Press release
Cloud Kitchen Market size was valued at USD 29,418.5 million in 2020 and is estimated to reach USD 112,741.7 million by 2030 with a CAGR of 13.12% - Valuates Reports
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loud Kitchen Market Segment Outlook
During the forecast period, the independent cloud kitchen segment is expected to have the largest market share. This is due to an increase in global demand for exotic cuisines like Thai and Chinese.
On the basis of product type, the cloud kitchen is segmented into burger/sandwich, pizza, pasta, chicken, seafood, Mexican/Asian food, and others. The burger/sandwich segment held the largest cloud kitchen market share, accounting for around 25% of the total revenue in 2020, followed by the chicken segment. This is attributed to increase in demand for fast food products by millennial and Gen Z consumers across the globe.
On the basis of nature, the cloud kitchen market size is segmented into franchised and standalone. The franchised segment held major share in the market, and is projected to remain dominant during the cloud kitchen market forecast period. Moreover, the trend of franchising is increasing among stakeholders as it helps in expansion of businesses and it requires less capital, owing to which stakeholders are more interested in giving franchises of their cloud kitchens.
North America is leading the global cloud kitchen market in 2020 owing to the well established market and increasing dependency of consumers on cloud kitchen. However, Asia-Pacific is expected to grow rapidly during the forecast period.
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
Get Detailed Report - https://reports.valuates.com/market-reports/ALLI-Manu-0O30/cloud-kitchen-industry
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