The Latest Frozen Pizza Industry Statistics Explained
In 2020, the global frozen pizza market size was nearly USD 13.2 billion.
The statistic “In 2020, the global frozen pizza market size was nearly USD 13.2 billion” indicates the total value of sales generated by the frozen pizza industry worldwide in the year 2020. This figure represents the combined revenue generated by the production and sale of frozen pizza products across various regions and markets. The substantial market size of nearly USD 13.2 billion highlights the widespread popularity and strong consumer demand for frozen pizza products on a global scale, reflecting the significant economic impact and growth potential of the industry.
The frozen pizza market is expected to register a Compound Annual Growth Rate (CAGR) of 5.98% during the forecast period (2021-2026).
This statistic indicates that the frozen pizza market is projected to experience a consistent annual growth rate of 5.98% over the period from 2021 to 2026. The Compound Annual Growth Rate (CAGR) is used to measure the average annual growth of a market or investment over a specified period. In this context, the frozen pizza market is expected to grow steadily at this rate, suggesting sustained expansion and increasing demand for frozen pizzas in the foreseeable future. Factors driving this growth could include changing consumer preferences, convenience, marketing efforts, and expanding distribution channels. Companies operating in the frozen pizza sector will likely need to capitalize on this growth trend by adapting to consumer preferences and market dynamics to maintain or enhance their market share.
The demand for gluten-free pizza is projected to boost the market at a higher rate of 6.14% during the forecast period (2021-2026).
The statistic indicates that the market demand for gluten-free pizza is expected to experience significant growth, with a projected increase of 6.14% during the forecast period spanning from 2021 to 2026. This suggests a growing consumer preference for gluten-free options and a shift in dietary habits towards healthier alternatives. The substantial rate of increase signifies a strong market opportunity for gluten-free pizza products, reflecting a potential higher demand for such items in the near future. Businesses operating in the pizza industry may consider capitalizing on this trend by expanding their gluten-free product offerings to meet the evolving needs and preferences of consumers.
In 2020, the United States was the largest market for frozen pizza with a market share of more than 42%.
The statistic indicates that in 2020, the United States held the highest proportion of the global market for frozen pizza, accounting for over 42% of the market share. This signifies a strong demand for frozen pizza products within the United States compared to other regions. The high market share suggests that frozen pizza is a popular and widely consumed food choice in the United States. Companies operating in the frozen pizza industry may view the U.S. market as a key opportunity for growth and profitability, given its dominant position in the global market. Understanding and catering to the preferences of American consumers could be crucial for frozen pizza manufacturers looking to capitalize on the sizeable market share in the United States.
In 2020, retail sales of frozen pizza in the United States amounted to around 5.78 billion U.S. dollars.
The statistic “In 2020, retail sales of frozen pizza in the United States amounted to around 5.78 billion U.S. dollars” indicates the total revenue generated from the sales of frozen pizza through retail outlets in the U.S. during the calendar year 2020. This figure reflects the substantial demand for frozen pizza among consumers in the U.S., likely influenced by factors such as convenience, variety, affordability, and the shifting consumer behavior during the COVID-19 pandemic. The significant financial value of 5.78 billion U.S. dollars highlights the economic importance of the frozen pizza market within the overall food industry and provides valuable insights for businesses, policymakers, and researchers regarding consumer preferences and spending patterns in the retail food sector.
In Europe, Italy holds the largest market share in the frozen pizza market, recording a revenue of $235 million in 2021.
The statistic indicates that Italy dominates the frozen pizza market in Europe by holding the largest market share and generating a revenue of $235 million in 2021. This suggests that Italian frozen pizza brands and products are popular among consumers in Europe, leading to significant sales and market success. The strong performance of Italy in this market segment could be attributed to various factors such as the reputation of Italian cuisine, high-quality ingredients, and traditional pizza-making techniques. The data highlights Italy’s significant influence and competitiveness in the frozen pizza industry within Europe, positioning the country as a key player in this market.
