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The Asia Pacific Cloud Kitchen Market would witness market growth of 14.2% CAGR during the forecast period (2021-2027).
A cloud kitchen refers to a commercial kitchen facility, which offers food businesses the services and facilities to make menu items for takeout and delivery. These cloud kitchens are also called ghost kitchens or virtual kitchens. The cloud kitchens enable restaurant owners to make and deliver food products with reduced costs that were a bit difficult in conventional kitchen locations.
In the past few years, cloud kitchens have become a popular concept and new restaurant owners for establishing a food business. Faasos by Rebel Foods, Freshmenu, Biryani By Kilo, are among the most popular cloud kitchen chains. Several established restaurant chains are setting up cloud kitchen outlets in place of opening a dine-in outlet to deliver the high number of food delivery orders.
The pace of digitalization in various nations of this region is quite high, which is estimated to open growth avenues for the regional market players. The shifting customer preference and the high popularity of international cuisine are attracting more restaurateurs to set up their cloud kitchen to gain a competitive edge in the market. In addition, the adoption of cloud kitchen can also help restaurateurs to try and test their new offering without hampering their in-guest experience.
This feature is attracting more restaurateurs to adopt cloud kitchens and further augment the growth of the regional cloud kitchen market over the forecast period. Moreover, the increasing disposable income and rising number of smartphones are also creating lucrative opportunities for the key market players. This would further bolster the regional growth of the cloud kitchen market in the coming years.
The Franchised market dominated the Malaysia Cloud Kitchen Market by Nature in 2020, thereby, achieving a market value of $1,840.1 million by 2027. The Standalone market is expected to witness a CAGR of 16.2% during (2021 - 2027).
Based on Nature, the market is segmented into Franchised and Standalone. Based on Type, the market is segmented into Independent Cloud Kitchen, Commissary/Shared Kitchen and Kitchen Pods. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Starbucks Coffee Company, DoorDash, Inc., Ghost Kitchen Orlando, Swiggy (Bundl Technologies Pvt. Ltd.), Zuul Kitchens, Rebel Foods, Kitopi, Kitchen United, Pop Meals (Dahmakan), and CloudKitchens.
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