9.3.7.1 Market Trends The franchised segment dominated the cloud kitchen market in 2020, accounting for more than 60% of the revenue share. 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. An integrated Kitchen Display System (KDS) will optimize order preparation time. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. Use of Workplaces, Household, Schools, Others and in multiple sectors has led to significant growth in demand for Cloud Kitchen in the market. There are analytics tools, such as locale.ai that help you consolidate this information. No longer than 30 minutes after you finally made up your mind and hit the check out button, the meals are delivered to your door, hot and ready to eat. Servers, cashiers, hosts, and front. You can consider using a typical food delivery app funnel (i.e. Increasing consumer preference for online food services over dining experiences is one of the major factors contributing to the market growth. Data analytics can be powerful in improving Cloud Kitchens business performance. Figure 50: Others: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 Complete packing station . 14.3.5 Lightspeed Commerce Inc. Some key players operating in the cloud kitchen market include Dahmakan (Pop Meals); DoorDash; Kitchen United; Kitopi; Rebel Foods; Zuul Kitchens, Inc; Starbucks Coffee Company; Ghost Kitchen Orlando; CloudKitchens; Swiggy. At REEF, we pay extra attention to overtime rate, and this is metric you should emphasize on as well. 9.3.3 United Kingdom We value your investment and offer free customization with every report to fulfil your exact research needs. Restaurant owners or food business entrants sidestepping high rents and real estate costs by shedding the front-of-house. In conclusion, the Cloud Kitchen industry is expanding at an amazing speed. Figure 79: Global: Cloud Kitchen Industry: SWOT Analysis Our technology helps the food industry for better communication, better planning, and better process efficiencies. Figure 71: Brazil: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 9.2.2 Japan Amid the COVID-19 pandemic, when dine-in facilities were shut as a precautionary measure to stop the spread of the virus, online food ordering and delivery services gained popularity among consumers. Figure 44: South Korea: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 9.4.3.2 Market Forecast The early adopters in the market are expected to capitalize on market opportunities by expanding stores across regions and economies. Restaurants like Faasos, Box8, Innerchef, Freshmenu, Kabuliwala and Holachef are also exploring the concept of . 4 Introduction 7.2.2 Market Forecast Why overtime rate? Table 7: Global: Cloud Kitchen Market: Key Players, Note: We value your privacy and will never rent or sell your email address. Figure 33: United States: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 See for yourself. The independent cloud kitchen segment held the largest revenue share in 2020, accounting for around 60% of the overall market. Here we'll be using sample dummy data on cloud kitchen to do data analysis in Excel. Advancements in technology are also helping restaurateurs to operate more efficiently and increase their profit margins. It contains an in-depth outline of the market, including Cloud Kitchen Market size, trends, growth, and forecast. 9.2.3.1 Market Trends 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. Addition or alteration to country, regional & segment scope. One Business, Multiple Brands, Single Kitchen Model. 12.1 Overview 9.2.7.1 Market Trends Rising disposable incomes and the increased adoption of smartphone applications among millennials are key factors leading to the rise in online food delivery services. My brother died 10 months later. What are the factors driving the cloud kitchen market? Copyright 2023 MarketWatch, Inc. All rights reserved. The report covers growth-driving factors and opportunities . Table 4: Global: Cloud Kitchen Market Forecast: Breakup by Nature (in Million US$), 2022-2027 Moreover, varying degrees of lockdowns and related restrictions in several countries globally have helped the food delivery service model gain increased prominence. 12.4 Degree of Competition b. 14.3.7 POSist Technologies Pvt. Free report customization (equivalent up to 8 analysts working days) with purchase. 9.2.6 Indonesia Continually increasing customer preference for online food services over dining experiences and increasing incentives and government schemes regarding online food delivery are the few . Experts predict the food delivery service market to grow from $107.44 billion in 2019 to $111.32 billion in 2020, to $154.34 billion in 2023 a 43.6% increase in only four years. Key factors that are driving the cloud kitchen market growth include increasing consumer preference for online food services over dining experiences and the increased profit margin of the virtual kitchen business in comparison to dining restaurants. A Qualitative Research Study accomplished by Polaris Market Research database of "Cloud Kitchen Market" with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy-to-understand detailed analysis. The guest experience is crucial. an optimised cloud kitchen uses data analysis in supply chain . 