In May 2023, Swiggy expanded its premium food delivery offering, Swiggy Gourmet, to 31 cities across India, including Pune, Kolkata, and Jaipur. This move was part of its strategy to strengthen its position in the upscale food delivery segment.
December 2021- Rebel Foods invested USD 150 million for strategic brand investments and acquisitions in India and around the world, with the aim to scale new food brands.
October 2021- Kitchen United acquired software and ghost kitchen developer Zuul, a company that helps restaurateurs and other foodservice operators to grow their businesses.
Author Credits: Parul Atri
Report ID: 3928
Published Date: Aug 21, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
In the year 2024, the industry size of cloud kitchen is evaluated at USD 69.52 billion.
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. The market growth is impelled by growing emphasis of consumers for online food services over dining experience, and increasing usage of independent cloud kitchens by grocery stores.
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.
The major players in the market are Rebel Foods Private Limited, Kitchen United, DoorDash, Inc., Zuul Kitchens, Inc., Kitopi Catering Services LLC, and others.