India Cloud Kitchen Market is expected to show robust growth due to rising disposable income in the forecast period, 2018-2028.
According to TechSci Research report on, “India Cloud Kitchen Market, By Region, Competition Forecast & Opportunities, 2018 – 2028”, India cloud kitchen market may achieve market value over USD2.5 billion by 2028F growing with a CAGR ranging from 15.5% to 17.5% during the forecast period, 2024-2028. Demands for online food delivery and pre-cooked meals are the major factors driving the growth of the India cloud kitchen market in the upcoming five years. Growing e-commerce sector and expanding food & beverage industry is also majorly responsible for the growth of the India cloud kitchen market in the next five years. Rising consumer’s preference toward fast food, restaurant made meals, etc. over dining experience in home or in restaurants is also aiding the growth of the India cloud kitchen market in the future five years. Moreover, the recent pandemic conditions created completed lockdown situation, and visiting the restaurants, and cafes for get-together, or to share meals become impossible. The inclination toward online food delivery services further thrived during the pandemic situation, with confirmations from the food delivery service providers that the meal preparation was hygienic, and the delivery agents were vaccinated.
Furthermore, rising disposable income among the population of the country, tendency for over-expenses on food is also substantiating the growth of the India cloud kitchen market in the forecast years through 2028. Growing use of internet-based services, online payment feasibility, and secured payment pathways have also aided to the growth of the India cloud kitchen market growth and would further support market growth in the forecast period.
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The India cloud kitchen market segmentation is based on type, source of order, payment method, regional distribution, and competitional landscape. Based on type, the market is differentiated between independent/ standalone cloud kitchen and chained cloud kitchen. Chained cloud kitchen is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on grounds of aggressive promotions and advertisement provided to them. Brand promotions and their established businesses in the country are a major factor driving their growth. The consumers are inclined toward reviewed and approved food outlets over random kitchens and thus aiding the growth of the market segment. Rising investment in the sector and rapidly growing numbers of outlets of the chained cloud kitchen also supports the growth of the India cloud kitchen market in the future five years.
By source of order, the market is distinguished between web and mobile apps. Mobile apps are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years due to increasing numbers of the mobile & internet-based application that provide better user experience for the potential customers. Rising installation of these mobile apps and the counting numbers affirm the growth of the segment in the next five years. Better graphic user interface, app-based advantages like premium subscriptions, and discounted prices of the food further aids the growth of the India cloud kitchen market in the future five years. Web based sources of orders also register significant growth with increased internet penetration and rising internet users in the country.
Based on payment method, the market is bifurcated into cash on delivery, mobile wallet, card transaction, and others. Mobile wallets may lead the market segment with highest revenue shares of the market in the upcoming five years on account of increased usage of the payment portals. One tap payments and growing dependency of the consumers over mobile wallet also play vital role in the market expansion. Cash on delivery may also register significant growth due to accessibility for the consumers preferring the method. Various discount options based on payment mode also substantiate the growth of the India cloud kitchen market in the next five years.
A partial list of market players in the field includes:
· Rebel Foods Private Limited
· Sky Gate Hospitality Pvt. Ltd. (Biryani By Kilo)
· Masalabox Food Network Pvt. Ltd.
· Poncho Hospitality Pvt. Ltd. (MOJO Pizza)
· Soba- Asian Kitchen
· Cheferd Foods Private Limited
· Gustasi Chef
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“E-commerce sector is expanding rapidly. The industry growth has influenced the retails and FMCG industry, food & beverage industry. Cloud kitchens are relatively new concept, but its expansion has been aided by the expanding e-commerce sector preferably. With growing demands, the market players have adopted various strategies like free delivery services, premium subscription to food delivery mobile applications providing discounted rates, etc. The India cloud kitchen market would further grow with rising dependency over online payment portals. Cashless payments are rapidly growing and with payment portals being promoted by the government, service availability and affordability as enhanced thus further aiding the market growth. New market players may invest in promotions and aggressive advertisement and may collaborate with the existent food delivery service providers such that distribution of their product becomes easier and efficient and helps in the future brand establishment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Cloud Kitchen Market By Type (Independent/ Standalone Cloud Kitchens, Chained Cloud Kitchens), By Source of Order (Web Vs Mobile App), By Payment Method (Cash on Delivery, Mobile Wallet, Card Transaction, Others), By Region, Competition Forecast & Opportunities, 2028” has evaluated the future growth potential of India cloud kitchen market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India cloud kitchen market.
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