According to Future Market Insights, the frozen pizza market size is forecast to reach US$ 18.32 Bn in 2021. The frozen pizza demand outlook is expected to remain positive with the market value projected to reach US$ 32.89 Bn by 2031 at a CAGR of 6.0% during 2021-31.
Frozen food sources arose among the quickest developing staple classifications in the midst of COVID-19. Huge measured frozen pizzas deals are relied upon to represent over half of the worldwide worth offer, through 2031. The COVID-19 emergency constrained individuals to eat at home more regularly, bringing about a spike in frozen pizza deals. The business is relied upon to keep on filling in the coming decade, impacted by organizations’ information about buyer inclination as far as assortment and evaluating of frozen pizzas, combined with how every now and again customers are probably going to get them.
The market is becoming because of rising urbanization, dispensable earnings, and the interest for western-style slims down. Expanding interest for top notch fixings that will satisfy the longing for advancement in the free-from and “on the go” food classifications is relied upon to push the business ahead.
“The top frozen pizza market players have a well-defined product classification system. Manufacturers are concentrating their research and development (R&D) efforts on generating products that mimic freshly prepared pizza with superior nutrition to boost their revenue streams, creating a conducive environment for growth through the end of 2031,” said a lead analyst at FMI.
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Key Takeaways from the Frozen Pizza Market Study:
- The U.S. is an innovator in the frozen pizza market, representing 80.9% of the North America market in 2021, upheld by good shopper buy designs.
- Italy holds the lead in the Europe market with a portion of almost 16%, attributable to developing utilization as a staple food.
- Brazil represents more than 32% of the Latin America market in 2021, supported by good changes in shopper food inclinations.
- Flimsy covering pizza represents a piece of the pie of 63.3% in 2021, attributable to the inclination for low-calorie items.
- Meat garnishes are expected to observe rewarding development with a CAGR of 6.8%, upheld by a somewhat enormous meat-eating buyer base.
Developing frozen pizza utilization is empowering makers to make items with longer timeframes of realistic usability. Driving food and drink firms are relied upon to add to the development of the worldwide frozen pizza market by with systems to foster new character definitions, and investigate already undiscovered business sectors in arising economies.
Some of the leading companies offering frozen pizza include Frozen Specialties Inc., Nestle S.A., Jubilant Foodworks Limited, Oetker GmbH, Convenio, Foods Pvt. Ltd, Daiya Foods Inc., Giovanni’s frozen pizza, Monte Pizza Crust B.V, General Mills Inc, McCain Foods Ltd, Dr., Connies Pizza, Conagra Brands, Inc. and others.