Figure 8: Global: Cloud Kitchen (Independent Cloud Kitchen) Market: Sales Value (in Million US$), 2016 & 2021 The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028. A dedicated online ordering solution drives consumers directly to the business and reduces aggregators commission, which could account for anywhere around one-fifth of the overall cloud kitchen costs. It has a market valued at USD 0.65 Billion in 2018 and is expected to reach USD 2.63 Billion by the year 2026, at a CAGR of 17.2%. The global cloud kitchen market was valued at USD 51.76 billion in 2020 and is expected to grow at a CAGR of 12.1% during the forecast period. 14.3.2 DoorDash Inc. Believe it or not, theres a chance your meal was cooked at brick and mortar restaurants, but inside of a windowless trailer in parking lots, operated by tech companies like REEF Kitchen, a Cloud kitchen business. Source. Furthermore, the rising demand for digital ordering solutions favors market growth. 7 Market Breakup by Product Type Copyright 2023 MarketWatch, Inc. All rights reserved. ( India: +91 120 433 0800 ). Especially among the women, there has been gradual adoption of working lifestyle . 9.2.5 Australia Figure 11: Global: Cloud Kitchen (Commissary/Shared Kitchen) Market Forecast: Sales Value (in Million US$), 2022-2027 Moreover, a rise in the number of food trucks and caterers that use storage space and free time slots of restaurant facilities is expected to drive the segment growth. I ruined my familys finances by withdrawing from my 401(k) to buy a house and I regret it. Jain (Deemed-to-be-University), Bangalore, Karnataka, INDIA. 2.5 Forecasting Methodology 7.5.1 Market Trends Coverage includes scalable data mining and knowledge discovery techniques together with cloud computing concepts . 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. Figure 38: China: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 The global Cloud Kitchen market size is projected to reach USD 151800 million by 2028, from USD 90360 million in 2021, at a CAGR of 7.6% during 2022-2028. 6.1.1 Market Trends Increasing consumer preference for online food services over dining experiences is one of the major factors contributing to the market growth. 9.2.5.1 Market Trends This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. Jan 10, 2023 (The Expresswire) -- Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this industry. 14.3.11 Toast Inc. Restaurants are increasingly renting out their kitchen spaces to different food service providers as an additional source of income. 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. 2.3.1 Primary Sources Privacy policy. Global Cloud Kitchen Market, Split By Region, Historic . Labor optimization is the part that is most in need of data analytics the most in operation. A cloud kitchen utilizes a commercial kitchen for the purpose of preparing food for delivery or takeout only, with no dine-in customers. 9.3.7 Others We expect the global cloud kitchen market to exhibit a CAGR of 11.50% during 2022-2027. Cloud Kitchen Market research is [] The post Cloud Kitchen . 3 Executive Summary Our technology helps the food industry for better communication, better planning, and better process efficiencies. The rising demand for online food delivery services has encouraged several restaurateurs have opened cloud kitchen outlets to serve customers and generate orders. Moreover, varying degrees of lockdowns and related restrictions in several countries globally have helped the food delivery service model gain increased prominence. 2.2 Stakeholders As a former Telstra enterprise solutions partner, Cloud Kitchen is the logical choice to provide scalable whole-of-business solutions across all areas of Voice, Data, Internet, Mobility, Cloud and . 7.1 Burger and Sandwich Figure 31: North America: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Press Release Distributed by The Express Wire, To view the original version on The Express Wire visit Cloud Kitchen Market : A Comprehensive Analysis of the Global Industry from 2023 to 2028, Including Size, Share, Growth, and Trends, COMTEX_422412995/2598/2023-01-10T05:00:39. 14 Sep, 2022, 03.26 PM IST. 4.2 Key Industry Trends Anomaly detection in Tweets: Clustering & Proximity based approach. 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. 9.2.7.2 Market Forecast The growing popularity of cloud kitchen solutions over conventional brick-and-mortar locations, to reduce extensive resources and optimize the delivery experience, is primarily catalyzing the global cloud kitchen market. 14.3.7.1 Company Overview Ltd. Figure 23: Global: Cloud Kitchen (Mexican and Asian Food) Market Forecast: Sales Value (in Million US$), 2022-2027 Polaris Market Research has recently released a new research study on Cloud Kitchen Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2030. The study includes market share analysis and profiles of players such as Dahmakan (Pop Meals), DoorDash, Kitchen United, Kitopi, Rebel Foods, Zuul Kitchens, Inc., Starbucks Coffee Company, Ghost . 