A comprehensive overview of the Cloud Kitchens market is recently added by UnivDatos Market Insights to its humongous database. The Cloud Kitchens market report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Cloud Kitchens market. The Cloud Kitchens market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Cloud Kitchens market at the global and regional levels. Global Cloud Kitchens Market is expected to reach the market valuation of USD 112.5 billion by 2027 expanding at a reasonable CAGR of 15.1% during the forecast period (2021-2027).
The Global Cloud Kitchens Market is experiencing significant growth owing to increasing number of social media uses and rise in internet penetration globally. In 2020, there are 3.96 billion people using social media globally, representing 10.9% increase form 3.48 billion in 2019. Also, in 2015, there were only 2.07 billion users. Various companies and industries use social media marketing as one of their primary techniques for promoting their product offers. As a result, the increase in social media users is expected to create a lucrative potential for the cloud kitchen market to grow and expand. As per data for online food delivery, in 2019, 60% of U.S. consumers order delivery or takeout once a week. 31% of the consumers used third-party delivery services at least twice a week. 34% of consumers spend at least US$50 per order while ordering food online. Furthermore, as per a survey conducted by a leading consulting firm, 60% of restaurant operators have reported increase in sales when they started delivering food online. Furthermore, an increasing R&D research in the field of foodservice equipment is contributing to the emergence of innovative variants with improved efficacy and effectiveness of the kitchen equipments.
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The COVID19 has resulted a major movement in demand away from restaurant eating and toward food delivered to the home. Cloud kitchens have been crucial in making this possible. This increase in cloud kitchen activities is part of a larger movement in consumer preferences toward delivery services. Due to lockdown in various regions worldwide the demand of online food delivery has increased. As per a survey conducted by one of the top consulting firm among Chinese consumers, in Feb 2020, measuring the impact of COVID-19 noted that 42% of Chines consumers are happy to use online delivery service more frequently in the future for their grocery purchases while only 8% said they would reduce their use after the crisis. Overall, COVID-19 has had a net positive impact on frequency and spending on online food delivery service and the 57% of new users are more likely to use this service more in future.
Global Cloud Kitchens Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated. As per one of the top market resaecrh firm, in the United States in 2020, 41.7% of the consumers ordered restaurant meal delivery online if they were confined to their homes due to the coronavirus. The coronavirus epidemic has impacted the food and hospitality industries particularly hard, with bars and restaurants forced to close due to health and safety concerns. Moreover, the total number of online food delivery portal users has also increased. In 2020 the online food delivery users increased by 9.8% to 22.5 million, compared to 2019.
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By Type, the market is primarily bifurcated into
Independent Cloud Kitchen segment dominated the by type of the global Cloud Kitchens market and will row at X% CAGR to reach US$ X billion by the year 2027.
By Product Type, the market is primarily segmented into
Amongst product type, Burger/Sandwich accounted for the largest share in 2020 and is expected to grow at X% CAGR during the forecast period 2021-2027.
By Nature, the market is primarily segmented into
The franchised segment grabbed the major market in 2020. The trend of franchising is growing among stakeholders as it aids in business expansion with less investments
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Cloud Kitchens Market Geographical Segmentation Includes:
Based on the estimation, the North America region dominated the Cloud Kitchens market with almost US$ X billion revenue in 2020. At the same time, the Asia-Pacific region is expected to grow remarkably with a CAGR of X% over the forecast period on account of the increasing internet users.
The major players targeting the market includes
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Cloud Kitchens market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
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