Food & Beverage

$42M growth projected for pizza market

Food truck operators serving up the Italian food favorite pizza can't be anything but happy about a market report.

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September 7, 2021

The U.S. pizza market is expected to grow $42.20 million between 2021 and 2025, according to a Technavio report.

The report identifies the increasing consumption of pizza in developing countries, the rising popularity of fast-casual pizza restaurants, and growing consumer inclination toward vegan pizza are the major factors driving the growth of the market, according to a press release. The report also provides information on other latest trends and drivers impacting the overall market environment.

The report forecasted an accelerated growth rate of 44% in North America. Sales of pizza were up 4.84% in 2021.