GLOBAL CLOUD KITCHENS MARKET IS EXPECTED TO FORESEE SIGNIFICANT GROWTH DURING THE FORECAST PERIOD. NORTH AMERICA TO WITNESS THE HIGHEST GROWTH
Global Cloud Kitchens Market is expected to reach the market valuation of USD 112.5 billion by 2027 expanding at a reasonable CAGR of 15.1% during the forecast period (2021-2027). Cloud kitchens are delivery-only kitchens that can be owned by a brand or rented outlet to different brands. Brands that use cloud kitchens can run a virtual restaurant as well as a physical restaurant.
There has been an increase in the number of users on various social media sites with a rise in internet penetration. For instance, 1.37 billion active users visited Facebook daily in the fourth quarter of 2017. Overall, daily active users accounted for 66% of monthly active users. Various companies and industries use social media marketing as one of their primary techniques for promoting their product offers. As a result, the increased usage of social media marketing is expected to create a lucrative potential for the cloud kitchen market to grow and expand its consumers. According to Forbes, Facebook mobile ads make for 87 percent of ad income, which was USD 9.16 billion at the beginning of 2018.
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The COVID19 has resulted in a major movement in demand away from restaurant eating and toward food delivered to the home. Cloud kitchens have been crucial in making this possible. This increase in cloud kitchen activities is part of a larger movement in consumer preferences toward delivery services. Due to lockdown in various regions worldwide the demand for online food delivery has increased. For instance, the coronavirus (COVID-19) pandemic caused an unusual increase in off-premise food services between 2019 and 2020. Restaurant meal delivery climbed by 47 percent internationally, with 95 percent, 89 percent, and 69 percent increases in the United States, Russia, and Canada, respectively.
Based on type, the market is fragmented into independent cloud kitchen, commissary/shared kitchen, and kitchen pods. The independent cloud kitchen segment dominated the market in 2020 and generated total revenue of USD XX billion. It is anticipated to maintain its dominance during the forecast period owing to due to a rise in global demand for exotic cuisines such as Thai and Chinese cuisine. For instance, the United States retail sales of exotic food increased from 11 billion in 2013 to 12.5 billion in 2018. This exotic food mostly included Mexican, Asian, and Italian cuisine.
For a detailed analysis of the COVID-19 Impact on Cloud Kitchens browse through – https://univdatos.com/report/cloud-kitchen-market
Based on product type, the market is fragmented into Burger/Sandwich, Pizza/Pasta, Chicken, Seafood, Mexican/Asian Food, and Others. In 2020, the burger/sandwich segment accounted for a maximum market revenue share of XX% and is expected to remain dominant during the analyzed period owing to its high demand among millennials and Gen Z consumers.
Based on nature, the market is fragmented into Franchised and Standalone. The franchised segment dominated the market in 2020 and generated total revenue of USD XX billion. It is anticipated to maintain its dominance during the forecast period. Moreover, the segment is also expected to witness the highest CAGR during the analyzed period.
Additionally, the report provides detailed initiatives that are being taken in the field of Cloud Kitchens. The market is classified into distinct regions North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD XX billion in 2020 owing to hectic schedules, busy and fast life. For instance, 36% of Americans eat fast food on the regular basis. However, the Asia Pacific region would grow at the highest CAGR during the forecast period.
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Kitchen United, Rebel Foods, Door Dash Kitchen, Zuul Kitchen, Keatz, Kitopi, Ghost Kitchen Orlando, Dahmakan, Starbucks (Star Kitchen), and Cloud Kitchen are some of the prominent players operating in the global Cloud Kitchens market. Several M&As along with partnerships have been undertaken by these players to develop Cloud Kitchens across the globe to fulfill the growing demand.
Cloud Kitchens Market Segmentation
Market Insight, by Type
- Independent Cloud Kitchen
- Commissary/Shared Kitchen
- Kitchen Pods
Market Insight, by Product type
- Mexican/Asian Food
Market Insight, by Nature
Market Insight, by Region
- North America
- United States
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Kitchen United
- Rebel Foods
- DoorDash Kitchen
- Zuul Kitchen
- Ghost Kitchen Orlando
- Starbucks (Star Kitchen)
- Cloud Kitchen