Cloud Kitchen Market Overview:
According to the latest report by IMARC Group, the global cloud kitchen market reached a value of US$ 56.71 Billion in 2021. It is projected to reach a value of US$ 112.53 Billion by 2027 exhibiting a CAGR of 11.50% during 2022-2027.
Cloud kitchens, commonly known as virtual kitchens, refer to shared cooking spaces among various restaurants under one roof that provide food only for delivery purposes. They are available in three types, namely commissary or shared kitchen, independent cloud kitchen, and kitchen pods.
Cloud kitchens enable food establishments to expand and optimize delivery or takeout services at a minimal cost. They aid in focusing on reducing administrative hassle and logistics, marketing, reaching a larger audience, etc. As a result, cloud kitchens are gaining traction as an ideal business solution across the globe to meet the emerging food delivery demands of local restaurants and fast-food chains.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Cloud Kitchen Market Trends and Drivers:
The escalating demand for virtual kitchens among food businesses, including meal prep companies, caterers, delivery-optimized restaurants, etc., for delivering food is primarily driving the cloud kitchen market.
Besides this, the elevating popularity of online food delivery services on account of the hectic working schedules of consumers is further stimulating the market growth. Apart from this, the growing need for convenient and quick meal options at affordable prices is also catalyzing the global market.
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Moreover, the rising technological advancements, such as the development of third-party apps that assist in making the ordering process highly systematic, algorithmic, and intuitive, are acting as significant growth-inducing factors.
Furthermore, the leading market players are investing in the seamless integration of point of sale, kitchen display, and inventory management technologies, which is expected to bolster the cloud kitchen market in the coming years.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
CloudKitchens, DoorDash Inc., Kitchen United, Kitopi, Lightspeed Commerce Inc., PAR Technology Corporation, POSist Technologies Pvt. Ltd., Rebel Foods, Starbucks Coffee Company, Swiggy and Toast Inc.
The report has segmented the market on the basis of region, type, product type and nature.
Breakup by Type:
- Independent Cloud Kitchen
- Commissary/Shared Kitchen
- Kitchen Pods
Breakup by Product Type:
- Burger and Sandwich
- Pizza and Pasta
- Mexican and Asian Food
Breakup by Nature:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- 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.