In 2018, Nestlé’s DiGiorno brand held the largest share of the U.S. frozen pizza market, with a value of roughly 903.3 million U.S. dollars.
The statistic indicates that in 2018, Nestlé’s DiGiorno brand was the market leader in the U.S. frozen pizza industry in terms of market share, with a total value of approximately 903.3 million U.S. dollars. This suggests that DiGiorno had the largest portion of sales revenue compared to other competitors in the frozen pizza market within the United States during that year. It signifies the significant presence and popularity of the DiGiorno brand among consumers seeking frozen pizza products, showcasing its competitive advantage and strong market position. The high market value also reflects the brand’s success in meeting consumer preferences and demand in the frozen pizza category.
In 2020, the thin crust pizza segment accounted for the largest market share of more than 45%.
The statistic stating that in 2020, the thin crust pizza segment accounted for the largest market share of more than 45% suggests that of all the different types of pizza available in the market, thin crust pizza was the most popular choice among consumers. This high market share indicates a strong preference for thin crust pizza compared to other varieties such as thick crust or stuffed crust. Factors contributing to this dominance could include changing consumer preferences towards lighter and healthier options, marketing strategies by pizza chains, and the versatility and customizable nature of thin crust pizzas. Additionally, this statistic implies that the thin crust pizza market is highly competitive, with various brands vying for a sizable portion of the market share.
The mushroom frozen pizza segment was projected to reach a market share of 19.3% by 2025.
The statistic “The mushroom frozen pizza segment was projected to reach a market share of 19.3% by 2025” indicates the expected proportion of the frozen pizza market that the mushroom variety is forecasted to capture by the year 2025. This projection suggests that mushroom frozen pizzas are expected to hold a significant share of the overall frozen pizza market, accounting for nearly one-fifth of all frozen pizza sales. This statistic is valuable for companies involved in the frozen pizza industry, as it provides insight into consumer preferences and trends that can guide marketing strategies, product development, and investment decisions within the market segment.
Private label frozen pizza brands make up almost 23% of the total frozen pizza market in the United States.
The statistic reveals that private label frozen pizza brands account for a significant portion of the total frozen pizza market in the United States, specifically nearly 23%. This indicates the popularity and competitiveness of private label frozen pizzas among consumers. Private label brands are typically produced by retailers or grocery stores themselves and can offer consumers a more affordable alternative to name-brand frozen pizzas. The fact that they represent nearly a quarter of the market highlights the strong presence and demand for private label frozen pizzas in the US, likely driven by factors such as price, quality, and variety.
The availability of vegan frozen pizza is projected to exhibit a CAGR of above 7% during 2021-2026.
This statistic indicates that the availability of vegan frozen pizza products is forecasted to experience a Compound Annual Growth Rate (CAGR) of over 7% over the period of 2021 to 2026. This suggests a strong and steady growth trend in the market for vegan frozen pizza offerings, with the demand for these products expected to increase consistently over the specified timeframe. Factors such as changing consumer preferences towards plant-based diets, increasing awareness about environmental sustainability, and a growing vegan population may be contributing to the projected rise in the availability of vegan frozen pizza options. This forecasted growth rate serves as an important indicator for businesses in the food industry to capitalize on the expanding market opportunities within the vegan food segment.
By 2023, the frozen pizza market in APAC is expected to reach USD 2.63 billion.
This statistic indicates that the frozen pizza market in the Asia-Pacific region is projected to grow significantly by 2023, with an estimated market value of USD 2.63 billion. This suggests a growing consumer demand for frozen pizzas in the region, likely driven by factors such as changing consumption patterns, increasing urbanization, and rising disposable incomes. The forecasted market size highlights the potential opportunities for businesses operating in the frozen pizza industry to expand their presence and cater to the evolving preferences of consumers in the APAC region. Additionally, it signifies a positive outlook for the industry, indicating a thriving market with potential for further growth and development in the coming years.
The highest level of Frozen Pizza consumption globally was recorded in EU with 3,526 thousand tons in 2019.
