In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. Figure 12: Global: Cloud Kitchen (Kitchen Pods) Market: Sales Value (in Million US$), 2016 & 2021 7.5 Mexican and Asian Food Figure 36: Asia-Pacific: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 Cloud Kitchen Market - Competitive Analysis: Who are the Leading Key Players Operating In this Market? Figure 13: Global: Cloud Kitchen (Kitchen Pods) Market Forecast: Sales Value (in Million US$), 2022-2027 Figure 53: Europe: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Global cloud kitchen market was valued at USD 700 Million in 2018 and is expected to grow at a CAGR of 17.25% through the forecast period (2017-2030). CloudKitchens, DoorDash Inc., Kitchen United, Kitopi, Lightspeed Commerce Inc., PAR Technology Corporation, POSist Technologies Pvt. 9.3.6.1 Market Trends 6.3.2 Market Forecast The most important role in the advent of cloud kitchens has been played by food aggregators. Furthermore, an efficient cloud kitchen incorporates data analysis and supply chain management to generate forecasts and projections, decreasing food waste and stock out. Cloud layer gathers all sensory data which are heterogeneous in nature and uses datamining algorithms to . 14.3.9.1 Company Overview 70% of the average restaurants monthly revenue decrease, and staff focuses on. Aussie technical support and expertise backed by over 30 years of experience, industry knowledge, training and ongoing commitment to our customers.As a former Telstra enterprise solutions partner, Cloud Kitchen is the logical choice to provide scalable whole-of-business solutions across all areas of Voice, Data, Internet, Mobility, Cloud and Business Continuity. 9.3.7 Others 14.3.4 Kitopi Jan 10, 2023 (The Expresswire) -- Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this industry. Figure 69: Latin America: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Figure 19: Global: Cloud Kitchen (Chicken) Market Forecast: Sales Value (in Million US$), 2022-2027 Establishing standalone kitchens as a brand requires time and therefore adoption is less in comparison to franchise stores. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. Table 5: Global: Cloud Kitchen Market Forecast: Breakup by Region (in Million US$), 2022-2027 4.1 Overview Figure 9: Global: Cloud Kitchen (Independent Cloud Kitchen) Market Forecast: Sales Value (in Million US$), 2022-2027 14.3.9.2 Product Portfolio On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market. 8.1 Franchised 9.2.4.2 Market Forecast Innovative cloud kitchens are displacing home eating and will continue to do so. 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. A restaurant with no seating space and no physical store. The franchised segment dominated the cloud kitchen market in 2020, accounting for more than 60% of the revenue share. . 9.4.3 Others 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. This cloud kitchen model is for businesses that offer different types of cuisines. 1. Our support available to help you 24 hours a day, five days a week. It is primarily virtual and is reliant on food delivery apps, website/web portal orders, and/or calls to generate sales. 9.2.5.2 Market Forecast Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. 14.3.9.3 Financials 14.3.10.2 Product Portfolio Too known as virtual kitchen, shared kitchen, phantom kitchen, satellite kitchen. Report Summary. The model can be used by start-ups to create 5 years projections along with the construction/setup phase. It also provides a dashboard overview of the past and present performance of leading companies. Cloud kitchens also have comparatively higher profit margins than dine-in restaurants. The Cloud Kitchen gives restaurants owners flexibility to operate restaurants using the same infrastructure and resources under multiple brand names. Some of the prominent players operating in the global cloud kitchen market are: Revenue in USD million and CAGR from 2021 to 2028, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Latin America; MEA, U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico, 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. The rising demand for online food delivery services has encouraged several restaurateurs have opened cloud kitchen outlets to serve customers and generate orders. Market Overview: The global cloud kitchen market size reached US$ 56.71 Billion in 2021. The services segment is anticipated to have the fastest growth rate of 23.54% of the global cloud kitchen in 2018. Should I ask his son for his share? 9.2.3.1 Market Trends Figure 17: Global: Cloud Kitchen (Pizza and Pasta) Market Forecast: Sales Value (in Million US$), 2022-2027 2.2 Stakeholders Experts predict the food delivery service market to grow from $107.44 billion in 2019 to $111.32 billion in 2020, to $154.34 billion in 2023 a 43.6% increase in only four years. 10.2 Strengths 9.4.2.1 Market Trends As a result, it is gaining traction as an ideal business solution across the globe to meet the emerging food delivery demand of local restaurants and fast-food chains. 14.3.8 Rebel Foods Recognizing the full potential of the market, several food aggregators are investing in such kitchens and introducing several brands as their private labels. 