Frozen Pizza Market Projected to Reach US$ 35,994 million by 2033, Surging at a Robust CAGR of 6% | Future Market Insights

Frozen Pizza Market

 

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.

The frozen pizza market offers additional flavour, dough, and topping alternatives. Pizzas that may be tailored to a range of tastes are becoming increasingly popular. Customers can select their pizzas based on their interests and dietary requirements because they are so varied. Furthermore, frozen pizzas are available in a variety of sizes, allowing for smaller servings for individual diners as well as bigger ones for parties or special events.

Demand for frozen pizza has increased as culinary preferences have become more global and Western eating habits have spread. Frozen pizza is becoming increasingly popular as a dinner choice, especially in locations where traditional pizza culture is less strong.

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Frozen pizza manufacturers have worked hard over the years to improve the quality of their products. Innovations in food processing and packaging have improved the flavour, texture, and quality of frozen pizzas. As a result, customers now think frozen pizzas are better than freshly baked pizzas. Frozen pizza manufacturers have begun to provide premium ingredients such as whole wheat crusts, reduced-fat cheese, and organic toppings in order to appeal to health-conscious consumers. These healthier alternatives have expanded the frozen pizza business by luring customers seeking a combination of 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)

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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