The Indian pizza market has seen tremendous growth in recent years. According to a report by Mordor Intelligence, the market is expected to reach a value of INR 81,406 crore (approx. USD 11 billion) by 2025, growing at a compound annual growth rate of 11.5% between 2020 and 2025.
There are several factors driving the growth of the Indian pizza market. One major factor is the increasing urbanization and westernization of the country. As more and more people move to cities and adopt western lifestyles, the demand for international cuisines, including pizza, has increased.
Another factor is the rising disposable incomes of consumers. With more money to spend, people are willing to pay for premium and gourmet pizzas, leading to the emergence of high-end pizza restaurants in the country.
The growing popularity of online food delivery platforms has also contributed to the growth of the pizza market in India. These platforms make it easier for people to order pizza from the comfort of their homes and have it delivered to them.
The Indian pizza market is highly competitive, with both domestic and international players vying for a share. Some of the major players in the market include Pizza Hut, Dominos, and Papa John's. These companies have established a strong presence in the country and have a wide range of offerings to cater to different tastes and preferences.
In conclusion, the Indian pizza market is seeing rapid growth and is expected to continue to grow in the coming years. The increasing urbanization, westernization, and disposable incomes of consumers, as well as the growing popularity of online food delivery platforms, are some of the major factors driving this growth. The market is highly competitive, with both domestic and international players vying for a share.
Indian pizza market growing at a rapid pace
Supermarkets are widely the most preferred channel for purchasing frozen pizza holding a market share of 31. Customization Instead of offering basic toppings, pizza vendors now allow customers to customise their pizzas by selecting the base, toppings, and other fillings. Y-o-Y Growth Trend Analysis 8. Indian Population in the Age Group of 15-34 Volume-wise; 2011-2021e 4. Though pizza has been available in this country for some time, in the last few years, the popularity of this food has boomed. North America Frozen Pizza Market Analysis 2016-2020 and Forecast 2021-2031 15. Australia Market Share Analysis 2016, 2021 20.
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Key Financial Performance Indicators All Public Companies f. The casual dining chain has had a presence in India for 15 years. As a result of this unique marketing campaign, frozen pizza has become extremely popular. Global Frozen Pizza Market Analysis 2016-2020 and Forecast 2021-2031, By Sales Channel 12. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. Companies with these certifications have a solid reputation in the marketplace.
India Frozen Pizza Market to Reach US$ 1,842.2 Thousands at a CAGR of 14.8% in 2027
A significant factor boosting the frozen pizza market is the increasing use of vegan ingredients. Germany Market Share Analysis 2016, 2021 17. The steady growth of incomes in India has also surged the growth of the pizza market. The major global manufacturers of Pizza Cutting Tools include Kitchy, Dexter Russell, Oxo, Rösle, Dreamfarm, Cook Works, Winco, Cangshan and Robe, etc. Conclusion Given the expanding popularity of pizza in India, the great development potential for significant suppliers, and the constant investments being made to enhance the growth of these essential vendors in this region, it is reasonable to conclude that the Indian pizza market will continue to grow in the future years. Mindful of this fact, fast food companies in this region have also incorporated paneer in their products, expanding their reach and leading to an increased demand of Indian cheese Paneer. Hand-tossedStylePizza: Hand-tossed style pizza is a traditional method of making pizza with a dough that is hand-kneaded and then baked in an oven.
