Cloud Kitchen Market Create High Growth Opportunities For Investors By 2027, Expected To Expand At A CAGR Of 12.0% From 2021 To 2027, Report

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Cloud Kitchen Market

The global cloud kitchen market size was valued at $43.1 billion in 2019, and is estimated to reach $71.4 billion by 2027 with a CAGR of 12.0% from 2021 to 2027.

Cloud kitchens are also known as dark or shared kitchens. Cloud kitchens are delivery-only kitchens, which can be owned by a brand or third party working with various brands. Brands which are using cloud kitchens can also operate virtual restaurants or brick-and-mortar restaurant. Moreover, on the flip side brick-and-mortar restaurants are using separate cloud kitchen to provide more efficient delivery. In addition, the rise of on-demand food delivery is becoming a key trend in the food and beverages industry. Therefore, cloud kitchens represent a crucial element of this process, as large numerous operators adapt their businesses to a rising trend of online food delivery demand. As freshly prepared snacks and meals are becoming a large part of our lives owing to which more production of food will move into the cloud, which will also result in boosting the growth of the cloud kitchen market.

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The global cloud kitchen market is expected to witness significant growth owing to increase in demand for fast food among millennial and Gen Z. Moreover, introduction of new advance technology such as autonomous vehicle and drones has reduced the food delivery time, which has further augmented the growth of market. In addition, rise in trend of online advertisement of cloud kitchen products is anticipated to boost the overall revenue of the industry

The key players operating in the cloud kitchen market analysis includes Kitchen United, Rebel Foods, DoorDash Kitchen, Zuul Kitchen, Keatz, Kitopi, Ghost Kitchen Orlando, Dahmakan, Starbucks (Star Kitchen) and Cloud Kitchen.

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Key Findings Of The Study

  • By type, the independent cloud kitchen segment dominated the global market in 2019, and is expected to retain its dominance throughout the forecast period.
  • By product type, the burger/sandwich segment accounted for highest share in the cloud kitchen market growth in 2019, and is projected to grow at a CAGR of 10.0% from 2021 to 2027.
  • By nature, the franchised segment led the global cloud kitchen market demand in 2019, and is expected to retain its dominance throughout the forecast period.
  • By region, North America accounted for highest cloud kitchen market share in 2019, and is expected to grow at a CAGR of10.5%.

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