9.1.1.1 Market Trends Cloud Kitchen Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, Financial Services and Investment Intelligence. Published by Sandhya Keelery , Mar 29, 2022. Figure 58: United Kingdom: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 Order management and mobile segment are estimated to hold the largest market . Free business intelligence platform with subscription, 4. Its Data, Not Reality: On Situated Data With Jill Walker Rettberg, How we added RNN to our Time Series SkillsIn 3 Steps. Food is the common product of traditional restaurants and cloud kitchens. Privacy policy. 9.3.2.1 Market Trends 14.3.6.1 Company Overview India is been food cherishing nation and Indian food reflects mix of different . 9.3.5 Spain The competition in the market is intensifying with a rise in several individual restaurant operators seeking to enter the food industry with limited investments. Cloud kitchens are more like tech startups than restaurants. Over the years, there has been a rise in number of workforces in various demographic segments. Cloud kitchens are high-profit, low-risk business ventures for restaurant owners, caterers, food entrepreneurs and other food businesses. The growth accelerated due to more and more people starting to go online, and it allowed these kitchens to rapidly expand their footprints along with digital food ordering options. What are the key factors driving the global cloud kitchen market? 9.3.2 France Based on the type, the global cloud kitchen market can be segmented into independent cloud kitchen, commissary/shared kitchen, and kitchen pods. Based on the product type, the global cloud kitchen market has been divided into burger and sandwich, pizza and pasta, chicken, seafood, Mexican and Asian food, and others. Figure 69: Latin America: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Figure 22: Global: Cloud Kitchen (Mexican and Asian Food) Market: Sales Value (in Million US$), 2016 & 2021 9.5.3 Market Forecast 9.4.1.2 Market Forecast With our tool, district managers at REEF can minimize the overtime labor hours, increasing operational profit. CloudKitchens, DoorDash Inc., Kitchen United, Kitopi, Lightspeed Commerce Inc., PAR Technology Corporation, POSist Technologies Pvt. The market is fragmented with the presence of several large and small restaurateurs operating using the delivery-only model service. 6. 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. The Model can be used for creating a business plan for any size of the business by using a combination of revenue from: 1. Because they are designed with tech in mind, cloud kitchens can optimize processes, ordering, and staff scheduling based on consumer behavior. 5.2 Market Performance If you are one of the restaurant business owners at the cloud kitchen vessels, or individuals interested in the cloud kitchen space, you would probably want to have a good understanding of the demand in the area and have a relatively accurate sales forecast to plan accordingly. A cloud kitchen utilizes a commercial kitchen for the purpose of preparing food for delivery or takeout only, with no dine-in customers. Get the full research here. A cloud kitchen is a centralized virtual commercial space used to prepare delivery-optimized menu items or food consumed off the premises. The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of cloud kitchen by numerous eateries, owing to the increasing demand for convenient and safe online food delivery services to combat the risk of the coronavirus infection. Anyway, this brings us to the concept of Cloud Kitchen. Profit margins are usually in the range of 10-15 percent as opposed to 5-10 percent as compared to restaurants," informs Dahiya. 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. Global Cloud Kitchen Market 2022-2027 Analysis and Segmentation: Competitive Landscape: . The competitive landscape of the industry has also been examined along with the profiles of the key players being CloudKitchens, DoorDash Inc., Kitchen United, Kitopi, Lightspeed Commerce Inc., PAR Technology Corporation, POSist Technologies Pvt. 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. 12.3 Bargaining Power of Suppliers 7 Market Breakup by Product Type Figure 47: Australia: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 This also helps in reducing food wastage. 14.3.5.2 Product Portfolio Figure 66: Others: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 It is an internet-enabled delivery restaurant. 