Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 26.36 Billion | USD 46.24 Billion | 5.78% | 2024 |
The global frozen pizza market size was worth around USD 26.36 Billion in 2024 and is predicted to grow to around USD 46.24 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.78% between 2025 and 2034. The report analyzes the global frozen pizza market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the frozen pizza industry.
Frozen pizza is flat round-based dough baked with vegetables and meat toppings according to the preference of consumers. It is the staple and most popular food of Europe and North America. It is also sold across the world as fresh or frozen eatable which people consume on daily basis.
The nutritional aspect of the food is exceptional since it is a blend of cheese and vegetables which is rich in proteins. Freezing the food retains its texture, taste, and prolongs its nutritional value and life for a longer time.
It has attained massive popularity amongst the millennials and working-class population as it has evolved as a ready-to-prepare food item that is available everywhere. Its accessibility and abundance have made it a common food item to be devoured in mass gatherings.
It is usually served in restaurants with salads and aerated drinks which makes it a perfect party food. The pizza meal with the combination of salads is a mix of all nutrients such as carbohydrates, protein, calcium, fats, and vitamins.
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Increase in recent demand for high-quality ingredients combined with blooming urbanization will boost market growth
Rising urbanization, disposable incomes, and demand for high-quality ingredients are expected to move the business of frozen pizza forward. The increase in the adoption of western-style diets is also expected to spike the demand for frozen pizza considerably. The rising consumption quotient of ready-to-eat packaged foods across the world boosts the market growth excessively as well. Apart from all this, the mere fact that it requires minimal preparation proves to be the biggest growth driver for the global frozen pizza market.
Other miscellaneous factors which support the market are the tendency of the food item to be preserved for longer periods, easy availability, and affordable pricing. In addition to this, a large number of retail chains have emerged elsewhere in the world which indirectly augments the growth of the market. The popularity of the food item seems to have improved because of the prevalence of health-conscious gluten-free consumers across the world. This popularity, in turn, fuels the growth of the global market exclusively.
The notion that frozen pizzas are less nutritious than freshly prepared food items hampers the market growth
Growing preferences for freshly prepared items along with inflation of raw materials are the restraints of the global frozen pizza industry. People also perceive frozen foods to be unhealthy when compared to foods that are freshly cooked. Rural areas and remote places in the world suffer from a lack of freezing equipment which also tends to be a hindrance to market growth considerably.
Growing R&D activities in cold storage activities combined with improvisations in freezing technology induce investment opportunities for the market
Cold storage is a staple component of the food business in many countries. There have been many new advancements in cold storage technology recently which gives rise to exceptional investment opportunities for the frozen pizza market. Apart from this, frozen pizza manufacturers have recently upgraded the freezing technology across the world which benefits the market to a large extent. There has also been a considerable increase in the emergence of fast-food outlets in different parts of the world that have triggered the expansion of the global market with exceptional opportunities.
The surge in the demand for fast food items poses a challenge for the global market
The gradual increase in the purchasing power of customers across the world has given rise to excessive demand for fast foods. The fact that they are very convenient and also require less preparation time has spiked the consumption of frozen pizzas amongst the working population. This factor also comes across as a bigger challenge for the manufacturers of frozen pizza who try to satisfy this surge in demand by increasing their production.
Rising raw material prices act as a bigger challenge for the market
Health awareness seems to have improved and it continues to grow. The vegetables and meats needed to prepare frozen pizzas have become important factors to maintain the nutrient richness of the food item. The inflation of these raw items poses a challenge for the frozen pizza industry considerably.
The global frozen pizza market in this research analysis is divided into category, crust type, size, distribution channels, end-users, and region.
The category is classified as conventional and gluten-free.
Distribution channels are hypermarkets, convenience stores, specialty stores, supermarkets, and non-store-based.
The end-users are the working-class population, young-generation consumers, and old-generation consumers.
Based on crust type, the frozen pizza industry is bifurcated into pan crust, thin crust, stuffed crust, and others. The thin crust segment held the largest market share in 2022 and is further expected to occupy a dominant status and simultaneously grow exponentially at a rapid CAGR during the forecast period. The reason behind the growth of this segment is that thin-crust pizzas have significantly lesser calories than traditionally stuffed or pan-crust pizzas. Besides, more people tend to prefer crispy, thin pizzas for a better taste of the dough. Thus, a rise in health consciousness and awareness among people and a change in lifestyle and preference among people drive the growth of the segment during the forecast period.
