In 2023, the size of the Global Cloud Kitchen Market was evaluated at around USD 45 billion. Moreover, it is anticipated to grow at a CAGR of around 12.42% during the predicted period, i.e., 2024-30. The expansion of the market will be propelled by increasing disposable incomes, mainly among the young generation, integrated with changing lifestyles, and a growing customer inclination towards fast food & snacks.
Moreover, the Global Cloud Kitchen Market is expanding due to the changing preferences of customers. Cloud kitchens offer a personalized solution that meets the evolving requirements of customers who are searching for food options that are not only convenient, but varied, and flexible as well. Furthermore, the cloud kitchen market is being influenced by the increasing usage of online food delivery platforms, as they enable customers to access unique culinary options and restaurants on their smartphones.
Augmented Reality & Virtual Reality Technologies Securing Traction
By improving the experience of users, and growing engagement, the amalgamation of augmented reality and virtual reality technologies is modifying the Global Cloud Kitchen Market. Even in the absence of physical dining locations, cloud kitchen operators are offering customers realistic and engaging meal experiences with the help of AR & VR.
Hence, these technologies are redefining the landscape of the cloud kitchen market, and are anticipated to pave the path of expansion and growth of the cloud kitchen industry in the coming years.
Franchised Segment Occupies a Notable Share of the Global Cloud Kitchen Market
On the basis of nature, the Global Cloud Kitchen Market is categorized into two categories – Franchised & Standalone. Among these, the Franchised segment dominates the entire industry. Large restaurant chains with high brand equity & offerings like personalized dishes international cuisines, along with excellent service quality, are becoming increasingly popular worldwide. As a result, stakeholders are opting for franchised cloud kitchens.
Furthermore, the ever-growing popularity of franchised kitchens is remarkably contributing in the expansion as well as the growth of the cloud kitchen industry globally.
Dominant Players of the Global Cloud Kitchen Market
According to the recent report of MarkNtel Advisor on Global Cloud Kitchen Market, the key players of the industry include- Avane Cloud Kitchens, GrabKitchen, KitchenConnect, Swiggy, GoFood Kitchen, GrabFood, Foodpanda, Zomato, Starbucks (Starbucks Kitchen), Dahmakan, Kitopi, Keatz, Zuul Kitchen, Doordash Kitchen, Rebel Food, and others.
Newest Development of the Global Cloud Kitchen Industry
In 2023, Rebel Foods, launched its two cloud kitchens in Riyadh, to diversify its interests into the Saudi Arabian Market. The company aims to establish 60 online restaurants within the city over the next year, as per their outlined plan.
The Asia-Pacific Region is Projected to be the Fastest-Growing Cloud Kitchen Market
Geographically, the Global Cloud Kitchen Market extends across the following regions –
North America
South America
Europe
Asia-Pacific
The Middle East and Africa
Out of all these regions, the Asia Pacific region is expected to become the fastest-growing cloud kitchen market between 2024 to 2030. The region is expected to occupy a prominent share of the Global Cloud Kitchen Market amid increasing penetration of smartphones, and the growth of the workforce during 2024-30.
The young population, mainly in China, India, and Japan, is the most significant end-users of online food delivery services, and consequently contributes to the expansion of the cloud kitchen market in the Asia-Pacific region. Moreover, the easy availability of budget-friendly labor, and sufficient financing by investors due to favorable norms will also bode well for the cloud kitchen market in the Asia-Pacific region in the forthcoming years.
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