Press release
Cloud Kitchen Market Growth Rate (CAGR) of 11.3%, During 2023-2028 | IMARC Group
Cloud Kitchen Market
How Big is the Cloud Kitchen market?
The global cloud kitchen market size reached US$ 63.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 125.5 Billion by 2028 exhibiting a growth rate (CAGR) of 11.3% during 2023-2028.
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What is Cloud Kitchen?
A cloud kitchen, also known as a virtual kitchen or a ghost kitchen, is a new business model in the food industry that has emerged with the increasing demand for food delivery services. Unlike traditional restaurants, cloud kitchens operate solely for delivery, with no physical dining space. They are designed to produce delivery-optimized menu items in a centralized licensed food preparation facility. Cloud kitchens offer many benefits, such as reduced overhead costs, flexible menu options, optimized delivery experience, and access to valuable customer data. With the rise of food delivery services, cloud kitchens are becoming a popular option for restaurant owners and entrepreneurs looking to enter the food industry with a lower start-up cost and higher potential for growth.
What are the growth prospects and trends in the Cloud Kitchen Industry?
The cloud kitchen market is rapidly expanding, driven by a shift in consumer preferences towards online food services, particularly due to the COVID-19 pandemic and the resulting lockdowns. Food businesses are looking to adopt cloud kitchens to stay afloat during these difficult times and to streamline their operations.
To capitalize on this trend, market players are offering comprehensive solutions that incorporate various technologies, such as KDS, POS, and inventory management.
The market is also being propelled by strategic collaborations and partnerships amongst key players, which are aimed at enhancing cloud kitchen services and increasing market share. With these factors in place, the cloud kitchen market is expected to experience sustained growth in the foreseeable future.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
Independent Cloud Kitchen
Commissary/Shared Kitchen
Kitchen Pods
Breakup by Product Type:
Burger and Sandwich
Pizza and Pasta
Chicken
Seafood
Mexican and Asian Food
Others
Breakup by Nature:
Franchised
Standalone
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
CloudKitchens, DoorDash Inc., Kitchen United, Kitopi Catering Services LLC, Lightspeed Commerce Inc., PAR Technology Corporation, POSist Technologies Private Limited, Rebel Foods, Starbucks Coffee Company, Swiggy Platform and Toast Inc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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