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Frozen Pizza Market Size, Development and Forecast | 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.

06-10-2020 05:26 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Frozen Pizza Market

Frozen Pizza Market

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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Rise in demand for convenience food is the key factor that drives the frozen pizza market.

In terms of value, Asia-Pacific and LAMEA collectively contributed approximately one-fifth share in the global market in 2016. Growth in urban population, rise in disposable income, and increase in number of retail chains in China, India, and Brazil are expected to drive the growth in these regions.

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.

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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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