Global Pizzas Market 2021 is Rising Steadily at a CAGR of 6.9% by 2028 – Proficient Market Research

Market Overview:

A pizza is a savoury dish comprising of a typically round, crushed base of leavened wheat-based dough topped with tomatoes, cheese, and often different other ingredients such as anchovies, mushrooms, onions, olives, pineapple, meat, etc., which is then baked at a high temperature, in a wood-fired oven. Exchange of culture and food has endorsed pizza as a global food. Over the years, young population has developed a craving of pizza. This food item holds a mixture of different parts such as crust, vegetables, cheese, sauce, meat or other proteins. It is available in two types that are veg pizzas and, non-veg pizzas. Increasing population ratio and rapid urbanization in emerging countries is one of the major driving factors for the global pizzas market.

The different types of pizzas available in the market include veg pizzas, and non-veg pizzas. Veg pizzas is made from plant-based ingredients only is going to be lighter on the calories. Non-veg pizzas are one of the most preferred type of pizzas around the world. Non-veg pizzas offers several varieties of taste, most of the flavours are influence with the traditional spices of the countries. The various application of pizzas includes chain pizzeria and Independent Pizzeria. Independent pizzerias are often run by individuals, families or small groups, while companies are typically at the controls of chain restaurants.

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The global pizzas market is expected to grow at a CAGR of 6.9% during the forecast period from 2020 to 2028.

The main players in future would tend to merge with smaller players of the market. Development in technology such as online branding as well as introduction of smartphone applications to pay the bills has changed the scenario and is further anticipated to show promising growth of market. The companies are further increasing their operations and production through franchisee network and advertisements. Some of the major key players in the market include Boston Pizza International Inc., California Pizza Kitchen, Inc., Domino’s Pizza, Inc., Little Caesar Enterprises Inc., Papa John’s Pizza, Inc., Papa Murphy’s Holdings, Inc., Telepizza Group S.A., Marco’s Franchising LLC., Blaze Pizza, LLC., and Pizza Hut.

Global Pizzas Market, By Type
Based on type, the pizzas market is segmented into the following:

Veg Pizzas
Non-veg Pizzas

In 2019, non-veg pizzas segment led the overall pizzas market and this segment is expected to witness considerable growth over the forecast period. Non-veg pizzas are one of the most preferred type of pizzas around the world. Non-veg pizzas offers several varieties of taste, most of the flavours are influence with the traditional spices of the countries. Non-veg pizzas comprises of toppings such as salamy, pepperoni, bacon, chicken breasts, ham, sausages.

Global Pizzas Market, By Application
Based on application, the pizzas market is segmented into following:

Chain Pizzeria
Independent Pizzeria

In 2019, chain pizzeria segment led the overall pizzas market. Most of the top pizza chains have also seen major sales gains during the pandemic. According to 2019 year-end sales figures from recent study, the chain pizzeria accounted for nearly 60% sales globally.

Global Pizzas Market, By Geography
Based on geography, the pizzas market is segmented into following:

North America
U.S.
Canada

Europe
UK
Germany
France
Rest of Europe

Asia Pacific
China
Japan
India
Rest of Asia Pacific

Latin America
Mexico
Brazil
Rest of Latin America

Middle East and Africa (MEA)
GCC Countries
South Africa
Rest of MEA

In 2019, the overall pizzas market was led by the Europe region in terms of market value. As, the market value of the pizza industry in Europe was forecast to reach approximately 53.2 billion U.S. dollars in 2020. The Europe segment is expected to witness the fastest growth during the forecast period from 2020 to 2028.

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