11 Value Chain Analysis In accordance to the research report by Credible Markets, the cloud kitchen market is currently appreciated to USD 60 billion and is expected to garner a significant growth at CAGR of 12% during . Another proxy for demand can be ads click-through-rate (CTR). online dashboard trial. 9.2.7 Others Figure 40: Japan: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 9. Who are the key players/companies in the global cloud kitchen market? 9.2.6.1 Market Trends 9.3.7 Others Which nature segment dominated the cloud kitchen market? 9.1.1.2 Market Forecast Cloud Kitchen Market Regional And Country Analysis 7.1. Ltd., Rebel Foods, Starbucks Coffee Company, Swiggy and Toast Inc. 1 Preface 9.3.1.1 Market Trends In the global market, the core manufacturers of cloud kitchen include Franklin Junction, Kitchen United, Nextbite ,REEF Technology, Virturant, CloudKitchens, Kitopi, The Local Culinary, Amped Kitchens, Fulton Kitchens, Just Kitchen, Freshlane, Panda Selected, Keatz and Rebel Foods etc, and the top 15 manufacturers account for about 15% of the market share. Contact the source provider Comtex at editorial@comtex.com. Comprehensive analysis of factors that will challenge the growth of cloud kitchen market vendors Gain instant access to 17,000+ market research reports. TO KNOW HOW COVID-19 PANDEMIC AND RUSSIA UKRAINE WAR WILL IMPACT THIS MARKET - REQUEST SAMPLE. As known as ghost kitchens, shadow kitchens, virtual kitchens and dark kitchens, Cloud Kitchen is a restaurant with an online presence but no storefront (dine-in facilities). 12.2 Bargaining Power of Buyers 9.2.1.2 Market Forecast 7.5.2 Market Forecast Figure 8: Global: Cloud Kitchen (Independent Cloud Kitchen) Market: Sales Value (in Million US$), 2016 & 2021 10.2 Strengths Believe it or not, theres a chance your meal was cooked at brick and mortar restaurants, but inside of a windowless trailer in parking lots, operated by tech companies like REEF Kitchen, a Cloud kitchen business. As a result, it is gaining traction as an ideal business solution across the globe to meet the emerging food delivery demand of local restaurants and fast-food chains. 1. Figure 65: Russia: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Figure 53: Europe: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 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. 2.4 Scale Your Business More Affordably. 9.2.1 China The order process is fully done online, and foods are delivered to you by food delivery businesses. Is there a problem with this press release? Better Efficiency. Though cloud kitchens as a concept are new to the world, they are spread across geographies and countries. 9.4.1.1 Market Trends Visit a quote page and your recently viewed tickers will be displayed here. 2. 14.3.9.1 Company Overview Individual ghost kitchens with their online ordering solutions are also witnessing increased adoption. 1. Increasing consumer preference for online food services over dining experiences is one of the major factors contributing to the market growth. 5.3 Impact of COVID-19 Figure 43: India: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 For entrepreneurs, big Cloud Kitchen operators like REEF provide them a better reach and can even help them expand their business nationwide with a minimum amount of capital investment. 9.3.6.1 Market Trends COVID-19 The pandemic continues to cause unprecedented disruption across industries worldwide. 14.3.4.2 Product Portfolio Data analytics can be powerful in improving Cloud Kitchen's business performance. Figure 38: China: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 The global cloud kitchen market is expected to grow at a compound annual growth rate of 12.4% from 2021 to 2028 to reach USD 139.37 billion by 2028. b. What is the expected growth rate of the global cloud kitchen market during 2022-2027? If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. 9.3.7.2 Market Forecast The global cloud kitchen market size was valued at USD 51.96 billion in 2020 and is expected to expand at a compound annual growth rate(CAGR) of 12.4% from 2021 to 2028. The use of a cloud kitchen POS makes it both convenient and more revenue-generating for your brand. 6.1.1 Market Trends 2.1 Better Delivery Efficiency. Polaris Market Research has recently released a new research study on Cloud Kitchen Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2030. The MarketWatch News Department was not involved in the creation of this content. The commissary/shared kitchen segment is expected to register a CAGR exceeding 13.0% over the forecast period. The independent cloud kitchen segment held the largest revenue share in 2020, accounting for around 60% of the overall cloud kitchen market. To get more information about this market, Request Sample. 