Low-Cost Pizza Franchise Market Report 2024

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 increase during the historical period can be credited to the rising number of fast-food restaurants and food trucks, growing popularity of dining out, expanding millennial population, increasing influence of international cuisines on food preferences, rapid development 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 projected period can be attributed to the increasing demand and consumption of pizza, expanding presence of quick-service restaurants, rising pizza demand, adoption of online food delivery platforms, and escalating demand for convenient food options. Key trends expected in the forecast period include rising demand for healthier pizza choices, increasing popularity of plant-based and vegan pizzas, integration of online ordering systems, implementation of eco-friendly packaging, and introduction of healthier product variations.

The expansion of fast-food restaurants is anticipated to drive growth in the low-cost pizza franchise market. Fast-food establishments specialize in quick, standardized meals prepared in bulk for immediate consumption, catering to diverse consumer preferences in urban and suburban areas due to their convenience, affordability, and adaptability. Low-cost pizza franchises contribute to the growth of fast-food dining by offering accessible opportunities for aspiring entrepreneurs, thereby enhancing the availability of quick-service dining options across various locations. For example, Domino's reported a rise in US franchise outlets from 6,400 in 2022 to 6,566 by the end of 2023, illustrating this trend. Consequently, the increase in fast-food restaurants is propelling the expansion of the low-cost pizza franchise market.

Key players in the low-cost pizza franchise sector are concentrating on innovative franchise models to distinguish their offerings and meet increasing consumer demand for authentic, high-quality pizza experiences. Pizza franchising involves a business model where a company (the franchisor) grants individuals or businesses (the franchisees) the right to operate a pizza restaurant under the franchisor's brand name and guidelines. For instance in June2024, Rosso Pomodoro, an Italy-based pizza company, recently launched franchise opportunities in the US. These new franchises will introduce a fast-casual concept, offering authentic Neapolitan pizza and Italian specialties made with premium ingredients. Each location will feature a patented Italian pizza oven, highlighting the craftsmanship and tradition of Neapolitan pizza-making.

In March 2021, Flynn Restaurant Group LP, a prominent US-based restaurant franchise operator, acquired 937 Pizza Hut locations and 194 Wendy's units for an undisclosed sum. This strategic acquisition is aimed at expanding Flynn's portfolio significantly, solidifying its position as the largest franchise operator in America, overseeing a total of 2,355 restaurants across various brands. Wendy's Company, known globally as the third-largest hamburger fast-food chain, is renowned for its square hamburgers, sea salt fries, and Frosty soft ice cream. Pizza Hut LLC, a prominent American pizza restaurant chain, offers a menu featuring Italian-American cuisine, including pizzas, pastas, salads, and desserts, alongside franchising opportunities.

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.

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.

The countries 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.

Low-cost pizza franchises offer affordable business opportunities where entrepreneurs can operate pizza restaurants using an established brand. These franchises typically provide streamlined operations, standardized recipes, and access to a proven business model with a relatively low initial investment.

The primary types of low-cost pizza franchises include delivery and takeout franchises, carryout franchises, fast-casual franchises, mobile pizza franchises, and others. Delivery and takeout franchises focus on providing pizza delivery and takeout services, catering to customers seeking convenient and fast dining options. Various revenue components for these franchises include franchise fees, royalty fees, advertising and marketing fees, supply chain and purchasing fees, renewal fees, and others, varying across different franchise locations, whether domestic or international.

The low-cost pizza franchises market research report is one of a series of new reports that provides low-cost pizza franchises market statistics, including low-cost pizza franchises industry global market size, regional shares, competitors with a low-cost pizza franchises market share, detailed low-cost pizza franchises market segments, market trends and opportunities, and any further data you may need to thrive in the low-cost pizza franchises industry. This low-cost pizza franchises market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The low-cost pizza franchise market includes revenues earned by entities by catering services, delivery and takeout services, various types of pizzas, sales of beverages, and offerings of salads, breadsticks, wings, and fries. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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