The Pizza Restaurants industry has experienced growth over the five years to 2019, primarily due to rising consumer spending and changing preferences. As a result, a larger share of spending has flowed through to pizza restaurants, since consumers have developed a more optimistic economic outlook. Consumers have been indicating a preference for quick-service pizza shops, where pizza can be ordered online, rather than traditional, sit-down pizza restaurants; this has limited industry growth. Overall, industry revenue is expected to increase during the current period. Over the five years to 2024, industry revenue is anticipated to continue rising as the economy improves and consumers continue to spend on eating at pizza restaurants.
This industry is composed of establishments that prepare and serve pizza and other related items. The industry includes both full-service restaurants and quick-service establishments.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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