Frozen Pizza Market Update 2023: Predicted to Achieve US$ 23.8 Billion Revenue by 2028 - IMARC Group

According to the latest report by IMARC Group, titled "Frozen Pizza Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on frozen pizza market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global frozen pizza market size reached US$ 16.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.

What is Frozen Pizza?

Frozen pizzas are pre-prepared pizzas that are flash-frozen and packaged, offering consumers a convenient and time-saving option for a quick and satisfying meal. This market's growth is primarily driven by changing lifestyles, busy schedules, and an increasing preference for convenient, ready-to-eat food choices. Frozen pizzas come in a variety of flavors, toppings, and sizes, catering to diverse consumer tastes and dietary preferences. It has transcended its image as a mere convenience food to become a favorite choice among individuals and families looking for delicious and diverse meal alternatives. The convenience and affordability of frozen pizzas have made them a popular choice among consumers worldwide, contributing to the market's significant expansion over recent years.

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What are the growth prospects and trends in the frozen pizza industry?

The global market is majorly driven by widespread product consumption among the masses. This can be attributed to the fast-paced modern lifestyle, a rise in dual-income households, the growing trend of urbanization and the increase of the working population. Another significant driver is the increasing consumer awareness and demand for healthier frozen pizza options. Manufacturers are responding to this trend by introducing frozen pizzas with healthier crusts, reduced sodium levels, and organic or plant-based toppings, appealing to health-conscious individuals. Furthermore, the rising popularity of online food delivery platforms has significantly contributed to the growth of the global Frozen Pizza Market. These platforms provide consumers with easy access to a wide range of frozen pizza brands and flavors, making it convenient to order and enjoy their favorite pizzas at their doorstep.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Amy's Kitchen Inc.
• Atkins Nutritionals Holdings Inc. (The Simply Good Foods Company)
• Conagra Brands Inc.
• Daiya Foods Inc. (Otsuka Pharmaceutical Co. Ltd.)
• Dr. Oetker GmbH
• Freiberger Lebensmittel GmbH & Co. (Südzucker AG)
• General Mills Inc.
• McCain Foods Limited
• Nestlé S.A.
• Newman's Own Inc.
• The Kraft Heinz Company

Frozen Pizza Market Segmentation:

Our report has categorized the market based on region, crust type, size, product type, topping and distribution.

Breakup by Crust Type:
• Thin Crust
• Thick Crust
• Stuffed Crust
• Others

Breakup by Size:
• Small
• Medium
• Large

Breakup by Product Type:
• Regular Frozen Pizza
• Premium Frozen Pizza
• Gourmet Frozen Pizza

Breakup by Topping:
• Cheese
• Meat
• Fruits and Vegetables
• Others

Breakup by Distribution:
• Food Chain Services
• Modern Trade
• Departmental Stores
• Online Stores
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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