The global frozen pizza market is projected to grow significantly between 2023 and 2033. According to Future Market Insights, the market is expected to exceed USD 20,196 million in 2023 and reach approximately USD 35,994 million by 2033. This growth is anticipated to occur at a compound annual growth rate (CAGR) of 6% during the forecast period.
The frozen pizza market is expanding due to increasing urbanization, rising disposable incomes, and growing interest in Western-style diets. The trend of eating at home more frequently has driven a surge in frozen pizza sales. This industry is projected to continue its growth over the next decade, fueled by companies’ insights into consumer preferences regarding variety, pricing, and purchase frequency. The demand for high-quality ingredients that cater to innovations in free-from and convenient food options is also expected to propel market growth. Additionally, the extended shelf life, easy availability, and affordability of frozen pizza further support the market’s expansion.
Key Takeaways from Frozen Pizza Market:
- The global frozen pizza industry size developed at a CAGR of 2.4% from 2018 to 2022.
- In 2018, the global market size stood at US$ 17,660.5 million.
- The global market size stood at US$ 19,419.20 million in 2022.
- Thin crust accounted for a maximum share of 63.3% of the global frozen pizza market in 2022.
- Store-based retailing held a dominant share of more than 66.3% in 2022.
- The large pizza segment accounted for 51.3% of the global market in 2022.
- In 2022, the United States captured 17.2% shares in the global market.
- In 2022, China captured 4.8% shares in the global market.
- In 2022, India captured 25.2% shares in the global market.
Competitive Landscape
Increasing consumption of frozen pizza is prompting manufacturers to develop products with extended shelf lives. Major food and beverage companies are anticipated to drive global growth in the frozen pizza market by innovating new flavor formulations and exploring untapped markets in emerging economies.
Recent Developments
- In June 2021, Brazi Bites announced the launch of a new product line – Pizza’nadas, a fusion of frozen pizzas and empanadas, for sale to consumers in the United States.
- Dr. Oetker announced the expansion of its Ristorante frozen pizza range with the launch of a new Vegan Society-certified Ristorante Margherita Pomodori pizza for consumers in the United Kingdom.
- Ole & Lena’s Pizzeria announced expansion plans to include wholesaling operations for frozen pizza offerings through retailers such as Walmart for select locations in the United States.
Key Players
- Frozen Specialties Inc.
- Jubilant Foodworks Limited
- Convenio Foods Pvt. Ltd.
- Giovanni’s Frozen Pizza
- Monte Pizza Crust B.V.
- General Mills Inc.
- Nestle’ S.A.
- McCain Foods Ltd.
- Dr. Oetker GmbH
- Daiya Foods Inc.
- Connies Pizza
- Conagra Brands Inc.
- Others
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Market Segmentation
By Crust Type:
- Thin Crust
- Thick Crust
- Stuffed Crust
By Toppings:
- Cheese
- Meat
- Fruits and Vegetables
- Others
By Sales Channel:
- Store-based Retailing
- Convenience Stores
- Discounters
- Forecourt Retailers
- Hypermarkets
- Supermarkets
- Food Specialist
- Online Retail
By Size Type:
- Small
- Medium
- Large
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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