Frozen Pizza Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)
The global frozen pizza market is estimated to grow at a CAGR of 6.1% during the forecast period. The increasing shift towards the western diet and expansion of fast-food retail chains are some pivotal factors driving the consumption of frozen pizza. Frozen pizzas have been gaining immense popularity among college students and busy families. Rising urbanization and increasing disposable income are leading to an emerging shift towards frozen pizza. As per the United Nations (UN), in 2018, 55% of the global population lives in urban areas, which is expected to increase to 68% by 2050. The global urban population has increased rapidly from 751 million in 1950 to 4.2 billion in 2018.
With the increasing urbanization
and disposable income, the expansion of food service chains such as McDonald’s,
Domino's Pizza, and Pizza Hut have been witnessed globally. The increasing food
service chains are supporting to meet the increasing demand for frozen pizza
among the population largely following western diets. As a result, some new
launches of new innovative frozen pizza have been reported cater to the needs
of millennials and children. For instance, in July 2020, Urban Pie Pizza Co.
launched a pizza produced with hemp seeds to the frozen aisle. These hemp-infused
crusts are a first in the frozen aisle. Hemp seeds are a potential source of
plant-based protein and it contains essential fatty acids such as Omega-3 and
Omega-6.
Several consumers use frozen
pizza to reduce inflammation. The company’s new series features an artisan
crust baked with hulled hemp seeds. All pizzas of the company utilize 100% real
recombinant bovine somatotropin (rBST)-free cheese and meats and are free from
preservatives, artificial colors, and flavors. In the new artificial hemp crust
line, the company offers four varieties, which include Chicken Pesto, Spinach
& Roasted Mushroom, Pepperoni & Chicken Sausage, and 6-Cheese. The
frozen pizza market has been witnessing an influx of cannabis and plant-based
proteins that may further encourage its consumption. In addition, the
availability of gluten-free frozen pizza is offering an opportunity for the
growth of the market.
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Frozen Pizza
Market Segmentation
By Product
·
Regular
·
Premium
·
Gourmet
By Source
·
Retail
·
Food Service Chain
A full Report of Frozen Pizza
Market is Available @ https://www.omrglobal.com/industry-reports/frozen-pizza-market
Regional
Analysis
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the World
Company Profiles
·
Amy's Kitchen, Inc.
·
Atkins Nutritionals, Inc. (Simply Good Foods
USA, Inc.)
·
Bellisio Foods, Inc.
·
Bernatello's Foods
·
California Pizza Kitchen, Inc.
·
Caulipower LLC
·
CJ CheilJedang Corp.
·
Conagra Brands Inc.
·
Convenio Foods International Pvt.Ltd.
·
Daiya Foods Inc.
·
Dr. August Oetker Nahrungsmittel KG
·
General Mills Inc.
·
Hansen Foods, LLC
·
McCain Foods, Ltd.
·
Nestlé S.A.
·
Newman’s Own, Inc.
·
One Planet Pizza
·
Orkla ASA
·
Palermo Villa, Inc.
·
Südzucker AG
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