USD 22.35 billion
Report ID: SQSG30I2002 | Region: Global | Published Date: October, 2022 | Pages: 165 | Tables: 116 | Figures: 77
Frozen Pizza Market size was valued at USD 22.35 billion in 2021 and is poised to grow from USD 23.56 billion in 2022 to USD 28.67 billion by 2030, growing at a CAGR of 5.5% in the forecast period (2023-2030).
Pizza has gained massive popularity as classical dish across the world during the last couple of decades. Pizza is one of the popular foods among millennials, the young generation, and the working-class population because of its taste, flavor, and affordability. The changing lifestyle and food habits among the population is the key growth factor for the market. Apart from taste, these frozen products offer convenience and longer shelf life, which, in turn, is expected to fuel frozen pizza market growth over the forecast period.
Increasing attraction towards frozen pizza is due to the ease of offers in terms of customization, according to one’s own taste. For example, people choose crispy crusts and reheat the pizza and making it customized by their choice. Similarly, these pizzas can be heated and reheated in an oven, toaster, and grill to obtain a dish fit for everyone’s palate. Frozen pizzas have considered a food item that can be prepared easily and take less than 20 minutes to be prepared and contain a healthy dose of carbohydrates, protein, calcium, fats, and vitamins. People are often enjoyed frozen pizza with salads and fizz drinks making them perfect for small gatherings. Oftentimes, pizza is also called a “mixed dish” which has a blend of multiple flavors from cheese, sauce, veggies, fruits, and meat.
US Frozen Pizza Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 22.35 billion
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The Global Frozen Pizza Market is segmented based on Crust Type, Topping, Distribution Channel and Product Type. Based Crust Type market is categorized into Regular Thin Crust, Extra Thin, Crust Deep-Dish, Others. By Topping type it is segmented Meat and Vegetable. Based on distribution channel Frozen Pizza Market is categorized into Offline and Online channel. By Product Type Frozen Pizza Market is segmented into Regular, Medium and Large. Based on region Frozen Pizza Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Frozen Pizza Market Analysis by Crust Type
Based on crust type, the Regular Thin Crust segment acquired the major share in the market in 2021. In recent years growing health consciousness among the consumer is anticipated to drive the regular thin crust type in the market. Apart from regular thin crust, frozen pizza market observers the trends toward thin crust is increasing, due to its reduced calories and health association compared to the other stuffed and deep-dish frozen pizzas.
Frozen Pizza Market Analysis by Topping
Over the period of time, vegetable toppings are favorite and continuously witness a growth till the forecasted period. In vegetable topping, some of the main vegetables are capsicum, corn, onion, tomato, mushroom, peppers, and others. Frozen pizza manufacturers are focused on seasonal vegetables as a topping because of the availability of these vegetables throughout the year.
Frozen Pizza Market Analysis by Distribution Channel
Based on distribution channels, the frozen pizza market is segmented between offline and online. In the offline channel, HoReCa (Hotel/Restaurant/Café) has the highest market share more than 50.0% in 2021 and is expected to maintain dominance over the forecast period. Increasing internet penetration, development in the supply chain, and ease of ordering food fuelling the growth in the online channel.
Frozen Pizza Market Analysis by Product Type
The increasing trend of house parties among working-class people, college grads, and the young generation are opening new scope for the product in the global market. In product type, regular frozen pizza is dominating the market share of more than 35.0% in 2021 and continues to dominate over the forecast period. After the regular size of the pizza, medium frozen pizza is anticipated to be the fastest-growing segment with a significant growth rate from 2022 to 2028.
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North America is the dominating market of frozen pizza and more than 35% in the year 2021. Population and consumption-wise The United States and Canada are the largest consumers of frozen products. To understand the popularity of pizza, in the U.S that ‘National Pizza Day' is celebrated on the 9th of February, every year. It clearly shows that consumer trends are propelling the demand for the product in the regional market. The world’s largest populated region, the Asia Pacific is witnessing the fastest growth throughout the forecasted region. With the increasing popularity and adoption of western culture in developing countries like China, India, Bangladesh, and the Philippines, foreseen a high growth rate in the region over the forecast period.
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Frozen Pizza Market Driver
Frozen Pizza Market Restraint
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The global Frozen Pizza market is fairly fragmented with a regional and unorganized players. Creating monopoly in market is quite difficult.
Frozen Pizza Market Top Players Company Profiles
Frozen Pizza Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, The increasing trend of house parties among working-class people, college grads, and the young generation are opening new scope for the product in the global market. In product type, regular frozen pizza is dominating the market share of more than 35.0% in 2021 and continues to dominate over the forecast period.North America is the dominating market of frozen pizza and more than 35% in the year 2021. Population and consumption-wise The United States and Canada are the largest consumers of frozen products. Increased R&D to attract consumers and adapt their behavior to the development of freezer technology, the taste and rise of various fast-food stores for rising economies are predicted to offer market players profitable prospects.
|Market size value in 2021||USD 22.35 billion|
|Market size value in 2030||USD 23.56 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
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For the Global Frozen Pizza Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Frozen Pizza Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Frozen Pizza Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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