9.3.3.1 Market Trends Cloud Kitchen Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, Financial Services and Investment Intelligence. 9.3.1.1 Market Trends The following elements must be included in the business plan: Business Summary : A business summary should ideally explain the concept of your cloud kitchen in a concise manner. People searching for burgers are at least having some intent to buy burgers for their meal. Polaris Market Research has come up with a new extensive report titled Cloud Kitchen Market 2023: By Types, Applications, Size, Share, Key Players & Regions Forecast Analysis till 2032 that offers detailed information that enhances this report's knowledge, scope, and utilization. Ltd. Over the years, there has been a rise in number of workforces in various demographic segments. "Setting up a cloud kitchen typically requires 1/3rd of the investment required to set up a restaurant on account of lower rental costs. 9.2 Asia-Pacific CloudKitchens, DoorDash Inc., Kitchen United, Kitopi, Lightspeed Commerce Inc., PAR Technology Corporation, POSist Technologies Pvt. Furthermore, ghost kitchens allow businesses the opportunity to serve customers directly without the pressure of additional costs and the constantly rising real-estate prices. Cloud Kitchen Market Size 2021: USD 63.0 Billion: Cloud Kitchen Market Forecast 2030: USD 373.4 Billion: Cloud Kitchen Market CAGR During 2022 - 2030: 22.0% Cloud Kitchen Market Analysis Period . 14.3.3.2 Product Portfolio The Global Cloud Kitchen Market is expected to grow by $ 24.31 bn during 2022-2026, accelerating at a CAGR of 12.09% during the forecast period. Order management and mobile segment are estimated to hold the largest market . Figure 7: Global: Cloud Kitchen Market: Breakup by Region (in %), 2021 7.1 Burger and Sandwich 7.2 Pizza and Pasta Figure 4: Global: Cloud Kitchen Market: Breakup by Type (in %), 2021 Better Efficiency. ( India: +91 120 433 0800 ). The global cloud kitchen market size reached US$ 56.71 Billion in 2021. 5.3 Impact of COVID-19 4. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Cloud Kitchen Market. Get a Sample Copy of the Cloud Kitchen Report 2022. 9.4.3.2 Market Forecast The global cloud kitchen market was valued at US$ 56.71 Billion in 2021. The independent cloud kitchen model - Single brand, single kitchen, no storefront. "Cloud Kitchen. 9.3.1.2 Market Forecast 14.3.3.1 Company Overview Figure 79: Global: Cloud Kitchen Industry: SWOT Analysis The report covers growth-driving factors and opportunities . What are the factors driving the cloud kitchen market? 7.5 Mexican and Asian Food Privacy policy. A Qualitative Research Study accomplished by Polaris Market Research database of "Cloud Kitchen Market" with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy-to-understand detailed analysis. Figure 53: Europe: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 b. Figure 77: Middle East and Africa: Cloud Kitchen Market: Breakup by Country (in %), 2021 Our technology helps the food industry for better communication, better planning, and better process efficiencies. 9.3.5.1 Market Trends 5.4 Market Forecast The GMV . 12.4 Degree of Competition Looking forward, IMARC Group expects the market to reach a value of US$ 112.53 Billion by 2027 exhibiting a growth rate (CAGR) of 11.50% during 2022-2027. Figure 41: Japan: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 9.2.3.2 Market Forecast Pvt. Food entrepreneurs and operators that test new offerings and offer creative foods prefer ghost kitchens to test and identify foods before presenting them to guests or consumers. From 2018 to 2020 the revenue of the company went from just $ 65 million to $ 368 . 1. 14.3.6 PAR Technology Corporation The Saudi Arabia cloud kitchen market size was valued at $157.0 million in 2020, and is estimated to reach $335.7 million by 2030 with a CAGR of 7.7% from 2021 to 2030. The most important role in the advent of cloud kitchens has been played by food aggregators. Rising disposable incomes and the increased adoption of smartphone applications among millennials are key factors leading to the rise in online food delivery services. 6.2.2 Market Forecast Do Twitter Opinions Lead to Great Stock Returns? Global Cloud Kitchen Market, Split By Region, Historic . A restaurant with no seating space and no physical store. More specifically, it helps identify demand, optimize supply and increase operational efficiencies. 9.3.6.1 Market Trends The product is mainly used in workplaces and household fields, with a share of 61% and 26%. 2.2 Gain Actionable Data To Adapt and Optimise Your Restaurant. Kitchen - Real-time alert of deviations from original order. A cloud kitchen is a takeaway outlet that does not provide a dine-in facility. Among these, burger and sandwich exhibits a clear dominance in the market. Figure 20: Global: Cloud Kitchen (Seafood) Market: Sales Value (in Million US$), 2016 & 2021 The research divides the global Cloud Kitchen market into different segments of the global market based on types, application, key players, and leading regions. What has been the impact of COVID-19 on the global cloud kitchen market? 14.3.5.3 Financials These services charge between 15% and 35% to restaurants as commission. 