The worldwide frozen pizza market was valued US$12.20 billion in 2017 and is predicted to achieve US$20.80 billion by 2026. In keeping with a brand new report by Traits Market Analysis, the frozen pizza market is exhibiting promising progress because of the meals’s recognition in addition to it being perceived as a premium product, with a market worth of US$12.20 billion in 2017 and an anticipated worth of US$20.80 billion by 2026 at a CAGR of 6.59 p.c through the forecast interval.Moreover, resulting from customers experiencing busier life and altering consuming traditions, the demand for fast and handy meals merchandise has grown, which is foreseen to drive the rise within the frozen pizza market. Additionally, rising disposable incomes, an upsurge in a lifestyle, and a fast surge in plenty of retail chains are boosting the expansion on this market.Rising penetration of social media and different meals websites are creating consciousness about consuming meals tendencies, which can be encouraging the worldwide frozen pizza market progress.Growing development in freezing know-how and an upsurge within the institution of a number of quick meals retailers in emergent economies are doubtless to offer worthwhile alternatives for the important thing gamers on this market.Common skinny crust frozen pizzas are anticipated to carry important progress within the frozen pizza market, attributed to its compact energy and well being affiliation. Moreover, the simple availability of all kinds of those pizzas in supermarkets, hypermarkets, and on-line retail are propelling the expansion within the frozen pizza market.With regard to progress areas for the frozen pizza market, the large spending capabilities of customers and the growing demand for comfort meals have boosted the consumption of frozen pizza in North America.The Asia Pacific area is just slowly growing, owing to cultural boundaries, much less acceptance of frozen meals over recent meals. Nonetheless, overseas direct funding in rising economies, similar to China, India, and Brazil is enhancing participation from a number of the overseas and personal key gamers. That is projected to spice up the retail infrastructure within the frozen pizza market through the forecast interval on this area.
USD - United States Dollar
21.3 ° C