Cloud Kitchen Market Projected To Grow At a CAGR of ~12% during the forecast period 2022 – 2031

Research Nester published a report titled “Cloud Kitchen Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of theglobalcloud kitchen market in terms of market segmentation by type, nature, product type, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global cloud kitchen market is estimated to occupy a large amount of revenue by growing at a CAGR of ~12% during the forecast period, i.e., 2022 – 2031, ascribing to the rising emphasis of consumers for online food services over dining experience, and growing utilization of independent cloud kitchens by grocery stores. Along with these, surging demand for ready to eat products resulting from hectic work schedule of millennial and Gen Z, and escalating usage of social media marketing are also expected to drive the growth of the market in the upcoming years.

The market is segmented by type, nature and product type. Based on type, the independent cloud kitchen segment is anticipated to acquire the largest share during the forecast period in view of the low start-up costs, and minimal infrastructure needed for setting up independent cloud kitchen. Additionally, by nature, the franchised segment is projected to grab the largest share over the forecast period attributing to the growing trend of franchising among stakeholders as it helps in expanding the business with the requirement of less capital.

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Geographically, the global cloud kitchen market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to witness noteworthy growth in the market during the forecast period attributing to the rising buying power of consumers, and growing awareness regarding the benefits of cloud kitchens in the region. Moreover, the market in Asia Pacific is assessed to acquire the largest share over the forecast period on the back of the increasing number of online food delivery services in the region.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

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Rising Emphasis of Consumers for Online Food Services Over Dining Experience to Drive Market Growth

Over the last few years, consumers all around the world are emphasizing on online food services over dining experience due to their busy lifestyles. This in turn has raised the demand for cloud kitchen services as these do not require dine-in facilities or account for costs related to property and location, which in turn is anticipated to drive significant market growth in the near future.

However, limited food varieties provided by cloud kitchen is expected to operate as key restraint to the growth of the global cloud kitchen market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global cloud kitchen market which includes company profiling of Rebel Foods Private Limited, Kitchen United, DoorDash, Inc., Zuul Kitchens, Inc., Kitopi Catering Services LLC, City Storage Systems LLC, Ghost Kitchen Orlando, Pop Meals, Swiggy, Starbucks Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cloud kitchen market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.   

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