PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1121531
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1121531
According to SPER Market Research, the Global Cloud Kitchen Market is estimated to reach USD 170.24 billion by 2030 with a CAGR of 12.6%.
Cloud kitchens are also known as virtual or ghost kitchens and are much more affordable to run compared to conventional kitchens in dine-in restaurants. They do not require dine-in facilities or account for costs related to property and location. Cloud kitchens also have comparatively higher profit margins than dine-in restaurants. They can be operated from any location, ranging from parking spaces and warehouses to basements which is a key factor adding to the popularity of cloud kitchens. In upcoming years due to the large range of benefits, along with the rising real-estate costs and competition among dine-in restaurants, entrepreneurs and restaurateurs are expected to increasingly adopt ghost kitchens.
The cloud kitchen is a commercial kitchen that helps in providing space for food businesses including the services and facilities that are needed to prepare the menu for takeout and delivery. Cloud kitchen is specifically used for food deliveries only. The various food types are burgers and sandwiches, pizza and pasta, chicken, seafood, Mexican and Asian food, other types. The different natures of cloud kitchens are franchised, and standalone.
The demand for cloud kitchens around the world has increased due to the pandemic as food delivery was allowed even throughout complete lockdowns. The food industry has witnessed numerous challenges due to the pandemic. The dine-in restaurants that make up the two-thirds of the food industry were negatively affected and faced huge financial losses due to the imposed restrictions like lockdown. But the cloud kitchens are operated wholly on delivery-only mode, restaurant owners can easily carry on their businesses and better serve the customers. The consumer preference has also changed from dine-in to food delivery, which is bolstering the growth of the Global Cloud Kitchen Market.
Based on the Type, the Global Cloud Kitchen Market is segmented as; Independent Cloud Kitchen, Commissary or Shared Kitchen, Kitchen Pods.
Based on the Food Type, the Global Cloud Kitchen Market is segmented as; Burger and Sandwich, Pizza and Pasta, Chicken, Seafood, Mexican and Asian Food, Others.
Based on the Nature Type, the Global Cloud Kitchen Market is segmented as; Franchised and Standalone.
The Asia Pacific emerged as the leading region in the Global Cloud Kitchen Market with the maximum market share in 2021.