Report ID: SQMIG25S2058
Report ID:
SQMIG25S2058 |
Region:
Global |
Published Date: December, 2024
Pages:
189
|
Tables:
92 |
Figures:
71
Cloud Kitchen Market size was valued at USD 49.84 Billion in 2023 and is poised to grow from USD 55.32 Billion in 2024 to USD 114.85 Billion by 2032, growing at a CAGR of 11% during the forecast period (2025-2032).
Due to an increasing population of the world's youth and changing tastes among customers, the demand for online meal delivery has also increased. Apart from this, two significant factors that have boosted the cloud kitchen market growth in recent times are a busy lifestyle and more disposable money. Further, with a huge rise in the usage of smart phones, literacy, and easy access to the internet, ordering food has also become much easier. Today, restaurants partner with online food delivery services such as Zomato for increased sales and food supplies. Further, the internet food delivery companies design deals that make the customers come for them to increase their customers. Therefore, the growth of the cloud kitchen market share is enhanced by the quality of customer service and good deals. Besides, with the internet's penetration, more and more people are using social media platforms. Most of the big players in the cloud kitchen sector have come up with ways of marketing their product lines and services on their respective social media platforms. One popular strategy that most businesses and sectors use to market their respective product lines is social media marketing. It is therefore estimated that increasing adoption of social media marketing will provide opportunities for profitable growth of the cloud kitchen industry.
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Report ID: SQMIG25S2058