Market Research Report
Frozen Pizza Market Size, Share & Trends Analysis Report By Product (Regular, Medium, Large), By Distribution Channel (HoReCa, Offline Sales, Online Sales), By Region, And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||952704|
|Published||Content info||80 Pages
Delivery time: 2-3 business days
|Frozen Pizza Market Size, Share & Trends Analysis Report By Product (Regular, Medium, Large), By Distribution Channel (HoReCa, Offline Sales, Online Sales), By Region, And Segment Forecasts, 2020 - 2027|
|Published: July 31, 2020||Content info: 80 Pages||
Market Growth & Trends
The global frozen pizza market size is expected to reach USD 25.2 billion by 2027, expanding at a CAGR of 3.2%, according to a new report by Grand View Research, Inc. Rising demand for the ready-to-eat food coupled with the immense popularity of pizzas among millennials, the young generation, and the working-class population across the globe is the key factor for market growth. Moreover, changing lifestyles and food preferences owing to a busy work schedules are also offering new scope for the market.
Over the past few years, pizza has achieved massive popularity as an iconic dish among the young generation and working-class population across the world. Moreover, rising house party culture is offering new market opportunities across the globe. Frozen pizzas have evolved as a ready to prepare food item for small get together. It takes less than 20 minutes to be prepared and contains a healthy dose of veggies, carbohydrates, protein, calcium, fats, and vitamins. It is often enjoyed with salads and fizz drinks, which makes it perfect for small gatherings. These consumer trends are anticipated to drive the market over the forecast period.
North America dominated the market and accounted for a revenue share of more than 35.0% in 2019. The U.S. and Canada are the largest consumers of frozen food owing to their higher shelf life and popularity. The popularity of such products is so high in the U.S that the 'National Pizza Day' is celebrated every year on the 9th of February. Moreover, according to Alto-Hartley, Inc., a kitchen equipment and installation company in the U.S., more than 40.0% of the U.S. population eats pizza every week. These consumer trends are propelling the demand for the product in the regional market.