Cloud Kitchen Market is expected to reach USD 138.24 Bn. by 2029 Dining and food delivery sectors to impact cloud kitchen market growth throughout the forecast period
Pune, Dec 5, 2022: As per Maximize Market research, a global business research and consultancy firm, the total global market for cloud kitchens was worth USD 52 Bn. in 2021 and is expected to grow at a CAGR of 13% over the forecast period to reach over USD 138.24 Bn. by 2029.
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Cloud Kitchen Market Report Scope & Research Methodology:
The Cloud Kitchen Market report includes product categorization, applications, development trends, product technologies, competitive landscape, industrial frameworks, national and international policies as well as important growth dynamics. All conceivable elements influencing the market growth have been considered in the report scope, examined in depth, validated through primary research, and evaluated to provide the final quantitative and qualitative data. The market size for top-level markets and sub-segments has been consolidated, and the impact of inflation, economic downturns, regulatory & policy changes, and other variables is factored into the market forecast.
Cloud Kitchen Market Overview:
During the forecast period, the booming dining and food delivery sectors, as well as a rise in average global income, all act as growth drivers for the cloud kitchen market. Online meal delivery services have grown in popularity over time. This aspect drives the cloud kitchen industry’s growth. Cloud kitchens provide two benefits: using underused culinary abilities to their full extent and contributing to the co-creation of delivery brands. Additionally, the cheap rent-to-revenue ratio attracts a lot of people to the cloud cooking business. Cloud kitchens are forecast to gain tremendous demand as a result of these factors.
Cloud Kitchen Market Dynamics:
Since the global increase in young people and changing consumer tastes, the need for online meal delivery has grown. Moreover, the busy lifestyle and rising consumer income are major drivers of the cloud kitchen market’s growth. Additionally, ordering takeaway has gotten easier as a result of the rise in smartphone usage, rising literacy rates, and accessible internet access. Restaurants are now cooperating with internet meal delivery services like Zomato to increase food delivery and sales. Also, various promotions are given by online food delivery firms, attracting clients and expanding the customer base. So innovative advertising and excellent customer service help the cloud kitchen industry thrive.
Cloud Kitchen Market Regional Insights:
Cloud kitchens are more popular in the Asia Pacific, where they account for 65% of the market. The rising trend of cloud kitchens in countries like China and India is driving regional industry growth. Online meal delivery services are on the rise, thanks in part to rising disposable earnings and millennials’ increased use of smartphone apps. Also, when dine-in restaurants were closed due to the COVID-19 outbreak, there was an increase in demand for online meal delivery services, which prompted the establishment of several cloud kitchens in the region and aided the regional market growth.
Cloud Kitchen Market Segmentation:
- Independent Cloud Kitchen
- Commissary/Shared Kitchen
- Kitchen Pods
- Mexican/Asian Food
Cloud Kitchen Market Key Competitors:
- Auntie Anne’s Franchisor SPV LLC
- Domino’s Pizza, Inc.
- CKE Restaurants Holdings, Inc.
- Firehouse Restaurant Group, Inc.
- Jack in the Box, Inc.
- Restaurant Brands International, Inc.
- Yum Brands Inc.
- Inspire Brands, Inc.
- Doctor’s Associates, Inc.
- Kitchen United
- Rebel Foods
- Doordash Kitchen
- Zuul Kitchen
- Ghost Kitchen Orlando
- Innobliss Solutions Private Limited
Key Questions answered in the Cloud Kitchen Market Report are:
- What is the competitive scenario of the Cloud Kitchen Market?
- Which are the key factors aiding the Cloud Kitchen Market growth?
- Which region is expected to hold the largest share of the Cloud Kitchen Market by 2029?
- What will be the CAGR of the Cloud Kitchen Market during the forecast period?
- Which are the prominent players in the Cloud Kitchen Market?
- What key trends are likely to emerge in the Cloud Kitchen Market during the forecast period?
- What is the expected Cloud Kitchen Market size by 2029?
- Which company held the largest share of the Cloud Kitchen Market in 2021?
- Which application segment is expected to emerge as the leading segment in the Cloud Kitchen Market?
- Which product segment held the largest share of the Cloud Kitchen Market in 2021?
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