Jan 16, 2023

News provided by Share this article Share this article NEW YORK, Jan. 16, 2023 /PRNewswire/ -- The global cloud kitchen market size is estimated to increase by USD 24.31 billion. The market's growth momentum will progress at a CAGR of 12.09%. Discover some insights on market size before buying the full report - Request a sample report Global cloud kitchen market - Customer landscape To help companies evaluate and develop growth strategies, the report outlines – Key purchase criteria Global cloud kitchen market – Vendor analysis Vendor Landscape - The global cloud kitchen market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer cloud kitchens in the market are All Day Technologies Inc., CloudKitchens, DoorDash Inc., Dropkaffe Food and Beverages Pvt. Bhd., Food Haven Technologies Inc., Ghost Kitchen Orlando, Kitchen United, Kitopi, Kouzina Food Tech Pvt Ltd., ParTech Inc., Rebel Foods Pvt. Ltd., Salted, Starbucks Co., The Kroger Co., Toast Inc., Uber Technologies Inc., and Wingstop Inc. and others. The global cloud kitchen market is at its growing stage. This implies that the market in focus is characterized by the advantages of cloud kitchens over traditional restaurants, changing lifestyles and rise in demand for home delivery food, and the rising adoption of convenience foods. Vendor offerings - CloudKitchens: The company offers smart kitchens for delivery-only restaurants. DoorDash Inc: The company offers a commercial kitchen for the purpose of preparing food for delivery only. Ghost Kitchen Orlando: The company offers a cloud kitchen for the purpose of preparing food for delivery only. Kitchen United: The company offers kitchen centers to major restaurants in the US. Kitopi: The company offers a cloud kitchen for delivery-only restaurants, under the brand name Kitopi. For Details on the vendor and its offerings – Buy the report! Global cloud kitchen market - Segmentation assessment Segment overview Technavio has segmented the market based on type (franchised and standalone) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The market share growth of the franchised segment will be higher than the other segments during the forecast period. Cloud kitchens are commercial kitchens built to produce food for delivery. These kitchens provide a variety of food products under one roof. The increased demand for such kitchens can be due to the expansion of online food delivery, which allows restaurants to reach a larger population group without having to build offline facilities. Such factors will drive segment growth during the forecast period. Geography overview By geography, the global cloud kitchen market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global cloud kitchen market. APAC will account for 62% of the market's growth during the forecast period. The cloud kitchen market in APAC is dominated by China, India, and Japan. The market in this region will grow faster than the markets in North America and Europe. The rising urbanization will facilitate APAC's cloud kitchen market growth over the forecast period. Global cloud kitchen market– Market dynamics Leading drivers - The advantages of cloud kitchens over traditional restaurants are one of the key drivers supporting the cloud kitchen market growth. Cloud kitchens have emerged as a promising business model because of the tremendous increase in consumer demand for food delivery. The cost of opening a cloud kitchen is inexpensive when compared to traditional restaurants. The use of cloud kitchens assists restaurants in lowering their rent and labor costs. Furthermore, cloud kitchens enable established restaurants to scale their delivery operations at a minimal cost. As a result, the benefits of cloud kitchens and increased demand for online food delivery services are expected to fuel market expansion throughout the forecast period. Key trends - New packaging for delivering foods is one of the key cloud kitchen market trends contributing to the market growth. The packaging of any brand is critical in increasing consumer attention and curiosity, for instance, corrugated packaging. This packaging has succeeded in generating curiosity among both vendors and customers. The thermal properties keep food hot, as the boxes are designed to maintain heat for meal delivery. Vendors also have started using sustainable packaging and have increased their use of reusable or recyclable materials. Such innovative offerings attract consumers, which will propel the market growth. Major challenges - Increasing preferences for home-cooked food hinders the growth of the cloud kitchen market. Food prepared at home is healthy, fresh, and hygienic. Compared to meals from Quick Service Restaurants (QSRs), the chances for contamination are also low. Thus, the consumption of home-cooked food is increasing. Compared to food from cloud kitchens, home-cooked food is more affordable. Furthermore, due to increasing TV and internet cooking programs, consumers prefer to watch cooking shows and make the same dishes at home. This also leads to an increased preference for home-cooked food which will hinder the market growth during the forecast period. CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the cloud kitchen market between 2022 and 2026 Precise estimation of the size of the cloud kitchen market and its contribution to the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the cloud kitchen market across APAC, North America, Europe, South America, and Middle East and Africa