A recent report published by Infinium Global Research on the frozen pizza market provides an in-depth analysis of segments and sub-segments in the global as well as regional frozen pizza market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional frozen pizza market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global frozen pizza market. According to the report, the global frozen pizza market is projected to grow at a CAGR of 6.98% over the forecast period of 2019-2025.
The growing consumer demand for convenient food products has led to the development and implementation of new technologies in the food industry. Frozen pizza is one of the most purchased convenient food products in retail food stores. Frozen pizza market has sustained its revenue through the altering nature of the processed foods industry and growing popularity. Leading players in the market including McCain Foods Ltd., Hansen Foods, LLC, Daiya Foods Inc., Dr. Oetker GmbH and others are introducing new types and ingredients to cater to the taste of the regional consumer. They are also introducing new types of crusts and toppings according to the popularity in the region. Specialty pizzas such as vegan frozen pizzas are gaining popularity among customers with special requirements. The premium brands are also offering handmade flatbread for pizza crust to attract more customers. The vendors are responding to the growing demand of customers for high-quality and innovative products by adopting new techniques, and ingredients, while maintaining the convenience and price.
The growing demand for convenience food and ready to eat food products is majorly driving the frozen pizza market. Growing industrialization and increasing the working class population, particularly the working women population have led to the fast pace life of the consumers, which requires food that is ready to eat and easily consumed. Moreover, the increase in disposable income is expanding the demand for frozen pizza. Furthermore, changing the eating habits of consumers is supporting the growth of the frozen pizza market. Most of the urban population nowadays prefer fast food such as pizzas for their breakfast. However, the rise in the health concerns associated with the consumption of fast food like pizzas and burgers is the majorly restraining the growth of the frozen pizza market. Nevertheless, the growing demand for specialty pizzas such as gluten-free pizza and dairy free pizza for the consumers having gluten or lactose intolerance is expected to offer lucrative opportunities for the key players in the frozen pizza market.
On the basis of the region, North America generated the highest revenue for frozen pizza, dominating the global market. The largest market share of the North America region attributed 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 expected to boost the growth of the frozen pizza market in North America.
The report on the global frozen pizza market covers segments such as crust, topping, and distribution channel. On the basis of crust, the sub-markets include regular 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 channel, the sub-markets include food chain service, and retail.
The report provides profiles of the companies in the market such as McCain Foods Ltd., Nestlé S.A., Hansen Foods, LLC, Daiya Foods Inc., Dr. Oetker GmbH, Conagra Brands Inc., Schwan's Company, Amy's Kitchen, Inc., General Mills, Inc., Atkins Nutritionals, Inc., and Other Companies.
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 frozen 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.