Frozen
food products including pizza are witnessing increasing demand than
the conventional pizza due to increasing awareness among the consumer
for frozen food products. Moreover, the hectic lifestyle of the
working population has resulted in the increased demand for instant
and convenient food products among the working population. These
factors are considered as the major driving force for global frozen
pizza market. Changing customer preference in terms of ingredients
and toppings is also resulting in the discovery of new and
interesting ingredients that can keep customers engaged while
boosting the appeal. However, increasing health consciousness among
the customers can hamper the market growth. Moreover, frozen pizza
producers are also facing competition from the providers of fresh
pizza.
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Additionally,
increasing focus on natural ingredients in frozen pizza and pizza
free from preservatives are also resulting in the growing demand.
Although, traditional toppings are best sellers, oriental and Mexican
toppings are also becoming common in frozen pizza market. Frozen
pizza makers are also looking forward to high-tech blend of
ingredients in order to make more extensible and softer dough without
becoming excessively weak or sticky.
Nestle
S.A., General Mills, McCain Foods Ltd., Daiya Foods Inc., Dr. Oetker
GmbH, Connies Pizza, Atkins Nutritionals, Inc., Conagra Brands, Inc.,
California Pizza Kitchen, FRoSTA AG, and H.J. Heinz., are some of the
leading companies operating in the global frozen pizza market.
Global
Frozen Pizza Market to Witness Strong Growth during the Forecast
Period 2017 and 2026
The
research report on the global
frozen pizza market by Transparency Market Research (TMR),
anticipates strong growth in the market. The market is estimated to
increase to 6.5% CAGR, reaching US$ 25,971.1 million revenue towards
the end of 2026.
The
global frozen pizza market is categorized into toppings, product
type, distribution channel, size, and region. Based on the product
type, the market includes thick crust thin crust, stuffed pizza, and
other types. Among these products, thin crust frozen pizza is
expected to witness healthy growth. Based on the toppings, the
segment consists fruits & vegetables, meat, cheese, and others.
Meat is expected to be among the highly preferred toppings.
By
size, the market segment includes large, small, and medium. The
medium size of the frozen pizza is expected to account for the
maximum revenue share. Based on the distribution channel, Food chain
services are expected to account for the maximum sales in the global
frozen pizza market.
North
America to Emerge as the Largest Region in the Global Frozen Pizza
Market
North
America is expected to witness the highest growth in the global
frozen pizza market. Increasing number of people in the region are
opting for the frozen food products for their meal due to the busy
lifestyle. Meanwhile, manufacturers are also focusing on product
innovation and are using advanced production methods to improve the
quality of the frozen pizza. The U.S. accounts for the major
consumption of frozen pizza, owing to the changing lifestyle, the
rise in the working population which is leading to the increasing
preference for ready-to-eat and convenient food options.
Presence
of the leading frozen pizza brands in the U.S. and Canada is also
driving the growth of the market in North America. Frozen pizza
manufacturers are focusing on providing frozen pizza free of
preservatives and also producing organic and natural pizza
ingredients. Availability of cold chain logistics is also driving the
market for frozen pizza in the region.
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