Cloud Kitchen Market Size, Industry Share, Worldwide Trends, Growth Opportunities and Forecast By 2024-2031 | Dahmakan, DoorDash, Ghost Kitchen Orlando

The Cloud Kitchen Market is estimated for 2024 for the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Cloud kitchens, also known as ghost kitchens, are delivery-only kitchens which prepare food without any dining area or wait staff. They are built purposefully to provide delivery, takeaway, and drive-through orders directly to customers.

Market Dynamics:

The growth of the cloud kitchen market is attributed to the increasing demand for quick service and growing preference for online food delivery services. The rising number of working professionals and busy lifestyles have further propelled the demand for food delivery, which is driving the market growth. Additionally, cloud kitchens help restaurants to expand their reach and offerings at low operational costs which is another major factor fueling the market growth.

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Top Key Players are Covered in this Report:

★ Dahmakan
★ DoorDash
★ Ghost Kitchen Orlando
★ Keatz
★ Kitchen United
★ Kitopi Catering Services LLC
★ Rebel Foods
★ Starbucks Corporation
★ Swiggy
★ Zuul

Market Segmentation:

By Type:

★ Independent Cloud Kitchen
★ Commissary/Shared Kitchen
★ KitchenPods

By Product Type:

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

By Nature:

★ Franchised
★ Standalone

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Two Major Market Drivers for the Cloud Kitchen Market

The Growing Demand for Online Food Orders

The Covid-19 pandemic led to a significant rise in demand for online food delivery and takeaway services. With social distancing norms in place, people increasingly relied on food delivery apps and websites to get their meals. Even as restrictions have eased in many parts of the world, the habit of ordering food online has persisted among consumers. Restaurants and food brands have responded by setting up cloud kitchens to efficiently handle the growing volume of online food orders. Cloud kitchens allow them to focus only on delivery and takeaway without maintaining a dine-in restaurant space.

Rising Investments in Cloud Kitchen Startups

Several well-funded startups have entered the cloud kitchen space in recent years, attracting major investments from venture capital firms and industry investors. For example, kitchen rental platform Kitchen United raised $50 million in funding in 2021. Other prominent cloud kitchen companies like CloudKitchens, Rebel Foods and Kitopi have also raised sizable funding rounds. The investments reflect growing confidence among backers about the long term potential of the cloud kitchen business model. Restaurant owners are increasingly partnering with or launching their own cloud kitchen brands to benefit from these funding opportunities and professional management.

One Major Market Restrain for the Cloud Kitchen Market

Real Estate and Infrastructure Challenges

Setting up cloud kitchen facilities requires appropriate commercial real estate space in high footfall areas. However, finding suitable properties and negotiating lease agreements can be difficult and expensive for cloud kitchen operators. Infrastructure requirements like strong internet connectivity, reliable last mile logistics and adequate storage facilities also raise the entry barriers. Compared to traditional restaurants, cloud kitchens have relatively higher real estate and infrastructure costs per unit of output. These factors make market entry challenging, especially in densely populated cities, unless operators obtain sizeable funding or form strategic partnerships for real estate support. Addressing real estate and infrastructure constraints would be critical to spur faster growth of the cloud kitchen industry.

One Major Market Opportunity for the Cloud Kitchen Market

Growing Opportunities in Tier 2 and Tier 3 Cities

While major cities have seen significant adoption of online food delivery so far, the opportunity is much greater in tier 2 and tier 3 cities and towns across countries. With growing smartphone and internet penetration as well as rising disposable incomes, demand in smaller cities is accelerating. However, last mile delivery infrastructure remains under-developed compared to metros. This creates an opportunity for cloud kitchen players to set up hybrid delivery-only facilities catering to multiple local neighborhoods. Partnering with local restaurants and cloudifying their existing real estate can help operators establish presence rapidly amid lower real estate costs compared to tier 1 locations. Tapping into the major untapped demand pools in smaller towns will be a key growth driver for cloud kitchen companies going forward.

One Major Market Trend for the Cloud Kitchen Market

Increasing Adoption of Cloud Kitchen Franchise Models

Cloud kitchen players are increasingly experimenting with franchise models for faster geographic expansion as well as localized brand development. This involves signing master franchise or development agreements with independent operators who then set up delivery-only kitchens and run daily business operations. Franchising allows companies to leverage local entrepreneurship while maintaining brand and operating standards. It also helps mitigate investment risks compared to owned facilities. Trendy cloud kitchen brands are thus offering master franchise options to efficiently scale up across cities and countries. The franchise model will continue gaining traction as cloud kitchen operators target global markets through local partnerships.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Cloud Kitchen market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Cloud Kitchen market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Cloud Kitchen Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

Contact Us

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About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.