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Global cloud kitchen industry expected to reach USD139 billion by 2028 – Ruskin Felix Consulting

The global cloud kitchen market size is expected to reach USD 139.37 billion by 2028, registering a CAGR of 12.4% from 2021 to 2028. The habit of ordering food online and having it delivered to your door has grown in popularity due to digital disruption and investing in new technologies.

(PRUnderground) October 11th, 2021

Independent Cloud Kitchen Market Size, Share, and Trends Analysis Report 2021-2028:

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The global cloud kitchen market size is expected to reach USD 139.37 billion by 2028, registering a CAGR of 12.4% from 2021 to 2028. The habit of ordering food online and having it delivered to your door has grown in popularity due to digital disruption and investing in new technologies. Cloud kitchens have also benefited from increased efforts toward personal gratification, comfort, and customer satisfaction. The changing lifestyles, particularly among millennials with higher disposable incomes who want convenience at all interfaces, are also propelling the development of virtual kitchens. The global growth in COVID-19 cases necessitated social distance. Furthermore, repeated lockdowns to prevent the virus from spreading functioned as a driver for increased demand for delivery and takeout, increasing the number of cloud kitchens worldwide. Restaurants that have seen a drop in foot traffic have turned to the virtual kitchen concept, as the takeaway model has shown to be a sustainable source of revenue during the COVID-19 epidemic.

The Cloud Kitchen Highlights

The independent cloud kitchen category, which accounted for more than 60% of the whole market in 2020, had the most significant market share by type. Consumer affinity for exotic cuisines and fast foods is projected to become a major trend fueling the segment’s expansion.

The franchised segment is predicted to grow at the fastest rate in terms of nature over the forecast period. Over the projected period, the segment’s expansion will be fueled by the rising popularity of large restaurant chains with solid brand equity and outstanding service quality.

Factors include expanding internet penetration and the spread of online delivery services across China, India, and Japan’s economies helped the Asia Pacific regional market to maintain its dominance in 2020. In 2020, the regional market will have surpassed 60.0 percent of the worldwide market share.

While Covid-19 has hastened this movement, it isn’t the only reason why restaurants are becoming much more interested in the idea. The integration of cloud kitchens has enabled businesses to respond to increased demand by ‘doing’ delivery and takeaway in a cost-effective manner. Since this foodservice industry has significant overhead, cloud kitchens allow restaurants to skip the cost of renting a dining room and instead focus entirely on the cuisine, obviating the need for front-of-house personnel.

Cloud kitchens aren’t limited to city centers or shopping malls, where space is at a premium but rent is high. The strategy is also appropriate for firms who are just getting started, testing a new market, or extending an existing offering. A new commercial kitchen necessitates a sizeable financial investment, whereas a cloud kitchen, on the other hand, can significantly cut set-up and running costs.

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The concept is based on flexibility, cost-effective solutions, and unique dining experiences to meet the increased need for delivery and takeaway. All of this suggests that it will overgrow as a channel. Cloud kitchens, according to Euromonitor, could provide a $1 trillion global opportunity by 2030.

Team RF Consulting

Website : www.ruskinfelix.com

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The post Global cloud kitchen industry expected to reach USD139 billion by 2028 – Ruskin Felix Consulting first appeared on PRUnderground.

Press Contact

Name: Ruskin Felix Barar
Phone: 07718940777
Email: Contact Us
Website: https://ruskinfelix.com/

Original Press Release.

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