CLOUD KITCHEN MARKET ANALYSIS

Cloud Kitchen MarketSize and Trends

The global cloud kitchen market size was valued at US$ 39.54 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 12.4% from 2023 to 2030. The cloud kitchen market is witnessing strong growth on the account of booming food delivery business, increasing globalization, and rising consumer preference for continental and fast food. Moreover, increasing disposable income of consumer coupled with the growing penetration of internet is are major factors expected to propel market growth.

Global Cloud Kitchen Market Trends:

Growing trend of social media market

Since there has been rise in number of users on various social media sites due to growing internet penetration.  Most of the key players in the cloud kitchen market are focusing on promoting their products and services on social media platforms. Hence, growing use of social media marketing is projected to stimulate the growth of cloud kitchen market.

Independent cloud kitchen is a recent trend

Growing number of brand serving customer from a single location is expected to uplift the market growth. Moreover, growing consumer preferences for international cuisines, online ordering, and fast foods further is expected to fuel market growth.