IMARC Group, a leading market research company, has recently releases report titled “Pizza Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” offers a comprehensive analysis of the industry, which comprises insights on the pizza industry analysis. The global pizza market size reached US$ 148.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 222.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.45% during 2024-2032.Request For Sample Copy of Report: www.imarcgroup.com/pizza-market/requestsample
Factors Affecting the Growth of the Pizza Industry:
Increasing Demand for Convenient Food Products:
The rising adoption of convenient meal options to cater to busy lifestyles and hectic working schedules of individuals is propelling the growth of the market. In line with this, pizza can be quickly prepared, which makes it an easy-to-go option for people. Moreover, the wide availability of pizza through various food service establishments, such as cafes, restaurants, pubs, and clubs across the globe, makes it a convenient food solution for consumers. Apart from this, the increasing demand for frozen pizza that provides hassle-free cooking experience is bolstering the market growth.
Innovations in Pizza Preparation:
Technological advancements, such as pizza-making robots can prepare pizza dough, spread sauce, and add toppings with precision and speed, which is contributing to the growth of the market. In addition, these machines benefit by improving consistency and reducing labor costs. Besides this, pizzerias are increasingly utilizing data analytics and artificial intelligence (AI) algorithms to analyze ordering habits, feedback, and preferences of individuals. This information helps them tailor promotions, menus, and marketing strategies. Furthermore, advanced ovens are equipped with smart technology that ensures precise cooking times and temperatures, resulting in delicious pizzas.
Rising Demand for Diverse Flavors:
The rising demand for pizza with diverse flavors and toppings is contributing to the growth of the market. In addition, consumers can choose from an array of creative and unique pizza options that cater to various taste preferences. Besides this, innovations in pizza flavors, such as classic pepperoni, margherita, and exotic combinations like barbecue chicken or Hawaiian are attracting a wider consumer base. Moreover, increasing preferences for pizza made from whole wheat options and having fewer preservatives among health-conscious consumers is supporting the market growth.
Leading Companies Operating in the Global Pizza Industry:
Boston Pizza
California Pizza Kitchen Inc.
CEC Entertainment LLC
Chicago Pizza
CICI ENTERPRISES LP
Domino’s Pizza Inc.
FAT Brands Inc
Godfather's Pizza
MOD Super Fast Pizza LLC
Papa Murphy’s International (Papa Murphy's Holdings, Inc.)
PepsiCo Inc.
Pizza Capers (Retail Food Group Limited)
Pizza Ranch
Pizza Market Report Segmentation:
By Type:
Non-vegetarian Pizza
Vegetarian Pizza
By Crust Type:
Thick Crust
Thin Crust
Stuffed Crust
By Distribution Channel:
Quick Service Restaurants (QSR)
Full-Service Restaurants (FSR)
Others
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa