Global Pizza Market Report 2023: Sector to Reach $192.4 Billion by 2028 at a CAGR of 5.3% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Pizza Market by Type, Crust Type, Distribution Channel (Quick Service Restaurants, Full-Service Restaurants, and Others), and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global pizza market size reached US$ 141.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 192.4 Billion by 2028, exhibiting a CAGR of 5.3% during 2022-2028.

Companies Mentioned

• 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

Rapid westernization resulting in shifting consumer dietary patterns, the augmenting popularity of online pizza ordering through web portals and mobile apps, and the introduction of healthier product variants, such as vegan, low-calorie and gluten-free pizzas represent some of the key factors driving the market.

Pizza is a flavorful dish of Italian origin, containing a round, flattened dough base of wheat bread spread with a savory topping mixture of cheese, meat, vegetables, and various seasonings. Typically served hot and cooked in a wood-fired oven at a high temperature, it is baked within a short period of time.

It involves kneading the fermented flour dough with yeast, forming a pie shape, adding pizza sauce made from pureed tomatoes seasoned with spices, topping it with vegetables, and baking it. As a fast and convenient breakfast, lunch, dinner, or snack, pizza is a popular food choice on a variety of occasions.

Pizza is typically seen as a savory food formed into a round shape and served in wedges, but over time, it has evolved to take on a variety of shapes, including rectangular and square, while the toppings for the baked crust have also evolved. Pizza is widely gaining traction across the globe as one of the most popular fast-food products.

The global market is primarily driven by the increasing consumption of pizza across developing economies. This can be attributed to rapid westernization resulting in shifting consumer dietary patterns. In line with this, the escalating demand for ready-to-eat (RTE) and convenience food products among the working population due to their hectic lifestyles is providing an impetus to the market.

Additionally, the augmenting popularity of online pizza ordering through portals and mobile apps is creating lucrative growth opportunities in the market. Besides this, the introduction of customized pizzas with innovative and exotic toppings and crust types as per consumer demands is positively impacting the market. Moreover, continual technical advancements, such as customer preference tracking analytics, robotic automation, ghost kitchens, and integrated third-party delivery systems, are creating a positive market outlook.

The market is further propelled by numerous innovations to introduce healthier product variants, such as vegan, low-calorie, and gluten-free pizzas. Apart from this, various marketing campaigns and strategies adopted by the major market players are further fueling the market growth. Some of the other factors contributing to the market include rapid urbanization, inflating disposable income levels, and considerable growth in the food and beverages (F&B) industry.

Key Questions Answered in This Report:

• How has the global pizza market performed so far and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global pizza market?
• What are the key regional markets?
• Which countries represent the most attractive pizza markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the crust type?
• What is the breakup of the market based on distribution channels?
• What is the competitive structure of the global pizza market?
• Who are the key players/companies in the global pizza market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Pizza Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Type

6.1 Non-vegetarian Pizza

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Vegetarian Pizza

7 Market Breakup by Crust Type

7.1 Thick Crust

7.2 Thin Crust

7.3 Stuffed Crust

8 Market Breakup by Distribution Channel

8.1 Quick Service Restaurants (QSR)

8.2 Full-Service Restaurants (FSR)

8.3 Others

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/6d6lwn

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