The new report by Expert Market Research titled, ‘Global Cloud Kitchen Market Price, Share, Size, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global cloud kitchen market, assessing the market based on its segments like type, product type, nature and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 31.3 billion
- Forecast CAGR (2023-2028): 12.8%
- Forecast Market Size (2026): USD 64.3 billion
The cloud kitchen market is driven by the growing consumer preference for online food services over dining experiences. The Asia Pacific region is expected to account for a substantial portion of the global cloud kitchen industry. This increase can be ascribed to the region’s expanding working population and their desire for online meals, which saves time from cooking, is cost-effective, and provides a choice of cuisines which is projected to boost industry growth in the upcoming years.
Cloud Kitchen Industry Segments
Cloud kitchens, often known as “ghost kitchens” or “virtual kitchens,” are shared cooking areas for many restaurants under one roof that serve only delivery. These are a type of centralised food production service that rents out space to restaurants and cafes without requiring them to build a brick-and-mortar presence, which saves money. Cloud kitchen meals are designed to be easily prepared and securely provided to the consumer.
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Based on type, the industry can be divided into:
- Kitchen Pods
On the basis of product type, the industry can be classified into:
- Mexican/Asian Food
Based on the nature, the industry is bifurcated into:
The regional markets include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Cloud Kitchen Market Trends
Cloud kitchen has grown in popularity over the years as the meal delivery industry has developed, globalisation has increased, and customer preferences for continental and fast food have increased. This rise has been accelerated by the COVID-19 pandemic, which has increased demand for online food delivery because dining out is no longer an option. Cloud kitchens enable restaurants to sell their services through third-party apps, expanding their reach while simultaneously lowering purchase and maintenance costs.
This allows them to concentrate solely on the food component. Furthermore, quick technical improvements, such as the third-party apps, help to improve the user experience by making the ordering process highly systematic, enhancing the overall efficiency of processes such as production, shipping, and payment. These factors are projected to have a substantial impact on market growth during the forecast period.
Key Market Players
The major players in the market are Kitchen United, Rebel Foods Pvt. Ltd., DoorDash, Inc. (Doordash Kitchen), Kitopi Catering Services LLC, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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