How Big is The Pizza Market?
IMARC Group, a leading market research company, has recently releases report titled “Pizza Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The global pizza market size reached US$ 141.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 192.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
What is Pizza?
Pizza is a dish that is usually made from a round, flattened dough base, and topped with a flavorful combination of tomato sauce, cheese, and a variety of toppings. It comprises numerous styles, such as classic Margherita, meat, vegetarian, and gourmet options, and is widely available in different sizes and toppings. It is affordable, versatile, convenient to eat, and enhances the overall eating experience of individuals. It is baked in a wood-fired oven and high-tech ovens that offer a distinctive flavor and texture.
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What are the growth prospects and trends in the Pizza Industry:
At present, the rising number of cafes, restaurants, hotels, resorts, clubs, and pubs around the world represents one of the major factors contributing to the market growth. Besides this, the growing demand for gluten-free, vegan, and organic pizza options among health-conscious consumers worldwide is offering a positive market outlook. In line with this, the increasing popularity of Western eating habits, along with the changing consumer taste and preferences, is supporting the growth of the market. Apart from this, the rising trend of customization that allows customers to tailor their pizzas with preferred toppings and crust types is bolstering the growth of the market. Furthermore, the increasing social media influence among the masses across the globe is strengthening the growth of the market.
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The report has segmented the market into the following categories:
Who are the key players in the Pizza Market?
What is included in market segmentation?
Crust Type Insights:
Distribution Channel Insights:
Breakup by Region:
Key highlights of the report:
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