✷ A06408 | Pages: 234 | May 2022 | 24923 Views | ||
Author(s) : Vidit Gite , Roshan Deshmukh | Tables: 149 | Charts: 61 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Cloud Kitchen Market
Request Now !The global cloud kitchen market was valued at $29.4 billion in 2020, and is projected to reach $112.7 billion by 2030, growing at a CAGR of 13.12% from 2021 to 2030.
[COVIDIMPACTSTATEMENT]
Rise in number of young populations globally, along with changing taste preference of consumers has raised demand for online food delivery. Moreover, hectic life schedule and rise in consumer disposable income are major factors that propels the cloud kitchen market growth. Furthermore, increase in use of smart phones, rise in literacy, and easy access to the internet has made ordering food easier. Now a days, food restaurants are tying up with online food service sites such as Zomato for delivery of food and to increase their sales. Moreover, online food delivery services also provide lots of offers, which attracts consumers and helps in increasing the consumer base. Hence, effective offers and good customer service boosts growth of the cloud kitchen market.
Globalization has bought the world closer. Internet, television shows, magazines, and newspapers are the main factors that have made people aware about different cultures. When people get to know about the food of different regions, curiosity of tasting them emerges. This results in demand for new cuisines. Cuisines such as Thai food and Chinese food have been a great success globally. Over past few years, the food service sector has witnessed significant demand, and is expected to witness exponential growth, owing to high percentage of young and working population, with rise in disposable income. Fast food manufacturers are continuously promoting health benefits-oriented food products among customers in North America, Europe, Asia-Pacific, as well as in the Middle East countries. Asia-Pacific has witnessed a significant rise in demand for various types of international cuisines such as pizzas and burgers. Hence, such factors propel growth of the cloud kitchen market.
However, Fast food products are usually known for their taste, unique product offerings, and easy availability, which attract target customers. However, regular consumption of these products has negative effects on health of consumers. For instance, most fast-food items, including drinks and sides, are loaded with carbohydrates with very less content of fiber. Therefore, consumption of high amount of carbs can lead to repeated spikes in blood sugar level. Thus, this increases risk for insulin resistance, type 2 diabetes, as well as weight gain. These factors are expected to restrain growth of the cloud kitchen market.
Segment Review
The cloud kitchen market is segmented into type, product type, nature, and region. By type, the market is categorized into kitchen, commissary/shared kitchen, and kitchenpods. By product type, it is categorized into burger/sandwich, pizza/pasta, chicken, seafood, Mexican/Asian food, and others. By nature, it is bifurcated into franchised and standalone. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand & New Zealand, ASEAN, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa)
By type, the global cloud kitchen is segmented into independent cloud kitchen, commissary/shared, and kitchenpods. The independent cloud kitchen type segment accounted for a major share in the market in 2020, owing to increase in demand for international cuisines such as Thai food and Chinese food globally. Moreover, increase in online food delivery further boosts growth of the cloud kitchen market.
On the basis of product type, the cloud kitchen is segmented into burger/sandwich, pizza, pasta, chicken, seafood, Mexican/Asian food, and others. The burger/sandwich segment held the largest cloud kitchen market share, accounting for around 25% of the total revenue in 2020, followed by the chicken segment. This is attributed to increase in demand for fast food products by millennial and Gen Z consumers across the globe.
On the basis of nature, the cloud kitchen market size is segmented into franchised and standalone. The franchised segment held major share in the market, and is projected to remain dominant during the cloud kitchen market forecast period. Moreover, the trend of franchising is increasing among stakeholders as it helps in expansion of businesses and it requires less capital, owing to which stakeholders are more interested in giving franchises of their cloud kitchens.
Region wise, the market is segmented into North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand & New Zealand, ASEAN, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players operating in the cloud kitchen industry include Dahmakan, DoorDash, Ghost Kitchen Orlando, Keatz, Kitchen United, Kitopi Catering Services LLC, Rebel Foods, Starbucks Corporation, Swiggy, and Zomato.
The cloud kitchen market is segmented into Nature, Type and Product Type.
Key Market Segments & Key Market Players
Segments | Sub-segments |
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By Nature |
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By Type |
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By Product Type |
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By Region |
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Key Market Players | KITCHEN UNITED, Rebel Foods, DOORDASH KITCHEN, ZUUL KITCHEN, KEATZ, Kitopi, GHOST KITCHEN ORLANDO, DAHMAKAN, STARBUCKS (STAR KITCHEN), Zomato |
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Innovation is the key for growth of the global cloud kitchen market, in terms of value sales. Rise in demand for various international cuisines among consumers makes way for manufacturers to come up with cloud kitchens comprising features such as online delivery.
Cloud kitchens are also known as dark or shared kitchens. These are delivery-only kitchens that can be owned by a brand or third party working with various brands. Moreover, increase in number of young populations globally, along with changing taste preferences consumers have led to rise in demand for online food delivery. Hectic life schedule and rise in consumer disposable income are the major factors that propel the market growth. Furthermore, increase in use of smart phones, rise in literacy, and easy access to the internet has made ordering food easier. Now a days, food restaurants are tying up with online food service sites such as Zomato for delivery of food and to increase their sales. Moreover, online food delivery services also provide lots of offers, which attracts consumers and helps in increasing the consumer base. Hence, effective offers and good customer service boosts growth of the cloud kitchen market.
A. The global kitchen market size was valued at $29,418.5 million in 2020, and is estimated to reach $112,741.7 million by 2030 with a CAGR of 13.12% from 2021 to 2030.
A. The forecast period in the market report would be 2021-2030.
A. The market value of cloud kitchen market in 2020 is $29,418.5 million.
A. The year 2020 is base year calculated in the cloud kitchen market report.
A. Rise in demand for online food delivery and increase in demand for international cuisine are the key factors to support the cloud kitchen market report.
A. The key players operating in the cloud kitchen industry include Dahmakan, DoorDash, Ghost Kitchen Orlando, Keatz, Kitchen United, Kitopi Catering Services LLC, Rebel Foods, Starbucks Corporation, Swiggy, and Zomato.
A. Due to the outbreak of the COVID-19 pandemic, all brick-and-mortar restaurants were closed and no dining facility was available. A very large number of people have also become aware of health risks of eating in packed restaurants.
A. North America will dominate the market by the end of 2031.
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