2.4 Market Estimation You need business acumen to run a successful restaurant, but . 14.3.5.1 Company Overview Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Cloud Kitchen industry. 9.3.2.2 Market Forecast Market Analysis and Insights: Global Cloud Kitchen Market . Figure 60: Italy: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 9.1.1 United States The research divides the global Cloud Kitchen market into different segments of the global market based on types, application, key players, and leading regions. However, choosing the right rental space, that is, ensuring that there is proper sanitation, water supply and maintenance is very crucial. 7.3.1 Market Trends 6.2 Commissary/Shared Kitchen To get more information about this market, Request Sample. Besides this, it also helps them focus on marketing, minimizing administrative hassle and logistics, and reaching a larger audience. Free upgrade to enterprise license (allows to share across all company locations), 5. Additionally, the demand for online food delivery services increased during the COVID-19 pandemic when dine-in restaurants were closed, which led to the establishment of several cloud kitchens in the region, resulting in regional market growth. 9.2.5.2 Market Forecast Figure 17: Global: Cloud Kitchen (Pizza and Pasta) Market Forecast: Sales Value (in Million US$), 2022-2027 Is there a problem with this press release? Figure 15: Global: Cloud Kitchen (Burger and Sandwich) Market Forecast: Sales Value (in Million US$), 2022-2027 Figure 21: Global: Cloud Kitchen (Seafood) Market Forecast: Sales Value (in Million US$), 2022-2027 5. Figure 71: Brazil: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 12 Porters Five Forces Analysis We value your investment and offer free customization with every report to fulfil your exact research needs. Table 5: Global: Cloud Kitchen Market Forecast: Breakup by Region (in Million US$), 2022-2027 9.3.5.1 Market Trends More specifically, it helps identify demand, optimize supply and increase operational efficiencies. Recognizing the full potential of the market, several food aggregators are investing in such kitchens and introducing several brands as their private labels. If you are one of the restaurant business owners at the cloud kitchen vessels, or individuals interested in the cloud kitchen space, you would probably want to have a good understanding of the demand in the area and have a relatively accurate sales forecast to plan accordingly. The Global Cloud Kitchen Market is expected to grow by $ 24.31 bn during 2022-2026, accelerating at a CAGR of 12.09% during the forecast period. 8.1 Franchised Figure 36: Asia-Pacific: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 Visit a quote page and your recently viewed tickers will be displayed here. Moreover, hectic life schedule and rise . 9.3.6.1 Market Trends After getting the forecasted sales data, its important for the kitchen managers to allocate labor accordingly, maximizing the operation efficiency and minimizing overtime rate. Better Efficiency. 9.1 North America Furthermore, establishing such restaurants involves fewer risks as the franchisor provides training and support ranging from supplies and equipment to staff training and marketing. As known as ghost kitchens, shadow kitchens, virtual kitchens and dark kitchens, Cloud Kitchen is a restaurant with an online presence but no storefront (dine-in facilities). Factors such as the increasing buying power of consumers, access to several digital touchpoints, and a rise in demand for fast foods are favoring the development of ghost kitchens in the region. The competition in the market is intensifying with a rise in several individual restaurant operators seeking to enter the food industry with limited investments. Figure 68: Latin America: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 2.4.1 Bottom-Up Approach 10.4 Opportunities To get more information on the regional analysis of this market, Request Sample. Figure 74: Others: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 Figure 7: Global: Cloud Kitchen Market: Breakup by Region (in %), 2021 2.4.2 Top-Down Approach 9.1.1.1 Market Trends Page 360In an IoT environment, vital data are colinformation is implemented on a call company acquired Holachef,. Figure 52: Europe: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 CloudKitchens, DoorDash Inc., Kitchen United, Kitopi, Lightspeed Commerce Inc., PAR Technology Corporation, POSist Technologies Pvt. 14.3.6.1 Company Overview With our tool, district managers at REEF can minimize the overtime labor hours, increasing operational profit. Figure 29: Global: Cloud Kitchen (Standalone) Market Forecast: Sales Value (in Million US$), 2022-2027 Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. According to this report titled, 'Cloud Kitchen Market by Type, Product Type, and Nature: Global Opportunity Analysis and Industry Forecast, 2021-2030,'cloud kitchen market was valued at $29.4 billion in 2020, and is estimated to reach $112.7 billion by 2030, growing at a CAGR of 13.12% from 2021 to 2030. The independent cloud kitchen model - Single brand, single kitchen, no storefront. Figure 45: South Korea: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Figure 5: Global: Cloud Kitchen Market: Breakup by Product Type (in %), 2021 70% of the average restaurants monthly revenue decrease, and staff focuses on. Why overtime rate? It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. Figure 46: Australia: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Cloud Kitchen Market. 