Frozen Pizza Market Gross Margin by Profit Ratio of Region, and Forecast 2032

Frozen Pizza Market Overview

The Frozen Pizza Market is expected to register a CAGR of 7.13% from 2021 to 2032 and hold a value of over USD 42,119.88 million by 2032.

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 global frozen pizza market 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 frozen pizza 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 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 frozen pizza 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.

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

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