NEW YORK, United States, June 25, 2024 (GLOBE NEWSWIRE) — The global cloud kitchen market size is expected to reach USD 185.49 billion by 2033 from USD 65.49 billion in 2023, growing at a compound annual growth rate (CAGR) of 10.97% during the forecast period.
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Cloud kitchen, virtual kitchen or ghost kitchen is a gastronomic concept that eschews the traditional dine-in experience and focuses solely on training and delivering food. In contrast to brick-and-mortar cafes, cloud kitchens do not have physical areas like storefronts or dining areas for customers. Instead, they leverage digital technology and online platforms to take orders and cater for delivery or takeaway. Cloud kitchens primarily operate on digital channels, leveraging online platforms, mobile applications and third-party delivery services to connect with customers. Rising demand for food due to the growing global population, accumulated disposable income, increasing demand for convenience and widespread use of digital technology are the key factors determining the global cloud kitchen market. The growing preference for online food delivery over dine-in experience is a key factor that has boosted the demand for cloud kitchen services. The rapid development and saturation of several online food delivery apps such as Zomato, Swiggy, EatSure, Grubhub, etc. has exponentially accelerated the development of the global cloud kitchen market. However, cloud kitchens frequently rely heavily on third-party delivery facilities and are subject to the policies, fees, and commission structures of these platforms. High commission rates taken by delivery providers can impact cloud kitchens' productivity and limit their control over the end-to-end buyer experience. Growing praise for cloud kitchens has led to increased competition and market saturation in certain regions.
Browse 198 pages of key industry insights and access 110 market data tables, charts & graphs from the report. ” Global cloud kitchen market Size, share, COVID-19 impact analysis, by type (Independent Cloud Kitchen, Commissary/Shared Kitchen, Kitchen Pod), by nature (Franchise, Independent), by product (Burger/Sandwich, Pizza/Pasta, Chicken, Seafood, Mexican/Asian, Others), by region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), analysis and forecast for 2023-2033.
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The independent segment is expected to account for the largest share of the global cloud kitchen market during the forecast period.
Based on type, the global cloud kitchen market is bifurcated into standalone cloud kitchens, commissary/shared kitchens, and kitchen pods. Of these, the standalone segment is expected to account for the largest share of the global cloud kitchen market during the forecast period. This is attributed to the rapid rise in the number of independent brands across the world assisting customers through a single location. Connected convenience has led to an increase in customer preference for ordering food from online food delivery apps, fuelling the development of this segment.
The franchise segment is expected to account for the largest share of the global cloud kitchen market during the forecast period.
The global cloud kitchen market is bifurcated into franchise and standalone based on its nature. Out of this, the franchise segment is expected to account for the largest share of the global cloud kitchen market during the forecast period. This is due to the rapid development of online food delivery apps, which has provided immense development opportunities for cloud kitchen brands that have boosted the growth of the franchise segment. Saturation of popular franchises, mainly in developing regions, has driven the growth of this segment.
The burger/sandwich segment is projected to hold the largest share of the cloud kitchen market during the estimated period.
Based on product, the global cloud kitchen market is bifurcated into burgers/sandwiches, pizza/pasta, chicken, seafood, Mexican/Asian cuisine, and others. Of these, the burgers/sandwiches segment is projected to hold the largest share of the cloud kitchen market during the estimated period. This is because these quintessential home-cooked dishes cater to a wide range of tastes and food preferences, hence are widely chosen by customers across demographics and cultures. Moreover, burgers and sandwiches are suitable for delivery as they remain fit and maintain their quality during transportation, providing a lasting dining experience to customers ordering from cloud kitchens.
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North America is expected to account for the largest share of the global cloud kitchen market during the forecast period..
North America is expected to hold the largest share of the global cloud kitchen market during the forecast period. This is due to the rapid growth in population and improving lifestyles being the major factors driving the development of the cloud kitchen market. Rising purchasing power in the region primarily determines the sales of cloud kitchen products in the region. Moreover, customers are opting for different types of fast food, thus creating a strong demand for cloud kitchen products. As a result, the cloud kitchen market has dynamic potential and is projected to progress significantly in the region during the forecast period. Rising purchasing power, improved access to digital technologies, increasing internet penetration, and increasing adoption of smart devices are some of the key factors that drove the growth of the cloud kitchen market in North America.
Asia Pacific is projected to grow at the fastest pace in the global cloud kitchen market during the forecast period. This can be attributed to the fact that Asia Pacific is home to more than half of the world's population, offering a huge customer base. Rapid urbanization, rising disposable income, busy lifestyles, increasing internet saturation, and rising smartphone adoption are some of the key macroeconomic factors determining the development of the Asia Pacific cloud kitchen market. Moreover, a high proportion of young residents and rising food demand due to the growing population optimize market growth. Countries such as China and India present promising growth opportunities for market players owing to the robust economic growth in the region.
Competitive Analysis:
The report provides a proper analysis of the key organizations/companies involved in the global market and a comparative assessment based mainly on product offerings, business overview, geographical presence, corporate strategies, segment market share, and SWOT analysis. The report also provides a detailed analysis focusing on the current news and developments of the companies, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, and strategic alliances. This allows for an assessment of the overall competition within the market. Key vendors in the global cloud kitchen market include CloudKitchens, Dahmakan, DoorDash Kitchen, Ghost Kitchen Orlando, Kitchen United, Keatz, Kitopi, Kitchens@, Lightspeed Commerce Inc., Nextbite Brands LLC, PAR Technology Corporation, POSist Technologies Private Limited, Rebel Foods, and REEF Technology Inc.
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Recent developments
- July 2023, Rebel Foods has made a name for itself by entering the Saudi Arabian market with the opening of two cloud kitchens in Riyadh, and the company also plans to set up 60 online restaurants in the city over the next year.
Market Segments
The study forecasts revenue at global, regional and country levels from 2020 to 2033. Spherical Insights segments the global cloud kitchen market on the basis of the following segments:
Global Cloud Kitchen Market, by Type
- Separate cloud kitchen
- Shop/Shared kitchen
- Kitchen Pod
Global cloud kitchen market, by type
Global cloud kitchen market, by product
- Burgers/Sandwiches
- Pizza/Pasta
- chicken
- seafood
- Mexican/Asian
- others
Global cloud kitchen market, by region
- North America
- Europe
- Germany
- England
- France
- Italy
- Spain
- Russia
- Other Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- south america
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- United Arab Emirates
- Saudi Arabia
- Qatar
- South Africa
- Other Middle East and Africa
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