Global Virtual Restaurant and Ghost Kitchens Market Overview:
Virtual restaurants and ghost kitchens are food service business that serves by delivering or providing take-out of food through online ordering applications instead of the brick-and-mortar dining experience. The outbreak of pandemic accelerated the growth due to restrictions on dining and delivery-only operations in most of the restaurants. However, the increasing working population and growing preference towards digital ordering & delivery of food will boost the market. The increasing interest of brick and mortar restaurants in virtual or ghost kitchens to serve the large number of customers and expand business will raise the market growth.
Growth Drivers
- Increasing Use of Food Delivery Apps is the Major Growth Driver
- Increasing Expansion of Restaurants to Online Ordering Business
Roadblocks
- Shortage of Delivery Drivers Compared to the Demand of Online Food delivery
Opportunities
- Rapidly Increasing Multi-brand Ghost Kitchens Across the Globe
Challenges
- Delivery Errors and Food Standard & Consistency
Competitive Landscape:
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Some of the key players profiled in the report are Zomato (India), Swiggy (India), Yummy Corporation (Indonesia), Ordermark (United States), Grubhub (United States), Rebel Foods (India), Ikcon (United Arab Emirates), RobinFood (Colombia), Curb Food (Sweden), Kitchen United (United States) and Bigspoon (India). Considering Market by Food Type, the sub-segment i.e. Meals will boost the Virtual Restaurant and Ghost Kitchens market. Considering Market by End-users, the sub-segment i.e. New Chefs & Entrepreneurs will boost the Virtual Restaurant and Ghost Kitchens market.
What Can be Explored with the Virtual Restaurant and Ghost Kitchens Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Virtual Restaurant and Ghost Kitchens Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Virtual Restaurant and Ghost Kitchens
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Virtual Restaurant and Ghost Kitchens market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Virtual Restaurant and Ghost Kitchens market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Virtual Restaurant and Ghost Kitchens Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.