Overview and Scope
Low-cost pizza franchise refer to affordable business opportunities that allow entrepreneurs to operate pizza restaurants under an established brand. These franchises typically offer streamlined operations, standardized recipes, and access to a proven business model at a relatively low initial investment.
Sizing and Forecast
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 growth in the historic period can be attributed to growth in numbers of fast-food restaurants and food trucks, increase in popularity of dining out, increasing millennial population, increasing influence of international cuisines on food consumption habits, rapid expansion 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 forecast period can be attributed to growth in demand and consumption of pizza across, rise in the penetration of quick-service restaurants, increase in demand for pizza, growth in the adoption of online food delivery platforms, escalating demand for convenient food items. Major trends in the forecast period include increasing demand for healthier pizza options, growing popularity of plant-based and vegan pizzas, embracing online ordering systems, implementing eco-friendly packaging, introduction of healthier product variants.
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
The growth in the number of fast-food restaurants is expected to propel the growth of the low-cost pizza franchise market going forward. Fast-food restaurants refer to establishments that serve quick, standardized meals typically prepared in bulk and intended for immediate consumption. Fast-food restaurants are growing due to their convenience, affordability, and ability to adapt to diverse consumer preferences in urban and suburban settings. The low-cost pizza franchise contributes to the growth of fast-food restaurants by offering affordable entry options for aspiring entrepreneurs, thereby expanding the overall presence and accessibility of quick-service dining options in various locations. For instance, in February 2024, according to the annual report of Domino’s, a US-based pizza restaurant chain, in 2023, the year-end store count of Domino’s in the US franchise was 6,566, an increase from 6,400 in the year 2022. Therefore, the growth in the number of fast-food restaurants is driving the growth of the low-cost pizza franchise market.
Key Industry Players
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
The low-cost pizza franchise market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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