Press Release Description

Rise in Online Food Delivery Orders Worldwide to Boost the Cloud Kitchen Market

A recent research study by MarkNtel Advisors has revealed that the Global Cloud Kitchen Market is set to record around 12.42% CAGR during 2023-28. Lifestyle changes, rising consumer inclination toward fast food & snacks, and the ever-increasing online food delivery orders are instigating restaurateurs to adopt delivery-only models, i.e., prime aspect projected to drive the cloud kitchen market through 2028. Due to the corporate culture & long working hours, consumers are losing interest in home-cooked meals, which is why online food orders are rapidly increasing worldwide.

More and more companies are becoming aware of the benefits of cloud kitchens over conventional models, which include better profit margins and enhanced flexibility. Prominent food & beverage brands are carrying out strategic alliances to improve ghost kitchen services. Furthermore, the growing utilization of technologically advanced tools by restaurateurs in order to derive consumer insights, analyze & update their menu as per popular choices and incorporate higher margin items are also likely to create remunerative prospects for the Global Cloud Kitchen Market in the coming years.

Independent Kitchens hold the Largest Share of the Cloud Kitchen Industry

Independent kitchens or wholly-owned kitchens of a single brand don't possess a dining space, rely greatly on third-party delivery channels, and mainly cater to customers who desire a specific type of cuisine. Their rapidly growing demand owes to the fact that they help reduce the operational load on existing branches of restaurants that deliver food to walk-in customers.

Several food companies worldwide have started entering the market to cater to the rising online food delivery orders. Growing consumer preferences for international cuisines & fast food and the increasing number of standalone food brands operating from a single location are further projected to amplify the adoption of independent kitchens and, in turn, fuel the overall growth of the cloud kitchen industry over the forecast years.

Asia-Pacific to Become the Fastest Growing Cloud Kitchen Industry through 2028

Improving disposable income of people, the increasing penetration of the internet & smartphones, the hectic lifestyles of the working population, and the rapidly rising online food delivery orders are the main aspects projected to drive the Asia-Pacific Cloud Kitchen Market in the forecast years. The shutdown of all dine-in restaurants with the advent of the Covid-19 pandemic instigated the establishment of numerous shared kitchens across the region.

The young population, especially in India, China, & Japan, is the most prominent end-user of online food delivery services and thus significantly contributes to the rapidly expanding cloud kitchen market in Asia-Pacific. The booming economies of countries like India, China, & Japan, the ever-growing consumer interest in international cuisines, and the easy availability of cheap labor and generous financing by investors due to favorable policies are other prominent aspects projected to stimulate the Asia-Pacific Cloud Kitchen Market growth in the coming years.

Competitive Landscape

The key companies operating in the Global Cloud Kitchen Market include Avane Cloud Kitchens, Dahmakan, Doordash Kitchen, Foodpanda, GoFood Kitchen, GrabFood, GrabKitchen, KitchenConnect, Kitchen United, Keatz, Kitopi, Rebel Food, Starbucks (Starbucks Kitchen), Swiggy, Zomato, and Zuul Kitchen.

Key Questions Answered in the Research Report

  1. What are the current & future trends in the Global Cloud Kitchen Market?
  2. How has the industry been evolving in terms of geography & product adoption?
  3. How has the competition been shaping across various regions, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Global Cloud Kitchen Market?
  5. What are the customer orientation, purchase behavior, & expectations from the leading players in the Global Cloud Kitchen Market?

Market Segmentation:

  1. By Type (Independent Kitchen, Commissary/Multi-brand Kitchen, Kitchen Pods, Outsourced Kitchen)
  2. By Function (Franchised, Standalone)
  3. By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific)
  4. By Country (The US, Canada, Mexico, Brazil, Argentina, The UK, Germany, France, Italy, Spain, GCC, South Africa, China, Japan, South Korea, India, Australia)