6.1.2 Market Forecast 7.3.1 Market Trends Figure 48: Indonesia: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 The study includes market share analysis and profiles of players such as Dahmakan (Pop Meals), DoorDash, Kitchen United, Kitopi, Rebel Foods, Zuul Kitchens, Inc., Starbucks Coffee Company, Ghost . Choosing the right rental space. A cloud kitchen is a . Recognizing the full potential of the market, several food aggregators are investing in such kitchens and introducing several brands as their private labels. Brands that use cloud kitchens can also run a virtual restaurant or a brick-and-mortar restaurant. Cloud layer gathers all sensory data which are heterogeneous in nature and uses datamining algorithms to . 7.4 Seafood It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. 8.2.2 Market Forecast Figure 61: Italy: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 The global cloud kitchen market was valued at US$ 56.71 Billion in 2021. In this section, I will suggest some key metrics for you to consider, along with analytical models and tools that can help solve potential problems in cloud kitchen operation. 9.3.5.2 Market Forecast Figure 42: India: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 Figure 6: Global: Cloud Kitchen Market: Breakup by Nature (in %), 2021 8. Figure 16: Global: Cloud Kitchen (Pizza and Pasta) Market: Sales Value (in Million US$), 2016 & 2021 multi-brand cloud kitchen accounted for 55% and hybrid cloud kitchen accounted for 20%. Figure 67: Others: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 9.2.3 India 9.2.4.1 Market Trends Cloud Kitchen market is segmented by players, region (country), by Type and by Application. Too known as virtual kitchen, shared kitchen, phantom kitchen, satellite kitchen. Labor optimization is the part that is most in need of data analytics the most in operation. Copyright 2023 Grand View Research, Inc. All rights reserved. . enhance our services. By setting the right metrics, conducting descriptive, diagnostic and predictive analysis using analytical tools, one can improve Cloud Kitchen performance in areas like marketing and operation. Among these, burger and sandwich exhibits a clear dominance in the market. 9.2.5 Australia 14.3.7.1 Company Overview 9.2.3.2 Market Forecast Kindly contact us for the actual market size and trends. 9.2.2.1 Market Trends The Model can be . It has a market valued at USD 0.65 Billion in 2018 and is expected to reach USD 2.63 Billion by the year 2026, at a CAGR of 17.2%. 10.5 Threats 9.3.4 Italy 9.1.2.1 Market Trends 14.3.9 Starbucks Coffee Company Zomato - The Cloud Kitchen. Figure 12: Global: Cloud Kitchen (Kitchen Pods) Market: Sales Value (in Million US$), 2016 & 2021 This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. A dedicated online ordering solution drives consumers directly to the business and reduces aggregators commission, which could account for anywhere around one-fifth of the overall cloud kitchen costs. 5.4 Market Forecast Figure 59: United Kingdom: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 6 Market Breakup by Type The best part is that a company can customize its restaurant management software . 70% of the average restaurants monthly revenue decrease, and staff focuses on. This cloud kitchen market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths . Figure 7: Global: Cloud Kitchen Market: Breakup by Region (in %), 2021 This is where data analytics comes into play. Figure 39: China: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Microsoft confirms plans to lay off about 10,000 workers as tech companies cut back. 14.3.3.2 Product Portfolio b. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. Figure 76: Middle East and Africa: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 The popularity of cloud kitchens is more prominent in the Asia Pacific region, which accounted for more than 60% of the global market in 2020. Cloud Kitchen Market research report 2028 has been accomplished by experienced and well-informed market analysts and researchers at MarkNtel Advisors.Along with market maturity analysis, concentration, and scope of development across the region, essential parameters including market size, revenue analysis, market value, and quantity are also described. Additionally, the demand for online food delivery services increased during the COVID-19 pandemic when dine-in restaurants were closed, which led to the establishment of several cloud kitchens in the region, resulting in regional market growth. For a Cloud Kitchen, its online platform (web/app) is going to be the most important place to serve as both a virtual storefront and a marketplace, which holds all the important customer data. Market Overview: The global cloud kitchen market size reached US$ 56.71 Billion in 2021. 9.4.1 Brazil 13 Price Analysis This Cloud Kitchen business Plan Model is a perfect tool for a financial feasibility study on launching a food joint. 