Pizza Market to Grow Worth USD 222.5 Billion by 2032 | Exhibiting CAGR of 4.45%

𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐢𝐳𝐳𝐚 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: 𝐊𝐞𝐲 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 𝐚𝐧𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐

𝐒𝐮𝐦𝐦𝐚𝐫𝐲:

● The global pizza market size reached USD 148.6 Billion in 2023.
● The market is expected to reach USD 222.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.45% during 2024-2032.
● North America leads the market, accounting for the largest pizza market share.
● Non-vegetarian pizza accounts for the majority of the market share in the type segment due to the global rise in protein consumption trends.
● Thick crust holds the largest share in the pizza industry.
● Quick service restaurants (QSR) remain a dominant segment in the market because QSRs often offer competitive pricing, promotions, and a consistent product experience.
● The changing consumer preference is a primary driver of the pizza market.
● Rapid urbanization, especially in developing regions, is reshaping the pizza market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/pizza-market/requestsample

𝐏𝐢𝐳𝐳𝐚 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

● 𝐑𝐚𝐩𝐢𝐝 𝐔𝐫𝐛𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧:

The migration of people from rural to urban areas is leading to an increase in the urban population, is propelling the growth of the market. Urban dwellers often have busier lifestyles and a higher propensity to dine out or order takeaway, catalyzing the demand for pizza. Urbanization often brings about changes in lifestyle and dietary habits. The urban population tends to embrace Western food, including pizza, as part of their culinary choices, contributing to the market growth. Moreover, pizza chains are strategically expanding their presence in urban areas, capitalizing on the concentration of potential consumers.

● 𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐜𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐩𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬:

People are exposed to international cuisines through travel, media, and the internet. As they are becoming more familiar with Western food, including pizza, their preferences are shifting towards these options. Modern lifestyles are becoming busier, leading to the rising demand for convenient meal options. Pizza is seen as a quick and easy choice for both dine-in and takeaway, aligning with the changing pace of life. In addition, pizza offers a wide range of topping options, allowing consumers to customize their orders, which is bolstering the growth of the market.

● 𝐑𝐢𝐬𝐢𝐧𝐠 𝐝𝐢𝐬𝐩𝐨𝐬𝐚𝐛𝐥𝐞 𝐢𝐧𝐜𝐨𝐦𝐞:

With higher disposable income, consumers have more financial flexibility to dine out and enjoy restaurant meals. Pizza is a popular choice for dining out, and the affordability of pizza options makes it an attractive option for those with increased income. Rising incomes often lead to an increasing willingness to indulge in occasional treats and comfort food products. Pizza fits this category, making it a preferred choice for those seeking a tasty and satisfying meal. In addition, as middle-class people are increasing, they have the means to explore a wider range of dining options. Pizza, with its variety and accessibility, appeals to this expanding middle-class segment.

𝐁𝐮𝐲 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/checkout?id=6724&method=502

𝐏𝐢𝐳𝐳𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐓𝐲𝐩𝐞:

● Non-vegetarian Pizza
● Vegetarian Pizza

Non-vegetarian pizza represents the largest segment due to its wide variety of toppings and strong consumer preference for meat-based flavors.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐂𝐫𝐮𝐬𝐭 𝐓𝐲𝐩𝐞:

● Thick Crust
● Thin Crust
● Stuffed Crust

Thick crust accounts for the majority of the market share because of its ability to hold more toppings, making it a popular choice among consumers.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

● Quick Service Restaurants (QSR)
● Full-Service Restaurants (FSR)
● Others

Quick service restaurants (QSR) dominate the market owing to their speed, convenience, and affordability, which align with consumer demand for fast dining options.

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

North America leads the pizza market driven by its long-standing pizza culture, high consumption rates, and a well-established pizza restaurant industry.

𝐓𝐨𝐩 𝐏𝐢𝐳𝐳𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬:

The pizza market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

● 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

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐭𝐚𝐛𝐥𝐞 𝐨𝐟 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬: https://www.imarcgroup.com/pizza-market

𝐈𝐟 𝐲𝐨𝐮 𝐫𝐞𝐪𝐮𝐢𝐫𝐞 𝐚𝐧𝐲 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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