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Pizza Market size to increase by USD 42.20 Mn| Technavio's Research Insights highlight the Increasing Consumption of Pizza in Developing Countries as Key Driver

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

Nov 11, 2021, 06:30 ET

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NEW YORK, Nov. 11, 2021 /PRNewswire/ -- According to the research report "Pizza Market - Forecast and Analysis Report 2021-2025", the market is expected to have a YOY growth rate of 4.84% in 2021 and is expected to grow at a CAGR of 5.45% between 2020 and 2025.

North America is the largest market for pizza. Factors such as growing desire for convenience foods and customization in food products are accelerating the pizza market growth and offering various growth opportunities to the players in North America.

Attractive Opportunities in Pizza Market by Type and Geography - Forecast and Analysis 2021-2025
Attractive Opportunities in Pizza Market by Type and Geography - Forecast and Analysis 2021-2025

View Sample: to know additional highlights and key points on various market segments and how they will impact in coming years.

Vendor Insights

The global pizza market is fragmented in nature due to the presence of several global and regional players. The vendors in the market are deploying organic and inorganic growth strategies for gaining competitive advantage. The market players are offering various varieties and ranges of eatables including veg and non-veg pizzas. They are also focusing on accommodating customers' requirements to make tailor-made pizzas with their choice of their toppings.

For Instance, Dominos Pizza Inc. operates through key segments including US stores, supply chain, and international franchise royalties and fees. The company offers veg pizza and non veg pizza.

Find additional highlights on the growth strategies adopted by vendors and their product offerings. Read Sample Market Research Report.

Geographical Market Analysis

North America will provide maximum growth opportunities in the pizza market during the forecast period. According to our research report, the region currently holds 44% of the global market share and is expected to dominate the market through 2025.

In addition, countries such as the US, China, UK, France, and Japan are expected to emerge as prominent markets for pizza during the forecast period.

Know more about this market's geographical distribution along with the detailed analysis of the top regions. www.technavio.com/report/pizza-market-industry-analysis

Key Market Trends & Challenges:

The growing popularity of online food orders through portals and mobile apps is one major factor supporting the pizza market share growth. Online orders are more efficient than telephone orders as they eliminate communication errors. Consumers tend to spend more when ordering online than through telephones, mainly because of attractive digital menus.

The fluctuation in the prices of food commodities will be a major challenge for the pizza market. Depending on the availability, the prices of raw materials required to make pizza, such as wheat, vegetables, tomato sauce, meat, and cheese, can fluctuate. Moreover, the widening gap between the demand and supply of these raw materials has substantially increased their costs in recent years. The rising product prices affect the buying decisions of consumers, which, in turn, affects sales volumes and the growth of the market.

View free sample for highlights on market Trends & Challenges affecting the pizza market.

Customize Your Report

Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!

Related Reports:

Commercial Wood-fired Pizza Ovens Market by Product and Geography - Forecast and Analysis 2021-2025

Frozen Pizza Market by Product, Toppings, and Geography - Forecast and Analysis 2021-2025

Pizza Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.45%

Market growth 2021-2025

USD 42.20 million

Market structure

Fragmented

YoY growth (%)

4.84

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 44%

Key consumer countries

US, Germany, UK, China, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Boston Pizza, Della RosaTM, Dodo Pizza, Dominos Pizza Inc., Figaros Italian Pizza Inc., Papa Johns International Inc., Papa Murphys, Pizza Hut, PizzaExpress (Restaurants) Ltd., and Telepizza

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us:

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

Related Links

http://www.technavio.com

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