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Frozen Pizza Market Growing at a CAGR of 6.4% by 2023 with Leading Companies Like Nestl S.A., Dr. Oetker, General Mills, Inc., Daiya Foods Inc., Amy's Kitchen, Inc., and Palermo Villa, Inc.

04-01-2020 05:56 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Frozen Pizza Market

Frozen Pizza Market

Key Findings of the Frozen Pizza Market:
North America accounted for the largest market share and is expected to grow at a significant CAGR of 6.2% from 2017 to 2023, followed by Europe, in terms of value.
In 2016, regular thin crust segment is expected to grow at the highest CAGR of 6.9%.
In 2016, meat topping accounted for the highest market share and is expected to grow at the highest CAGR of 7.2%
In 2016, Asia-Pacific is anticipated to grow at the highest CAGR of 8.8%.
In 2016, the U.S. generated the highest revenue, accounting for approximately two-fifths share in the global market.

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The key players operating in the global frozen pizza market are Nestl S.A., Hansen Foods, LLC (Private Label), Schwan Food Co., Dr. Oetker, General Mills, Inc., Freiberger Lebensmittel GmbH & Co. KG., Conagra Brands Inc., Daiya Foods Inc., Amy's Kitchen, Inc., and Palermo Villa, Inc.

The Global Frozen Pizza Market was valued at $11,113 million in 2016, and is projected to reach $17,296 million by 2023, registering a CAGR of 6.4% from 2017 to 2023. The fast-paced lifestyle of individuals has enforced them to seek convenient solutions. Growth in demand for convenience food has led the foundation for the frozen pizza market. However, consumers want frozen pizzas that are healthier and have real and authentic food attributes. Frozen pizzas are today perceived as premium food products. The different types include regular thin crust, extra thin crust, deep-dish, and others, such as classic/thick crust, stuffed crust, and rise crust. Health consciousness among the consumers has led to the growth in popularity of gluten free frozen pizza supplementing the market growth. Other factors such as increased disposable income, rise in standard of living, and rapid increase in number of large retail chains further fuels the market growth.

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Segments Review:
The global frozen pizza market is segmented based on crust type, toppings, distribution channel, and region. Based on crust type, the market is divided as regular thin crust, extra thin crust, deep-dish, and others. By topping, it is classified as meat topping and vegetable topping. By distribution channel, it can be classified into food chain services and retail. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global frozen pizza market is segmented based on crust type, toppings, distribution channel, and region. Based on crust type, the market is divided as regular thin crust, extra thin crust, deep-dish, and others. By topping, it is classified as meat topping and vegetable topping. By distribution channel, it can be classified into food chain services and retail. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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