Pizza Toppings Market

Pizza Toppings Market Size, Growth, Forecast (2023-2028)

In 2022, the Global Pizza Toppings Market size was valued at US$ 18.21 billion, and by 2028, it is predicted to reach a market capitalization of US$ 27.56 billion. Over the projection period of 2023-2028, it is expected to develop at a high CAGR of 5.3 percent.

Market Overview:

Pizza is an Italian dish made up of dough, flour, olive oil, pizza toppings, and more. Pizza toppings are the primary ingredients used to grow the demand of the pizza market. These toppings include vegetable and meat categories containing pepperoni, cheese, onions, tomatoes, mushrooms, sausage, bacon, etc.

REPORT COVERAGE:

Drivers:

From past years baking dishes and fast foods are registering high demand in the food industry. In addition, increasing urbanization and change in people's lifestyles lead to growth in the pizza market. Moreover, company leaders are manufacturing the products more related to organic, also the major driving factor.

In addition, Consumers are showing interest in ready-to-eat foods will also help to drive the pizza toppings market. Bringing different vegan topping products in pizza is attracting consumers to eat pizza regularly. Due to a busy lifestyle and insufficient time, employees prefer ready-to-eat foods like pizza and burgers. They increase modern living methods and conduct professional meetings, gatherings, and family parties, which is also the raising factor in the pizza toppings market.

Restraints:

Food and Beverages producers are facing raw material problems and a shortage of labor due to COVID-19. Further, factors like increased healthy diets towards fresh food and organic dishes may pull back the market.

Opportunities:

Manufacturers are introducing the dishes related to organic, non-vegetarian topping pizza products is an excellent opportunity. Moreover, increasing online sales is also a trending opportunity.

COVID-19 impact on Pizza Toppings Market:

Domino's, the world's largest pizza company by sales, had the largest American market share before the epidemic. According to Bloomberg Intelligence, Domino's claimed 19 percent of overall pizza sales in the United States last year, thanks to its dominance in delivery. In 2019, the company accounted for 36 percent of all delivery sales in the United States, compared to 26 percent for all other big chains combined.

The COVID-19 Pandemic, which began in mid-March, forced many state and local governments to impose mandatory stay-at-home orders, close businesses and schools, and cancel events. Restaurant teams were designated necessary personnel in the effort to feed the United States. Even though restaurants were allowed to operate with closed dining rooms, many adapted their business practices.

Since the shutdown in March, pizza today has heard multiple accounts of various businesses enjoying significant revenue growth during the pandemic. We wanted to investigate if this was a common occurrence in the industry. So we sought out pizzeria owners to get a sense of where they stand in the face of a global pandemic.

During the COVID-19 pandemic, about 70% of pizzerias had to close for whatever reason. While 43% of pizzerias were completed for less than a month, another 31% were closed for two months or more. As of August, more than half of American pizzerias did not have any dine-in customers, and only 2.6 percent had a 100% dine-in capacity.

Staffing in the industry has been extremely tough. Between March and August, 44% of operators furloughed or laid-off workers. Those who decreased their staff lost 50% or more of their team, according to 38% of those polled. However, there is one bright note in the job outlook: 72 percent of operators say they have been able to rehire their furloughed employees. The engaging according to multiple sources, engaging staff has become the employment difficulty that operators are currently striving to tackle.

Pizza Toppings Market Segmentation Analysis:

Pizza Toppings Market is segmented into the following categories as per the research report until 2026.

By Category:

• Vegetable Toppings
• Meat Toppings

Based on the category of pizza toppings market, the segment is divided into vegetable toppings and meat toppings. Besides meat toppings, vegetable toppings occupy the largest market share in this segment due to their flavor and low-fat content compared to other toppings. As the trend toward ready-to-eat frozen foods grows, meat toppings are among the fastest expanding categories of the frozen pizza industry, with a 6.3 percent CAGR between 2021 and 2026. Furthermore, the availability of a wide range of methods for flavoring meat presents considerable market growth prospects. Moreover, chicken is a slice of thin, versatile meat that may be used in various artisan pizza styles.

By Type:

• Pepperoni

• Mushrooms
• Onions
• Tomatoes
• Sausage
• Bacon
• Cheese
• Beef Bacon
• Grilled Chicken
• Black olives
• Green peppers
• Others

Based on the type of pizza toppings market, the segment is divided into pepperoni, mushrooms, sausage, bacon, cheese, beef bacon, grilled chicken, black olives, green peppers. Pepperoni is America's favorite pizza topping, according to a poll of over 6,000 adults in the United States. About two-thirds of Americans (64%) say they enjoy this topping. Sausage (56 percent), mushrooms (54 percent), additional cheese (52 percent), and onions are other popular additions among US adults (48 percent).

By Distribution Channel:

• Retail
• Online

Based on the distribution channel of the pizza toppings market, the segment is divided into retail, online. The retail segment dominates the industry due to the one-stop shopping experience. Since the coronavirus epidemic swept the planet in early 2020, online frozen food sales have surged considerably.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Based on the region, the segment is divided into North America, Latin America, Europe, Asia pacific, and Middle East & Africa. North America is leading the market share of the pizza toppings market due to high, increasing urbanization and development in cities. The US, Canada are the significant regions holding the pizza toppings market. On February 9th, the US will celebrate that day as "National Pizza Day," so the reason pizza popularity is more in that region.

With the increasing popularity of pizzas in developing nations like India, China, Bangladesh, and the Philippines, Asia Pacific is predicted to expand at the quickest CAGR from 2022 - 2027 followed by Europe. Despite this, MEA tends to hold the significant market share during the forecast period.

Key Players in the Market:

Major key players in the Global Pizza Toppings Market are

• Archer Daniels Midland Company
• Arla
• Tate & Lyle
• AAK
• Lawrence Foods, Inc