14.3.11 Toast Inc. Figure 8: Global: Cloud Kitchen (Independent Cloud Kitchen) Market: Sales Value (in Million US$), 2016 & 2021 As a new business sector that comes from the intersection between technology and the restaurant industry, it highly relies on data analytics to forecast demand, optimize supply and improve operations. The organization uses Cloud storage like Amazon Redshift to store all the data, which is connected to Tableau, its data visualization tool and Workforce, its scheduling system. At 360 Research Reports, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Rise in number of young populations globally, along with changing taste preference of consumers has raised demand for online food delivery. Which type segment led the cloud kitchen market? Moreover, varying degrees of lockdowns and related restrictions in several countries globally have helped the food delivery service model gain increased prominence. 14.3.8 Rebel Foods The popularity of cloud kitchens is more prominent in the Asia Pacific region, which accounted for more than 60% of the global market in 2020. The global Cloud Kitchen market size is projected to reach USD 151800 million by 2028, from USD 90360 million in 2021, at a CAGR of 7.6% during 2022-2028. The growing popularity of cloud kitchen solutions over conventional brick-and-mortar locations, to reduce extensive resources and optimize the delivery experience, is primarily catalyzing the global cloud kitchen market. Figure 15: Global: Cloud Kitchen (Burger and Sandwich) Market Forecast: Sales Value (in Million US$), 2022-2027 Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Cloud Kitchen market in terms of revenue. 2.3.1 Primary Sources 9.2.2 Japan 9.2.1 China Moreover, a rise in the number of food trucks and caterers that use storage space and free time slots of restaurant facilities is expected to drive the segment growth. 14.3.11.1 Company Overview Experts predict the food delivery service market to grow from $107.44 billion in 2019 to $111.32 billion in 2020, to $154.34 billion in 2023 a 43.6% increase in only four years. By setting the right metrics, conducting descriptive, diagnostic and predictive analysis using analytical tools, one can improve Cloud Kitchen performance in areas like marketing and operation. In our online delivery report we found that, 67% of restaurants would prefer opening a cloud-kitchen over a dine-in as their next outlet. The independent cloud kitchen segment held the largest revenue share in 2020, accounting for around 60% of the overall cloud kitchen market. The market is fragmented with the presence of several large and small restaurateurs operating using the delivery-only model service. 9.2.3.1 Market Trends 14.3.2.2 Product Portfolio 9.2.5 Australia Another proxy for demand can be ads click-through-rate (CTR). 6.1 Independent Cloud Kitchen 14.3.9.2 Product Portfolio This drives us to provide you with custom or syndicated research reports. TO KNOW HOW COVID-19 PANDEMIC AND RUSSIA UKRAINE WAR WILL IMPACT THIS MARKET - REQUEST SAMPLE. I ruined my familys finances by withdrawing from my 401(k) to buy a house and I regret it. Zomato - The Cloud Kitchen. Global Cloud Kitchen Market to Reach US$ 112.53 Billion by 2027, Bolstered by Growing Popularity of Online Food Delivery Services. 9.3.6.2 Market Forecast Market Analysis and Insights: Global Cloud Kitchen Market . The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Cloud Kitchen market. 10.2 Strengths Moreover, hectic life schedule and rise . 9.3.3 United Kingdom 10.5 Threats According to this report titled, 'Cloud Kitchen Market by Type, Product Type, and Nature: Global Opportunity Analysis and Industry Forecast, 2021-2030,'cloud kitchen market was valued at $29.4 billion in 2020, and is estimated to reach $112.7 billion by 2030, growing at a CAGR of 13.12% from 2021 to 2030. 7. Cloud Kitchen Market : A Comprehensive Analysis of the Global Industry from 2023 to 2028, Including Size, Share, Growth, and Trends Published: Jan. 10, 2023 at 5:00 a.m. Restaurants like Faasos, Box8, Innerchef, Freshmenu, Kabuliwala and Holachef are also exploring the concept of . Manager total branch data and analysis for a given time frame. 14.3.5.2 Product Portfolio A cloud kitchen is a . The increasing trend of cloud kitchens across countries such as China and India is driving the regional market. Figure 78: Middle East and Africa: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 1. Figure 13: Global: Cloud Kitchen (Kitchen Pods) Market Forecast: Sales Value (in Million US$), 2022-2027 By looking at the past 5 years data of USD to INR we see that from January 2018 there has been a significant deprecation in rupee and since mid-2020s rupee kept being quite volatile. Based on the type, the global cloud kitchen market can be segmented into independent cloud kitchen, commissary/shared kitchen, and kitchen pods. The flexibility of operating ghost kitchens from any location, ranging from parking spaces and warehouses to basements, is another key factor adding to the popularity of cloud kitchens. Source. The competition in the market is intensifying with a rise in several individual restaurant operators seeking to enter the food industry with limited investments. Data analytics can be powerful in improving Cloud Kitchen performance by setting the right metrics, conducting descriptive, diagnostic and predictive analysis using analytical tools. 6 Market Breakup by Type 9.5.1 Market Trends However, choosing the right rental space, that is, ensuring that there is proper sanitation, water supply and maintenance is very crucial. 9.4 Latin America 9.3.1 Germany 9.3.7.1 Market Trends The use of a cloud kitchen POS makes it both convenient and more revenue-generating for your brand. Copyright 2023 Grand View Research, Inc. All rights reserved. Figure 22: Global: Cloud Kitchen (Mexican and Asian Food) Market: Sales Value (in Million US$), 2016 & 2021 Data Analysis in the Cloud introduces and discusses models, methods, techniques, and systems to analyze the large number of digital data sources available on the Internet using the computing and storage facilities of the cloud. 