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Pizza market to increase by $51B

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January 17, 2023

The global pizza market will increase by $51.28 billion from 2021 to 2026 and will accelerate at a compound annual growth rate of 6.11%, according to a Technavio report.

North America will account for 43% of the market's growth during the forecast period.

One of the key factors driving growth in the pizza markets worldwide is the increasing consumption of pizza in developing countries. The growing popularity of online food orders through portals and mobile apps is a pizza market trend that is expected to have a positive impact in the coming years. The fluctuation in the prices of food commodities will be a major challenge for the pizza market during the forecast period.