USD 6.62 billion
Report ID:
SQMIC30I2395 |
Region:
Country |
Published Date: April, 2024
Pages:
198
|Tables:
123
|Figures:
77
U.S. Frozen Pizza Market size was valued at USD 6.62 billion in 2022 and is poised to grow from USD 7.08 billion in 2023 to USD 12.07 billion by 2031, growing at a CAGR of 6.90% during the forecast period (2024-2031).
The demand for the product has been driven by homeowners' growing propensity to create an inside atmosphere in outdoor locations. Regular thin crust, ultra-thin crust, deep dish, classic/thick crust, packed crust, and rising crust are all different varieties of frozen pizza. The popularity of gluten-free frozen pizzas has been boosted by increased health consciousness among customers and the prevalence of gluten allergies.
The simplicity and speed of preparation of frozen pizzas is one of the key reasons consumers purchase them. Many people don't have the time to cook from scratch due to busy schedules, therefore frozen food provides a practical answer. Frozen pizzas are not only practical, but they also last longer than fresh food, allowing individuals to stock up and have them on hand when they are required. Furthermore, frozen food is prepared and packaged while it is still at its freshest, guaranteeing that the quality will endure even after several months in the freezer. Many individuals choose frozen food because of its constancy in quality.
The frozen pizza market is competitive based on product innovation, product quality, price, toppings, brand recognition, customer loyalty, marketing efficacy, promotional activity effectiveness, consumer convenience for ordering and delivery, and the ability to recognise and cater to consumer preferences. The gross profit margin that is created is significantly influenced by all of these variables.
Additionally, the cost of shipping the item from one nation to another and the currency rate between those nations have an impact on the final price. Freight costs are another aspect that affects the product pricing. Frozen pizza costs were lower during the pandemic because producers had to sell the product for less money to clear out their stock. The growing desire for convenience foods is what drives the market for frozen food. Frozen pizzas are now considered to be high-end cuisine. They are the standard thin crust, the extra thin crust, the deep-dish, the packed crust, the traditional/thick crust, and the rise crust. The market is also growing as a result of other factors like rising disposable income, a higher standard of living, and the quickening development of the number of major retail chains.
U.S. Frozen Pizza Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.62 billion
Largest Segment
Vegan & Vegetarian
Fastest Growth
Vegan & Vegetarian
Growth Rate
6.90% CAGR
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The U.S. Frozen Pizza Market is segmented based on toppings, crust, type, distribution channel, and region. In terms of toppings, the market is segmented into margherita, cheese/double cheese/four cheese/five cheese, chicken, pepperoni, sicilian, bacon, breakfast (croissant, sausage, cinnamon roll), and others. With respect to categorization by crust, the market is segmented into thin, regular/restaurant style, gluten-free. Based on type the market is segmented into vegan & vegetarian and non-vegetarian. By Distribution Channel mode, the market is categorized into Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online and Others. Based on region, the U.S. Frozen Pizza Market is segmented into Northeast, Midwest, South, West and Southwest.
U.S. Frozen Pizza Market Analysis by Toppings
In 2022, the chicken category held the largest share of about 31.5% of the frozen pizza market in the United States. Due to the increased flavor options and addition of protein to the meal, chicken pizza is more popular than regular pizza. In order to generate distinctive flavor combinations, chicken can be seasoned in a variety of ways. In addition, chicken is a lean protein source and is regarded as being healthier than some other pizza toppings like sausage or pepperoni. In addition, the rise of fast-casual eateries and the preference for healthier foods have contributed to the popularity of chicken pizza.
The bacon market is anticipated to expand at a 9.5% CAGR between 2023 and 2030. Because bacon has a flavor that many people enjoy—savory, salty, and just a little bit smoky—it's common to find frozen pizza with bacon on it. Melted cheese and bacon on a crispy crust is another popular and satisfying option for many people. Bacon is also a flexible ingredient.
U.S. Frozen Pizza Market Analysis by Distribution Channel
In 2022, the supermarkets & hypermarkets segment had the majority of revenue with a share of 30.7%. Along with a rise in the working class population, frozen dinners are becoming more popular with consumers. Supermarkets offer a wide selection of frozen foods, such as pizza and other options, making it easier for customers to purchase the products. The pandemic altered the market for frozen food through online stores and smartphone apps.
The online market is projected to expand at a CAGR of 11.2% between 2023 and 2030. The internet distribution channel has raised consumer interest in the frozen pizza industry. Value-added services provided by e-retailers, such as money-back guarantees, significant discounts, free shipping, the availability of a selection of products, and pay-after-delivery, are also expected to increase online sales in the coming years.
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In 2022, the Southwest United States held the highest market share at 29.4%. There is an increasing demand for frozen pizza in the Southwest region of the United States, which can be ascribed to a number of factors. For busy families and individuals looking for quick and delectable meal options, frozen pizza is gaining significant popularity. People are inclined towards purchasing frozen meals as a quick and easy answer in order to cope with their hectic lifestyles.
The Northeast United States is predicted to exhibit a CAGR of 8.1% between 2023 and 2030. Convenience, variety, and affordability all help to explain why demand for frozen pizza is growing. With busy schedules, consumers' desire for quick and easy meals. Frozen pizza satisfies this requirement by offering a hot meal in a matter of minutes. Market players are also offering consumers a variety of flavor and dietary choices. The diverse preferences and needs of the clients are taken into account when making their selections.
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U.S. Frozen Pizza Market Drivers
Convenient Food Choice
U.S. Frozen Pizza Market Restraints
Health Concerns
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A small number of well-established players and recent entrants define the industry. The expanding popularity of American frozen pizza is drawing the attention of several major players. Players are expanding the range of services they offer in an effort to keep their market share.
U.S. Frozen Pizza Market Top Player’s Company Profiles
U.S. Frozen Pizza Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the U.S. Frozen Pizza market is the demand for the product has been driven by homeowners' growing propensity to create an inside atmosphere in outdoor locations. Regular thin crust, ultra-thin crust, deep dish, classic/thick crust, packed crust, and rising crust are all different varieties of frozen pizza. The popularity of gluten-free frozen pizzas has been boosted by increased health consciousness among customers and the prevalence of gluten allergies.
Report Metric | Details |
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Market size value in 2022 | USD 6.62 billion |
Market size value in 2031 | USD 12.07 billion |
Growth Rate | 6.90% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the U.S. Frozen Pizza Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the U.S. Frozen Pizza Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the U.S. Frozen Pizza Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the U.S. Frozen Pizza Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIC30I2395
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