Pizza Market Share 2023, Growth Analysis, Sales Revenue, Research Report 2028

How Big is The Pizza Market?

IMARC Group, a leading market research company, has recently releases report titled "Pizza Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The global pizza market size reached US$ 141.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 192.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

What is Pizza?

Pizza, originating from Italy and celebrated for its rich and delectable flavors, is crafted from a circular, flattened base of wheat bread dough. This foundation is adorned with a savory blend of cheese, meats, vegetables, and an array of seasonings. Typically, pizza is swiftly cooked at elevated temperatures in a wood-fired oven. The process involves kneading fermented flour dough, incorporating yeast, shaping it into a pie-like structure, applying a sauce crafted from pureed tomatoes infused with spices, adding an assortment of vegetables, and subjecting it to the baking process. Pizza has emerged as a popular choice for breakfast, lunch, dinner, or even as a snack, thanks to its quick and convenient preparation. While pizza traditionally boasted a round shape and was served in wedges, it has evolved over time to encompass various forms, including rectangular and square, offering a diverse range of toppings to suit every palate.

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What are the growth prospects and trends in the Pizza Industry:

The pizza market is witnessing substantial growth, primarily driven by increased consumption of this dish in developing economies. This shift can be attributed to the trend of Westernization, which is influencing changes in consumer dietary preferences. Additionally, the market is benefiting from the rising demand for ready-to-eat (RTE) and convenience foods, especially among the working population with hectic lifestyles. The surge in popularity of online ordering through websites and mobile apps is further fueling market growth. Moreover, the introduction of customized pizzas with innovative toppings and crust options is enhancing the global market's appeal. Continual technological advancements, including customer preference tracking analytics, robotic automation, ghost kitchens, and integrated third-party delivery systems, are also significant contributors to market growth. The development of healthier pizza options, such as vegan, low-calorie, and gluten-free varieties, along with increased marketing efforts by leading players, rising disposable incomes, and the expansion of the food and beverages (F&B) industry, are expected to drive the pizza market in the foreseeable future.

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Who are the key players in the Pizza Market?

• Boston Pizza
• California Pizza Kitchen Inc.
• CEC Entertainment LLC
• Chicago Pizza
• CICI ENTERPRISES LP
• Domino's Pizza Inc.
• FAT Brands Inc.
• Godfather's Pizza
• MOD Super Fast Pizza LLC
• Papa Murphy's International (Papa Murphy's Holdings, Inc.)
• PepsiCo Inc.
• Pizza Capers (Retail Food Group Limited)
• Pizza Ranch, etc.

What is included in market segmentation?

Type Insights:
• Non-vegetarian Pizza
• Vegetarian Pizza

Crust Type Insights:
• Thick Crust
• Thin Crust
• Stuffed Crust

Distribution Channel Insights:
• Quick Service Restaurants (QSR)
• Full-Service Restaurants (FSR)
• Others

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Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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