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Ghost Kitchen Market Insight
The ghost kitchen market size was estimated at USD 56.71 billion in 2021. According to projections, the Ghost Kitchen market business will expand at a compound annual growth rate (CAGR) of 11.42% from USD 57.85 billion in 2022 to USD 115.21 billion by 2030. The tendency of consumers to buy food online has risen due to the busy work schedules of the rising working population. This is anticipated to drive the food industry’s growth throughout the projection period.
Despite a decline in fertility rates, over 900 million Indians were of working age (15–64) in 2020, accounting for 67% of the nation’s total population, according to MRFR study. This figure is expected to rise by an additional 100 million by 2030. This implies that during the next 10 years, India will provide a startling 24.3% of the extra global workforce. Furthermore, there were 157.53 million employed people in the United States in 2019. In 2023, there will likely be more than 2 million more people working. In addition, the market is anticipated to expand more rapidly in the next years due to the growing strategies that major companies have chosen to solidify their position in the industry.
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Segmentation
Based on kind, the Ghost Kitchen Market is segmented into three categories: kitchen pods, commissary/shared kitchen, and incubator/pop up kitchen. Incubators and pop-up kitchens held a dominant market share in 2021.
Burgers and sandwiches, pizza and pasta, chicken, fish, and other food types are the divisions made by food type in the Ghost Kitchen Market statistics. In 2021, the dominant share belonged to the burger and sandwich sector.
The Ghost Kitchen sector has been divided into three segments globally: food service, offices, and restaurants, based on the end purpose. 2020 saw the biggest sector share maintained by the food service industry.
The market is divided into four regions by the study: North America, Europe, Asia-Pacific, and the Rest of the World. The market for ghost kitchens in Asia-Pacific was valued at USD 23.81 billion in 2021 and is projected to grow at a rate of 10.24% CAGR during the course of the research. This is mostly because customers, especially in China and India, prefer to order food via online delivery applications.
The rising demand for online food delivery services is one of the main drivers of the cloud kitchen industry in India. Rising disposable incomes, broad smartphone use, ubiquitous internet access, and evolving customer expectations are all contributing factors to the growth of cloud kitchens in India. In addition, the unanticipated COVID-19 pandemic breakout and the subsequent statewide lockdowns forced eateries to switch to a delivery-only business model in order to better serve their patrons. The industry is expanding as more individuals become aware of the benefits that cloud kitchens provide over traditional kitchens, such as higher profit margins and greater flexibility in running ghost restaurants from any location.
Through 2030, the Europe Ghost Kitchen Market is anticipated to expand at a compound annual growth rate of 8.25%. This is mostly because customers are increasingly using online delivery applications to purchase food. Furthermore, the Ghost Kitchen market in Germany accounted for the highest proportion of the European market, while the Ghost Kitchen market in the United Kingdom had the quickest growth.
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Key Companies in the Ghost Kitchen Market Includes –
United Kitchen
Rebel Foods
DoorDash Kitchens
Ghost Kitchen Orlando
ShoppinPal
Posist Technologies
Kitopi
Oracle
Uengage Services Pvt Ltd
Slay Coffee
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