The global low-cost pizza franchise market revenue was around US$ 17.2 billion in 2023 and is estimated to reach US$ 26.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2024 to 2032.
A low-cost pizza franchise is a possibility where the investment needed to start and run a pizza store is relatively lower than conventional pizza franchises. The low-cost pizza franchises have augmented the accessibility of the franchises to individuals with limited capital who like to enter the pizza business. The investment needs for a low-cost pizza franchise differ and rely on locations, brands, and scale of operations.
Factors Influencing Market Growth
- The low-cost pizza franchise market growth is anticipated to be significantly influenced by the rise in demand and consumption of pizza across developing and developed economies.
- The substantial rise in the penetration of quick-service restaurants (QSRs) across the globe is anticipated to facilitate the consumption of pizza, which in return will favor the growth of the low-cost pizza franchise market during the forecast period.
- The rise in women's employment in developing and developed nations is anticipated to propel the demand for pizzas, which is anticipated to offer lucrative opportunities for international and local pizza brands, thereby enabling the growth of the low-cost pizza franchise market in the future.
Regional Analysis
Asia-Pacific is anticipated to be the fastest-growing market during the forecast period. The increase in demand for pizza, the need for more employment opportunities in developing nations, the growing urbanization, the expansion in the penetration of pizza stores in small towns, and the rising popularity of eating out culture are some of the major factors that are helping the growth of the low-cost pizza franchise market in this region.
Leading Companies
The leading prominent companies profiled in the global low-cost pizza franchise market are: -
- Papa John's International, Inc.
- Jets America, Inc.
- Hungry Howies Pizza & Subs, Inc.
- Marcos Franchising, LLC.
- Red Brick Pizza LLC.
- Sbarro LLC.
- Domino's Pizza, Inc.
- Mr. Gattis Pizza, LLC.
- Papa Murphys International LLC.
- Little Caesar Enterprises, Inc.
- Other prominent key players
Segmentation Outline
The global low-cost pizza franchise market segmentation focuses on Revenue Component, Type, Franchise Location, and Region.
Segmentation based on Revenue Component
- Franchise Fees
- Royalty Fees
- Advertising and Marketing Fees
- Supply Chain and Purchasing Fees
- Renewal Fees
- Others
Segmentation based on Type
- Delivery and Takeout Franchise
- Carryout Franchise
- Fast Casual Franchise
- Mobile Pizza Franchise
- Others
Segmentation based on Franchise Location
- Domestic
- International
Segmentation based on Region
- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa