Market Overview:
Ghost Kitchens or cloud kitchens are delivery-only kitchen spaces that prepare food specifically for delivery to customers. They provide advantages like lower costs, increased delivery coverage, and higher operational efficiency to restaurants without dining areas. The need for centralized food production facilities to meet the growing demand for online food deliveries is driving the ghost kitchen market.
Market key trends:
One of the key trends in the ghost kitchen market is the growing popularity of delivery-only brands. Established delivery brands like Pizza Hut, KFC and Chipotle are setting up dedicated kitchens to serve online orders better. Newly launched delivery concepts like Urban Platter, Kitchens@, The Goodness Company and Fika are garnering customers with unique offerings available exclusively on food delivery apps. Their delivery-optimized menus and streamlined operations enable fast and affordable food delivery.
Segment Analysis
The global ghost kitchen market is segmented based on type, platform, and application. Based on type, the market is segmented into commissary/shared kitchen, restaurant-owned kitchen, and standalone kitchen. The commissary/shared kitchen segment dominated the market in 2023 and is expected to continue its dominance over the forecast period. Commissary/shared kitchens offer benefits like lower costs, greater scalability, and no delivery wait times which has driven their popularity among restaurant owners.
The global Ghost Kitchen Market Share is estimated to be valued at US$ 71.14 Billion in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Key Takeaways
The global ghost kitchen market is expected to witness high growth, exhibiting a CAGR of 12% over the forecast period 2023 to 2030, due to increasing demand for delivery and take-out food amid the COVID-19 pandemic.
Regional analysis
The ghost kitchen market in the US dominated the global market in 2023 and is expected to continue its leading position during the forecast period. This is attributed to rising penetration of food delivery apps, increasing preference for online food ordering, and growing investments by major ghost kitchen operators in the region.
Key players
Key players operating in the ghost kitchen market are CloudKitchens, Kitchen United, REEF Technology, Virtual Kitchen Co., Zuul Kitchens, Deliveroo Editions, Kitopi, DoorDash Kitchens, Grubhub/Seamless, Swiggy Access, Uber Eats Kitchens, Rebel Foods, Ghost Kitchen Brands, JustKitchen, Keatz. Major players are focusing on expanding their footprint through investments in new markets to leverage the high demand for delivery and take-out food globally.
Read More: https://www.dailyprbulletin.com/ghost-kitchens-driving-food-delivery-growth/
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