DUBLIN--(BUSINESS WIRE)--The "Cloud Kitchen Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global cloud kitchen market size reached US$ 63.9 Billion in 2022. Looking forward, the analyst expects the market to reach a value of US$ 125.5 Billion by 2028 exhibiting a CAGR of 11.91% during 2022-2028.
Companies Mentioned
- 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
A cloud kitchen is a centralized virtual commercial space used to prepare delivery-optimized menu items or food consumed off the premises. It allows food businesses to optimize and expand delivery or takeout services at a minimal cost compared to conventional brick-and-mortar locations, which require physical dine-area and huge capital investment.
Besides this, it also helps them focus on marketing, minimizing administrative hassle and logistics, and reaching a larger audience. As a result, it is gaining traction as an ideal business solution across the globe to meet the emerging food delivery demand of local restaurants and fast-food chains.
Due to the coronavirus disease (COVID-19) crisis, governing agencies of numerous countries have restricted dine-in services in restaurants and other commercial food establishments. Consequently, food businesses, including delivery-optimized restaurants, meal prep companies, caterers, and packaged food producers, worldwide are shifting to cloud kitchens to maintain business continuity and deliver food without added overhead or hassle.
Moreover, the growing popularity of online food delivery services on account of hectic working schedules and the escalating demand for convenient and quick meal options at affordable prices is stimulating the market growth. This can also be attributed to the increasing utilization of smartphones, easy access to high-speed internet and a vast catalogue.
In addition, high startup costs and burdensome regulations associated with conventional food business models are augmenting the adoption of cloud kitchens to reduce extensive resources and optimize the delivery experience. Furthermore, market players are providing a comprehensive platform with seamless integration of point of sale (POS), kitchen display (KDS), and inventory management technologies, which is anticipated to strengthen the market growth.
Key Market Segmentation:
The analyst provides an analysis of the key trends in each sub-segment of the global cloud kitchen market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product type and nature.
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
Key Questions Answered in This Report
1. What was the size of the global cloud kitchen market in 2022?
2. What is the expected growth rate of the global cloud kitchen market during 2023-2028?
3. What are the key factors driving the global cloud kitchen market?
4. What has been the impact of COVID-19 on the global cloud kitchen market?
5. What is the breakup of the global cloud kitchen market based on the type?
6. What is the breakup of the global cloud kitchen market based on the product type?
7. What is the breakup of the global cloud kitchen market based on the nature?
8. What are the key regions in the global cloud kitchen market?
9. Who are the key players/companies in the global cloud kitchen market?
For more information about this report visit https://www.researchandmarkets.com/r/qcp1l3
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