COVID-19 The pandemic continues to cause unprecedented disruption across industries worldwide. Besides this, it also helps them focus on marketing, minimizing administrative hassle and logistics, and reaching a larger audience. The flexibility of operating ghost kitchens from any location, ranging from parking spaces and warehouses to basements, is another key factor adding to the popularity of cloud kitchens. Some of the prominent players operating in the global cloud kitchen market are: Revenue in USD million and CAGR from 2021 to 2028, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Latin America; MEA, U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico, Dahmakan (Pop Meals); DoorDash; Kitchen United; Kitopi; Rebel Foods; Zuul Kitchens, Inc; Starbucks Coffee Company; Ghost Kitchen Orlando; CloudKitchens; Swiggy. Include important information such as your objective, the inspiration for your firm, the company's initial and future plans, and so on. Heres where. 2.1 Objectives of the Study Figure 23: Global: Cloud Kitchen (Mexican and Asian Food) Market Forecast: Sales Value (in Million US$), 2022-2027 Figure 62: Spain: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 ( UK: +44-753-713-2163 ) The increasing consumer preference for international cuisines, fast foods, and online ordering is expected to drive the growth of the segment. In summary, Cloud kitchens marry academic operation principles with state-of-the-art technology to generate rich insights using data analytics resulting in an Airbnb like model in the food space . 2.3.2 Secondary Sources 7.4 Seafood 14.3.2.3 Financials Visit a quote page and your recently viewed tickers will be displayed here. The GMV . Cloud kitchens also have comparatively higher profit margins than dine-in restaurants. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. People searching for burgers are at least having some intent to buy burgers for their meal. Table 1: Global: Cloud Kitchen Market: Key Industry Highlights, 2021 and 2027 10.4 Opportunities Because they are designed with tech in mind, cloud kitchens can optimize processes, ordering, and staff scheduling based on consumer behavior. The competitive landscape of the industry has also been examined along with the profiles of the key players being CloudKitchens, DoorDash Inc., Kitchen United, Kitopi, Lightspeed Commerce Inc., PAR Technology Corporation, POSist Technologies Pvt. This report provides a detailed overview of key factors in the Cloud Kitchen Foodservice Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology . 14.3.7.2 Product Portfolio "Setting up a cloud kitchen typically requires 1/3rd of the investment required to set up a restaurant on account of lower rental costs. Remember the last time you order your food from your favorite delivery app? Over the years, there has been a rise in number of workforces in various demographic segments. Restaurants are increasingly renting out their kitchen spaces to different food service providers as an additional source of income. The global cloud kitchen market is expected to grow at a compound annual growth rate of 12.4% from 2021 to 2028 to reach USD 139.37 billion by 2028. b. Similar to on-premises data analytics, cloud analytics algorithms are applied to large data collections to identify patterns, predict future outcomes and produce other information useful . Published by Sandhya Keelery , Mar 29, 2022. Figure 30: North America: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 Big cloud kitchen data analysis with cost savings when moving to the scalability of operations has to focus on ambiance,,. Choose reports from a database of more than 10,000 reports. 9.1.2 Canada 9.3.4.2 Market Forecast The menu can also be adapted to suit demand and increase margins, optimizing the model over time. Experts predict the food delivery service market to grow from $107.44 billion in 2019 to $111.32 billion in 2020, to $154.34 billion in 2023 a 43.6% increase in only four years. Figure 43: India: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Do Twitter Opinions Lead to Great Stock Returns? The global cloud kitchen market size was estimated at 56.71 billion U.S . Based on Type, the market can be classified intoMulti-brand Cloud Kitchen, Independent Cloud Kitchen, Hybrid Cloud Kitchen, Others. Continually increasing customer preference for online food services over dining experiences and increasing incentives and government schemes regarding online food delivery are the few . Figure 11: Global: Cloud Kitchen (Commissary/Shared Kitchen) Market Forecast: Sales Value (in Million US$), 2022-2027 It also provides a dashboard overview of the past and present performance of leading companies. 