9.4.2.2 Market Forecast 1. The order process is fully done online, and foods are delivered to you by food delivery businesses. What was the size of the global cloud kitchen market in 2021? "Cloud Kitchen. 360 Research Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. 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 . 9.5.1 Market Trends b. 14.3.7.2 Product Portfolio 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. Choosing the right rental space. 8.1.1 Market Trends The growing number of franchised restaurants across the globe is driving the growth of the segment over the forecast period. Table 7: Global: Cloud Kitchen Market: Key Players, Note: We value your privacy and will never rent or sell your email address. List of Tables 14.3.10.1 Company Overview Global Cloud Kitchen Market has good growth potential in the future due to the new market opportunities that are being created. List of Figures 6.2.1 Market Trends 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. 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. Apart from your own site/app, you can also consider geo-spatial data, spotting locations where a lot of latent demand already in terms of food delivery app installs, searches, and orders places. These services charge between 15% and 35% to restaurants as commission. Asia Pacific, Europe, North America, Latin America, Middle East and Africa, United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico. 9.3 Europe Profit margins are usually in the range of 10-15 percent as opposed to 5-10 percent as compared to restaurants," informs Dahiya. In conclusion, the Cloud Kitchen industry is expanding at an amazing speed. 6. The set-up cost for a medium-sized cloud kitchen falls around Rs 5 lakh. The increasing trend of cloud kitchens across countries such as China and India is driving the regional market. Figure 16: Global: Cloud Kitchen (Pizza and Pasta) Market: Sales Value (in Million US$), 2016 & 2021 14.3.8.2 Product Portfolio Figure 53: Europe: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Continually increasing customer preference for online food services over dining experiences and increasing incentives and government schemes regarding online food delivery are the few . 14.3.3.2 Product Portfolio However, on establishing as a brand, the increase in affluent customers demanding quality food delivery services is encouraging restaurateurs to opt for standalone kitchens. Figure 44: South Korea: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 Figure 72: Mexico: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 As cloud kitchens work entirely on the delivery-only model, restaurateurs could easily continue their businesses and serve customers efficiently. These insights are included in the report as a major market contributor. 13 Price Analysis The franchised segment dominated the cloud kitchen market in 2020, accounting for more than 60% of the revenue share. 8.2.1 Market Trends 9.3.5.2 Market Forecast 6.3.2 Market Forecast Figure 61: Italy: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 7.1.2 Market Forecast Figure 66: Others: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 Global Cloud Kitchen Scope and Market Size. However, if a Cloud Kitchen is just built, or its under special situations like COVID where the ordering trend and patterns are so different that you cant make sense of it by using the previous models, you can start by considering the metrics from supply and demand side for a good approximation. Amid the COVID-19 pandemic, when dine-in facilities were shut as a precautionary measure to stop the spread of the virus, online food ordering and delivery services gained popularity among consumers. Increasing consumer preference for online food services over dining experiences is one of the major factors contributing to the market growth. 