2023 Industry Trends

The Wide World of Pizza

Pandemic aside, the global pizza market will keep growing in 2022, according to the latest data from Euromonitor International. The worldwide pizza market should total $141.1 billion in sales in 2022, a 6.7% increase, according to Euromonitor’s projections. The biggest explosion will happen in Eastern Europe (12.7% growth) and Latin America (12.2%).

In North America, where the pizza market is more mature, Euromonitor projects overall sales growth of 5.3% to $56.5 billion. Full-service restaurants should experience a hefty sales jump of 9.7%, reaching $19.3 billion, next year, while limited-service pizza enjoys a 3.3% bump to $37.2 billion.

(PMQ Pizza Power Report 2022)

The UK Pizza & Takeaway

The UK eating out market is set to value £95.2 billion in 2022, up 4% versus its 2019 figure. That’s according to the new Lumina Intelligence UK Eating Out Market Report from March 2022. However, currently 39% of people have cut on eating out.

The market size of the Pizza Delivery & Takeaway industry is £3.5bn in 2022 It is expected to grow 6.4% in 2022 alone. In the UK, the market size of the Pizza Delivery & Takeaway industry increased faster than the Consumer Goods & Services sector overall.

In 2021 consumer spending on chilled pizza in the UK topped over £638 million. (Kantar) It is expected to steadily grow year upon year.

The 5 Industry Trends to Consider in 2023