Cloud Kitchen Market Growth Drivers 2022, Industry Share Size, Global Demand, Emerging Trends, Opportunities, Key Players Strategies and SWOT Analysis 2030

Cloud Kitchen Market size was valued at USD 51.96 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 12.4% during the forecast period i.e., 2021 to 2030 and achieve revenues of $148.7.

Globalization has brought people closer together. People have become more aware of diverse cultures because to the internet, television shows, publications, and newspapers. People become curious about the food of different regions when they learn about it. As a result, new cuisines are in high demand. Thai and Chinese cuisines have been hugely popular around the world. The food service industry has seen tremendous expansion in recent years, and is anticipated to continue to do so in the future, thanks to a high ratio of young and working people and an increase in disposable money. Customers in North America, Europe, Asia-Pacific, and the Middle East countries are constantly being promoted health-oriented food products by fast food companies. The Asia-Pacific region has seen a tremendous increase.

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A cloud kitchen is a centralised virtual commercial area where delivery-optimized menu items or food consumed off-premises are prepared. When opposed to traditional brick-and-mortar establishments, which require a physical dine-area and a large capital investment, it allows food businesses to optimise and expand delivery or takeout services at a cheap cost. It also allows them to focus on marketing while reducing administrative and logistical hassles and reaching a bigger audience. As a result, it's gaining popularity as a suitable business solution for local restaurants and fast-food chains to address the growing demand for meal delivery.

Global Cloud Kitchen Market- Segmental Analysis
Cloud Kitchen Market based on Type:
• Independent Cloud Kitchen
• Commissary/shared Kitchen
• Kitchen Pods
The independent cloud kitchen segment held the largest revenue share accounting for around 60% of the overall market. Independent cloud kitchens target consumers that prefer a single cuisine type and mostly depend on third-party channels for delivery. The increasing consumer preference for international cuisines, fast foods, and online ordering is expected to drive the growth of this segment.
The commissary or the shared kitchen segment is expected to register a CAGR exceeding 13.0% over the forecast period. The increase in popularity of the shared kitchen concept among restaurateurs and its several benefits contribute to the rise in the number of commissary kitchens. An increase in the number of food trucks and caterers that use storage space and free time slots of restaurant facilities is expected to drive the segment growth.

Cloud Kitchen Market based on Product Type
• Burger/Sandwich
• Pizza/Pasta
• Chicken
• Seafood
• Mexican Food
• Asian Food
• Others
The burger/sandwich segment held a revenue share of 23.7% in 2019 and is anticipated to register notable gains over the forecast duration ascribing to escalating demand for fast food among the younger generation.

Cloud Kitchen Market based on Nature:
• Franchised
• Stand-alone
The franchised nature segment dominated the cloud kitchen market and accounted for more than 60% of the revenue share. The growing number of franchised restaurants across the globe is behind the growth of the segment. The popularity of international cuisines and tailored foods among consumers is encouraging operators to invest in popular brands.
The standalone segment is expected to grow over the forecast period. This growth can be attributed to the minimum investment involved that ensures complete control over kitchen operations. Establishing a standalone kitchen as a brand requires time and therefore, the adoption is less in comparison to franchise stores. On establishing as a brand, the increase in rich customers demanding quality food delivery services is encouraging restaurateurs to opt for standalone kitchens.

Cloud Kitchen Market: COVID-19 analysis
Due to the COVID-19 pandemic, dine-in restaurants were closed as a preventive step to prevent the virus from spreading. Consumers began to use online food ordering and delivery services during this time. Several restaurateurs have opened cloud kitchen locations to serve customers and generate orders in response to the growing demand for online food delivery services. The COVID-19 epidemic presented the food business with a number of tough issues. Because of the lack of regular customer orders, dine-in businesses, which accounted for over two-thirds of the food industry, were badly impacted and experienced considerable financial hardship. However, because cloud kitchens operate solely on a delivery-only basis, restaurateurs were able to focus on their operations and serve clients more effectively.

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Key Questions Answered in this Report:
1. How has the global cloud kitchen market performed so far and how will it perform in the coming years?
2. What has been the impact of COVID-19 on the global cloud kitchen market?
3. What are the key regional markets?
4. What is the breakup of the market based on the type?
5. What is the breakup of the market based on the product type?
6. What is the breakup of the market based on the nature?
7. What are the various stages in the value chain of the industry?
8. What are the key driving factors and challenges in the industry?
9. What is the structure of the global cloud kitchen market and who are the key players?
10. What is the degree of competition in the industry?

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