Global Cloud Kitchen Market to be Driven by Rising Demand for Convenience Foods and Rapid Urbanization During the Forecast Period 2022-2027
Expert Market Research’s new report titled “Global Cloud Kitchen Market Report and Forecast 2022-2027”, gives an in-depth analysis of the global cloud kitchen market, assessing the market based on its segments such as type, type of product, nature and large regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
- Historical market size (2021): USD 31.3 billion
- Forecast CAGR (2022-2027): 8%
- Forecast market size (2027): USD 64.3 billion
The cloud kitchen market is driven by growing consumer preference for online dining services over dining experiences. The Asia-Pacific region is expected to account for a substantial share of the global cloud kitchen industry. This increase can be attributed to the growing working population of the region and its desire for online dining, which saves time on cooking, is cost effective and offers a choice of cuisines which is expected to drive the growth of the industry. industry in the years to come.
Cloud kitchens, often referred to as “ghost kitchens” or “virtual kitchens,” are shared cooking areas for many restaurants under one roof that only serve delivery. It is a type of centralized food production service that rents space to restaurants and cafes without requiring them to establish a physical presence, which saves money. Cloud cooking meals are designed to be prepared easily and delivered safely to the consumer.
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According to type, the industry can be divided into:
- Kitchen pods
On the basis of product type, the industry can be categorized into:
- Mexican/Asian cuisine
Based on the nature, the industry is divided into:
Regional markets include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Cloud cooking has grown in popularity over the years as the meal delivery industry has grown, globalization has increased, and customer preferences for continental and fast food have grown. This increase has been accelerated by the COVID-19 pandemic, which has increased demand for online food delivery as dining out is no longer an option. Cloud kitchens allow restaurants to sell their services through third-party apps, expanding their reach while simultaneously reducing purchase and maintenance costs. This allows them to focus solely on the food component. Moreover, rapid technical improvements, such as third-party applications, help improve the user experience by making the ordering process highly systematic, thus improving the overall efficiency of processes such as production, shipping and payment. These factors are expected to have a substantial impact on the growth of the market over the forecast period.
Main market players
The major market players are Kitchen United, Rebel Foods Pvt. Ltd., DoorDash, Inc. (Doordash Kitchen), Kitopi Catering Services LLC and others.
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