A recent report published by Infinium Global Research on pizza market provides in-depth analysis of segments and sub-segments in the global as well as regional pizza market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pizza market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global pizza market. According to the report, the global pizza market is projected to grow at a CAGR of 6.1% over the forecast period of 2019-2025.
Market Insight
Pizza is a flavorful Italian dish, containing a round, flattened base of wheat-based bread topped with cheese, tomatoes, and various other ingredients baked at a high temperature. The global pizza market is expected to grow at a beneficial rate over the forecast period. This is mainly due to the increasing demand for ready to eat products and changes in consumer eating habits. Furthermore, organizations like PETA have been working with pizza chains across the globe, to enlarge their meat-free and dairy-free alternatives in their menu. These partnerships are playing a vital role in the growing demand for vegan pizza. The growing consumer demand for convenient food products has led to the development and implementation of new technologies in the food industry.
The rising demand for convenient food and ready to eat food products is one of the major factors driving the growth of the pizza market across the globe. Rapidly changing demographics and lifestyles of people due to increasing industrialization and urbanization are increasing the demand for food that is ready to eat and easily consumed. Moreover, the increase in disposable income is expanding the demand for pizza across the globe. Furthermore, changing dietary habits of consumers is supporting the growth of the pizza market. Most of the urban population nowadays prefer fast food such as pizzas for their breakfast. However, growing health concerns associated with the consumption of fast food like pizzas and burgers are the major factor that may hamper the growth of the pizza market. Nonetheless, the introduction of organic ingredients, the growing usage of social media, and preferences of consumers create an opportunity for the growth of the pizza market over the next few years.
In terms of region, North America holds the highest market share and is expected to dominate the global pizza market over the forecast period. The dominance of the North America market is mainly due to the fast-paced life and higher spending capacity of individuals in the region. Moreover, the presence of the leading players in the region is likely to boost the growth of the pizza market in North America.
Segment Covered
The report on global pizza market covers segments such as crust, topping, and distribution channels. On the basis of crust, the sub-markets include thin crust, extra thin crust, deep-dish, and other crust types. On the basis of topping, the sub-markets include meat topping, and vegetable topping. On the basis of distribution channels, the sub-markets include food chain service, and retail.
Companies Profiled:
The report provides profiles of the companies in the market such as Boston Pizza, California Pizza Kitchen, Domino's Pizza, Inc., Papa John's Pizza, Papa Murphy's, Telepizza, Godfather's Pizza, Marco's Pizza, Pizza Capers, and Pizza Delight.
Report Highlights:
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the pizza market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
