PUBLISHER: Market Research Future | PRODUCT CODE: 1578140
PUBLISHER: Market Research Future | PRODUCT CODE: 1578140
Global Pizza Market Research Report Information by Type (Industrial, and Artisanal), by Size (Regular, Medium, and Large), by Nature (Fresh, Frozen/Ready to Cook, and Crust), by Distribution Channel (Food service, and Food retail), and By Region (North America, Europe, Asia-Pacific, South America, and Middle East & Africa) - Forecast Till 2032
In 2023, the pizza market was estimated to be worth USD 1,34,301.2 million. The pizza industry is anticipated to experience a compound annual growth rate (CAGR) of 6.54% from 2024 to 2032, with a total increase of USD 142567.9 million.
The global population is growing, and individuals are leading hectic lifestyles. The global demand for meals that are both fast and simple to prepare has increased because of the increasing number of individuals with demanding work schedules. Pizza that has been chilled is effective. The number of individuals working remotely and young people participating in remote learning has increased in recent years, despite the return to normalcy. Additionally, these factors necessitate effortless and expedited food preparation. If consumers are required to perform additional tasks, frozen foods facilitate the process of preparing dinner at home. Frozen pizza is a prevalent lunchtime option, in addition to its popularity as a supper option. Furthermore, a correlation has been identified between the increase in at-home nibbling and the overall sales of frozen pizza. For consumers who desire a more handcrafted appearance, numerous organizations now offer frozen pizza dough or kits that require assembly. Furthermore, grocery stores and restaurants are adopting the frozen pizza trend by introducing their own branded take-and-bake prefabricated pizzas.
Market segment insights
Industrial and Artisanal are the two categories into which the Pizza Market has been divided based on type. The Market has been segmented into three categories: regular, medium, and large, based on its magnitude.
The Pizza Market has been divided into three categories: fresh, frozen/ready to prepare, and crust, as determined by the natural world. The Market has been divided into food service and food retail based on the roast distribution channel.
Regional Perspectives
The European Pizza market is anticipated to register a compound annual growth rate (CAGR) of 8.13% in 2023 and holds the greatest market share at 45.71%. The global pizza industry is significantly influenced by the European market, which encompasses Germany, the UK, France, Spain, Italy, and other European countries. The global pizza industry's diversity and expansion are influenced by the food customs, customer preferences, and market trends of each nation in this region.
The global pizza industry is significantly influenced by the North American region, which encompasses the United States, Canada, and Mexico. This region has a rich history of pizza consumption and is a leader in the development and influence of global pizza trends due to its diverse customer demographics, vibrant culinary culture, and robust market foundation.
The global pizza industry is increasingly influenced by the Asia-Pacific region, which includes China, India, Japan, South Korea, Australia, New Zealand, and other countries. This region, which is renowned for its rapid economic growth, urban expansion, and diverse culinary preferences, presents unique opportunities and challenges that are influencing global pizza consumption trends and market fluctuations.
The demand for pizza in the global market has experienced a significant increase, with the majority of it emanating from the South American region. The report underscores the significant contribution of Brazil and Argentina to the expansion of the market in this region.
The Middle East & Africa region, which encompasses the GCC nations, Turkey, Southern Africa, and Northern Africa, is beginning to establish itself as a significant player in the global pizza industry.
Yum! Brands, Inc. (Pizza Hut) (US), Papa John's International, Inc. (US), Domino's Pizza Inc. (US), Nestle S.A (Switzerland), Rave Restaurant Group (US), General Mills, Inc. (USA), Little Caesar Enterprises, Inc. (US), Frozen Specialties, Inc. (US), Mod Super-Fast Pizza, LLC (US), and Monte Pizza International BV (Netherlands) are among the key companies in the pizza market.