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Why Cloud Kitchens are the Hottest Investment Opportunity Right Now
Food delivery and takeout demand have increased significantly in recent years, owing to changing consumer preferences and the rise of digital technology. Busy lifestyles,... moreWhy Cloud Kitchens are the Hottest Investment Opportunity Right Now
Food delivery and takeout demand have increased significantly in recent years, owing to changing consumer preferences and the rise of digital technology. Busy lifestyles, convenience-seeking behaviors, and the increasing popularity of online ordering have all contributed to this trend. As a result, traditional brick-and-mortar restaurants are facing new challenges and opportunities, paving the way for innovative concepts like cloud kitchens to cater to this growing demand.
A collective data set states that by the end of 2021, the revenue from cloud kitchens will have reached $31.7 billion. A compound annual growth rate (CAGR) of 13.2% is expected to reach $68.7 billion in 2027.
Rising demand for online food delivery services, lower operational costs, greater flexibility, and the growing popularity of food delivery apps are driving the cloud kitchen market. These figures point to a bright future for the cloud kitchen industry in 2023, with significant growth anticipated in the coming years.
Selecting an efficient food delivery app development service is mandatory for sustaining in the fast-growing field.
Here's a link that will take you deeper: https://www.uplogictech.com/blog/why-cloud-kitchens-are-the-hottest-investment-opportunity-right-now/ />
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