14.3.5 Lightspeed Commerce Inc. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. This website is secure and your personal details are safe. The study includes market share analysis and profiles of players such as Dahmakan (Pop Meals), DoorDash, Kitchen United, Kitopi, Rebel Foods, Zuul Kitchens, Inc., Starbucks Coffee Company, Ghost . 2. Figure 73: Mexico: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 9.5 Middle East and Africa However, on establishing as a brand, the increase in affluent customers demanding quality food delivery services is encouraging restaurateurs to opt for standalone kitchens. Published by Sandhya Keelery , Mar 29, 2022. Abstract:- Cloud Kitchen is a business space accessible to create food, explicitly for orders or conveyance of the clients. 9.3.2.1 Market Trends This Cloud Kitchen business Plan Model is a perfect tool for a financial feasibility study on launching a food joint. Franklin Junction Kitchen United Nextbite REEF Technology Virturant CloudKitchens Kitopi The Local Culinary Amped Kitchens Fulton Kitchens Just Kitchen Freshlane Panda Selected Keatz Rebel Foods . The independent cloud kitchen segment held the largest revenue share in 2020, accounting for around 60% of the overall cloud kitchen market. Figure 20: Global: Cloud Kitchen (Seafood) Market: Sales Value (in Million US$), 2016 & 2021 We expect the global cloud kitchen market to exhibit a CAGR of 11.50% during 2022-2027. Figure 31: North America: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Apart from Rebel Foods, many other Indian . 10.1 Overview 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. 14.3.11 Toast Inc. Cloud kitchens pride themselves on the reduced budget required to set one up. Rise in number of young populations globally, along with changing taste preference of consumers has raised demand for online food delivery. Figure 4: Global: Cloud Kitchen Market: Breakup by Type (in %), 2021 A good proxy for supply can be #orders. 12.4 Degree of Competition Figure 41: Japan: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 14.3.8.2 Product Portfolio While the growth of Global Cloud Kitchen Market is currently hindered by; Increase in health issues due to consumption of fast food and Competition from fine dining and quick service restaurant (QSRs). Figure 45: South Korea: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Figure 55: Germany: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Global Cloud Kitchen Scope and Market Size. Based on the product type, the global cloud kitchen market has been divided into burger and sandwich, pizza and pasta, chicken, seafood, Mexican and Asian food, and others. Figure 78: Middle East and Africa: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 9.2.1.2 Market Forecast 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 . 2.3 Allows You To Run Restaurants On A Single Cloud Kitchen. 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. 2.4.1 Bottom-Up Approach Food is the common product of traditional restaurants and cloud kitchens. Zomato - The Cloud Kitchen. Comprehensive analysis of factors that will challenge the growth of cloud kitchen market vendors Gain instant access to 17,000+ market research reports. Thus, benefits such as the minimal risk involved in establishing a cloud kitchen and gaining a considerable profit share are expected to drive the growth of the segment. Figure 56: France: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 One Business, Multiple Brands, Single Kitchen Model. The global cloud kitchen market was valued at $29.4 billion in 2020, and is projected to reach $112.7 billion by 2030, growing at a CAGR of 13.12% from 2021 to 2030. Table 1: Global: Cloud Kitchen Market: Key Industry Highlights, 2021 and 2027 To get more information about this market, Request Sample. 2.3 Data Sources Figure 24: Global: Cloud Kitchen (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021 Continually increasing customer preference for online food services over dining experiences and increasing incentives and government schemes regarding online food delivery are the few . COVID-19 The pandemic continues to cause unprecedented disruption across industries worldwide. 14.2 Key Players Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours . 6.2 Commissary/Shared Kitchen Find the highest rated Cloud Kitchen Management software pricing, reviews, free demos, trials, and more. The MarketWatch News Department was not involved in the creation of this content. . of house managers become obsolete. Figure 44: South Korea: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 This report provides a detailed overview of key factors in the Cloud Kitchen Foodservice Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology . The India cloud kitchen market is expected to exhibit a CAGR of 15.45% during 2022-2027. Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. 9.2.4 South Korea Figure 50: Others: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 The use of a cloud kitchen POS makes it both convenient and more revenue-generating for your brand. 