Global Frozen Pizza Market to Grow at 5.3% During 2024-2032, Fostered by Growing Consumption of RTE Food Products

June 08, 2021 | Food & Beverages

According to the latest report by IMARC Group, titled “Frozen Pizza Market Report by Crust Type (Thin Crust, Thick Crust, Stuffed Crust, and Others), Size (Small, Medium, Large), Product Type (Regular Frozen Pizza, Premium Frozen Pizza, Gourmet Frozen Pizza), Topping (Cheese, Meat, Fruits and Vegetables, and Others), Distribution (Food Chain Services, Modern Trade, Departmental Stores, Online Stores, and Others), and Region 2024-2032,” the global frozen pizza market size reached US$ 17.6 Billion in 2023. Frozen pizzas are prepared using yeasted flatbread dough and topped with chicken, ham, cheese, sauces and vegetables. They are flash-frozen upon preparation to retain their nutritional value and overall taste. As they are convenient, economical, and have a longer shelf life compared to freshly baked pizzas, their demand is escalating around the world.

Global Frozen Pizza Market Trends:

Sedentary lifestyles due to hectic work schedules have positively influenced the demand for easy-to-cook and ready-to-eat (RTE) meal options. This represents one of the key factors supporting the growth of the market. Apart from this, various manufacturers are introducing gluten and dairy-free frozen pizza variants. They are also utilizing innovative toppings, vegan-friendly and organic ingredients, which is creating a favorable market outlook. Furthermore, the increasing number of retail outlets and Quick Service Restaurants (QSRs) are catalyzing the product demand. Some of the other major factors, including rapid urbanization, growing health consciousness among individuals, and rising utilization of advanced technologies for the production, storage and supply of the products, are anticipated to drive the market. Looking forward, IMARC Group expects the market to exhibit a CAGR of 5.3% during the forecast period (2024-2032).

Market Summary:

  • Based on the crust type, the market has been segregated into thin, thick, stuffed, and other crusts. At present, thin-crust frozen pizza accounts for the majority of the total market share.
  • On the basis of the size, the market has been categorized into small, medium, and large. Presently, the medium-sized frozen pizza exhibits a clear dominance in the market.
  • Based on the product type, the market has been segmented into regular, premium, and gourmet frozen pizza. Amongst these, regular product variant holds the largest market share.
  • On the basis of the topping, the market has been divided into cheese, meat, fruits and vegetables, and others. Meat toppings currently account for the majority of the overall market share.
  • Based on the distribution, the market has been classified into food chain services, modern trade, departmental stores, online stores, and others. At present, food chain services dominate the market.
  • Region-wise, the market has been categorized into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
  • The competitive landscape of the market has been examined, with some of the key players being Amy’s Kitchen, Inc., Atkins Nutritionals Holdings Inc. (The Simply Good Foods Company), Conagra Brands, Inc., Daiya Foods Inc. (Otsuka Pharmaceutical Co. Ltd.), Dr. August Oetker Nahrungsmittel KG, Freiberger Lebensmittel GmbH, General Mills, Inc., McCain Foods Limited, Nestle S.A., Newman’s Own, Inc., and The Kraft Heinz Company.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Crust Type, Size, Product Type, Topping, Distribution, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amy's Kitchen Inc., Atkins Nutritionals Holdings Inc. (The Simply Good Foods Company), Conagra Brands Inc., Daiya Foods Inc. (Otsuka Pharmaceutical Co. Ltd.), Dr. Oetker GmbH, Freiberger Lebensmittel GmbH & Co. (Südzucker AG), General Mills Inc., McCain Foods Limited, Nestlé S.A., Newman's Own Inc. and The Kraft Heinz Company
Customization Scope 10% Free Customization
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Global Frozen Pizza Market to Grow at 5.3% During 2024-2032, Fostered by Growing Consumption of RTE Food Products
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