Cloud Kitchen Market, Size, Share, Report, Growth, Forecast, Industry Analysis, Statistics 2027

The global cloud kitchen market size was valued at $43.1 billion in 2019, and is estimated to reach $71.4 billion by 2027 with a CAGR of 12.0% from 2021 to 2027.Cloud kitchens are also known as dark or shared kitchens. Cloud kitchens are delivery-only kitchens, which can be owned by a brand or third party working with various brands. Brands which are using cloud kitchens can also operate virtual restaurants or brick-and-mortar restaurant. Moreover, on the flip side brick-and-mortar restaurants are using separate cloud kitchen to provide more efficient delivery. In addition, the rise of on-demand food delivery is becoming a key trend in the food and beverages industry. Therefore, cloud kitchens represent a crucial element of this process, as large numerous operators adapt their businesses to a rising trend of online food delivery demand. As freshly prepared snacks and meals are becoming a large part of our lives owing to which more production of food will move into the cloud, which will also result in boosting the growth of the cloud kitchen market.

Over the years, there has been a rise in number of workforce in various demographic segments. As a result, majority of consumers around the world especially in the developed countries, look out for food products that can be prepared and served within a minimal range of time. Thus, in turn various fast food products witness significant demand over the past couple of years, which also resulted in boosting the growth of the cloud kitchen market. Moreover, hectic work schedule of millennial and Gen Z along with rise in demand for ready to eat products is driving the cloud kitchen market growth. Hence, the busy lifestyle being adopted by majority of consumers makes way for the cloud kitchen products to witness growth in terms of volume sales.

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Moreover, there has been an increase in number of users on various social media sites with rise in internet penetration. Considering this, most of the key players in the cloud kitchen market strategize on promoting their products and services on these social media platforms. Social media marketing is one of the major strategies adopted by various companies and industries to promote their product offerings. Thus, rise in use of social media marketing is anticipated to provide lucrative opportunity for the growth of the cloud kitchen market and eventually increase its customers. Cloud kitchen mainly produces fast food products that are known for their taste, unique product offerings, and easy availability, which attract the target customers. However, regular consumption of these products has negative effects on the health of the consumers. For instance, most fast food items, including drinks 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 the risk for insulin resistance, type 2 diabetes as well as weight gain. These factors are expected to restrain the growth of the cloud kitchen market.

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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 classified 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 (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, ASEAN and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

By type, the independent cloud kitchen segment led in terms of market share in 2019 and is expected to retain its dominance during the forecast period. This is attributed to an increase in demand for international cuisines like Thai food and Chinese food globally.

By product type, the burger/sandwich segment holds the largest cloud kitchen market share, accounting for 23.7% of the total revenue in 2019, followed by the chicken segment. This is attributed to the increasing demand for fast food products by millennial and Gen Z consumers across the globe.

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By nature, the franchised segment led in terms of market value in 2019 and is expected to retain its dominance during the forecast period. Moreover, the trend of franchising is increasing amongst the stakeholder as it helps in the expansion of the business and it requires less capital owing to which stakeholders are more interested in giving franchising of their cloud kitchens.

The key players operating in the cloud kitchen industry include Kitchen United, Rebel Foods, DoorDash Kitchen, Zuul Kitchen, Keatz, Kitopi, Ghost Kitchen Orlando, Dahmakan, Starbucks (Star Kitchen) and Cloud Kitchen.

Key Market Segments

By Type

o Independent Cloud Kitchen
o Commissary/Shared Kitchen
o KitchenPods

By Product Type

o Burger/Sandwich
o Pizza/Pasta
o Chicken
o Seafood
o Mexican/Asian Food
o Others

By Nature

o Franchised
o Standalone

Similar Reports

o Online Food Delivery Market: https://reports.valuates.com/market-reports/QYRE-Othe-1L375/online-food-delivery

o Cloud Kitchen Foodservice Market: https://reports.valuates.com/market-reports/QYRE-Auto-26U2581/covid-19-impact-on-global-cloud-kitchen-foodservice

o Online Food Delivery Platform Market: https://reports.valuates.com/market-reports/QYRE-Auto-16C1182/global-online-food-delivery-platform

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This release was published on openPR.