The cloud kitchen market has experienced significant growth
owing to change in consumer preferences toward convenience and
online food delivery services, which has helped boost demand.
Moreover, lower overhead costs as compared to traditional
restaurants attract entrepreneurs to enter into cloud kitchen
business. In addition, advancements in technology facilitate
efficient operations and order management have collectively
contributed to the rapid growth of the cloud kitchen
market.
WILMINGTON, Del., May 9, 2024
/PRNewswire/ -- Allied Market Research published a report,
titled, "Cloud Kitchen Market by Nature
(Franchised and Standalone), Type (Independent Cloud Kitchen,
Commissary/Shared Kitchen, and Kitchen Pods), and Product Type
(Burger/Sandwich, Pizza, Pasta, Chicken, Seafood, Mexican/Asian
Food, and Others): Global Opportunity Analysis and Industry
Forecast, 2024-2035". According to the report, the "cloud
kitchen market" was valued at $44.9
billion in 2023, and is estimated to reach $154.9 billion by 2035, growing at a CAGR of
11.0% from 2024 to 2035.
Download PDF
Brochure: https://www.alliedmarketresearch.com/request-sample/A06408
Prime determinants of growth
The rapid expansion of the cloud kitchen market is fueled by
shifting consumer preferences towards convenience and online food
delivery services, with significant impact of the COVID-19
pandemic on traditional dine-in restaurants. As consumers
increasingly opt for the ease of ordering food online, cloud
kitchens emerge as a cost-effective solution tailored for
delivery-only operations, catering to rise in demand for
off-premises dining options. The pandemic has acted as a catalyst,
accelerating the adoption of cloud kitchens as restaurants pivot
toward delivery-centric models to adapt to restrictions and
closures. Moreover, the scalability and flexibility of cloud
kitchens attract both food entrepreneurs and established restaurant
brands, offering opportunities for market expansion with reduced
overhead costs.
Report coverage & details
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2035
|
Base
Year
|
2023
|
Market Size in
2022
|
$44.9
Billion
|
Market Size in
2032
|
$154.9
Billion
|
CAGR
|
11.0 %
|
No. of Pages in
Report
|
285
|
Segments
Covered
|
Nature, Type, Product
Type, and Region
|
Regional
Scope
|
North America, Europe,
Asia Pacific, Latin America, and Middle East & Africa
|
Country
Scope
|
U.S., Canada, Mexico;
UK, Germany, France, Italy, Spain, Russia; China, Japan, India,
Australia, ASEAN; Brazil, Argentina, Colombia; GCC, and South
Africa
|
Drivers
|
Increasing demand for
online food delivery services
|
Cost-effectiveness and
efficiency of cloud kitchen operations
|
Adaptation to changing
consumer preferences, especially post-COVID-19
|
Opportunities
|
Expansion into
underserved or untapped markets
|
Integration of
technology for enhanced operations and customer
experience
|
Restraints
|
Intense competition in
the food delivery market
|
Challenges in
maintaining food quality and consistency
|
Regulatory hurdles and
compliance issues
|
The franchised segment to maintain its
leadership status during the forecast period
By nature, the franchised segment held the highest market share
in 2023, accounting for nearly three-fourths of the global cloud
kitchen market revenue and is estimated to maintain its leadership
status during the forecast period. Franchised cloud kitchen
accounts for a higher value share, as the segment has a larger
customer base, which is loyal to its brand and product offerings.
Such kitchens have unique trademarks that are used for promotional
activities as well as for selling their products. These kitchens
also provide or facilitate customer loyalty programs for customers
who frequently order food from cloud kitchens. Furthermore, Halal
Guys, a cloud kitchen is working with Fransmart, which is a
franchise development company, to develop 400 new independent cloud
kitchens to increase its delivery services. Hence, effective
franchising strategies adopted by operators boost the growth of the
cloud kitchen market.
Procure Complete Report (285 Pages PDF with Insights, Charts,
Tables, and Figures)
@ https://www.alliedmarketresearch.com/checkout-final/cloud-kitchen-market
The independent cloud kitchen segment to maintain
its leadership status during the forecast period
By type, the independent cloud kitchen segment held the highest
market share in 2023, accounting for more than three-fifths of the
global cloud kitchen market and is estimated to maintain its
leadership status during the forecast period. Independent
cloud kitchens dominate the market primarily owing to their
agility, adaptability, and lower barriers to entry compared to
traditional restaurant chains. Unlike established brands,
independent operators can swiftly respond to changing consumer
preferences, experiment with diverse cuisines, and pivot their
offerings without the constraints of legacy infrastructure or brand
image. Moreover, independent cloud kitchens often require less
initial investment, as they can operate from smaller, more
cost-effective locations and leverage shared kitchen spaces. As a
result, less investment allows entrepreneurs and small businesses
to enter the market more easily and compete alongside larger
players. In addition, rise in online food delivery platforms has
increased access to customers, enabling independent cloud kitchens
to reach broader audiences and establish a loyal customer base
without the need for extensive marketing budgets or physical
storefronts.
