LONDON–(BUSINESS WIRE)–Technavio has been monitoring the cloud kitchen market and it is poised to grow by USD 1.18 billion during 2020-2024, progressing at a CAGR of almost 19% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the cloud kitchen market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions-
- What are the major trends in the market?
- Changing lifestyles and rise in demand home delivery food is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 19%, the incremental growth of the market is anticipated to be USD 1.18 billion.
- Who are the top players in the market?
- Bundl Technologies Pvt. Ltd., CloudKitchens, Doordash Inc., Kitchen United, Kitopi Catering Services LLC, Postmates Inc., Rebel Foods Private Ltd., Salted, SBEEG Holdings Licensing LLC, and Zuul Kitchens Inc. are some of the major market participants.
- What are the key market drivers and challenges?
- Advantages of cloud kitchens over restaurants is one of the major factors driving the market. However, the growing preference for home-cooked food restraints the market growth.
- How big is the APAC market?
- The APAC region will contribute to 59% of market growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bundl Technologies Pvt. Ltd., CloudKitchens, Doordash Inc., Kitchen United, Kitopi Catering Services LLC, Postmates Inc., Rebel Foods Private Ltd., Salted, SBEEG Holdings Licensing LLC, and Zuul Kitchens Inc. are some of the major market participants. The advantages of cloud kitchens over restaurants will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this cloud kitchen market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Cloud Kitchen Market 2020-2024: Segmentation
Cloud Kitchen Market is segmented as below:
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR45475
Cloud Kitchen Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cloud kitchen market report covers the following areas:
- Cloud Kitchen Market Size
- Cloud Kitchen Market Trends
- Cloud Kitchen Market Analysis
This study identifies changing lifestyles and rise in demand home delivery food as one of the prime reasons driving the cloud kitchen market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Cloud Kitchen Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist cloud kitchen market growth during the next five years
- Estimation of the cloud kitchen market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the cloud kitchen market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cloud kitchen market vendors
Table of Contents:
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Franchised – Market size and forecast 2019-2024
- Standalone – Market size and forecast 2019-2024
- Market opportunity by Type
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
- Vendors covered
- Market positioning of vendors
- Bundl Technologies Pvt. Ltd.
- DoorDash Inc.
- Kitchen United
- Kitopi Catering Services LLC
- Postmates Inc.
- Rebel Foods Private Ltd.
- SBEEG Holdings Licensing LLC
- Zuul Kitchens Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.