Cloud Kitchen Market Share

North America industry is predicted to hold largest revenue share by 2037, 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.