The burger and sandwich segment to maintain its
leadership status during the forecast period
By product type, the burger and sandwich segment held the
highest market share in 2023, accounting for more than one-fifth of
the global cloud kitchen market and is estimated to maintain its
leadership status during the forecast period. These classic
comfort foods cater to a wide range of tastes and dietary
preferences, which makes them a popular choice for consumers across
different demographics and cultures. Moreover, burgers and
sandwiches are well-suited for delivery, as they travel well and
maintain their quality during transit, ensuring a satisfying dining
experience for customers ordering from cloud kitchens. Furthermore,
the customizable nature of burgers and sandwiches allows for
endless variations and innovative flavor combinations that
enables cloud kitchen operators to differentiate their offerings
and attract customers seeking unique culinary experiences. Thus,
with the growing demand for convenient and affordable dining
options, burgers and sandwiches continue to drive high sales rates
in the cloud kitchen market globally, serving as staple menu items
for both independent operators and established restaurant
brands.
For Purchase
Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/A06408
North America to
maintain its dominance by 2035
Region-wise, North America held
the highest market share in terms of revenue in 2023
and is expected to dominate the market during the forecast
period. Rise in population and improved lifestyle are the key
factors that drive the growth of the cloud kitchen market. Increase
in purchasing power in the region majorly boosts sales of cloud
kitchen products in the region. Moreover, consumers are
increasingly opting for different types of fast food, resulting in
a strong requirement of cloud kitchen products. Thus, the cloud
kitchen market holds significant potential and is expected to
experience a considerably higher growth rate during the forecast
period in the region.
Leading Market Players: -
- Dahmakan
- DoorDash
- Ghost Kitchen Orlando
- Keatz, Kitchen United
- Kitopi Catering Services LLC
- Rebel Foods
- Starbucks Corporation
- Swiggy
- Zomato
The report analyzes government regulations, policies, and
patents to provide information on the current market trends and
suggests future growth opportunities globally. Furthermore, the
study highlights Porter's five forces analysis to determine the
factors affecting market growth.
Trending Reports in Food & Beverages
Industry:
Online Food Delivery Market Size, Share, Competitive Landscape
and Trend Analysis, 2023-2032
Catering And Food Service Contract Market Global Opportunity
Analysis, 2023-2032
Philippines Quick Service Restaurants Market Opportunity Analysis
and Industry Forecast, 2023-2032
Food away from home Market: Global Opportunity Analysis and
Industry Forecast, 2021-2031
Fast Casual Restaurant Market Size, Share, Competitive Landscape
and Trend Analysis, 2023-2032
Quick Service restaurant Ecosystem Market Size, Share, Competitive
Landscape, 2023-2032
About us:
Allied Market Research (AMR) is a full-service market research
and business-consulting wing of Allied Analytics LLP based in
Wilmington, Delaware. Allied
Market Research provides global enterprises as well as medium and
small businesses with unmatched quality of "Market Research
Reports" and "Business Intelligence Solutions." AMR has a targeted
view to provide business insights and consulting to assist its
clients to make strategic business decisions and achieve
sustainable growth in their respective market domain.
We are in professional corporate relations with various
companies and this helps us in digging out market data that helps
us generate accurate research data tables and confirms utmost
accuracy in our market forecasting. Allied Market Research CEO
Pawan Kumar is instrumental in
inspiring and encouraging everyone associated with the company to
maintain high quality of data and help clients in every way
possible to achieve success. Each and every data presented in the
reports published by us is extracted through primary interviews
with top officials from leading companies of domain concerned. Our
secondary data procurement methodology includes deep online and
offline research and discussion with knowledgeable professionals
and analysts in the industry.
Contact us:
David
Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web:
https://www.alliedmarketresearch.com/reports-store/food-and-beverages
Follow Us on | Facebook | LinkedIn | YouTube
Logo:
https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original
content:https://www.prnewswire.com/news-releases/cloud-kitchen-market-to-reach-154-9-billion-globally-by-2035-at-11-0-cagr-allied-market-research-302140010.html
SOURCE Allied Market Research