14.3.9 Starbucks Coffee Company 8.2 Standalone 9.3.1.2 Market Forecast Figure 54: Germany: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 14.3.2.3 Financials 6.3.1 Market Trends TO KNOW HOW COVID-19 PANDEMIC AND RUSSIA UKRAINE WAR WILL IMPACT THIS MARKET - REQUEST SAMPLE. In the global market, the core manufacturers of cloud kitchen include Franklin Junction, Kitchen United, Nextbite ,REEF Technology, Virturant, CloudKitchens, Kitopi, The Local Culinary, Amped Kitchens, Fulton Kitchens, Just Kitchen, Freshlane, Panda Selected, Keatz and Rebel Foods etc, and the top 15 manufacturers account for about 15% of the market share. After getting the forecasted sales data, its important for the kitchen managers to allocate labor accordingly, maximizing the operation efficiency and minimizing overtime rate. Figure 18: Global: Cloud Kitchen (Chicken) Market: Sales Value (in Million US$), 2016 & 2021 7.6.2 Market Forecast 3 Executive Summary 7.1.1 Market Trends 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 . Moreover, varying degrees of lockdowns and related restrictions in several countries globally have helped the food delivery service model gain increased prominence. Better Efficiency. 9.2.2.2 Market Forecast See for yourself. 2.1 Better Delivery Efficiency. The increasing consumer preference for international cuisines, fast foods, and online ordering is expected to drive the growth of the segment. 9.3.5 Spain 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. 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. Rising disposable incomes and the increased adoption of smartphone applications among millennials are key factors leading to the rise in online food delivery services. Do Twitter Opinions Lead to Great Stock Returns? Data Analytics in Cloud Kitchen. Restaurants are increasingly renting out their kitchen spaces to different food service providers as an additional source of income. A web/app-based ordering system in cloud kitchens allows for more flexibility when it comes to setting up a menu, and its pricing as a dish can easily be discarded based on customer feedback without incurring any printing menu costs. Our report has categorized the market based on type, product type and nature. Source. Figure 29: Global: Cloud Kitchen (Standalone) Market Forecast: Sales Value (in Million US$), 2022-2027 b. Figure 6: Global: Cloud Kitchen Market: Breakup by Nature (in %), 2021 6.2.1 Market Trends 10.4 Opportunities With this model, they can sell each cuisine type with a separate brand name without being worried about the extra costs of a different physical setup for each brand. If you are one of the restaurant business owners at the cloud kitchen vessels, or individuals interested in the cloud kitchen space, you would probably want to have a good understanding of the demand in the area and have a relatively accurate sales forecast to plan accordingly. Aussie technical support and expertise backed by over 30 years of experience, industry knowledge, training and ongoing commitment to our customers. 9.2 Asia-Pacific Which nature segment dominated the cloud kitchen market? 8.2.2 Market Forecast The best part is that a company can customize its restaurant management software . 4. 8.1.2 Market Forecast Cloud kitchens are high-profit, low-risk business ventures for restaurant owners, caterers, food entrepreneurs and other food businesses. 12.1 Overview Figure 35: Canada: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 9.1.2 Canada On the 14th of July 2021, Zomato went public with 9 thousand crores and this is by far one of the biggest and perhaps the most awaited IP0 of 2021. 7.6.1 Market Trends They cover three aspects: demand, supply and operation. My brother died 10 months later. This drives us to provide you with custom or syndicated research reports. For this study, Grand View Research has segmented the global cloud kitchen market report based on type, nature, and region: Type Outlook (Revenue, USD Million, 2017 - 2028), Nature Outlook (Revenue, USD Million, 2017 - 2028), Regional Outlook (Revenue, USD Million, 2017 - 2028). An integrated Kitchen Display System (KDS) will optimize order preparation time. Figure 51: Others: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 10.5 Threats Figure 25: Global: Cloud Kitchen (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027 2 Scope and Methodology Who are the key players in the cloud kitchen market? Restaurants like Faasos, Box8, Innerchef, Freshmenu, Kabuliwala and Holachef are also exploring the concept of . Please fill out the form below for a free PDF report sample & Figure 47: Australia: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Cloud kitchen GMV 2018-2025. Figure 71: Brazil: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 The Model can be used for creating a business plan for any size of the business by using a combination of revenue from: 1. Especially among the women, there has been gradual adoption of working lifestyle . Get a Sample PDF of report -https://www.360researchreports.com/enquiry/request-sample/19891693. 