by The global Cloud Kitchen Market is estimated to be valued at US$ 44.28 Bn in 2023 and is expected to exhibit a US$ 44.28 Bnover the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Cloud kitchens, also known as ghost, dark, or shared kitchens, are delivery or takeaway-only kitchens that prepare food which is ordered online/through mobile apps for delivery but have no physical presence or storefront. They offer advantages such as low overhead costs, centralized locations close to high delivery density areas, and efficient ways to scale operations compared to traditional brick-and-mortar restaurants.
Market key trends:
Mobile ordering has become one of the fastest growing segments in the cloud kitchen market. About 70% of the total food delivery orders in 2023 are estimated to be placed through mobile apps and websites. This trend is expected to continue as businesses leverage online and mobile platforms to reach more customers and streamline operations. Moreover, consumers’ shifting preference towards online food ordering driven by convenience and options has boosted the popularity of mobile ordering.
Segment Analysis
The cloud kitchen market is segmented into service type, product type, and end user. By service type, the infrastructure segment dominates as it helps cloud kitchen operators focus on core food business rather than investing in equipment and real estate. By product type, the independent cloud kitchen segment dominates as it provides flexibility and low operational costs compared to the shared and franchise segments. By end user, individuals segment dominates as they find it more convenient to order food via online delivery platforms than dining out.
Key Takeaways
The global Cloud Kitchen Market Growth is expected to witness high growth, exhibiting a CAGR of 12.% over the forecast period, due to increasing adoption of online food delivery services.
Regional analysis
Asia Pacific dominates the cloud kitchen market currently and is expected to continue its domination during the forecast period. This is attributed to high mobile and internet penetration in countries like India and China and rising number of startups offering online food delivery services.
Key players
Key players operating in the cloud kitchen market are Dahmakan, DoorDash, Ghost Kitchen Orlando, Keatz, Kitchen United, Kitopi Catering Services LLC, Rebel Foods, Starbucks Corporation, Swiggy, and Zuul. The market is highly competitive with players focusing on expanding kitchen facilities, improving technology, and partnerships with online delivery platforms to gain more customers.
The global cloud kitchen market size is expected to reach US$ 44.28 Bn by 2023. It is projected to grow at a CAGR of 12.% during the forecast period of 2023 to 2030.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
