Published Date: 13-Oct-2021
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According to a new report Global Cloud Kitchen Market, published by KBV research, The Global Cloud Kitchen Market size is expected to reach $118.5 billion by 2027, rising at a market growth of 13.5% CAGR during the forecast period.
The commissary/shared kitchen segment is estimated to display the prominent growth rate during the forecast period. The growing popularity of the shared kitchen amongst numerous restaurateurs and its various advantages would contribute to the increasing number of commissary kitchens. Restaurants are gradually leasing out their kitchen facilities to various foodservice providers to add on one more source of income. Additionally, expanding number of food trucks & caterers, which utilize storage space and free time slots of restaurant accommodations, is projected to spur the growth of the segment.
The franchised segment acquired the highest revenue share in the cloud kitchen market in 2020. The rising number of franchised restaurants around the world is fueling the growth of the segment during the forecast period. The increasing popularity of international cuisines and customized foods amongst customers is motivating various operators to invest more in popular brands.
North America is anticipated to garner a promising growth rate during the forecast period. This regional growth is attributed to the aspects like rising buying power of the consumer, growing demand for fast foods, and better access to numerous digital touchpoints. In addition, growing awareness about the advantages of opting for cloud kitchens among restaurant owners is motivating numerous franchised store outlets and aggregators to set up a cloud or ghost kitchens.
Full Report: https://www.kbvresearch.com/cloud-kitchen-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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