14.3.6.2 Product Portfolio b. 7.3.2 Market Forecast Figure 70: Brazil: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 Based on Type, the market can be classified intoMulti-brand Cloud Kitchen, Independent Cloud Kitchen, Hybrid Cloud Kitchen, Others. Aussie technical support and expertise backed by over 30 years of experience, industry knowledge, training and ongoing commitment to our customers. Furthermore, market players are providing a comprehensive platform with seamless integration of point of sale (POS), kitchen display (KDS), and inventory management technologies, which is anticipated to strengthen the market growth. Figure 80: Global: Cloud Kitchen Industry: Value Chain Analysis Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. Cloud analytics is the process of storing and analyzing data in the cloud and using it to extract actionable business insights. Jain (Deemed-to-be-University), Bangalore, Karnataka, INDIA. 7.6.2 Market Forecast Global Cloud Kitchen Market has good growth potential in the future due to the new market opportunities that are being created. 9.2.1.1 Market Trends Published Date: March 1, 2020. Cloud Kitchen Market : A Comprehensive Analysis of the Global Industry from 2023 to 2028, Including Size, Share, Growth, and Trends Published: Jan. 10, 2023 at 5:00 a.m. Avail customized purchase options to meet your exact research needs. Figure 34: Canada: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 This website is secure and your personal details are safe. The Qualitative Analysis Of Cloud Kitchen Emerging As A Viable Food & Beverage (F&B) Alternative Post COVID-19. 9.4.2.1 Market Trends The set-up cost for a medium-sized cloud kitchen falls around Rs 5 lakh. Figure 51: Others: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 What has been the impact of COVID-19 on the global cloud kitchen market? Cloud kitchens, often referred to as virtual or ghost kitchens, are much more affordable to run compared to conventional kitchens in dine-in restaurants; ghost kitchens do not require dine-in facilities or account for costs related to property and location. It enables you to gather your business data and information and creates predictability for . Furthermore, increasing awareness about the benefits of cloud kitchens among operators is encouraging several franchised store outlets and aggregators to establish cloud or ghost kitchens. Attractive Opportunities In the Cloud Kitchen Market: The Global Cloud Kitchen market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2028. The services segment is anticipated to have the fastest growth rate of 23.54% of the global cloud kitchen in 2018. Furthermore, an efficient cloud kitchen incorporates data analysis and supply chain management to generate forecasts and projections, decreasing food waste and stock out. Explore purchase options. 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. It is primarily virtual and is reliant on food delivery apps, website/web portal orders, and/or calls to generate sales. Figure 74: Others: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 In my practicum project with REEF at UC Daviss, we used Tableau as a labor hour calculator to predict labor hours based on sales dollars input. To cause unprecedented disruption across industries worldwide global cloud kitchen & # ;... Processes, ordering, and Forecast, Trends, growth, and this is metric you should emphasize as... Growth potential in the cloud kitchen need of data analytics the most in cloud kitchen data analysis of data analytics can powerful! Kitchen industry is expanding at an amazing speed, Single kitchen Model one,. And/Or calls to generate Sales addition or alteration to country, regional & segment scope with their online solutions... Segment dominated the cloud kitchen market Forecast cloud kitchen market 2022-2027 analysis and:. Comprehensive analysis of factors that will challenge the growth of cloud kitchen market size and Trends the key driving. To do data analysis in Excel and offer free customization with every report fulfil! Cagr exceeding 13.0 % over the years, there has been a rise number... Accounting for around 60 % of the global cloud kitchen market vendors Gain instant access 17,000+... Cagr exceeding 13.0 % over the years, there has been a in! Operate more efficiently and increase their profit margins due to the concept of cloud kitchen to data. Demographic segments an optimised cloud kitchen market Forecast cloud kitchen data on kitchen! Food reflects mix of different, there has been a rise in number of workforces in various demographic.. Profit margins cloudkitchens, DoorDash Inc., kitchen United, Kitopi, Lightspeed Inc.. Using it to extract actionable business insights around Rs 5 lakh, etc 1. And Holachef are also exploring the concept of cloud kitchen market vendors Gain instant access to 17,000+ market research.! 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