Market Size of Pizza Foodservice Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.20 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Pizza Foodservice Market Analysis
The Global Pizza Foodservice Market is projected to register a CAGR of 7.2% during the forecast period, 2022-2027.
The COVID-19 pandemic led to widespread economic distress throughout the region. The pandemic has profoundly impacted the food systems, including food security and nutrition, food and livestock production (including upstream input and credit provision), food safety, food supply chains, and regional food trade. After the advent of COVID-19, the food service sector was majorly hit by the strict lockdown measures introduced globally to limit the spread of the virus. However, an increasing consumer preference for convenient and on-the-go food options is the crucial attribute that drove the growth of the food service market during COVID-19. According to Domino's annual report, the tremendous sales and profit growth, which started pre-covid in 2020 and continued in 2021, made franchisees willing to expand their businesses by opening new stores. For instance, Domino's Germany opened 13 stores in 2020, and in the Netherlands, Domino's delivery volumes increased by almost 20 percent during COVID-19.
Over the medium term, the changing food consumption patterns and the increasing influence of international cuisines on food consumption habits are likely to drive consumer spending on different types of foodservice. Furthermore, the rapid expansion of infrastructure and urbanization is enabling the penetration of pizza foodservice in the recent past.
Moreover, exposure to media advertisements has influenced the dining habits of people. Also, the increasing millennial population seeking budget-friendly spaces to enjoy meals with their companions is boosting the pizza foodservice market globally.
Pizza Foodservice Industry Segmentation
Pizza foodservice is a pizza outlet that offers different types of pizza to consumers across the globe. Foodservice includes the businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. The global pizza foodservice market is segmented by structure, and geography. Based on the type, the market is segmented into full-service restaurants and quick-service restaurants. Based on the structure, the market studied is segmented into chained outlets and independent outlets. By geography, the market is segmented into regions such as North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The report offers market size and forecasts in value (USD million) for the above segments.
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Pizza Foodservice Market Size Summary
The global pizza foodservice market is experiencing significant growth, driven by evolving consumer preferences and lifestyle changes. The market has rebounded from the challenges posed by the COVID-19 pandemic, which initially disrupted foodservice operations due to lockdowns. However, the pandemic also accelerated the demand for convenient and on-the-go food options, benefiting the pizza segment. The influence of international cuisines and changing food consumption patterns are further propelling consumer spending in this sector. Urbanization and infrastructure development have facilitated the expansion of pizza foodservice outlets, while media exposure and the millennial demographic's preference for budget-friendly dining options are contributing to the market's expansion. The rise in per capita income and employment rates globally has also led to a shift towards dining out, with consumers seeking quick and entertaining meal options.
North America holds a significant share of the pizza foodservice market, with pizza being a staple in the American diet. The region's market is characterized by a high demand for pizza, leading to an increase in the number of outlets and consumer spending in the quick-service restaurant segment. The competitive landscape is marked by the presence of both domestic and international players, with companies like Domino's, Papa John's, and Yum! Brands actively expanding their operations through strategic mergers, acquisitions, and partnerships. The focus on expansion and new product development is crucial for these companies to enhance their market presence and cater to the growing consumer demand. The market's volatility encourages players to innovate and expand their reach, as evidenced by recent expansions and the introduction of franchise programs by key players.
Pizza Foodservice Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Structure
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2.1.1 Chained Outlets
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2.1.2 Independent Outlets
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2.2 By Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 United Kingdom
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2.2.2.2 Germany
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2.2.2.3 Spain
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2.2.2.4 France
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2.2.2.5 Italy
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2.2.2.6 Russia
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2.2.2.7 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle East & Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle East & Africa
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Pizza Foodservice Market Size FAQs
What is the current Pizza Foodservice Market size?
The Pizza Foodservice Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)
Who are the key players in Pizza Foodservice Market?
Papa John's International, Inc., Yum! Brands, Inc., Retail Food Group, Domino's Pizza, Inc. and California Pizza Kitchen are the major companies operating in the Pizza Foodservice Market.
