Cloud Kitchen Market - Global Size Analysis, Industry Demand, Share, Global Trend, Emerging Technologies, Sales Revenue, Key Strategies, Business Prospect and Industry Research Report to 2021-2027
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.
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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.
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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
· Burger/Sandwich
· Pizza/Pasta
· Chicken
· Seafood
· Mexican/Asian
Food
·
Others
Market Insight, by Nature
· Franchised
·
Standalone
Market Insight, by Region
·
North America
o
United States
o
Canada
·
Europe
o
France
o
Germany
o
Italy
o
Spain
o
United Kingdom
o
Rest of Europe
·
Asia-Pacific
o
China
o
Japan
o
India
o
Australia
o
Rest of Asia-Pacific
·
Rest of World
Top Company Profiles
·
Kitchen United
·
Rebel Foods
·
DoorDash Kitchen
·
Zuul Kitchen
·
Keatz
·
Kitopi
·
Ghost Kitchen Orlando
·
Dahmakan
·
Starbucks (Star Kitchen)
·
Cloud Kitchen
Labels: Cloud Kitchen Market
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