Cloud Kitchen Market size was valued at USD 63.71 billion in 2023 and is projected to exceed USD 259.25 billion by 2036, expanding at over 11.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cloud kitchen is evaluated at USD 69.52 billion. The growth of the market can be attributed to the growing emphasis of consumers for online food services over dining experience, and increasing usage of independent cloud kitchens by grocery stores worldwide. It is calculated that the user penetration in the online food delivery segment will be more than 22% in 2022. Also, the total number of users of online food delivery is evaluated to reach a value of more than 2 billion by 2026. Along with these, rising use of social media marketing, and surge in internet penetration across the globe are projected to offer abundant growth opportunities to the market in the near future. Furthermore, escalating demand for ready to eat food, coupled with hectic work schedule of millennials and Gen Z are also expected to drive cloud kitchen market growth in the forthcoming years.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
11.4% |
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Base Year Market Size (2023) |
USD 63.71 billion |
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Forecast Year Market Size (2036) |
USD 259.25 billion |
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Regional Scope |
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The market is segmented by type into independent cloud kitchen, commissary/shared kitchen, and kitchen pods, out of which, the independent cloud kitchen segment is anticipated to hold the largest share in the global cloud kitchen market. This can be accounted to the low start-up costs, and requirement of minimal infrastructure for setting up independent cloud kitchen. Additionally, on the basis of nature, the franchised segment is predicted to occupy the largest share during the forecast period owing to the rising trend of franchising among stakeholders. Apart from this, franchising helps in expansion of business with the requirement of less capital, which is also assessed to boost the growth of the market segment in the future.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Nature |
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By Product Type |
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Regionally, the global cloud kitchen market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in North America industry is estimated to hold largest revenue share by 2036, propelled by growing buying power of consumers, coupled with their access to several digital touchpoints. In addition, rising awareness levels about the benefits of cloud kitchens among foodservice operators is encouraging many franchised store outlets to establish cloud kitchens, which in turn is also expected to fuel the market growth in the region in the coming years. Moreover, the cloud kitchen market in Asia Pacific is projected to grab the largest share during the forecast period ascribing to the rise in online food delivery services, coupled with escalating adoption of smartphone applications in the region. The total number of smartphone users in India surpassed a value of 740 million in the year 2019, which is projected to exceed 1 billion in 2040.
Author Credits: Parul Atri
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