3. TREND ANALYSIS
Current Trend that may support the
Venture
The current population of India
is 1,414,570,150 as of Saturday, January 21,
2023, based on Worldometer elaboration of the
latest United Nations data.
The rising demand for
online food delivery services is
one of the main factors driving the
cloud kitchen market in India.
Rising disposable incomes,
widespread smartphone usage, easy
internet access, and changing
consumer preferences contribute to
the growth of cloud kitchens in
India.
India cloud kitchen market is
anticipated to grow with approximately 15.5%
to 17.5% CAGR value during the forecast
years 2024-2028 and may achieve the market
4. Economic
The current population of India is 1,414,570,150 as of Saturday, January 21, 2023, based on Worldometer
elaboration of the latest United Nations data.
Out of which more than 65% ages less than 35%. With the large working population and their rising
disposable income the growing youth population of the country is the major factor driving the growth of the
India cloud kitchen market in the upcoming five years. In the last decade, use of internet, literacy rate, and
social media influenced lifestyles have thrived among the youth population of the country. The youth
population of the country plays major role in influencing the allover economy of the country and has
significant effect on various industries.
Social
If we will focus on High-quality Food, and great overall customer experience then there will be high customer
customer retention and lead to rising sales through word of mouth and rising trend of customer
acknowledgement.
We can also do CSR activities just like- Providing waste food to people who lives beside of street.
5. Regulatory
We will take license from major food regulatories, Because now a days people are about the food
the food safety.
1. The Food Safety and Standards Authority of India (FSSAI).
2. Food and Drug Administration, America. Etc…
Technological:-
India Cloud Kitchen Market, By Source of Order
-Web
-Mobile Apps.
8. Current trend that may oppose the Venture
Economic
• Transportation cost becomes high.
• Low Consistency.
• Extra cost for CSR activities.
Social
• Reliability.
• Fake- News.
Technological
• Moreover dependent on Technology.
• Have to be updated towards D2D changes.
• Operations & Logistics.
• Limited audience: Only tech savvy customersto reach out to.