroo Holdings PLC, Foodpanda Pte. Ltd., Foodpanda, Pop Meals, Zomato Ltd., Lightspeed Commerce Inc., Fat Brands Inc., PAR Technology Corporation, Olo Inc., Posist Technologies Pvt. Ltd., Rebel Foods Inc., Kitopi Catering Services LLC, Just Eat Takeaway.com N.V., CloudKitchens Inc., Cloudbeds Inc., Xenial Inc., Kitchen United, Farm to Fork Meals, Sweetheart Kitchen Inc., Keatz Inc., Ghost Kitchen Orlando LLC
The cloud kitchen market report table of contents includes:
1. Executive Summary
2. Cloud Kitchen Market Characteristics
3. Cloud Kitchen Market Trends And Strategies
4. Cloud Kitchen Market – Macro Economic Scenario
5. Global Cloud Kitchen Market Size and Growth
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31. Cloud Kitchen Market Other Major And Innovative Companies
32. Global Cloud Kitchen Market Competitive Benchmarking
33. Global Cloud Kitchen Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cloud Kitchen Market
35. Cloud Kitchen Market Future Outlook and Potential Analysis
36.Appendix
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