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The latest report by IMARC, titled “ Cloud Kitchen Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2 028
” finds that the global cloud kitchen market size reached a value of US$ 63.9 Billion in 2022.
A cloud kitchen is a food delivery service that operates from a centralized virtual space or any location, such as parking spaces, warehouses, or basements. They can be owned by a brand or a third party working with different brands. Cloud kitchens are more affordable to run than conventional kitchens in dine-in restaurants, as they do not require dine-in facilities or costs related to property and location. They also have a high-profit margin, minimize administrative hassles, and help focus on marketing and logistics to reach a larger audience base. In recent years, cloud kitchen has gained popularity in the food and beverage industry as large operators are adapting their businesses to a rising trend of online food delivery demand.
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The market is primarily driven by the increasing consumer preference for online food services over dining experiences. Besides this, the rising demand for food products that can be prepared and served within a minimal range of time due to the hectic work schedules of millennials and Gen Z is also significantly impacting the market growth. In addition, the recent outbreak of the coronavirus disease (COVID-19) pandemic has resulted in the shift toward online food ordering and delivery services as governments have implemented preventive measures to stop the spread of the virus.
As a result, cloud kitchens are gaining popularity to maintain business continuity and deliver food without the hassle. Moreover, the growing use of smartphones, and the easy access to high-speed internet and vast catalog, have also escalated the demand for cloud kitchens. Furthermore, key players are offering an enhanced experience to the consumers by providing seamless integration of point of sale (POS), kitchen display (KDS), and inventory management technologies, which are facilitating the market growth. Looking forward, the market value is expected to reach US$ 125.5 Billion by 2028, exhibiting a CAGR of 11.3% during the forecast period (2023-2028).
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
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
• Middle East and Africa
Competitive Landscape with Key Players:
• 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
• Toast Inc.
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