The low-cost pizza franchise global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Low-Cost Pizza Franchise Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The low-cost pizza franchise market size has grown strongly in recent years. It will grow from $16.26 billion in 2023 to $17.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to growth in numbers of fast-food restaurants and food trucks, increase in popularity of dining out, increasing millennial population, increasing influence of international cuisines on food consumption habits, rapid expansion of infrastructure and urbanization.
The low-cost pizza franchise market size is expected to see strong growth in the next few years. It will grow to $21.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to growth in demand and consumption of pizza across, rise in the penetration of quick-service restaurants, increase in demand for pizza, growth in the adoption of online food delivery platforms, escalating demand for convenient food items. Major trends in the forecast period include increasing demand for healthier pizza options, growing popularity of plant-based and vegan pizzas, embracing online ordering systems, implementing eco-friendly packaging, introduction of healthier product variants.
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Scope Of Low-Cost Pizza Franchise Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Low-Cost Pizza Franchise Market Overview
Market Drivers –
The growth in the number of fast-food restaurants is expected to propel the growth of the low-cost pizza franchise market going forward. Fast-food restaurants refer to establishments that serve quick, standardized meals typically prepared in bulk and intended for immediate consumption. Fast-food restaurants are growing due to their convenience, affordability, and ability to adapt to diverse consumer preferences in urban and suburban settings. The low-cost pizza franchise contributes to the growth of fast-food restaurants by offering affordable entry options for aspiring entrepreneurs, thereby expanding the overall presence and accessibility of quick-service dining options in various locations. For instance, in February 2024, according to the annual report of Domino’s, a US-based pizza restaurant chain, in 2023, the year-end store count of Domino’s in the US franchise was 6,566, an increase from 6,400 in the year 2022. Therefore, the growth in the number of fast-food restaurants is driving the growth of the low-cost pizza franchise market.
Market Trends –
Major companies operating in the low-cost pizza franchise market focus on innovative franchise options to differentiate their offerings and capitalize on growing consumer demand for authentic and high-quality pizza experiences. Pizza franchising is a business model where a company (the franchisor) grants individuals or other businesses (the franchisees) the rights to operate a pizza restaurant under the franchisor’s brand name and according to their established guidelines. For instance, in June 2024, Rosso Pomodoro, an Italy-based pizza company, launched franchise opportunities in the US. The new US franchises will introduce a fast-casual concept, serving authentic Neapolitan pizza and Italian specialties with top-quality ingredients. Each location will feature a patented Italian pizza oven, emphasizing the artistry and tradition of Neapolitan pizza-making.
The low-cost pizza franchise market covered in this report is segmented –
1) By Type: Delivery And Takeout Franchise, Carryout Franchise, Fast Casual Franchise, Mobile Pizza Franchise, Other Types
2) By Revenue Component: Franchise Fees, Royalty Fees, Advertising And Marketing Fees, Supply Chain And Purchasing Fees, Renewal Fees, Other Revenue Components
3) By Franchise Location: Domestic, International
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Regional Insights –
North America was the largest region in the low-cost pizza franchise market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the low-cost pizza franchise market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the low-cost pizza franchise market are Pizza Hut LLC, Domino’s Pizza, Papa Johns, Little Caesars, Pieology Pizzeria, MOD SUPER FAST PIZZA LLC, Round Table Pizza, Donatos, Jet’s Pizza, Toppers Pizza, PAPA MURPHY’S, The Marco’s Pizza, Hungry Howie Pizza & Subs Inc., Blaze Pizza LLC, Mountain Mike’s Pizza, PizzaRev, Pizza Factory, CICI ENTERPRISES LP, Pie Five Pizza Company, Rosati’s Pizza, LEDO PIZZA SYSTEM INC., Paisano’s Pizza, Your Pie Pizza Franchise
Table of Contents
1. Executive Summary
2. Low-Cost Pizza Franchise Market Report Structure
3. Low-Cost Pizza Franchise Market Trends And Strategies
4. Low-Cost Pizza Franchise Market – Macro Economic Scenario
5. Low-Cost Pizza Franchise Market Size And Growth
…..
27. Low-Cost Pizza Franchise Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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