The global pizza market size is estimated to grow by USD66bn from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 6.79% during the forecast period. Increasing consumption of pizza in developing countries is driving market growth, with a trend towards growing popularity of online food orders through portals and mobile apps.
The market outlook is positive with convenient food items like ready-to-eat and frozen pizza gaining popularity. Minimal preparation is a key factor, making convenience stores a go-to choice. Freshly baked and heated pizza slices, pizza rolls, pockets, and mini-pizzas cater to various textures and savory profiles.
Healthier product variants with gluten-free crusts, locally sourced ingredients, and sustainability are on the rise. Ethical practices and online ordering add to the convenience factor. Non-vegetarian pizzas with toppings like sausage and bacon, as well as vegetable toppings and plant-based proteins, cater to diverse tastes.
Cheese alternatives and crust types like thick, thin, and stuffed crusts offer choice. Substantial size pizzas, full-service restaurants, and fast food service provide a convenient dining experience, with options for dine-in, takeout, and third-party delivery services.
Find out more at: https://www.technavio.com