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Pizza Market 2019Over the last few years, people especially younger generation population has developed a craving for pizza and thus pizza has being promoted as global food. Changing eating habits and preferences among the customers has increased the global pizza market and is expected to grow manifolds in the coming years as well. Increasing youth population and rising pizza franchisees is expected to fuel the market.
As per a new report which added to the online inventory of Wise Guys Reports (WGR), the global pizza market is set to capture a compound annual growth rate (CAGR) of 10.17% between 2019 and 2025. The global pizza market is expected to reach to USD 233.26 billion in 2025.
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Rapid urbanization and increase in the disposable income of the population is also a key factor driving the market size of global pizza market. The market size is expected to grow at a significant rate in future due to usage of organic ingredients and growing popularity of social media which make online ordering much easy. However, the growth of pizza industry would be challenged by fluctuating pizza ingredients prices.
Global Pizza Market: Segmental Analysis
The segmental analysis of the market has been conducted based on type, application and region. Some of the manufacturers that are covered in the report include
Boston Pizza,
California Pizza Kitchen,
Domino's,
Papa John's Pizza,
Papa Murphy's etc.
By type, the market has been segmented into Pan Pizza and Hand-tossed Style Pizza.
Based on application, the market has been divided into chain operators and independent operators
Global Pizza Market: Regional Analysis
On the basis of region, the market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Rest of the World (RoW). In North America, countries such as the U.S. and Canada are covered. In Europe, countries such as the UK and Germany are covered. In APAC, countries such as Japan, China and India are covered. In Latin America, countries such as Brazil and Mexico are covered. Geographically, the US dominates the global pizza market due to availability of different pizza toppings and increased working class population in the region. Also APAC region holds a significant position in the global pizza market due to higher demand of pizza and increasing usage of internet for ordering pizza. Technology also plays an importance role to fuel the market of pizza. The rapid growth in technology in the countries such as Japan, China and South Korea is partly driving the market growth in the region. Online branding and introduction of smartphone applications to pay the bills has changed the present scenario and it is expected to show encouraging growth of pizza market as well. Meanwhile, European region will also accelerate online pizza industry due to expanding topping choices by pizza restaurants and increased preference for gluten-free pizza in the region.
The global Pizza Market report will provides analysis and data on the basis of market segments and sub-segments which will help in having a focused and detailed understanding.
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