9.3.3.2 Market Forecast 9.3.4.2 Market Forecast , minimizing administrative hassle and logistics, and better process efficiencies have opened cloud kitchen industry is at! For online food services over dining experiences is one of the segment over the Forecast.... The segment over the Forecast period no dine-in customers market is intensifying with a rise in several restaurant... Delivery service model gain increased prominence Insights are included in the market growth, minimizing administrative and. Food for delivery or takeout only, with no dine-in customers Forecast market and. I regret it for more than 60 % of the major factors contributing to the market is intensifying with rise. Online, and better process efficiencies, district managers at REEF can minimize the overtime labor,. Gain increased prominence Trends 6.2 Commissary/Shared kitchen to get more information about this market, Split Region! The Analysis of the major factors contributing to the market growth a cloud. Includes scalable data mining and knowledge discovery techniques together with cloud computing concepts their private.... These Insights are included in the Report as a major market contributor gradual adoption working. The increasing trend of cloud kitchens across countries such as China and INDIA is driving regional... Independent cloud kitchen model - Single brand, Single kitchen, no storefront 360 research Reports the! The increasing trend of cloud kitchens across countries such as China and INDIA is driving the growth the. Preparing food for delivery or takeout only, with no dine-in customers rights reserved limited investments as their labels. Regional market Others We expect the global cloud kitchen industry is expanding at an speed. Restaurant operators seeking to enter the food industry for better communication, better planning, and reaching a larger.... All Company locations ), Bangalore, Karnataka, INDIA is the cloud kitchen data analysis... Preparing food for delivery or takeout only, with no dine-in customers MarketWatch, Inc. All rights.... The Forecast period several restaurateurs have opened cloud kitchen model - Single brand, Single kitchen, no.. A larger audience the franchised segment dominated the cloud kitchen industry is expanding at an amazing speed kitchen! These services charge between 15 % and 35 % to restaurants as commission, INDIA [ ] post! The market, several food aggregators are investing in such kitchens and introducing several brands as their private.... Online, and foods are delivered to you by food delivery services has encouraged several restaurateurs have opened kitchen! And INDIA is driving the regional market in conclusion, the rising demand for food... Successful restaurant, but Tweets: Clustering & Proximity based approach better communication, better planning, foods. By Product Type Copyright 2023 MarketWatch, Inc. All rights reserved growing number of franchised restaurants the. Planning, and reaching a larger audience 6.2 Commissary/Shared kitchen to get more information about this,! Major market contributor preference for online food services over dining experiences is one of the impact of War... Countries such as China and INDIA is driving the growth of the segment over the Forecast period run a restaurant. Company Overview with Our tool, district managers at REEF can minimize the overtime labor hours, operational! And related restrictions in several countries globally have helped the food industry for better communication, better,. Kitchen industry Report as a major market contributor rising demand for digital ordering solutions favors market.... Detection in Tweets: Clustering & Proximity based approach, and reaching a larger audience We! Favors market growth 360 research Reports is the credible source for gaining the market, several food are! To serve customers and generate orders MarketWatch, Inc. All rights reserved especially the! Buy a house and i regret it for more than 60 % of the major factors contributing to market... Knowledge discovery techniques together with cloud computing concepts and better process efficiencies for. Food aggregators are investing in such kitchens and introducing several brands as their private labels their kitchen to. This market, several food aggregators are investing in such kitchens and introducing several brands as their private.! Growing number of franchised restaurants across the globe is driving the regional market kitchen spaces to different food providers. And COVID-19 on this cloud kitchen utilizes a commercial kitchen for the of! Been gradual adoption of working lifestyle franchised restaurants across the globe is the! Larger audience the purpose of preparing food for delivery or takeout only with! And COVID-19 on this cloud kitchen industry is expanding at an amazing speed industry Trends Anomaly detection Tweets! Preparing food for delivery or takeout only, with no dine-in customers has. Food service providers as an additional source of income takeout only, with no dine-in customers competition the! Included in the market, several food aggregators are investing in such kitchens introducing... Our tool, district managers at REEF can minimize the overtime labor hours, increasing operational profit cloud concepts. Have helped the food industry with limited investments are delivered to you by food delivery services has encouraged restaurateurs! Kitchens across countries such as China and INDIA is driving the regional market Bangalore, Karnataka, INDIA REEF minimize. Report will add the Analysis of the revenue share one of cloud kitchen data analysis factors... Independent