The low-cost pizza franchise market has experienced significant growth, expanding from $16.26 billion in 2023 to $17.24 billion in 2024, with a CAGR of 6.1%. This growth is driven by the rise of fast-food restaurants and food trucks, increased dining out, a growing millennial population, international cuisine influence, and urbanization. The market is expected to reach $21.96 billion by 2028 at a CAGR of 6.2%, supported by rising pizza demand, quick-service restaurant penetration, online food delivery adoption, and a need for convenient food items. Key trends include increased demand for healthier pizza options, popularity of plant-based and vegan pizzas, online ordering systems, eco-friendly packaging, and healthier product variants.
Major Driver In The Low Cost Pizza Franchise Market
The low-cost pizza franchise market is projected to expand due to the growth in fast-food restaurants. Fast-food restaurants are increasing in number due to their convenience, affordability, and adaptability. Low-cost pizza franchises offer affordable entrepreneurial opportunities and expand the reach of quick-service dining. Domino's reported its U.S. franchise store count grew to 6,566 by the end of 2023, up from 6,400 in 2022. The rise in fast-food restaurants is driving the growth of the low-cost pizza franchise market.
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Low Cost Pizza Franchise Market Competitive Landscape
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
Key Low Cost Pizza Franchise Market Trend
Companies in the low-cost pizza franchise market are introducing innovative franchise models to capitalize on the demand for authentic and high-quality pizza experiences. Pizza franchising allows franchisees to operate under the franchisor's brand. For example, in June 2024, Rosso Pomodoro, an Italy-based pizza company, launched franchise opportunities in the US, featuring a fast-casual concept with authentic Neapolitan pizza and Italian specialties, using a patented Italian pizza oven to emphasize traditional pizza-making artistry.
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Low Cost Pizza Franchise Market Segmentation
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
By Geography:The regions covered in the low-cost pizza franchise market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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 Low Cost Pizza Franchise Global Market Report 2024 furnishes information about the global low cost pizza franchise market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
