Frozen Pizza Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Frozen Pizza Market.
Global Frozen Pizza Market size is projected to reach a CAGR of 6.1% from 2023-2030.
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The prominent players in Frozen Pizza Market are
· Bellisio Foods Inc.
· Hansen Foods, Inc.
· Nestle SA
· One Planet Pizza
· Daiya Foods Inc.
· McCain Foods Ltd.
· Oetker GmbH
· California Pizza Kitchen, Inc.
· Atkins Nutritionals, Inc.
· Freiberger Lebensmittel Gmbh Co. and More
Key Findings of Frozen Pizza Market:
· The product segment is further fragmented into Regular, Medium, and Large. Regular frozen pizza was the largest product segment and is anticipated to dominate the market during the forecast period. These regular-size products are widely consumed among young generations, millennials, and the working-age population. The rising number of working-class women is propelling the demand for regular-sized frozen pizza in the global market.
· The distribution channel segment is further fragmented into HoReCa, Offline sales, and Online sales. HoReCa (Hotel/Restaurant/Café) was the largest distribution channel segment and is anticipated to dominate the market during the forecast period. Increasing the occurrence of QSR (Quick Restaurant Services) chains owing to the greater dependency of the younger population on fast food joints is increasing.
· The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America was the largest market for frozen pizza and is anticipated to dominate the market during the forecast period. The U.S. and Canada are the largest consumers of frozen products owing to the higher shelf life and the popularity of frozen pizzas in these countries.
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Frozen pizza is a half-baked pizza that is prepared using yeasted flatbread dough and stored for later consumption. It is usually topped with different kinds of cheese, sauces, and meats such as ham and chicken. Once prepared, frozen pizzas are preserved at very low temperatures, i.e., flash-frozen to lock in their nutritional value and taste. In comparison to freshly baked pizzas, frozen pizzas need to be cooked further before consumption. They also have a longer shelf life, are economical, and assist in reducing the overall wastage of food.
North America to Dominate the Frozen Pizza Market:
· North America was the largest market for frozen pizza and is anticipated to dominate the market during the forecast period.
· The U.S. and Canada are the largest consumers of frozen products owing to the higher shelf life and the popularity of frozen pizzas in these countries.
In addition to that, cooking frozen pizza is easy and less time-consuming which enabled the growth of this market as they are a convenient choice for busy consumers. When comes to pizza, there are a lot of flavors and topping choices available to the customers which makes them feel joy and eventually grows the frozen pizza market in the next coming years.
Recent Developments
In June 2021, Dr. Oetker GmbH announced the launch of its first vegan Ristorante frozen pizza in the UK. The Ristorante Margherita Pomodori pizza has a thin, crispy crust and features a vegan cheese alternative.
In November 2021, California pizza kitchen announces the Canadian expansion plans in Vancouver, BC, and Toronto, Ontario, with select franchise partners. This expansion will help to improve overall operations to be a more productive and efficient way to increase overall capacity.
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· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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