The global Cloud kitchen market is anticipated to grow at a CAGR of 12.76% during the forecast period (2023-2030). The factors that are driving this market are rising demand for online food delivery, increasing number of working professionals and expansion of the food and beverage industry.
In April 2023, Curefoods, multi brand cloud kitchen chain in India, has raised Rs3bn ($36.6m) in a combined equity and debt funding round to expedite its growth. The fundraise was led by Three State Ventures, a fund of Flipkart co-founder Binny Bansal. IronPillar, Chiratae Ventures, ASK Finance and Winter Capital, were the other investors who participated in the funding round. Currently, Curefoods operates in 200 locations that are located in 15 cities, which are serviced by more than seven food factories, and 150 multi-brand cloud kitchens, according to the news publication.
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Prominent companies influencing the Cloud Kitchen Market landscape include:
Dahmakan, Kitchen United, DoorDash, Inc., Zuul Kitchens, Inc., Kitopi Catering Services LLC, City Storage Systems LLC, CloudKitchens, Zomato, Keatz GmbH, KITCHEN MANTRA, Franklin Junction, Nextbite Brands LLC., REEF TECHNOLOGY INC., Virturant Brands, Rebel Foods Private Limited, Ghost Kitchen Orlando, Pop Meals, Swiggy, Starbucks Corporation and other major players.
Regional Analysis of Cloud Kitchen Market
The market in North America is estimated to observe noteworthy growth over the forecast period on the back of the rising buying power of consumers, coupled with their access to several digital touchpoints. In addition, growing consciousness levels regarding the benefits of cloud kitchens among foodservice operators are encouraging many franchised store outlets to establish cloud kitchens, which in turn is also expected to hasten the market growth in the region in the coming years. Furthermore, one of the key factors promoting the expansion of the regional cloud kitchen market is the high rate of new technology adoption in this region. Additionally, this area is home to many technological behemoths who are setting new market trends. The regional cloud kitchen market is anticipated to grow faster as a result of the presence of major industry participants in this area. Additionally, the popularity of online food ordering among consumers is encouraging more restaurant owners to start their enterprises with low startup costs.
Regional insights regarding the Cloud Kitchen Market are primarily covered in the region-specific sections, including:
- North America
- South America
- Asia Pacific
- Middle East and Africa
- Europe
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Market Segmentation Analysis is a crucial component, categorizing the Cloud Kitchen Market based on type, product, end-user, and more, facilitating a precise market description.
Market Segmentation:
By Type
- Independent
- Shared Kitchen
- Kitchen Pods
By Nature
- Standalone
- Franchised
By Deployment Mode
- Web
- Mobile
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Key Features of the Report:
- Competitive Analysis: Gain a comprehensive understanding of the evolving Cloud Kitchen Market competitive landscape to effectively adapt and strategize.
- Forward Perspective: Discover what is driving or inhibiting market growth from a forward-looking perspective.
- Product Segmentation: Identify key product segments and their growth potential to align your strategies with Cloud Kitchen Market trends.
- Informed Decision Making: Deepen your understanding of the market and its segments to make well-informed business decisions.
Conclusion
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This report addresses a wide range of industry participants, from seasoned experts seeking to learn about the dynamic Cloud Kitchen Market to newcomers looking for guidance. Customization options are available to meet specific needs and ensure relevance to various target audiences.
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