9.3.6.2 Market Forecast 14.3.8.1 Company Overview Furthermore, ghost kitchens allow businesses the opportunity to serve customers directly without the pressure of additional costs and the constantly rising real-estate prices. Figure 30: North America: Cloud Kitchen Market: Sales Value (in Million US$), 2016 & 2021 The growing number of franchised restaurants across the globe is driving the growth of the segment over the forecast period. 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. The independent cloud kitchen segment held the largest revenue share in 2020, accounting for around 60% of the overall market. Technavio's SUBSCRIPTION platform Excel is powerful tool for data analysis. 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. 14.3.2.2 Product Portfolio 11 Value Chain Analysis Furthermore, establishing such restaurants involves fewer risks as the franchisor provides training and support ranging from supplies and equipment to staff training and marketing. "Setting up a cloud kitchen typically requires 1/3rd of the investment required to set up a restaurant on account of lower rental costs. 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. Benefits Of Setting Up A Cloud Kitchen In Singapore. 9.4.1.2 Market Forecast 7 Market Breakup by Product Type 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. The report examines the existing Industry . 8.1.1 Market Trends To get more information on the regional analysis of this market, Request Sample. 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. Asia Pacific, Europe, North America, Latin America, Middle East and Africa, United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico. You can also contact MarketWatch Customer Service via our Customer Center. 9.3.4.1 Market Trends 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). Cloud Kitchen market is segmented by players, region (country), by Type and by Application. 13 Price Analysis Figure 33: United States: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Its Data, Not Reality: On Situated Data With Jill Walker Rettberg, How we added RNN to our Time Series SkillsIn 3 Steps. Browse Detailed TOC, Tables and Figures with Charts which is spread across 115 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector. . The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028. Among these, burger and sandwich exhibits a clear dominance in the market. 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. The set-up cost for a medium-sized cloud kitchen falls around Rs 5 lakh. 4 Introduction Press Release Distributed by The Express Wire, To view the original version on The Express Wire visit Cloud Kitchen Market : A Comprehensive Analysis of the Global Industry from 2023 to 2028, Including Size, Share, Growth, and Trends, COMTEX_422412995/2598/2023-01-10T05:00:39. Global Cloud Kitchen Market to Reach US$ 112.53 Billion by 2027, Bolstered by Growing Popularity of Online Food Delivery Services. Figure 49: Indonesia: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 Data analytics helps Cloud Kitchen in a sense that it solves the business problem at a large scale and at a faster speed. Ltd. These insights are included in the report as a major market contributor. Cloud kitchen management software is a complete, versatile, and dynamic management software that any kind of restaurant can use anywhere. Table 2: Global: Cloud Kitchen Market Forecast: Breakup by Type (in Million US$), 2022-2027 9.2.4.1 Market Trends Cloud kitchens are delivery-only kitchens that may be branded or owned by a third party that works with different brands. A cloud kitchen's labor force consists of head chefs, sous chefs, dishwashers, managers, and delivery drivers. Because in the hospitality and restaurant industry, labor cost takes one of the biggest parts of the cost structure. This is the original cloud kitchen model. Include important information such as your objective, the inspiration for your firm, the company's initial and future plans, and so on. 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. 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. 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. Jain (Deemed-to-be-University), Bangalore, Karnataka, INDIA. 9.2.2 Japan According to a new report published by Allied Market Research, titled, "Cloud Kitchen Market by Type, Product Type and Nature: Global Opportunity Analysis and Industry Forecast, 2021-2027 . ( India: +91 120 433 0800 ). Some well-known cloud-kitchens are Swiggy Access, Kitopi, DoorDash, etc. Increasing consumer preference for online food services over dining experiences is one of the major factors contributing to the market growth. 7. 9.3.4 Italy 6.1.2 Market Forecast Figure 57: France: Cloud Kitchen Market Forecast: Sales Value (in Million US$), 2022-2027 According to an analysis by Redseer, the cloud kitchen market size is expected to reach $2 billion in the next couple of years. Increasing consumer preference for online food services over dining experiences is one of the major factors contributing to the market growth. Copyright 2023 MarketWatch, Inc. All rights reserved. They continue to climb. You can now earn upwards of 4% on a savings account. 9.3.1 Germany What are the factors driving the cloud kitchen market? As a result, labor costs which usually absorb 50-. 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