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.
There are more flavour, dough, and topping options available on the frozen pizza market. Customizable pizzas that can be made to suit a variety of preferences are growing in popularity. Customers can choose the pizzas based on their hobbies and dietary needs because they are so diverse. Additionally, frozen pizzas come in a range of sizes, allowing for both smaller servings for lone diners and larger ones for parties or special occasions.
The internationalisation of culinary preferences and the spread of Western eating traditions around the world have raised demand for frozen pizza. Pizza that is frozen has gained popularity as a dinner option, especially in areas where traditional pizza culture is less common.
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Over the years, producers of frozen pizza have made efforts to improve the quality of their products. Technological advances in food processing and packaging have improved the flavour, texture, and quality of frozen pizzas. Customers now think that frozen pizzas are superior to freshly prepared ones as a result. To appeal to consumers who are health-conscious, frozen pizza companies have started offering options with premium ingredients, such as whole wheat crusts, reduced-fat cheese, and organic toppings. Through attracting customers seeking a balance between convenience and better dietary options, these healthier alternatives have expanded the market for frozen pizzas.
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)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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