Cloud Kitchen Market 2023 – 2030 By Product Type (Burger/Sandwich, Pizza, Pasta, Chicken, Seafood, Mexican/Asian Food, Others), by Nature (Franchised, Standalone)Type (Independent Cloud Kitchen, Commissary/Shared Kitchen, KitchenPods) -Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
Industry : FMCG | Pages : 149 Pages | Published On : Jun 2023
The global cloud kitchen market reached a valuation of $29.4 billion in 2023 and is projected to grow to $112.7 billion by 2030, with a compound annual growth rate (CAGR) of 13.12% from 2023 to 2030.
The increasing number of young populations worldwide, coupled with evolving consumer taste preferences, has led to a surge in demand for online food delivery. Additionally, the busy lifestyles of individuals and rising disposable incomes are significant factors driving the growth of the cloud kitchen market. The widespread use of smartphones, higher literacy rates, and easy internet accessibility have made food ordering more convenient. Restaurants are now collaborating with online food delivery platforms like Zomato to expand their reach and boost sales. Moreover, these platforms offer attractive discounts and promotions, which attract consumers and contribute to the growth of the cloud kitchen market. Effective offers and excellent customer service play a crucial role in expanding the customer base.
Globalization has brought people closer, with the internet, television shows, magazines, and newspapers exposing individuals to different cultures. This exposure creates curiosity among people to taste various cuisines from around the world. Cuisines such as Thai and Chinese have gained immense popularity globally. The foodservice industry has experienced significant demand in recent years and is expected to witness further growth due to a high percentage of young, working populations with increased disposable incomes. Fast food manufacturers are actively promoting health-oriented food products to customers in North America, Europe, Asia-Pacific, and the Middle East. Asia-Pacific, in particular, has witnessed a substantial increase in the demand for international cuisines like pizza and burgers. These factors drive the growth of the cloud kitchen market.
However, while fast food products are known for their taste, unique offerings, and easy availability, regular consumption of these items can have negative effects on consumers' health. Most fast food items, including beverages and side dishes, are high in carbohydrates and low in fiber. Consuming a high amount of carbs can lead to frequent spikes in blood sugar levels, increasing the risk of insulin resistance, type 2 diabetes, and weight gain. These factors may pose challenges to the growth of the cloud kitchen market.
The cloud kitchen market is segmented based on type, product type, nature, and region. The types of cloud kitchens include kitchen, commissary/shared kitchen, and kitchenpods. Product types encompass burger/sandwich, pizza/pasta, chicken, seafood, Mexican/Asian food, and others. The nature of cloud kitchens is categorized as franchised and standalone. Geographically, the market is analyzed across North America (including the U.S., Canada, and Mexico), Europe (including the UK, Germany, France, Italy, Spain, and the rest of Europe), Asia-Pacific (including China, Japan, India, Australia, New Zealand, ASEAN, and the rest of Asia-Pacific), and LAMEA (including Latin America, the Middle East, and Africa).
The global cloud kitchen market is categorized into three types: independent cloud kitchen, commissary/shared, and kitchenpods. The independent cloud kitchen segment held a significant market share in 2023, driven by the growing demand for international cuisines like Thai and Chinese food worldwide. The increasing popularity of online food delivery services further contributes to the growth of the cloud kitchen market.
In terms of product type, the cloud kitchen market is segmented into burger/sandwich, pizza, pasta, chicken, seafood, Mexican/Asian food, and others. The burger/sandwich segment dominates the market, accounting for approximately 25% of the total revenue in 2023, followed by the chicken segment. This is attributed to the rising demand for fast food products among millennial and Gen Z consumers globally.
The cloud kitchen market is also segmented based on its nature, distinguishing between franchised and standalone operations. The franchised segment holds a significant share in the market and is projected to maintain its dominance during the forecast period. The trend of franchising is on the rise among stakeholders as it facilitates business expansion with lower capital requirements, making franchising an attractive option for cloud kitchen operators.
Regionally, the market is divided into North America (including the U.S., Canada, and Mexico), Europe (including the UK, Germany, France, Italy, Spain, and the rest of Europe), Asia-Pacific (including China, Japan, India, Australia, New Zealand, ASEAN, and the rest of Asia-Pacific), and LAMEA (including Latin America, the Middle East, and Africa).
Key players 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.
The cloud kitchen market is segmented into Nature, Type and Product Type.
Key Benefits For Stakeholders
• This report presents a comprehensive analysis of the cloud kitchen market from 2023 to 2030, focusing on market segments, current trends, estimations, and dynamics. It aims to identify the prevailing opportunities in the cloud kitchen market. The research provides valuable information on key drivers, restraints, and opportunities in the market.
• The report includes a thorough analysis of the market using Porter's five forces analysis, which assesses the power of buyers and suppliers. This analysis enables stakeholders to make informed business decisions and strengthen their supplier-buyer network.
• A detailed segmentation analysis of the cloud kitchen market helps in identifying the existing market opportunities. The revenue contribution of major countries in each region is mapped, providing insights into their significance in the global market.
• The positioning of market players is examined, allowing for benchmarking and a clear understanding of their current market position. This information helps stakeholders gain insights into competitive dynamics and market strategies.
The report covers regional and global cloud kitchen market trends, key players, market segments, application areas, and growth strategies. It offers a comprehensive overview of the cloud kitchen market landscape for informed decision-making.
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