1. Among these, burger and sandwich exhibits a clear dominance in the market. The Model can be used for creating a business plan for any size of the business by using a combination of revenue from: 1. According to an analysis by Redseer, the cloud kitchen market size is expected to reach $2 billion in the next couple of years. The global cloud kitchen market size was estimated at USD 51.96 billion in 2020 and is expected to reach USD 61.62 billion in 2021. b. 2.4.2 Top-Down Approach 9 Market Breakup by Region 14.3.4.1 Company Overview Table 3: Global: Cloud Kitchen Market Forecast: Breakup by Product Type (in Million US$), 2022-2027 Source. As soon as the order is received, it gets updated in the KDS. The global cloud kitchen market size was valued at USD 51.96 billion in 2020 and is expected to expand at a compound annual growth rate(CAGR) of 12.4% from 2021 to 2028. It contains an in-depth outline of the market, including Cloud Kitchen Market size, trends, growth, and forecast. The market include Asia-Pacific, North America and Europe, with a share of 58%, 23% and 12%. The independent cloud kitchen segment held the largest revenue share in 2020, accounting for around 60% of the overall market. Figure 72: Mexico: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 6. An integrated Kitchen Display System (KDS) will optimize order preparation time. 9.2.5.2 Market Forecast Figure 28: Global: Cloud Kitchen (Standalone) Market: Sales Value (in Million US$), 2016 & 2021 To start with, think about #search (number of searches). The independent cloud kitchen model - Single brand, single kitchen, no storefront. In our online delivery report we found that, 67% of restaurants would prefer opening a cloud-kitchen over a dine-in as their next outlet. 9.2.3.1 Market Trends The global cloud kitchen market was valued at $29.4 billion in 2020, and is projected to reach $112.7 billion by 2030, growing at a CAGR of 13.12% from 2021 to 2030. The increasing popularity of the shared kitchen concept among restaurateurs and its several benefits contribute to the rise in the number of commissary kitchens. Figure 58: United Kingdom: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 The Cloud Kitchen Market report is a valuable source for the best market and business solutions for the Cloud Kitchen industry in this rapidly altering marketplace. 14.3.9.1 Company Overview It enables you to gather your business data and information and creates predictability for . A cloud kitchen's labor force consists of head chefs, sous chefs, dishwashers, managers, and delivery drivers. 5.1 Market Overview b. Establishing standalone kitchens as a brand requires time and therefore adoption is less in comparison to franchise stores. By setting the right metrics, conducting descriptive, diagnostic and predictive analysis using analytical tools, one can improve Cloud Kitchen performance in areas like marketing and operation. There are analytics tools, such as locale.ai that help you consolidate this information. With our tool, district managers at REEF can minimize the overtime labor hours, increasing operational profit. Global Cloud Kitchen Market, Split By Region, Historic . 9.2.1.2 Market Forecast Manager total branch data and analysis for a given time frame. 9.1.1.2 Market Forecast Figure 63: Spain: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Page 360In an IoT environment, vital data are colinformation is implemented on a call company acquired Holachef,. 9.2.4.2 Market Forecast 14.3.1.1 Company Overview More specifically, it helps identify demand, optimize supply and increase operational efficiencies. 5.3 Impact of COVID-19 Privacy policy. On the 14th of July 2021, Zomato went public with 9 thousand crores and this is by far one of the biggest and perhaps the most awaited IP0 of 2021. The new report titled Cloud Kitchen Market : By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2032. issued by Polaris Market Research demonstrates comprehensive information that acts as a valuable source of insightful data for business strategists throughout the forecast period. Based on the type, the global cloud kitchen market can be segmented into independent cloud kitchen, commissary/shared kitchen, and kitchen pods. Our technology helps the food industry for better communication, better planning, and better process efficiencies. . Figure 1: Global: Cloud Kitchen Market: Major Drivers and Challenges Region Wise the global trend is analyzed across : This Cloud Kitchen Market Research/Analysis Report Contains Answers to your following Questions. The COVID-19 pandemic brought several challenges before the food industry. Figure 44: South Korea: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 5. As a result, it is gaining traction as an ideal business solution across the globe to meet the emerging food delivery demand of local restaurants and fast-food chains. Better Efficiency. Report Summary. The competition in the market is intensifying with a rise in several individual restaurant operators seeking to enter the food industry with limited investments. What has been the impact of COVID-19 on the global cloud kitchen market? Anyway, this brings us to the concept of Cloud Kitchen. 