A slice of hot, delicious pizza is the perfect quick meal. Not everyone has time or wants to go to their favorite pizzeria or pay restaurant charges.
Grocery stores offer a variety of frozen pizzas to satisfy varied tastes and save customers money. Shoppers noticed.
Due to inflation, 13% of recent pizza restaurant guests are "trading down" to frozen or non-restaurant pizza, according to Vericast.
In a news release, Vericast said that frozen pizza sales rose 11% in the past year and that retailers increased frozen pizza promotions 214%
over the prior two years. Additionally, 43% of recent pizza shop guests buy frozen pizza weekly.
"The pizza battle is on, and grocery stores are winning," Vericast's restaurant division client strategy director Dana Baggett stated in a press statement.
Nearly half of Vericast's 2023 Restaurant TrendWatch respondents said they eat out less due to inflation. Meanwhile, 18% of consumers,
notably millennials and parents, are preferring cheaper pizza brands or restaurants, and 25% of frequent pizza eaters are doing so.
Baggett said Vericast "found that the top choice is actually 'no preference.'" Some individuals think Dominos, Pizza Hut, Papa Johns