PUBLISHER: Allied Market Research | PRODUCT CODE: 1108519
PUBLISHER: Allied Market Research | PRODUCT CODE: 1108519
The global kitchen market size was valued at $29,418.5 million in 2020, and is estimated to reach $112,741.7 million by 2030 with a CAGR of 13.12% from 2021 to 2030.
Cloud kitchens are delivery-only kitchens that can be owned by a brand or third party working with various brands. Brands that are using cloud kitchens can also operate virtual restaurants or brick-and-mortar restaurants. Moreover, brick-and-mortar restaurants use separate cloud kitchens to provide more efficient delivery. Furthermore, rise in utilization of independent cloud kitchens by grocery stores, restaurant brands, and multi-branded restaurants have led to growth of the cloud kitchen market. In addition, Kroger partnered with food delivery service ClusterTruck to launch multiple independent cloud kitchen that serves up meal delivery from central kitchens. Moreover, hectic work schedule of millennial and Gen Z along with increase in demand for international cuisines such as Korean tacos, butter chicken, dosa, and ramen burgers boosts growth of the cloud kitchen market.
There has been an increase in number of users on various social media sites with rise in internet penetration. Considering this, most key players in the cloud kitchen market strategize on promoting their products and services on these social media platforms. Social media marketing is one of the major strategies adopted by various companies and industries to promote their product offerings. Thus, rise in use of social media marketing is anticipated to provide lucrative opportunities for growth of the cloud kitchen market.
However, increase in number of fine dining and quick service restaurants such as Subway, McDonalds, Starbucks, KFC, Pizza Hut, Restaurant Brands International, and Dunkin Donuts hamper growth of the cloud kitchen market. In addition, quick service restaurants have a global presence along with high amount of liquidity, owing to which smaller cloud kitchens are unable to compete with these giants. Moreover, these quick service restaurants have large product offerings, world class infrastructure along with best food delivery services, which attracts consumers. Hence, it affects growth of the cloud kitchen market.
The cloud kitchen market is segmented into type, product type, nature, and region. By type, the market is categorized into kitchen, commissary/shared kitchen, and kitchenpods. By product type, it is categorized into burger/sandwich, pizza/pasta, chicken, seafood, Mexican/Asian food, and others. By nature, it is bifurcated into franchised and standalone. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand & New Zealand, ASEAN, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa) The key players operating in the cloud kitchen industry include Dahmakan, DoorDash, Ghost Kitchen Orlando, Keatz, Kitchen United, Kitopi Catering Services LLC, Rebel Foods, Starbucks Corporation, Swiggy, and Zomato.
Key Benefits For Stakeholders
By Nature
By Type
By Product Type
By Region