2.2 Gain Actionable Data To Adapt and Optimise Your Restaurant. Looking forward, IMARC Group expects the market to reach a value of US$ 112.53 Billion by 2027 exhibiting a growth rate (CAGR) of 11.50% during 2022-2027. Figure 49: Indonesia: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Figure 24: Global: Cloud Kitchen (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021 IMARC Group provides an analysis of the key trends in each sub-segment of the global cloud kitchen market, along with forecasts at the global, regional and country level from 2022-2027. 14.3.6.2 Product Portfolio Browse Detailed TOC, Tables and Figures with Charts which is spread across 115 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector. 9.2.3.2 Market Forecast As a part of the model, the company offers a free real-estate infrastructure to restaurants and charges them based on a revenue-sharing model. For instance, In November 2017, Swiggy, an India-based online food aggregator, introduced Swiggy Acces to help restaurants operate delivery-only kitchens across locations where they do not have operations. By calculating the proportion of conversions over the search and clicks, we can see how we are responding to users needs. The global cloud kitchen market size reached US$ 56.71 Billion in 2021. The global cloud kitchen market size was valued at USD 51.96 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.4% from 2021 to 2028. For further information review our Privacy Policy. Cloud kitchen model also reduced the cost of starting up a food brand, and many first-time restaurateurs embraced the model. 9.2.2.2 Market Forecast Figure 10: Global: Cloud Kitchen (Commissary/Shared Kitchen) Market: Sales Value (in Million US$), 2016 & 2021 Rising disposable incomes and the increased adoption of smartphone applications among millennials are key factors leading to the rise in online food delivery services. 14 Sep, 2022, 03.26 PM IST. Figure 54: Germany: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 online dashboard trial. I ruined my familys finances by withdrawing from my 401(k) to buy a house and I regret it. Technavio's SUBSCRIPTION platform Due to the coronavirus disease (COVID-19) crisis, governing agencies of numerous countries have restricted dine-in services in restaurants and other commercial food establishments. This can also be attributed to the increasing utilization of smartphones, easy access to high-speed internet and a vast catalogue. As a new business sector that comes from the intersection between technology and the restaurant industry, it highly relies on data analytics to forecast demand, optimize supply and improve operations. Figure 5: Global: Cloud Kitchen Market: Breakup by Product Type (in %), 2021 Figure 6: Global: Cloud Kitchen Market: Breakup by Nature (in %), 2021 5.2 Market Performance Thus, benefits such as the minimal risk involved in establishing a cloud kitchen and gaining a considerable profit share are expected to drive the growth of the segment. In the global market, the core manufacturers of cloud kitchen include Franklin Junction, Kitchen United, Nextbite ,REEF Technology, Virturant, CloudKitchens, Kitopi, The Local Culinary, Amped Kitchens, Fulton Kitchens, Just Kitchen, Freshlane, Panda Selected, Keatz and Rebel Foods etc, and the top 15 manufacturers account for about 15% of the market share. Seafood, Mexican/Asian Food, Others; By Deployment Types: Web, Mobile) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 - 2030. No longer than 30 minutes after you finally made up your mind and hit the check out button, the meals are delivered to your door, hot and ready to eat. 7.6.1 Market Trends Figure 77: Middle East and Africa: Cloud Kitchen Market: Breakup by Country (in %), 2021 9.3.6.1 Market Trends For entrepreneurs, big Cloud Kitchen operators like REEF provide them a better reach and can even help them expand their business nationwide with a minimum amount of capital investment. 14.3.6.3 Financials Because in the hospitality and restaurant industry, labor cost takes one of the biggest parts of the cost structure. . Cloud Kitchen Market Regional And Country Analysis 7.1. 