Frozen Pizza Market size is forecast to reach USD 1,842 Million by 2027, estimated to grow at a CAGR of 14.8% during 2020-2027, owing to the changing dietary patterns and lifestyle of millennials.

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Key Drivers

The frozen pizza market is predicted to become more mainstream in the next six years. This is mainly due to the significant shift in the lifestyle and the changing diet pattern of the millennials, the working-class, and the young generation. Moreover, frozen pizza has a longer shelf-life and does not require further cooking, which is another factor that is encouraging people to opt for frozen pizza. Pizza is becoming popular as an iconic dish, particularly for the last decade. Due to the chewy and crunchy base of the pizza, it is being appreciated around the world and increased preferred by people from all age groups and ethnicity. Moreover, frozen pizza has the option of customization as per one’s own taste, which is further encouraging the consumers to opt for frozen pizza over the coming years. Individuals who prefer crispy crusts can easily reheat the pizza in a large skillet. The frozen pizza can be reheated and, in an oven, or toaster in order to obtain a dish that is fit for everyone’s palate. Rapidly accelerating urban population and growing demand for convenience food products are projected to strengthen the market growth. Changing lifestyles and hectic schedules has persuaded consumers to choose for readymade meal options. Other factors which include rising number of retail outlets and Quick Serving Restaurants (QSRs), and the growing adoption of advanced technologies to produce, store, and supply the products to minimize food and resources wastage is also driving the market further.

The hectic lifestyle has motivated the parent’s towards the adoption of easy meals options for their children in order to save their time and money. The ease of feeding feature offered by frozen pizza is driving the growth of the market. With the increasing health consciousness among the consumers, there has been a growth in the popularity of gluten-free frozen pizza. Furthermore, the rising disposable income, along with the increasing number of large retail chains, are certain other factors that are energizing the market growth. The growing number of fast-food outlets in developing nations and rising research and development activities by leading frozen pizzas manufacturers to improve the freezing technology is expected to offer enormous opportunities to the market. On the other hand, the increasing incidences of health diseases such as obesity is a major factor that will have a negative impact on the surging demand of the market. Inadequate handling of raw materials might impede the safety and quality of finished products, hampering the market growth.

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Product Segment Analysis

On the basis of product, the regular frozen pizza is projected to lead the frozen pizza market during the forecast period. The regular size products are largely used by the young generation, working-age population, and millennials. This is one of the major factors that is contributing to the growth of the segment in the market. In addition to this, the increasing number of working-class women is another factor that is accelerating the demand for regular-sized frozen pizza.

Topping Segment Analysis

Based on the topping, the vegetable topping segment is anticipated to lead the market during the forecast period. The unique taste of the vegetable topping and less fat content as compared to other toppings are the two major factors that are responsible for the growth of the segment in the market. Moreover, the consumer’s inclination towards experimenting with new and unique topping offerings is further surging the demand for different types of vegetable toppings on the pizza.

Distribution Channel Segment Analysis

On the basis of the distribution channel, the HoReCa segment is expected to increase at a faster CAGR during the forecast period. The growing occurrence of quick restaurant service chains due to the higher dependency of the younger population on fast food options is one of the major factors that is boosting the growth of the segment. In addition to this, the emerging trend of spending money on experiencing new restaurants, particularly among the millennials, is further supporting the segment growth.
Online sales of frozen products has witnessed a tremendous growth over the upcoming years, owing to the sudden outbreak of infectious disease, due to which individuals were restricted to visit outside their home even for shopping goods.

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Regional Analysis

Based on the region, the North America region is expected to dominate the market during the forecast period. The U.S. and Canada are the largest consumers of frozen products as they have a longer shelf life. Frozen pizza is gaining more traction in the U.S. as people have a hectic lifestyle, which gives no time for cooking. The popularity of pizza is quite high in the U.S., and the country celebrates “National Pizza Day” on 9th February every year.

Ongoing advancements in products in terms of nutrition and health such as low fat, low trans-fat, whole wheat, multigrain, and low-on-artificial-preservatives offerings will expand the market in the long-term. On the other hand, Asia-pacific is projected to witness a higher CAGR during the forecast period. This is due to the rising popularity of pizza in developing economies such as India, China, and Bangladesh, and the Philippines.

Top Market Players

Various notable players operating in the market include Bellisio Foods Inc., Hansen Foods LLC, Nestle SA, One Planet Pizza, Daiya Foods Inc., McCain Foods Ltd., Oetker GmbH, California Pizza Kitchen, Inc., Simply Good Foods USA, Inc., and Freiberger Lebensmittel Gmbh Co, among others. 

Key Developments:

• • In 2018, Bellisio Foods Inc., acquired the Frozen Specialties, Inc. (F.S.I.) from Swander Pace Capital. Through this acquisition, the F.S.I. brought together the expertise in delivering delicious, exciting brands and private label products to retail customers that delight consumers.

The global Frozen Pizza market has been segmented on the basis of Product, Distribution Channel, Topping, and key regions. Based on Product, the market is segmented into Regular, Medium and Large. Based on Distribution Channel, the market is segmented into HoReCa, Offline sales and Online sales. Based on Topping, the market is segmented into Meat Topping and Vegetable Topping. 

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Key questions answered in this research report:

• • At what pace is global Frozen Pizza market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Frozen Pizza market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Frozen Pizza market?
  • Which product generated maximum revenues in 2019 and identify the most promising product during the forecast period?
  • What are the various distribution channels of global Frozen Pizza market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2027)	USD 1,842 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Distribution Channel, By Topping, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Bellisio Foods Inc., Hansen Foods LLC, Nestle SA, One Planet Pizza, Daiya Foods Inc., McCain Foods Ltd., Oetker GmbH, California Pizza Kitchen, Inc., Simply Good Foods USA, Inc., and Freiberger Lebensmittel Gmbh Co, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Frozen Pizza Market by Product

• • Regular
  • Medium
  • Large

Global Frozen Pizza Market by Distribution Channel

• • HoReCa
  • Offline sales
  • Online sales

Global Frozen Pizza Market by Topping

• • Meat Topping
  • Vegetable Topping

Global Frozen Pizza Market by Region

• • North America Frozen Pizza Market (Option 1: As a part of the free 25% customization)
    • By Product
    • By Distribution Channel
    • By Topping
    • US Market All-Up
    • Canada Market All-Up
  • Europe Frozen Pizza Market (Option 2: As a part of the free 25% customization)
    • By Product
    • By Distribution Channel
    • By Topping
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Frozen Pizza Market (Option 3: As a part of the free 25% customization)
    • By Product
    • By Distribution Channel
    • By Topping
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Frozen Pizza Market (Option 4: As a part of the free 25% customization)
    • By Product
    • By Distribution Channel
    • By Topping
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Frozen Pizza (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Bellisio Foods Inc.
  • Hansen Foods LLC
  • Nestle SA
  • One Planet Pizza
  • Daiya Foods Inc.
  • McCain Foods Ltd.
  • Oetker GmbH
  • California Pizza Kitchen, Inc.
  • Simply Good Foods USA, Inc.
  • Freiberger Lebensmittel Gmbh Co