A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of cloud kitchen market vendors Gain instant access to 17,000+ market research reports. Related Reports: Fast Food Market  by Service Type, Product, and Region - Forecast and Analysis 2023-2027: The fast food market is estimated to grow at a CAGR of 3.28% between 2022 and 2027. The size of the market is forecasted to increase by USD 123.43 billion. The increasing online presence of fast food vendors is notably driving the market growth, although factors such as health concerns pertaining to the excessive consumption of fast foods may impede the market growth. Global Catering Services Market  by Service, Application and Geography - Forecast and Analysis 2023-2027: The catering services market is estimated to grow at a CAGR of 5.46% between 2022 and 2027. The size of the market is forecast to increase by USD 103.28 billion. The increasing popularity of online catering is notably driving the market growth, although factors such as the growing preference for home-cooked foods may impede the market growth. Cloud Kitchen Market Scope Key companies profiled All Day Technologies Inc., CloudKitchens, DoorDash Inc., Dropkaffe Food and Beverages Pvt. Bhd., Food Haven Technologies Inc., Ghost Kitchen Orlando, Kitchen United, Kitopi, Kouzina Food Tech Pvt Ltd., ParTech Inc., Rebel Foods Pvt. Ltd., Salted, Starbucks Co., The Kroger Co., Toast Inc., Uber Technologies Inc., and Wingstop Inc. Market dynamics Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Browse for Technavio " Consumer Discretionary " Research Reports Table of Contents Exhibit 27: Data Table on Comparison by Type 5.3 Franchised - Market size and forecast 2021-2026 Exhibit 28: Chart on Franchised - Market size and forecast 2021-2026 ($ million) Exhibit 29: Data Table on Franchised - Market size and forecast 2021-2026 ($ million) Exhibit 30: Chart on Franchised - Year-over-year growth 2021-2026 (%) Exhibit 31: Data Table on Franchised - Year-over-year growth 2021-2026 (%) 5.4 Standalone - Market size and forecast 2021-2026 Exhibit 32: Chart on Standalone - Market size and forecast 2021-2026 ($ million) Exhibit 33: Data Table on Standalone - Market size and forecast 2021-2026 ($ million) Exhibit 34: Chart on Standalone - Year-over-year growth 2021-2026 (%) Exhibit 35: Data Table on Standalone - Year-over-year growth 2021-2026 (%) 5.5 Market opportunity by Type  Exhibit 36: Market opportunity by Type ($ million) 6 Customer Landscape Exhibit 41: Data Table on Geographic comparison 7.3 APAC - Market size and forecast 2021-2026 Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million) Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million) Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%) Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%) 7.4 North America - Market size and forecast 2021-2026 Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million) Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million) Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%) Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%) 7.5 Europe - Market size and forecast 2021-2026  Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million) Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million) Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%) Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%) 7.6 South America - Market size and forecast 2021-2026 Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million) Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million) Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%) Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%) 7.7 Middle East and Africa - Market size and forecast 2021-2026  Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million) Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million) Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%) Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%) 7.8 China - Market size and forecast 2021-2026 Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million) Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million) Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%) Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%) 7.9 US - Market size and forecast 2021-2026 Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million) Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million) Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%) Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%) 7.10 India - Market size and forecast 2021-2026 Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ million) Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ million) Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%) Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%) 7.11 UK - Market size and forecast 2021-2026 Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million) Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million) Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%) Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%) 7.12 Japan - Market size and forecast 2021-2026 Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million) Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million) Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%) Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%) 7.13 Market opportunity by geography  Exhibit 82: Market opportunity by geography ($ million) 8 Drivers, Challenges, and Trends 8.1 Market drivers About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact