Frozen Pizza Market Overview
The frozen pizza market is expected to register a CAGR of 11.90% from 2021 to 2030 and hold a value of over USD 18.67 billion by 2030.
Frozen pizza is raised to the half-baked pizza ready by yeasted flatbread dough, which is typically topped with various types of fruits, vegetables, and meat. Frozen pizza is regularly stored at a controlled temperature of under 0 degrees to preserve it for later consumption. Frozen pizza has a longer shelf life, due to its low-temperature condition and preservatives used for increasing the shelf life. Growing consumer preference towards convenience foods is expected to act as a major driver in the growth of the frozen pizza market size during the forecast period. The rapid propagation of the COVID-19 pandemic has resulted in a global crisis. Impacting all countries, the pandemic has already formed an economic downfall worldwide. The global pandemic is deemed to generate a chaotic environment, resulting in a global recession. With the rapidly growing number of cases, the global frozen pizza market is getting affected in overall ways.
Key Players
Some of the key market players are Nestlé S.A. (Switzerland), McCain Foods Limited (Canada), Dr. Oetker GmbH (Germany), Daiya Foods Inc. (Canada), Palermo Villa Inc. (US), The Simply Good Foods Company (US), California Pizza Kitchen Inc. (US), and General Mills Inc.(US)
Market Segmentation
The global frozen pizza market overview has been segmented into product type, topping, and
Based on product type, The global Frozen Pizza Market has been segmented into Regular Thin Crust, Extra Thin Crust, and Deep Dish. The regular thin crust type accounted for the highest market share due to the lower carbohydrates and health advantages it offers when compared to other filled and deep-dish frozen pizzas, which are projected to boost the frozen pizza industry.
Based on Topping, The global Frozen Pizza Market has been segmented into Meat Toppings and Vegetable Toppings. Meat Toppings are one of the fastest-growing segments of the frozen pizza industry, because of the rising popularity of ready-to-eat frozen foods. Furthermore, the industry is promoting the availability of a wide range of meat-topping pizza options.
Based on Distribution Channel, The global Frozen Pizza Market has been segmented into Food Chain Service and Retail. Retail led the frozen pizza industry as a result of increasing customer health consciousness and augmented demand for gluten-free goods. Moreover, retail sales of frozen pizzas are projected to upsurge as retail marketplaces give consumers clarity about nutrient content, the presence of preservatives, and the availability of toppings of their choices.
Regional Analysis
North America accounted for a market revenue share of 37.47% of the global frozen pizza market in 2020 and is expected to expand at a CAGR of 5.71% during the forecast period. The frozen pizza market in North America has been experiencing fast growth over the last few years. The growth can be attributed to the growing consumer inclination towards ready-to-eat food products.
Europe accounted for the largest market share of 39.65% of the global frozen pizza market in 2020. The regional market is expected to register a CAGR of 5.56% during the estimated period. The growth of the frozen pizza market in the European region is attributed to numerous factors. Premiumization is one of the main trends gaining traction in European countries. Consumers are selecting healthy pizza that contains whole grain, has high fiber content, and is gluten-free.
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