The pizza market is to increase by USD 68.24 billion by 2029: Cognitive Market Research

The Global Pizza market size was USD 42.18 billion in the year 2022 and is projected to reach USD 68.24 by 2029 at a CAGR of 6.1% from 2022-2029, according to Cognitive Market Research analysis.

Read Full Report with Table of Contents:
@https://www.cognitivemarketresearch.com/pizza-market-report

Pizza is a traditional Italian dish consisting of a yeasted flatbread typically topped with tomato sauce, cheese, and various toppings. It is typically baked in an oven and can be served as a main course or as a snack. It is often considered a fast food, but it is also a staple of Italian cuisine.Changing lifestyles and changing food preferences among consumers and growing working populations are some of the key factors driving the market growth. Increasing consumption of pizza in developing countries is driving the growth of the market. Moreover, the growing popularity of online food orders through various online food delivery portals and pizza apps is expected to accelerate the growth of the pizza market.

Regional Analysis of the Pizza Market:
• North America region held the major market share in the year 2022. The United States is the key market for pizza owing to the increasing demand for convenience foods and the highest popularity of pizzas in this region. According to data from the National Association of Pizza Operators (NAPO), Americans consume a staggering 100 acres of pizza a day. About 3 billion pizzas are sold in the U.S. each year. According to Food Industry News, 17 % of restaurants in America are pizzerias.

• Asia Pacific is anticipated to witness the fastest growth during the forecast period, this is attributed to the increasing popularity of pizza in this region and the growing trend of online food delivery in APAC.

Top players involved in this market ar
• Domino's Pizza Inc.
• Godfathers Pizza
• Papa Johns International Inc.
• Marcos Franchising LLC
• Hungry Howie Pizza and Subs Inc.
• CICI ENTERPRISES LP
• Boston Pizza
• California Pizza Kitchen Inc.
• CEC Entertainment LLC
• Others

Current Trends of Manufacturers:
• In the future, Zalat Pizza will expand by opening new outlets.
In January 2023, Zalat Pizza announced to expand the footprint to new 18 locations in DFW, Texas with a new location about to open in the Lakewood/White Rock area on January 31, 2023.

• Domino's Pizza plans a significant expansion in India
In December 2022, Domino's Pizza Inc. announced that it will significantly rise up its retail store network in India, in order to capitalize on the expanding demand for its products in its largest market outside of the US by a number of stores. It plans to add another 1,300 stores across the country, taking its store count to 3,000.

• Taco Bell is officially reintroducing its Mexican Pizza back in Canada
On January 2023, Taco Bell announced that it is reintroducing its famous Mexican Pizza to participating locations in Canada. The Mexican Pizza features ground beef, refried beans, crispy tortillas, and cheese.

• Home Run Inn expands distribution
On January 2023, Home Run Inn announced to the expansion of its frozen pizza distribution to include Albertson's, Kroger, Walmart, Publix, Meijer, and Target stores throughout the US.

Segment Analysis:
By Diet Type
• Non-vegetarian pizza
• Vegetarian pizza

By Diet Type, non-vegetarian pizza holds the major market share in the pizza market. This is due to the increasing popularity of heartier and more filling pizza and non-vegetarian pizza has a wider range of toppings such as pepperoni, bacon, and sausage being popular choices, and these toppings can appeal to people who prefer a wholesome and more filling pizza.

By Pizza type
• Hand Tossed Pizza
• Pan Pizza
• Others

Pan pizzas are becoming worldwide popular due to their thick crust with crispy texture and are topped with sauce, cheese, and other various toppings. On the other side, hand-tossed pizzas are expected to witness the fastest growth during the forecast period.

By Pizza Crust
• Yeasted
• Flatbread
• Others

By Crust Thickness
• Thick Crust
• Thin Crust
• Stuffed Crust

By Distribution Channel
• Quick Service Restaurants (QSR)
• Full-Service Restaurants (FSR)
• Online Food Delivery
• Others

By Distribution Channel, Online Food Delivery holds the major market share in the year 2020. This is due to, the growing demand for quick access to food at customers' convenience and saves time and resources.

Related Report:
• Global Frozen Pizza Market - https://www.cognitivemarketresearch.com/frozen-pizza-market-report
• Global Pizza Cheese Market - https://www.cognitivemarketresearch.com/pizza-cheese-market-report
• Global Bakery Product Market - https://www.cognitivemarketresearch.com/bakery-products-market-report
• Global Commercial Wood-fired Pizza Ovens Market - https://www.cognitivemarketresearch.com/commercial-wood-fired-pizza-ovens-market-report
• Global Pizza Oven Market - https://www.cognitivemarketresearch.com/pizza-ovens-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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