Based on size, the frozen pizza industry is bifurcated into large, medium, and regular. The medium frozen pizza segment held an approving market share in 2022 and is further predicted to cite the fastest CAGR during the forecast period. The major reason for the growth of this segment is the rapid inclination of medium frozen pizza among the working-class population across the globe as they tend to switch to ready-to-eat or easy-to-cook food to cope with their busy and hectic schedules.
In addition, the growing popularity of house parties among college grads and millennials drives the growth of the segment. Furthermore, rising sales of medium frozen pizzas in the retail food services sector along with expanding culture of clubs and pubs further drive the demand for a medium-sized product that in turn drives the growth of the segment during the forecast period.
In September 2022, Dr. Oetker Poland, a dominant multinational FMCG company, announced that they have collaborated with Violife, an innovative vegan cheese company, in order to launch a plant-based pizza. The indigenous plant-based pizza from Dr. Oetker will contain mildly spicy tomato sauce, mushrooms, green pepper, tomatoes, and the signature cheddar flavor cheese from Violife.
In November 2021, HyFun Foods, a dominant producer and exporter of frozen snacks in India, announced the launch of its new variants of frozen pizza lines namely Veggie Paradise, Tandoori Paneer, Garden Fresh, and Classic Margherita for QSR. The company claims the baking time of these frozen pizza variants to be between 7-9 minutes and is 100% vegetarian, ideally meeting the QSR menu.
In July 2021, Conagra Brands launched new frozen food products with better taste, convenience, and nutritional value.
In November 2021, California Pizza Kitchen announced expansion plans in Canada that improve overall operations and become more effective.
Report Attributes | Report Details |
---|---|
Report Name | Frozen Pizza Market |
Market Size in 2024 | USD 26.36 Billion |
Market Forecast in 2034 | USD 46.24 Billion |
Growth Rate | CAGR of 5.78% |
Number of Pages | 194 |
Key Companies Covered | Dr. Oetker, General Mills, Inc., Freiberger Lebensmittel GmbH & Co. Kg., Conagra Brands Inc., Daiya Foods, Palermo Villa, Brazi Bites Nestle S. A., One Plant Pizza, Pinnacle Food Inc., Amy’s Kitchen Inc., Kraft Foods Group, Allens, Inc., Hansen Foods, LLC (Private Label), McCain Foods Ltd., Atkins Nutritionals, Inc., Bellisio Foods Inc., Schwan Food Co., and California Pizza Kitchen., and others. |
Segments Covered | By Crust Type, By Topping, By Distribution Channel, By Product Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to witness considerable growth during the forecast period
North America dominates the global market as it is the largest consumer of frozen food due to its popularity and long shelf life. The working population of North America is highly reliant on fast food which increases the demand for frozen pizzas in that region. Europe trails as the second-largest regional market of frozen pizza because of the increasing consumer inclination towards healthy and convenient food alternatives that are necessitated by the busy work life in this region. Here, the manufacturers have also come up with expansion strategies for the market by increasing their availability. The growth of the urban population and the increase in the emergence of retail chains in Asia Pacific region boosts growth in the frozen pizza market as well.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the frozen pizza market on a global and regional basis.
The key players in the global frozen pizza market are:
Global frozen pizza market segmentation follows
By Category
By Crust Type
By Size
By Distribution Channels
By End-use
By Region
FrequentlyAsked Questions
Frozen pizza is flat round-based dough baked with vegetables and meat toppings according to the preference of consumers. The nutritional aspect of the food is exceptional since it is a blend of cheese and vegetables which is rich in proteins. Freezing the food retains its texture, taste, and prolongs its nutritional value and life for a longer time.
The global frozen pizza market is expected to grow due to Busy lifestyles and growing preference for convenient, ready-to-eat meals drive market growth. Product variety and improvements in taste and quality support expansion.
According to a study, the global frozen pizza market size was worth around USD 26.36 Billion in 2024 and is expected to reach USD 46.24 Billion by 2034.
The global frozen pizza market is expected to grow at a CAGR of 5.78% during the forecast period.
North America dominates the market as the largest consumer of frozen food due to its popularity and long shelf life. The working population of North America is highly reliant on fast food which increases the demand for frozen Pizzas in that region.
The key players in the global frozen pizza market are Dr. Oetker, General Mills, Inc., Freiberger Lebensmittel GmbH & Co. Kg., Conagra Brands Inc., Daiya Foods, Palermo Villa, Brazi Bites Nestle S. A., One Plant Pizza, Pinnacle Food Inc., Amy’s Kitchen Inc., Kraft Foods Group, Allens, Inc., Hansen Foods, LLC (Private Label), McCain Foods Ltd., Atkins Nutritionals, Inc., Bellisio Foods Inc., Schwan Food Co., and California Pizza Kitchen.
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