The global frozen pizza market is expected to grow from US$ 20.5 billion in 2023 to US$ 29.8 billion by 2030, at a CAGR of 5.5% during the forecast period. The growth of the market is attributed to factors such as increasing urbanization, busy lifestyles, and rising disposable incomes.

Frozen pizza is a convenient and affordable food option that is popular among consumers of all ages. It is also a versatile food that can be customized to suit individual preferences. Frozen pizza is available in a wide variety of crusts, toppings, and flavors, making it a popular choice for both quick meals and special occasions.

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The North American region is the largest market for frozen pizza, accounting for over 40% of the global market share. The region is home to a number of major frozen pizza manufacturers, including Conagra Brands, Nestlé, and Kraft Heinz. The European region is the second-largest market for frozen pizza, followed by the Asia-Pacific region.

Key drivers of the frozen pizza market:

  • Increasing urbanization and busy lifestyles: Urban consumers are increasingly looking for convenient and affordable food options that can be easily prepared. Frozen pizza is a convenient and affordable food option that is popular among urban consumers.
  • Rising disposable incomes: Rising disposable incomes are enabling consumers to spend more on food and beverages. This is driving the demand for premium frozen pizza products.
  • Growing awareness of health and wellness: Consumers are becoming more aware of the importance of eating healthy food. This is driving the demand for frozen pizza products that are made with healthy ingredients and are low in calories and fat.

Key Takeaways:

  • The global frozen pizza market size is expected to reach US$ 29.8 billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030.
  • The market is driven by factors such as increasing urbanization, rising disposable incomes, and changing consumer lifestyles.
  • The thin crust frozen pizza segment is expected to be the fastest-growing segment during the forecast period.
  • The supermarkets and hypermarkets segment is expected to remain the dominant distribution channel for frozen pizza.
  • North America is expected to remain the largest market for frozen pizza throughout the forecast period.

Regional Outlook:

  • North America is expected to remain the largest market for frozen pizza throughout the forecast period, due to the high consumption of frozen food in the region and the presence of key players such as Conagra Brands Inc., Nestlé S.A., and Kraft Heinz Company.
  • Europe is expected to be the second-largest market for frozen pizza, due to the increasing popularity of convenience foods in the region and the growing demand for premium frozen pizza products.
  • Asia Pacific is expected to be the fastest-growing market for frozen pizza, due to the rising disposable incomes and changing consumer lifestyles in the region.

Key Players:

  • Conagra Brands Inc.
  • Nestlé S.A.
  • Kraft Heinz Company
  • J.M. Smucker Company
  • Dr. Oetker Group
  • McCain Foods Limited
  • Schwan's Company
  • Celesta Divella Group
  • Aryzta AG
  • General Mills, Inc.
  • Campbell Soup Company

Segmentation:

By Type:

  • Thin Crust Frozen Pizza
  • Thick Crust Frozen Pizza
  • Stuffed Crust Frozen Pizza
  • Others

By Toppings:

  • Meat
  • Vegetable
  • Combination

By Crust Type:

  • Regular/Restaurant Style
  • Thin Crust
  • Stuffed Crust
  • Other

By Distribution Channel:

  • Supermarkets and Hypermarkets
  • Independent Retailers
  • Convenience Stores
  • Others