Press release
Cloud Kitchen Market Size to Worth Around US$ 170.66 billion by 2031 | Dahmakan, DoorDash, Ghost Kitchen Orlando
Cloud Kitchen Market
The global cloud kitchen market size was valued at US$ 39.54 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 12.4% from 2023 to 2030.
Market Dynamics:
The cloud kitchen market is expected to witness significant growth over the forecast period, driven by rising investments in online food delivery services as well as growing preference for online food ordering among consumers. According to the report, major online food delivery platforms are investing heavily towards expanding their delivery-only ghost kitchens to cater to the growing demand. For instance, DoorDash launched DoorDash Kitchens in 2021 to help restaurant partners expand their delivery-only business. Similarly, Uber has invested in virtual restaurants and commissary kitchens through its subsidiary brand Uber Eats. The growing availability of a wide variety of menus for delivery through cloud kitchens is making online food ordering increasingly convenient. This in turn is augmenting the demand in the market.
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Cloud Kitchen Market Drivers:
Increased Adoption of Online Food Delivery Services
The online food delivery market has witnessed tremendous growth over the last few years. Changing lifestyles, lack of time for cooking at home and on-demand services have fueled the demand for online food delivery. Major food delivery platforms like Swiggy and Zomato currently dominate the Indian market. Their widespread popularity and easy access from smartphones have driven immense growth in online food orders. This boom in online food delivery presents a huge opportunity for cloud kitchens to cater to the rising demand.
Cloud Kitchen Market Opportunity:
Rise of Ghost Kitchen Concepts
With real estate and operational costs being lower than dine-in restaurants, cloud kitchens have an inherent cost advantage. Some new restaurant concepts are now focused only on delivery and takeaway orders through cloud kitchens instead of opening physical restaurant spaces. Known as 'ghost kitchens', these delivery-only facilities or 'virtual restaurants' allow brands to serve multiple cuisines from the same kitchen. Ghost kitchens provide an opportunity for new food brands and restaurateurs to test different concepts and cuisines without high initial investments. Their nimble setup also allows for quick scaling up or downsizing based on demand. The rising popularity of ghost kitchen models presents a major opportunity for growth and expansion in the cloud kitchen market.
Cloud Kitchen Market Trend:
Growing Investments and Consolidation
Seeing the opportunities in this sector, many venture capital firms and big restaurant chains have been investing heavily in cloud kitchen startups. In 2021, India witnessed over $250 million venture capital funding for the cloud kitchen segment alone. Large CPG companies like Nestle have also partnered cloud kitchen startups to deliver their ready-to-eat snacks and meals. Meanwhile acquisitions and mergers are leading to consolidation within the sector. For example, Tata Group acquired majority stake in Cloud Kitchen company Curefit, while restaurant chain Barbeque Nation picked up a stake in Tunday. This influx of investments is helping cloud kitchen players expand their reach, upgrade services, and offer better convenience to customers. Consolidation is leading to greater economies of scale and efficiencies. Together these trends point towards the growing maturity and scalability of the cloud kitchen industry.
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Top Companies Included in This Report:
★ Dahmakan
★ DoorDash
★ Ghost Kitchen Orlando
★ Keatz
★ Kitchen United
★ Kitopi Catering Services LLC
★ Rebel Foods
★ Starbucks Corporation
★ Swiggy
★ Zuul
Market Segmentation:
Based on Product Type:
★ 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 Regions/Countries 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)
Reasons to Purchase This Report:
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📈 Market Outlook: Get current and future market outlooks, including recent developments, growth opportunities, drivers, challenges, and regional constraints
FAQ:
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Does this report estimate the current market size?
Does the report provide market size in terms of Value (US$ Mn) and Volume (thousand ton/metric ton/cubic meter)?
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Author Bio:
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)
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