Cloud Kitchen Market - Key Market Dynamics
- Market Driver - The key factor driving growth in the cloud kitchen market is the advantages of cloud kitchens over traditional restaurants. Cloud kitchens produce food for online delivery. These kitchens are equipped with kitchen equipment and facilities needed for the preparation of food but have no dining area. Cloud kitchens have emerged as a promising business model due to the rapid increase in consumer demand for food delivery. There is a rise in the number of online food orders owing to the emergence of new online platforms. With the increase in penetration of the Internet and the use of mobile applications, many people prefer ordering food through mobile applications and online portals. The adoption of cloud kitchens helps reduce the rent and labor costs incurred by restaurants. Therefore, the advantages of cloud kitchen and the rising demand for online food delivery services are likely to drive the growth of the market during the forecast period.
- Market Challenges - The growing preference for home-cooked food will be a major challenge for the cloud kitchen market during the forecast period. Fast food is perceived to be unhealthy, as it contains added sugar, large amounts of carbohydrates, and unhealthy fats and leads to lifestyle-related diseases such as diabetes and obesity. Hence, health-conscious consumers avoid eating unhealthy food from restaurants and cafeterias and prefer home-cooked food. Home-cooked food has high nutritional value and is fresh and hygienic. The chances of contamination are also low when compared to food from QSRs. Thus, the consumption of home-cooked food is increasing. In addition, home-cooked food is economical when compared to food from cloud kitchens
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Cloud Kitchen Market - Segmentation Analysis
The cloud kitchen market report is segmented by Type (franchised and standalone) and Geography (APAC, North America, Europe, South America, and MEA).
- The cloud kitchen market share growth by the franchised segment will be significant for revenue generation. This model witnessed steady growth during the last few years. Cloud kitchens are commercial facilities that are built to produce food for delivery. These kitchens offer food products of all types under one roof. The rising demand for such kitchens can be attributed to the growth of online food delivery, thereby enabling restaurants to reach a wider population group without the need to build offline premises.
- 59% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for cloud kitchen in APAC. Market growth in this region will be faster than the growth of the market in the European and North American regions. The growth in the number of working people in the region will facilitate the cloud kitchen market growth in APAC over the forecast period.
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Some Companies Mentioned
The cloud kitchen market is fragmented and the vendors are deploying growth strategies such as expanding their geographical presence and entering into long-term partnership contracts with food service providers to provide food delivery services to compete in the market.
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- Bundl Technologies Pvt. Ltd.
- CloudKitchens
- Doordash Inc.
- Kitchen United
- Kitopi Catering Services LLC
- Postmates Inc.
- Rebel Foods Private Ltd.
- Salted
- SBEEG Holdings Licensing LLC
- Zuul Kitchens Inc.
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Cloud Kitchen Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of almost 19% |
Market growth 2020-2024 |
USD 1.18 billion |
Market structure |
Fragmented |
YoY growth (%) |
21.29 |
Performing market contribution |
APAC at 59% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Bundl Technologies Pvt. Ltd., CloudKitchens, Doordash Inc., Kitchen United, Kitopi Catering Services LLC, Postmates Inc., Rebel Foods Private Ltd., Salted, SBEEG Holdings Licensing LLC, and Zuul Kitchens Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Franchised - Market size and forecast 2019-2024
- Standalone - Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Bundl Technologies Pvt. Ltd.
- CloudKitchens
- DoorDash Inc.
- Kitchen United
- Kitopi Catering Services LLC
- Postmates Inc.
- Rebel Foods Private Ltd.
- Salted
- SBEEG Holdings Licensing LLC
- Zuul Kitchens Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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