Published on: December 14, 2020
Bundl Technologies Pvt. Ltd., CloudKitchens, Postmates Inc., Doordash Inc., and Kitchen United are some of the major vendors in the cloud kitchen market.
This report analyzes the market’s competitive landscape and provides information on the competencies and capacities of these companies. The report also analyzes the market by type (Franchised and standalone) and geography (North America, Europe, APAC, South America, and MEA).
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The market is categorized as a part of the restaurants market and will grow at a steady pace during the forecast period.
The advantages of cloud kitchens over traditional restaurants will influence the growth of this market during the forecast period. Key cloud kitchen market trends, such as the preference for new packaging for delivery foods will also drive market growth.
The market will also face challenges because of the increased competition from quick-service restaurants.
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Some of the vendors covered in this cloud kitchen market report include:
The market is fragmented, and with favorable conditions for growth, the level of competition among companies will intensify further.
To help companies take more effective decisions and make the most of the increasing market size, this report provides a detailed analysis of the factors that will accelerate and hinder market growth, threat from new entrants and substitutes, and the market positioning of vendors.
The implementation of innovative technologies to enhance customer experience and the increasing focus on younger generation customers will drive restaurants market growth during the forecast period.
There is also a growing popularity of global cuisines. There is an increased interest in multicultural foods among the consumers due to the impact of experience from traveling abroad and exposure to social media and popular food and cooking shows. The distinct and authentic flavors of seasonings, sauces, and spreads from the Philippines, Greece, the Middle East, India, and Japan are growing and getting mainstream exposure on food menus across the world. A large proportion of consumers are showing interest in eating at ethnic cuisines frequently. Owing to the increasing demand for global/ethnic cuisines, restaurants are expanding their menu offerings for such cuisines.
The market will also face challenges because of the pricing pressure due to increasing operational costs, intense competition, and the changing customer preferences and behavior.
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