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, according to a new study conducted by Grand View Research, Inc. Digital disruption and technological innovations have popularized the trend of ordering food online and doorstep delivery. Increased efforts toward convenience, comfort, and quality of service have also helped the emergence of cloud kitchens. Additionally, changing lifestyles, especially of millennials with increased disposable incomes demanding convenience at their touchpoints, are the factors stimulating the rise of virtual kitchens.
Changing lifestyles are compelling restaurateurs to focus on customer convenience and customer experience improvement strategies. With increased competition among restaurants delivering similar offerings, the need to maintain the quality of the service puts increased pressure on cost management, failure to do so often results in the shutdown of outlets. Therefore, to ensure the survival of businesses and increase profits, cloud kitchens are gaining momentum. With the minimal risk involved, several entrepreneurs, including food aggregators, are increasingly investing in the concept.
The rise in COVID-19 cases globally made social distancing imperative. Moreover, frequent lockdowns to contain the spread of the virus acted as a catalyst in increasing the demand for deliveries and takeaways, leading to a rise in the number of cloud kitchens globally. Restaurants facing a slump in business due to declining footfall have shifted to the virtual kitchen concept, as the takeaways model emerged as a viable source of generating revenue during the COVID-19 pandemic. Furthermore, as virtual kitchens require minimal investment and operational costs to run, they help restaurants improve their profit margins. The increased realization of the benefits of cloud kitchens is encouraging several food entrepreneurs and restaurateurs to invest in cloud kitchens.
Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/cloud-kitchen-market
Cloud Kitchen Market Report Highlights
For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/cloud-kitchen-market/request/rs1
Cloud Kitchen Market Segmentation
Grand View Research has segmented the global cloud kitchen market based on type, nature, and region:
Cloud Kitchen Type Outlook (Revenue, USD Million, 2017 – 2028)
Cloud Kitchen Nature Outlook (Revenue, USD Million, 2017 – 2028)
Cloud Kitchen Regional Outlook (Revenue, USD Million, 2017 – 2028)
List of Key Players of the Cloud Kitchen Market
Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/451530/ibb
About Grand View Research
Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
Media ContactCompany Name: Grand View Research, Inc.Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.Email: Send EmailPhone: 1888202951Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United StatesCity: San FranciscoState: CaliforniaCountry: United StatesWebsite: https://www.grandviewresearch.com/industry-analysis/cloud-kitchen-market