9.2.5.2 Market Forecast The study includes market share analysis and profiles of players such as Dahmakan (Pop Meals), DoorDash, Kitchen United, Kitopi, Rebel Foods, Zuul Kitchens, Inc., Starbucks Coffee Company, Ghost . 6.1.2 Market Forecast Table 2: Global: Cloud Kitchen Market Forecast: Breakup by Type (in Million US$), 2022-2027 Key factors that are driving the cloud kitchen market growth include increasing consumer preference for online food services over dining experiences and the increased profit margin of the virtual kitchen business in comparison to dining restaurants. Heres where. Here's a quick idea on what a cloud, (dark, ghost or virtual) Kitchen is. 2.4.2 Top-Down Approach . 7.5.1 Market Trends The model can be used by start-ups to create 5 years projections along with the construction/setup phase. The Model can be used for creating a business plan for any size of the business by using a combination of revenue from: 1. Which region is dominating the Cloud Kitchen market growth? 9.3.4 Italy Choosing the right rental space. The rising demand for online food delivery services has encouraged several restaurateurs have opened cloud kitchen outlets to serve customers and generate orders. "Cloud Kitchen Market" Research Report explains how the market growth has been unfolding over the recent past and what would be the future market projections during the anticipated period from 2023 to 2028. Figure 68: Latin America: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 The franchised segment dominated the cloud kitchen market in 2020, accounting for more than 60% of the revenue share. However, in terms of the number of companies, Zomato appears to be in serious trouble! What is the expected growth rate of the global cloud kitchen market during 2022-2027? 9.1 North America 70% of the average restaurants monthly revenue decrease, and staff focuses on. Apart from your own site/app, you can also consider geo-spatial data, spotting locations where a lot of latent demand already in terms of food delivery app installs, searches, and orders places. These insights are included in the report as a major market contributor. A Cloud Kitchen that has been operated for a relatively long period of time can use its past order data to build time series models and forecast demand. Figure 47: Australia: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Figure 43: India: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 9.2.3 India 9.3.5.2 Market Forecast Factors such as the increasing buying power of consumers, access to several digital touchpoints, and a rise in demand for fast foods are favoring the development of ghost kitchens in the region. Please fill out the form below for a free PDF report sample & 6.2.1 Market Trends You can also contact MarketWatch Customer Service via our Customer Center. Cloud Kitchen Market research report 2028 has been accomplished by experienced and well-informed market analysts and researchers at MarkNtel Advisors.Along with market maturity analysis, concentration, and scope of development across the region, essential parameters including market size, revenue analysis, market value, and quantity are also described. 9.4.2.2 Market Forecast 5. 9.2.1.1 Market Trends Table 5: Global: Cloud Kitchen Market Forecast: Breakup by Region (in Million US$), 2022-2027 14.3.4 Kitopi b. Complimentary 10 hours free analyst time for market review, 3. The standalone segment is expected to register a significant CAGR over the forecast period. Figure 42: India: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 9.3.2 France 7 Market Breakup by Product Type 9.1.1 United States Figure 66: Others: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 Furthermore, the rising demand for digital ordering solutions favors market growth. 14 Sep, 2022, 03.26 PM IST. A cloud kitchen's labor force consists of head chefs, sous chefs, dishwashers, managers, and delivery drivers. Figure 65: Russia: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Figure 3: Global: Cloud Kitchen Market Forecast: Sales Value (in Billion US$), 2022-2027 As soon as the order is received, it gets updated in the KDS. Consequently, food businesses, including delivery-optimized restaurants, meal prep companies, caterers, and packaged food producers, worldwide are shifting to cloud kitchens to maintain business continuity and deliver food without added overhead or hassle. 9.2.5.1 Market Trends 14.3.10.1 Company Overview With this model, they can sell each cuisine type with a separate brand name without being worried about the extra costs of a different physical setup for each brand. What are the key factors driving the global cloud kitchen market? However, if a Cloud Kitchen is just built, or its under special situations like COVID where the ordering trend and patterns are so different that you cant make sense of it by using the previous models, you can start by considering the metrics from supply and demand side for a good approximation. 7.3.1 Market Trends Some of the major players in the global cloud kitchen market include CloudKitchens, DoorDash Inc., You can consider using a typical food delivery app funnel (i.e. My brother died 10 months later. In summary, Cloud kitchens marry academic operation principles with state-of-the-art technology to generate rich insights using data analytics resulting in an Airbnb like model in the food space . Pay attention to the metric if it gives you a low number, which indicates supply problems instead of demand problems. Market Analysis and Insights: Global Cloud Kitchen Market. 9.4.3 Others Ltd., Rebel Foods, Starbucks Coffee Company, Swiggy, and Toast Inc. 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