The Europe Cloud Kitchen Market would witness market growth of 13% CAGR during the forecast period (2021-2027).
Cloud kitchen is the best option for the food entrepreneurs and operators who test their latest offerings and deliver creative foods prior to their presentation in front of target customers or guests. In addition, cloud kitchens provide companies the opportunity to better serve their consumers directly without the fear of any additional cost and the consistently increasing real-estate prices. Additionally, restaurants having the only objective of delivering foods aimed at a particular set of customers can work under more than one brand from the same kitchen, which enables them to better use their ingredients and decrease the additional cost of raw material.
The high penetration of smartphones and the increasing number of food delivery apps and kiosks are supporting the regional growth of the cloud kitchen market. Additionally, the presence of some key market players is also strengthening the regional cloud kitchen market. Customers are now more inclining towards the adoption of online food delivery due to the outbreak of the pandemic, which is contributing to the high demand for online food delivery options.
This changing preference is also leading restaurateurs to opt for cloud kitchens along with motivating new restaurateurs to enter the food industry with relatively low investment and more flexibility. In addition, with the rising awareness about the benefits offered by cloud kitchens, restaurateurs would shift to cloud kitchens to cut down heavy facility expenses and compete with other big food giants. The increasing usage of the internet along with the usage of technologically advanced solutions in the food industry is estimated to spur the growth of the regional cloud kitchen market.
The Germany market dominated the Europe Commissary/Shared Kitchen Market by Country in 2020, thereby, achieving a market value of $1,405.2 million by 2027. The UK market is exhibiting a CAGR of 12.4% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 14.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cloud Kitchen Market Size will Hit $118.5 Billion by 2027, at a CAGR of 13.5%
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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