Pizza Market Trends, Size, Demand 2023-2028

The latest research study by IMARC Group, “Pizza Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” offers a comprehensive analysis of the industry, which comprises insights on global pizza market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The market size reached US$ 141.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 192.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.  Pizza represents a flavorful dish of Italian origin, including a round, flattened dough base of wheat bread scattered with a savory topping mixture of meat, vegetables, cheese, and various seasonings. It is typically served hot and prepared in a wood-fired oven at a high temperature and baked within a short span of time. Pizza involves forming a pie shape, kneading the fermented flour dough with yeast, adding pizza sauce from pureed tomatoes seasoned with spices, topping it with vegetables, and baking it. As a fast and convenient lunch, dinner, breakfast, or snack, this dish is a popular food choice on several occasions. Pizza is generally seen as a savory food formed into a round form and served in wedges, but over time, it has evolved to take on various shapes, including rectangular and square, while the toppings for the baked crust have also developed. As a result, pizza is widely gaining traction globally as one of the most popular fast-food products.

Pizza Market Trends and Drivers:

The emerging trend of westernization and the shifting consumer dietary patterns are primarily driving the pizza market. Besides this, the escalating demand for ready-to-eat (RTE) and convenience food products among the working population, owing to their hectic lifestyles, is further augmenting the market growth. Moreover, the introduction of customized pizzas with innovative and exotic toppings and crust types as per the consumer needs and the development of healthier variants, such as vegan, low-calorie, and gluten-free pizzas, are also catalyzing the global market. Apart from this, continual technical advancements, including customer preference tracking analytics, robotic automation, ghost kitchens, and integrated third-party delivery systems, are anticipated to propel the pizza market over the forecasted period. 

Pizza Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Who are the key players in the Pizza Market?

  • Boston Pizza
  • California Pizza Kitchen Inc.
  • CEC Entertainment LLC
  • Chicago Pizza
  • 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, etc. 

The report has segmented the market on the basis of 

Type Insights:

  • Non-vegetarian Pizza
  • Vegetarian Pizza

The report has provided a detailed breakup and analysis of the pizza market based on the type. This includes non-vegetarian pizza and vegetarian pizza. According to the report, non-vegetarian pizza represented the largest segment.

Crust Type Insights:

  • Thick Crust
  • Thin Crust
  • Stuffed Crust

The report has provided a detailed breakup and analysis of the pizza market based on the crust type. This includes thick crust, thin crust and stuffed crust. According to the report, thick crust represented the largest segment.

Distribution Channel Insights:

  • Quick Service Restaurants (QSR)
  • Full-Service Restaurants (FSR)
  • Others

A detailed breakup and analysis of the pizza market based on the distribution channel has also been provided in the report. This includes quick service restaurants (QSR), full-service restaurants (FSR), and others. According to the report, quick service restaurants (QSR) accounted for the largest market share.

Breakup by Region:

  • 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

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

By Tate

I am a professional writer and blogger. I’m researching and writing about innovation, Blockchain, technology, business, and the latest Blockchain marketing trends.

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