Yahoo Finance Vegan Frozen Pizza Market to Heat Up with CAGR of 9.3% during 2023 to 2033: Growing Demand for Plant-based Food Options and Innovations is driving the growth, Says Future Market Insights, Inc.
Online channel segment accounted for nearly 14.5% market share in the global Vegan frozen pizza market in 2023. Dr. Oetker, a vegan frozen pizza brand, has recently launched a range of new vegan pizzas that feature innovative ingredients and flavors, including vegan meat alternatives.
NEWARK, Del, Jan. 31, 2023 (GLOBE NEWSWIRE) -- The global vegan frozen pizza market is expected to be valued at US$ 854 million in 2023 and to reach a valuation of US$ 1908.7 million by 2033. The demand for vegan frozen pizza is estimated to grow at a steady 9.3% CAGR, with the U.K., the U.S., China, and India emerging as key producers.
Companies are focusing on improving the taste and quality of their vegan frozen pizzas to make them more appealing to a wider range of consumers. They are using high-quality, non-GMO and organic ingredients to enhance the flavor and nutritional value of the pizzas. This is helping them to attract new customers who are looking for healthier and more natural food options.
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Companies are also introducing a wide range of flavors to cater to different taste preferences. They are introducing new toppings and sauces to make their pizzas more appealing to customers. This allows them to target a wider customer base and attract customers who have different taste preferences. Some companies are also introducing limited edition flavors to keep their product offerings fresh and exciting.
Personalization is another trend in the vegan frozen pizza market. Companies are offering customers the option to customize their pizzas by allowing them to choose their own toppings and crusts. This allows customers to create a pizza that fits their preferences and dietary restrictions. This is a great way for companies to differentiate themselves from their competitors and attract customers who are looking for a more personalized food experience.
The Future is Plant-based: Opportunities in the Vegan Frozen Pizza Market
The demand for vegan frozen pizza is likely to grow due to the growing opportunities in the market. These include:
Growing demand for plant-based food options | Increasing number of health-conscious consumers |
Growing popularity of veganism | Innovation in plant-based ingredients |
Regulatory Scrutiny, Consumer Perception, Competition, and Rising Prices: A Slice of Hurdles for the Frozen Pizza Market
The sales of vegan frozen pizza are expected to face several threats, few of those include:
Competition from home-delivery services and online retailers | Increasing regulatory scrutiny on food labeling and ingredient disclosure |
The rising price of raw materials, particularly for plant-based ingredients | Consumer perception that frozen food is not as healthy or fresh as other options. |
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Key Takeaways
The demand for vegan frozen pizza is driven by the increasing demand for plant-based food options, rising number of health-conscious consumers, and growing popularity of veganism.
The market is facing challenges such as health concerns associated with frozen foods, competition from other food options, and allergies and dietary restrictions.
Companies are investing in research and development to create new and innovative plant-based ingredients and gluten-free options.
Companies are focusing on improving taste and quality, introducing new flavors, and offering personalization options to attract customers.
Competitive Landscape
The competitive landscape of the vegan frozen pizza market is highly fragmented with a large number of small and large players operating in the market. The market is characterized by the presence of several established players such as Dr. Oetker, Amy's Kitchen, Conagra Brands, Nestle, and Tofurky. These players have a strong presence in the market and are known for their high-quality products and wide product range. They have a strong distribution network and have established a strong brand image in the market.
In addition to the established players, there are also a number of small and medium-sized enterprises that are operating in the market. These players are focusing on niche segments and are known for their specialty products. They have a strong regional presence and are focusing on expanding their distribution network. They are also focusing on developing new and innovative products to attract new customers.
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The start-up ecosystem of the vegan frozen pizza market is also quite active, with several new players entering the market. These start-ups are focused on developing new and innovative products and are using technology to improve the quality and taste of their products. They are also focusing on creating sustainable and eco-friendly products to attract environmentally conscious consumers. Many of these start-ups have gained a strong following and have quickly grown in the market.
Key Segments
Crust Type:
Thin Crust
Thick Crust
Stuffed Crust
Size
Small
Medium
Large
Distribution Channel:
Supermarkets and hypermarkets
Convenience stores
Online channels
Others
By Toppings:
Vegan Cheese
Vegan Basil Pesto Sauce
Roasted Vegetables
Balsamic Glaze
Vegan Ranch
Avocado
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
Explore FMI’s Extensive Coverage in Food & Beverage Domain:
Frozen Pizza Market Demand: The frozen pizza demand outlook is expected to remain positive with the market value projected to reach US$ 32.89 Bn by 2031 at a CAGR of 6.0% during 2021-31.
Vegan Yogurt Market Analysis: The global vegan yogurt market size is expected to reach a market valuation of US$ 2.2 Bn in 2022, with sales growing at a robust 8.9% CAGR over the forecast period.
Vegan Pasta Market Forecast: As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 416.7 Mn by 2032, rising at a CAGR of 9% for 2022-32.
Vegan Pizza Crust Market Value: Global vegan pizza crust market is expected to be valued at US$ 989.1 million in 2023 and to reach a valuation of US$ 1866.5 million by 2033.
Vegan Bacon Market Size: The global vegan bacon market size is estimated to reach US$ 1,280 Mn in 2022 and is further expected to grow at a robust CAGR of 6.6% between 2022 and 2032
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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