The North America Frozen Pizza Market would witness market growth of 4.7% CAGR during the forecast period (2021-2027).
Preparation of proper dough is a difficult task for pizza, owing to the requirement of proper setting and maintenance of correct temperature of the oven or microwave. Additionally, to enjoy the delicacy of pizza in an Italian restaurant, people have to spend more money. Hence, these factors have created a huge space for frozen pizzas in the market. Frozen pizzas have changed with time and now they are prepared quickly and easily in a short duration. Many of the pizzas take maximum 20 minutes and contains a certain level of protein, calcium, vitamins, fats, and carbohydrate. These pizzas are preferred to be consumed with fizz drinks and salads. Moreover, these pizzas are low in price due to which, it has become a favorite product for students and bachelors.
Moreover, several people have experienced some ill-effects of consuming frozen pizza on daily basis. Due to this reason, various companies are focusing to introduce new products with healthier variations. The companies are implementing new strategies while preparing pizzas, for example, instead of reducing the crust of the pizza, the company has brought in benefits like 5 grams of fiber per serving by adding quinoa, flax, chia, carrots, and various other organic ingredients including aromatic herbs and whole grains in its crust. Further, companies are focusing on adding toppings, which also offer nutrition and taste to the consumers.
North America is witnessing significant growth in the frozen pizza market, owing to the surge in demand for ready-to-eat and convenient products, changing preferences of consumers, and hectic lifestyles. Latest developments in the products such as low fat, low-on-artificial-preservatives, whole wheat, multigrain, low trans-fat products, are supporting the growth of the frozen pizza market.
The population in this region prefer to consume products that are on-the-go and convenient. The rising consumption of pizza in these nations, the growing popularity of fast-casual pizza restaurants, and increasing customer inclination toward vegan pizza are the key aspects propelling the growth of the regional frozen pizza market. In addition, new fast-casual restaurants are growing in this region at a fast pace. These types of restaurants are focusing on winning the lunch crowd whereas conventional pizza stores or restaurants are focusing on dinner & delivery. Thus, the emergence of new pizza stores & restaurants has surged the demand for frozen pizza, thereby augmenting the growth of the frozen pizza market in the future years.
The US market dominated the North America Medium Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,091.2 million by 2027. The Canada market is experiencing a CAGR of 6.3% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 6.1% during (2021 - 2027).
Based on Product, the market is segmented into Regular, Medium and Large. Based on Distribution Channel, the market is segmented into Hotel/Restaurant/Café, Offline Sales and Online Sales. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Frozen Pizza Market is Estimated to reach $24.2 billion by 2027, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Conagra Brands, General Mills, Nestle SA, The Kraft Heinz Company, Daiya Foods Inc., McCain Foods Ltd., Oetker GmbH, Bellisio Foods Inc., Atkins Nutritionals, Inc., and Freiberger Lebensmittel GmbH Co.
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