The Frozen Pizza Market is expected to reach USD 1,842 million by 2027, growing at a CAGR of 14.8% over the forecast period (2020-2027).
The factors driving growth of the Frozen Pizza Market includes growing demand for premium pizzas, changes in diet patterns of consumers, emerging trend of online shopping and expansion of e-commerce industry, rising influence of western culture around the world and improvements in the living standards. Moreover, increase in the number of Quick Service Restaurants (QSRs) and retail outlets, rising focus of companies on providing healthy options to customers and, growing adoption of advanced technologies by manufacturers and rapid urbanization, are some of the additional factors supplementing the Frozen Pizza Market size. In addition, the increasing investments by major companies on research and development, rise in the launch of new products, strategic mergers and partnerships between leading players and growing population growth rates, are further boosting the market growth.
However, growth of the Frozen Pizza Market is hindered attributed to increasing prevalence of obesity worldwide.
The major players operating in the market are Oetker GmbH, California Pizza Kitchen, Inc., Simply Good Foods USA, Inc., Bellisio Foods Inc., Hansen Foods LLC, Nestle SA, Freiberger Lebensmittel Gmbh Co, One Planet Pizza, Daiya Foods Inc., and McCain Foods Ltd., among others.
Based on Distribution Channel, the Online sales segment is predicted to expand at a significant CAGR during the forecast period
Online platforms offer wide range of frozen pizza items at attractive discount and are convenient for customers because it delivers food directly to the home, are propelling growth of the segment.
Based on Topping, the Vegetable Topping segment is projected to capture the largest market share over the forecast period
Rise in the launch of new frozen pizza items with innovative toppings and different variety of bases, are pushing growth of the segment.
Based on Region, the North American region is expected to capture the largest market share during the forecast period
Presence of the leading players such as Simply Good Foods USA, Inc., California Pizza Kitchen, Inc., and California Pizza Kitchen, Inc., rise in the launch of innovative flavors, rapid urbanization, high population growth rates and increasing disposable income of consumers, are some of the important factors augmenting the market growth in North America.
Key Development
Market Segmentation
Segmentation by Product
Segmentation by Distribution Channel
Segmentation by Topping
Segmentation by Region
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