6.2 Commissary/Shared Kitchen 2.4.1 Bottom-Up Approach With services like UberEats, DoorDash, PostMates, Deliveroo, Eat24, Amazon Restaurants, Swiggy, etc., food has become available through just a few clicks. To get more information about this market, Request Sample. Dine-in businesses, which contribute to nearly two-thirds of the food industry, were severely affected and faced intense financial crunch because of the lack of regular customer orders. 9.2.3 India 7.5 Mexican and Asian Food This cloud kitchen market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths . Figure 36: Asia-Pacific: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market. They continue to climb. You can now earn upwards of 4% on a savings account. Create regional and country strategies on the basis of local data and analysis. Figure 79: Global: Cloud Kitchen Industry: SWOT Analysis In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. Figure 27: Global: Cloud Kitchen (Franchised) Market Forecast: Sales Value (in Million US$), 2022-2027 4 Introduction My brother died 10 months later. . This is where data analytics comes into play. 2.3.1 Primary Sources Figure 31: North America: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 The Qualitative Analysis Of Cloud Kitchen Emerging As A Viable Food & Beverage (F&B) Alternative Post COVID-19. Too known as virtual kitchen, shared kitchen, phantom kitchen, satellite kitchen. 9.3.5 Spain 9.2.6 Indonesia Furthermore, establishing such restaurants involves fewer risks as the franchisor provides training and support ranging from supplies and equipment to staff training and marketing. 9.2.1.1 Market Trends 2.5 Forecasting Methodology 9.3.5.2 Market Forecast Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Cloud Kitchen market in terms of revenue. Get the full research here. Restaurant owners or food business entrants sidestepping high rents and real estate costs by shedding the front-of-house. Cloud Kitchen Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2021, at unexpected CAGR during the forecast Period 2022-2028. What is the breakup of the global cloud kitchen market based on the nature? Who are the key players in the cloud kitchen market? The growth accelerated due to more and more people starting to go online, and it allowed these kitchens to rapidly expand their footprints along with digital food ordering options. This website is secure and your personal details are safe. You can consider using a typical food delivery app funnel (i.e. Jan 10, 2023 (The Expresswire) -- Figure 3: Global: Cloud Kitchen Market Forecast: Sales Value (in Billion US$), 2022-2027 Cloud kitchens, often referred to as virtual or ghost kitchens, are much more affordable to run compared to conventional kitchens in dine-in restaurants; ghost kitchens do not require dine-in facilities or account for costs related to property and location. Cloud kitchens pride themselves on the reduced budget required to set one up. Cloud kitchen GMV 2018-2025. The franchised segment dominated the cloud kitchen market in 2020, accounting for more than 60% of the revenue share. Adaptability and a greater understanding of your . The increasing trend of cloud kitchens across countries such as China and India is driving the regional market. 2.1 Better Delivery Efficiency. 360 Research Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. 9.2.2 Japan 2.2 Stakeholders This holds true in the Cloud Kitchen space, whose cost structure is highly dependent on labor cost given that fixed cost generated from physical storefront like rent no longer poses a problem. Figure 71: Brazil: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Coverage includes scalable data mining and knowledge discovery techniques together with cloud computing concepts . 6. What was the size of the global cloud kitchen market in 2021? Anomaly detection in Tweets: Clustering & Proximity based approach. A cloud kitchen utilizes a commercial kitchen for the purpose of preparing food for delivery or takeout only, with no dine-in customers. Data courtesy: Cloud Kitchen C. List of Figures 14.3.9.3 Financials 14.3.9.4 SWOT Analysis 14.3.8.1 Company Overview A Qualitative Research Study accomplished by Polaris Market Research database of "Cloud Kitchen Market" with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy-to-understand detailed analysis. Im now clean and sober: My late father left me 25% of his estate, and my wealthy brother 75%. 9.2.6.2 Market Forecast 8.1.2 Market Forecast 7 Market Breakup by Product Type However, choosing the right rental space, that is, ensuring that there is proper sanitation, water supply and maintenance is very crucial. Visit a quote page and your recently viewed tickers will be displayed here also comparatively! Out their kitchen spaces to different food service providers as an additional source of income several individual restaurant operators to... 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