The statistic indicates that in 2019, the European Union (EU) had the highest level of frozen pizza consumption worldwide, reaching 3,526 thousand tons. This data suggests that frozen pizza is a popular food choice in the EU, with a significant portion of the population consuming it regularly. Factors contributing to the high consumption levels could include convenience, affordability, and a wide variety of available options. The statistic highlights the prevalence of frozen pizza as a convenient meal option in the EU, showcasing dietary habits and food preferences within the region.
Worldwide consumption of frozen pizza reached 9 million tons in 2019.
The statistic “Worldwide consumption of frozen pizza reached 9 million tons in 2019” signifies the total amount of frozen pizza consumed by individuals globally during the year 2019. This metric reflects the significant popularity and widespread appeal of frozen pizza as a convenient and versatile food option across various countries and cultures. The large quantity of 9 million tons underscores the scale of demand for frozen pizza products and suggests that it holds a substantial market share within the global food industry. Furthermore, this statistic may indicate trends in consumer preferences, dietary habits, and convenience-driven consumption patterns on a worldwide scale.
The Pizzeria (store type) dominates the frozen pizza industry and is expected to reach USD 8.36 billion by 2023.
The statistic “The Pizzeria (store type) dominates the frozen pizza industry and is expected to reach USD 8.36 billion by 2023” indicates that the market share of Pizzeria stores within the frozen pizza industry is quite significant, suggesting that they are the leading players in the market. The projected revenue of USD 8.36 billion by 2023 signifies the expected growth and financial success of Pizzeria stores in the frozen pizza sector in the near future. This statistic highlights the strong position of Pizzeria stores in the industry and their potential for continued growth and profitability going forward.
Amongst various toppings, extra cheese topped the list with a share of 30.8% in 2017 in the frozen pizza market.
The statistic “Amongst various toppings, extra cheese topped the list with a share of 30.8% in 2017 in the frozen pizza market” indicates that out of all the toppings available for frozen pizzas in 2017, extra cheese was the most popular choice, accounting for 30.8% of the total market share. This means that nearly one-third of all frozen pizzas sold in 2017 were topped with extra cheese. The high percentage suggests that consumers have a strong preference for extra cheese as a pizza topping, making it a significant factor driving sales within the frozen pizza market during that time period.
The Organic frozen pizza sector is projected to exhibit a CAGR of above 6% through 2025.
This statistic indicates that the organic frozen pizza sector is expected to experience robust growth over the forecast period up to 2025, with a Compound Annual Growth Rate (CAGR) exceeding 6%. This suggests that consumer demand for organic frozen pizzas is increasing steadily, likely driven by factors such as shifting consumer preferences towards healthier and organic food options. The projected growth rate signifies that the market for organic frozen pizzas is expected to expand at a consistent and significant pace, indicating potential opportunities for businesses operating within this sector to capitalize on the growing market trend.
North America was the largest frozen pizza market in 2020, accounting for more than 52% of the total share.
The statistic indicates that in 2020, North America held the top position as the largest market for frozen pizzas, comprising over half (52%) of the total market share. This suggests that frozen pizza consumption and sales were predominantly focused in North America compared to other regions worldwide. Factors contributing to this dominance could include the popularity and convenience of frozen pizzas in North American diets, as well as the presence of well-established brands and a strong distribution network in the region. As a result, North America emerged as a significant player in the global frozen pizza market in 2020.
It is estimated that the meat topping segment will grow from $6.81 billion in 2019 to $8.43 billion by 2023.
The statistic indicates that the meat topping segment within a certain market or industry is expected to experience growth over a specified period from $6.81 billion in 2019 to $8.43 billion by 2023. This estimated increase suggests a positive trend in consumer demand and consumption of meat toppings, potentially driven by factors such as evolving consumer preferences, new product innovations, or changes in market dynamics. The projected growth from 2019 to 2023 highlights opportunities for businesses operating in the meat topping sector to capitalize on this upward trajectory and strategically position themselves to capture a larger share of the market.
References
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