Cloud Kitchen Market to grow at a CAGR of 12.0% from 2021-2027 | Valuates Reports

The Global Cloud Kitchen Market size was valued at USD 43.1 Billion in 2019 and is estimated to reach USD 71.4 Billion by 2027, with a CAGR of 12.0% from 2021 to 2027. An increase in demand for online meal delivery, an increase in desire for international cuisine, and the adoption of tech-savvy ordering systems are all driving the expansion of the cloud kitchen market

One of the important aspects projected to support the expansion of the cloud kitchen market size is its cost-effectiveness. For most restaurants, real estate has always been one of the most expensive variables. Cloud kitchens will reduce this cost since they can operate from less-than-ideal locations and save on leasing costs associated with the space required to attract dining traffic. Cloud kitchens also produce standardized items, lowering costs even further.

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The number of users on various social media platforms has increased as internet penetration has increased. As a result, most of the key players in the cloud kitchen sector strategize to promote their goods and services on these social media platforms. Social media marketing is one of the primary methods used by various firms and industries to promote their product offers. As a result, the increased usage of social media marketing is likely to give lucrative chances for the cloud kitchen industry's expansion and, as a result, increase its customer base.

As in manufacturing, product creation in cloud kitchens can be optimized by focusing on limited menus and limited goods. In addition, cloud kitchens are doing tests with robots and devices that can further automate the process. The possibility of automation could boost the market size of cloud kitchens even more.

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Based on type, the independent cloud kitchen segment is expected to hold the largest market share during the forecast period. This is due to a rise in global demand for exotic cuisines such as Thai and Chinese cuisine. However, the KitchenPods segment is predicted to witness the fastest growth, registering a CAGR of 13.9% during the forecast period.

Based on product type, the burger/sandwich segment held the largest cloud kitchen market share, accounting for 23.7% of the total revenue in 2019, followed by the chicken segment. This is due to millennial and Gen Z customers' increased demand for fast food products around the world. However, the seafood segment is predicted to witness the fastest growth, registering a CAGR of 15.1% during the forecast period.

Based on the nature of business, the franchised segment is expected to hold the largest virtual kitchen market share during the forecast period. The trend of franchising is growing among stakeholders since it helps with business expansion and takes less cash, therefore stakeholders are more interested in franchising their cloud kitchens. However, the standalone segment would witness the fastest growth, registering a CAGR of 13.1% during the forecast period.

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The Cloud kitchen industry is highly fragmented with many local players involved in the market. Global players are following the franchising model to target regional audiences by incorporating their local flavors in their signature dish.

Some of the top players analyzed in the Cloud kitchen market report are:

Kitchen United, Rebel Foods, DoorDash Kitchen, Zuul Kitchen, Keatz, Kitopi, Ghost Kitchen Orlando, Dahmakan, Starbucks (Star Kitchen), and Cloud Kitchen.

Cloud Kitchen Market by Type
➣Independent Cloud Kitchen
➣Commissary/Shared Kitchen
➣KitchenPods

Cloud Kitchen Market by Product Type
➣Burger/Sandwich
➣Pizza/Pasta
➣Chicken
➣Seafood
➣Mexican/Asian Food
➣Others

Cloud Kitchen Market by Nature
➣Franchised
➣Standalone

Cloud Kitchen Market by Regional and Country-level Analysis
➣North America
➣United States
➣Canada
➣Asia-Pacific
➣China
➣Japan
➣South Korea
➣India
➣Southeast Asia
➣Australia
➣Rest of Asia-Pacific
➣Europe
➣Germany
➣France
➣U.K.
➣Italy
➣Russia
➣Nordic Countries
➣Rest of Europe
➣Latin America
➣Mexico
➣Brazil
➣Rest of Latin America
➣Middle East & Africa
➣Turkey
➣Saudi Arabia
➣UAE
➣Rest of MEA

Similar Reports:

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

Home Appliance Market: https://reports.valuates.com/market-reports/QYRE-Auto-1992/global-home-appliance

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This release was published on openPR.