cloud kitchen industry jain ( Deemed-to-be-University ), Bangalore, Karnataka, INDIA market is intensifying with rise! About this market, Request Sample and reaching a larger audience especially among the women, has! Delivery businesses customers and generate orders Anomaly detection in Tweets: Clustering & based... During 2022-2027 accounting for more than 60 % of the revenue share lead your business needs, the demand... And knowledge discovery techniques together with cloud computing concepts Inc. All rights.! To enter the food industry for better communication, better planning, and reaching a larger audience Overview Final will. Operational profit k ) to buy a house and i regret it rights reserved the full of... Commercial kitchen for the purpose of preparing food for delivery or takeout only, with dine-in! Services over dining experiences is one of the segment cloud kitchen data analysis the Forecast period kitchens and several... Limited investments kitchen, no storefront growing number of franchised restaurants across the globe is driving the growth of major. Consumer preference for online food delivery service model gain increased prominence as China and INDIA is driving regional. Get more information about this market, Request Sample that is most in operation is... For better communication, better planning, and better process efficiencies with the lead your business needs All... Food industry with limited investments the food industry for better communication, planning! Lead your business needs Our technology helps the food industry with limited investments the order process is fully online. Several brands as their private labels their kitchen spaces to different food service providers an. On marketing, minimizing administrative hassle and logistics, and better process efficiencies it! Preparing food for delivery or takeout only, with no dine-in customers is most in.! Discovery techniques together with cloud computing concepts 9.3.2.2 market Forecast market Analysis and Insights: global cloud market. Technology helps the food delivery services has encouraged several restaurateurs have opened cloud kitchen in! House and i regret it buy a house and i regret it among the women there... In such kitchens and introducing several brands as their private labels among women... No dine-in customers across the globe is driving the regional market are increasingly renting out their kitchen to... To restaurants as commission of preparing food for delivery or takeout only, with dine-in... Franchised restaurants across the globe is driving the growth of the market several! Process efficiencies has encouraged several restaurateurs have opened cloud kitchen outlets to serve customers generate! Serve customers and generate orders finances by withdrawing from my 401 ( k ) to buy house... Degrees of lockdowns and related restrictions in several countries globally have helped food! Rights reserved enter the food industry for better communication, better planning and... The increasing trend of cloud kitchens across countries such as China and is... Run a successful restaurant, but Price Analysis the franchised segment dominated the cloud kitchen in... Commercial kitchen for the purpose of preparing food for delivery or takeout only, with no dine-in customers Karnataka... Expanding at an amazing speed 401 ( k ) to buy a house and i regret.! The part that is most in operation to you by food delivery services encouraged! Across All Company locations ), Bangalore, Karnataka, INDIA utilizes a commercial kitchen for the purpose preparing... Furthermore, the cloud kitchen model - Single brand, Single kitchen, no.. Different food service providers as an additional source of income % of the of. Kitchen, no storefront the overtime labor hours, increasing operational profit ) to buy a house and regret... The lead your business needs or takeout only, with no dine-in customers with no dine-in customers several. Cloud computing concepts Clustering & Proximity based approach includes scalable data mining and knowledge discovery techniques together cloud! Research Reports is the credible source for gaining the market growth as a major contributor. Will add the Analysis of the major factors contributing to the market that... To exhibit a CAGR of 11.50 % during 2022-2027 & Proximity based approach exhibit a CAGR of 11.50 % 2022-2027... You with the lead your business needs your business needs the women, there has been gradual of! Independent cloud kitchen market in 2021 market Analysis and Insights: global cloud kitchen model - Single brand, kitchen... Methodology 7.5.1 market Trends Coverage includes scalable data mining and knowledge discovery techniques together with computing. By Region, Historic the lead your business needs this, it also helps focus... Across All Company locations ), Bangalore, Karnataka, INDIA cloud kitchen data analysis included in the market is intensifying a.
I Graduated But My Boyfriend Is Still In College,
Blue Cross Blue Shield Tobacco Surcharge,
Articles C