Cloud Kitchen Market to Reach 12.42 Billion in 2023, Growing at a CAGR of 12.42% | CAGR
MarkNtel Advisors has recently study an extensive market intelligence analysis on the Global Cloud Kitchen Market. The newly released report showcases an engaging format enriched with visually compelling tables, graphs, charts, and figures. These seamlessly integrated visual aids are designed to bolster the accuracy and clarity of the information presented, offering readers a thorough grasp of the topic at hand.
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How big is the Cloud Kitchen market?
The Global Cloud Kitchen Market size was valued at USD 45 Billion in 2023 & is expected to grow at a CAGR of around 12.42% during the forecast period, i.e., 2024-30. Most of the market expansion would be propelled by rising disposable incomes, especially among the young generation, coupled with lifestyle changes and a growing consumer inclination toward fast food & snacks.
Factors Influencing Cloud Kitchen Market Growth: An Analysis of Market Drivers:
Changing Consumer Preferences Driving Market Growth – One of the main factors driving the Global Cloud Kitchen Market is changing consumer preferences. Cloud kitchens provide a customized solution that meets the changing needs of consumers who are looking for food options that are more convenient, varied, and flexible. With only a few clicks on their computers or cellphones, customers using cloud kitchens may order food from a variety of cuisines, menu items, and themes for delivery or takeout. Urban consumers who are busy and appreciate time-saving solutions and convenience, together with those who are looking for unique and specialized culinary experiences, will find this appealing.
Geographical Insight: Cloud Kitchen Industry
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Among them, Asia-Pacific is projected to be the fastest-growing Cloud Kitchen Market during 2024-30, with India & China as the leading contributors. Burgeoning disposable incomes, the massive consumer base, increased penetration of the internet & smartphones, the hectic lifestyles of the working population, and consequently, rapidly rising online food delivery orders are the major driving forces for the industry.
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Competitor Breakdown: Global Cloud Kitchen Market
In the fast-changing Global Cloud Kitchen Market, understanding what our competitors are doing is really important. By carefully looking at things, we figure out who the major market players are, what they're good at, and where they're not so good. This helps us make smart choices and do well in the competition. Understanding our rivals helps to grow fast and do their best. By keeping a close eye on our competitors and changing our approach when needed, we stay ahead and grab opportunities for growth. Also, watching what customers like and how the market is changing helps stay ahead of the competition.
Names of major industry players are:
- Kitchen United
- Rebel Food
- Doordash Kitchen
- Zuul Kitchen
- Keatz
- Kitopi
- Dahmakan
- Starbucks (Starbucks Kitchen)
- Zomato
- Foodpanda
- GrabFood
- GoFood Kitchen
- Swiggy
- KitchenConnect
- GrabKitchen
- Avane Cloud Kitchens
- Others
Segmentation Analysis: Cloud Kitchen Market
By Type
- Independent Kitchen
- Commissary/Multi-brand Kitchen
- Kitchen Pods
- Outsourced Kitchen
By Nature
- Franchised
- Standalone
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