A Inside Look at the Trends and Changes in 2016
Another year has come and gone, leaving behind new trends that have the potential to reshape how the pizza world conducts business. It is safe to say that America loves its pizza. As one of the most lucrative food industries, pizza sales in the United States topped $44.43 billion this past year. The top 5 chains (Pizza Hut, Domino’s, Little Caesars, Papa John’s, and Papa Murphy’s) made up 55.72% of that, or $24.75 billion. Independent and small chains made up 44.28% or $19.75 billion. Clearly, consumers are not slowing down their consumption of pizza, whether they are purchasing it from large chains or smaller, independent pizzerias.
Based on a thorough analysis of PMQ’s Annual Pizza Power Report, here are the discoveries and highlights of 2016 and how these changes affected the industry. (more…)