Study: Global frozen pizza market expected to reach $20.80B by 2026
Increasing advancement in freezing technology and an upsurge in fast food outlets in emergent economies are likely to provide worthwhile opportunities for the market key players in the global frozen pizza market.
The global frozen pizza market was valued $12.20 billion in 2017, and is expected to reach $20.80 billion by 2026, at a CAGR of 6.59 % during a forecast period, according to a market research report released by Trends Market Research, London.
Consumers’ busy lifestyles, change in eating traditions, increased disposable income, an upsurge in a standard of living and a rapid surge in a number of retail chains are boosting the growth in the global frozen pizza market. Furthermore, growing penetration of social media and food sites are creating awareness about eating food trends, which is encouraging growth in the global frozen pizza market.
However, frozen pizza is perceived to be less nutritious and consist of a high quantity of sodium and preservatives, thus limiting market growth. Poor freezing facilities in semi-urban and rural areas also restrain growth.