Global Frozen Pizza Market Size To Exceed USD 40.01 Billion By 2033 | CAGR Of 5.46%
Category: Food & BeveragesGlobal Frozen Pizza Market Size To Exceed USD 40.01 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Frozen Pizza Market Size is expected to Grow from USD 23.51 Billion in 2023 to USD 40.01 Billion by 2033, at a CAGR of 5.46% during the forecast period 2023-2033.
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Browse key industry insights spread across 207 pages with 100 Market data tables and figures & charts from the report on the “Global Frozen Pizza Market Size, Share, and COVID-19 Impact Analysis, Global Frozen Pizza Market Size, Share, and COVID-19 Impact Analysis, By Crust Type (Stuffed Crust, Thin Crust, and Thick Crust), By Size (Regular, Medium, and Large), By Distribution Channel (HoReCa, Offline Sales, and Online Sales), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/frozen-pizza-market
Pizza is a dish from Italy with a usually flat and round base consisting of leavened wheat-based dough. It is covered with cheese, tomatoes, and other toppings like anchovies, mushrooms, onions, olives, and meat. A frozen pizza is a ready-to-consume form of ordinary pizza. The increasing consumer intent to spend money on convenience food due to busy lifestyles and increased working hours is driving the market. Additionally, improvements in food preservation as well as freezing technologies have also boosted the demand for quality frozen pizza with longer shelf life, which is consolidating the market growth. Moreover, there have been many new advancements in cold storage technology recently that provide unique investment opportunities to the frozen pizza industry. Along with this, frozen pizza manufacturers have recently updated the freezing technology worldwide, which serves the industry worldwide. There has also been a significant rise in the establishment of fast-food chains in various regions of the globe that have fueled the growth of the international market with remarkable opportunities. However, over time, several individuals have raised concerns regarding the negative impacts of the daily consumption of frozen pizza, which has generated a negative image for the product and is the primary restraint for the market.
The thin crust segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the crust type, the frozen pizza market is segmented into stuffed-crust, thin-crust, and thick-crust. Among these, the thin crust segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to consumers increasingly demanding convenient and fast meal options. Additionally, many consumers prefer such thin crusts as they allow the flavor and topping to shine, giving a satisfactory food experience.
The regular segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the size, the global frozen pizza market is divided into regular, medium, and large. Among these, the regular segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by the versatility of regular pizzas, which can accommodate a wide range of toppings and dietary preferences. Moreover, it enhances their popularity in the industry. This combination of affordability, taste, and ease positions regular frozen pizzas as the preferred choice among consumers.
The HoReCa segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the global frozen pizza market is categorized into HoReCa, offline sales, and online sales. Among these, the HoReCa segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to the flexibility of frozen pizzas allows restaurants to personalize toppings and flavors, responding to varied consumer tastes. Furthermore, this trend is especially evident in casual dining environments, where frozen pizzas can be cooked quickly, improving operational efficiency and customer satisfaction.
North America is expected to hold the majority share of the global Frozen pizza market during the forecast period.
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North America is expected to hold the majority share of the global frozen pizza market during the forecast period. North America dominates the market due to the busy lifestyles of American and Canadian consumers which has resulted in more demand for suitable meal solutions; hence, frozen pizzas as a suitable choice for families.
Asia-Pacific is anticipated to grow at the fastest pace in the global frozen pizza market during the forecast period. The growth is attributed to the surging popularity and embracement of the Western lifestyle across developing nations such as China, India, Bangladesh, and the Philippines by foreseeing the region's growth rate in high gear within the forecast horizon.
Major vendors in the global frozen pizza market are One Planet Pizza, Dr. Oetker, Daiya Foods, California Pizza Kitchen, The Simply Good Foods Company, Freiberger Lebensmittel GmbH Co, Jubilant FoodWorks, Bellisio Foods, Inc., Nestlé S.A., McCain Foods Limited, HyFun Foods, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In November 2021, HyFun Foods launched innovative products like the frozen pizzas, which have four variants- Classic Margherita, Veggie Paradise, Garden Fresh, and Tandoori Paneer for the QSR.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the frozen pizza market based on the below-mentioned segments:
Global Frozen Pizza Market, By Crust Type
- Stuffed Crust
- Thin Crust
- Thick Crust
Global Frozen Pizza Market, By Size
- Regular
- Medium
- Large
Global Frozen Pizza Market, By Distribution Channel
- HoReCa
- Offline Sales
- Online Sales
Global Frozen Pizza Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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