Cloud Kitchen Market Size

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.

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.

Cloud Kitchen Market Size