NEWARK, Del, June 19, 2023 (GLOBE NEWSWIRE) -- The global frozen pizza market size is predicted to surpass a valuation of US$ 20,196 million in 2023. It is anticipated to hit a valuation of US$ 35,994 million by 2033. The market is slated to thrive at a CAGR of 6% from 2023 to 2033.
Numerous flavors, dough varieties, and topping options are becoming more widely available in the frozen pizza industry. Their rising popularity has been aided by the ability to personalize frozen pizzas to suit various preferences. Due to their diversity, customers may select pizzas based on their preferences and dietary needs. Additionally, frozen pizzas are available in a variety of sizes, allowing for smaller servings for individuals or more significant amounts for families or celebrations.
The market for frozen pizza has grown due to the globalization of food tastes and the adoption of Western dining customs in various regions of the world. The demand for frozen pizza has grown as people become more accustomed to it as a standard meal option, particularly in areas where the traditional pizza culture is less common.
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Manufacturers of frozen pizza have made investments throughout time to raise the standard of their offerings. Technical food processing and packaging advances have improved frozen pizzas' flavor, texture, and quality. As a result, consumers now perceive frozen pizzas as a better option than freshly baked ones. Frozen pizza makers have begun providing alternatives with healthier ingredients, such as whole wheat crusts, reduced-fat cheese, and organic toppings, to appeal to health-conscious consumers. These healthier substitutes have increased the market for frozen pizzas by luring customers looking for a compromise between convenience and better dietary options.
Key Takeaways from Frozen Pizza Market:
- The global frozen pizza industry size developed at a CAGR of 2.4% from 2018 to 2022.
- In 2018, the global market size stood at US$ 17,660.5 million.
- The global market size stood at US$ 19,419.20 million in 2022.
- Thin crust accounted for a maximum share of 63.3% of the global frozen pizza market in 2022.
- Store-based retailing held a dominant share of more than 66.3% in 2022.
- The large pizza segment accounted for 51.3% of the global market in 2022.
- In 2022, the United States captured 17.2% shares in the global market.
- In 2022, China captured 4.8% shares in the global market.
- In 2022, India captured 25.2% shares in the global market.
Recent Developments Observed by FMI:
- In June 2021, Brazi Bites announced the release of a new product line called Pizza'nadas for sale to customers in the United States. Pizza'nadas is a combination of frozen pizzas and empanadas.
- Ole & Lena's Pizzeria announced expansion plans to include wholesaling operations for frozen pizza. It is offered through retailers like Walmart for specific locations in the United States.
- Dr. Oetker announced the expansion of its Ristorante frozen pizza line. Along with the launch of a new Vegan Society-certified Ristorante Margherita Pomodori pizza for consumers in the United Kingdom.
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Key Players in the Global Market
- Frozen Specialties Inc.
- Jubilant Foodworks Limited
- Convenio Foods Pvt. Ltd.
- Giovanni’s Frozen Pizza
- Monte Pizza Crust B.V.
- General Mills Inc.
- Nestle’ S.A.
- McCain Foods Ltd.
- Dr. Oetker GmbH
- Daiya Foods Inc.
- Connies Pizza
- Conagra Brands Inc.
- Others
Market Segmentation
By Crust Type:
- Thin Crust
- Thick Crust
- Stuffed Crust
By Toppings:
- Cheese
- Meat
- Fruits and Vegetables
- Others
By Sales Channel:
- Store-based Retailing
- Convenience Stores
- Discounters
- Forecourt Retailers
- Hypermarkets
- Supermarkets
- Food Specialist
- Online Retail
By Size Type:
- Small
- Medium
- Large
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
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Table of Content (TOC)
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Crust Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Crust Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Crust Type, 2023 to 2033
5.3.1. Thin Crust
5.3.2. Thick Crust
5.3.3. Stuffed Crust
5.4. Y-o-Y Growth Trend Analysis By Crust Type, 2018 to 2022
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