Stratistics MRC’s Global Cloud Kitchen Market value is expected to reach $161.76 billion growing at a CAGR of 13.8% during 2023-2030.
Cloud kitchens, also known as virtual or ghost kitchens, are much less expensive to operate than traditional kitchens in dine-in restaurants because they do not need dine-in facilities or take into account costs related to property and location. In comparison to dine-in restaurants, cloud kitchens also have higher profit margins. Moreover, the ability to operate ghost kitchens from any location, including parking lots, warehouses, and basements, is another important aspect that contributes to the popularity of cloud kitchens.
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During the anticipated period, the cloud kitchen market will grow at the highest CAGR in the Middle East and Africa region. This expansion is explained by factors such as growing middle-class populations, rising smartphone penetration, and a shift in consumer preferences toward contactless and convenient dining experiences. Cloud kitchens have found fertile ground for rapid expansion as the area embraces digital technology and online food delivery, offering a wide range of culinary options to a diverse and dynamic customer base. However, the Middle East and Africa region is experiencing the highest expansion in the cloud kitchen industry due to a confluence of favorable demographics and a developing digital ecosystem.
Some of the key players in Cloud Kitchen market include Zomato, Kitchen United, Farm To Fork Sdn. Bhd., Kitopi, Starbucks Coffee Company, Dahmakan, ParTech Inc, Wingstop Inc., All Day Technologies Inc., Toast Inc., Swiggy, Zuul Kitchens, Inc, Food Haven Technologies Inc., Rebel Foods Pvt. Ltd., CloudKitchens, DoorDash Kitchen, Kouzina Food Tech Pvt Ltd., Ghost Kitchen Orlando, The Kroger Co and Uber Technologies Inc.
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Key Developments:
In July 2023, Swiggy has acquired Lynk Logistics by buying a stake from Ramco Group. Lynk will continue to operate as an independent business post the acquisition led by co-founder and CEO Shekhar Bhende. With this acquisition, Swiggy enters India’s food and grocery retail market.
In June 2023, Toast, a digital technology platform catering to restaurants, has announced an exciting agreement with Marriott International. This agreement will allow Toast for Hotel Restaurants technology to be accessible to food and beverage outlets within Marriott’s Select service hotels located in the United States and Canada.
In October 2022, Starbucks announced it plans to sell the Seattle’s Best Coffee brand to Nestlé, with which the company established the Global Coffee Alliance in 2018. This transaction will further strengthen the Global Coffee Alliance by allowing both companies to focus on their core strengths.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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