A pizza is a savoury dish comprising of a typically round, crushed base of leavened wheat-based dough topped with tomatoes, cheese, and often different other ingredients such as anchovies, mushrooms, onions, olives, pineapple, meat, etc., which is then baked at a high temperature, in a wood-fired oven. Exchange of culture and food has endorsed pizza as a global food. Over the years, young population has developed a craving of pizza. This food item holds a mixture of different parts such as crust, vegetables, cheese, sauce, meat or other proteins. It is available in two types that are veg pizzas and, non-veg pizzas. Increasing population ratio and rapid urbanization in emerging countries is one of the major driving factors for the global pizzas market
The different types of pizzas available in the market include veg pizzas, and non-veg pizzas. Veg pizzas is made from plant-based ingredients only is going to be lighter on the calories. Non-veg pizzas are one of the most preferred type of pizzas around the world. Non-veg pizzas offers several varieties of taste, most of the flavours are influence with the traditional spices of the countries. The various application of pizzas includes chain pizzeria and Independent Pizzeria. Independent pizzerias are often run by individuals, families or small groups, while companies are typically at the controls of chain restaurants.
The main players in future would tend to merge with smaller players of the market. Development in technology such as online branding as well as introduction of smartphone applications to pay the bills has changed the scenario and is further anticipated to show promising growth of market. The companies are further increasing their operations and production through franchisee network and advertisements. Some of the major key players in the market include Boston Pizza International Inc., California Pizza Kitchen, Inc., Domino's Pizza, Inc., Little Caesar Enterprises Inc., Papa John's Pizza, Inc., Papa Murphy's Holdings, Inc., Telepizza Group S.A., Marco’s Franchising LLC., Blaze Pizza, LLC., and Pizza Hut.
Recent Development:
- In January 2021, Boston Pizza International Inc. has announced to include the two new Boston Pizza restaurants opened across Canada
- In November 2020, California Pizza Kitchen has completed financial restructuring and recovers from Chapter 11 bankruptcy
- In April 2019, Papa Murphy's has signed definitive merger agreement with MTY Food Group Inc., which is a restaurant franchisor with nearly 6,000 stores in North America
