Frozen Pizza Sales Surge, Echoing 2009 Recession Trend As Americans Cut Back On Dining Out Amid Economic Strain
Consumers are increasingly turning to comfort foods, with frozen pizza sales experiencing a significant surge, a trend some experts view as a potential indicator of shifting consumer behavior amid growing economic uncertainty.
What Happened: Consumers are reaching for more frozen pizza, especially the premium option, amid economic unease, according to a report by Business Insider. This pattern has been noted during past economic downturns as well.
Craig Zawada, the Chief Visionary Officer at Pros Holdings, a price optimization firm, clarified that while it may seem paradoxical for consumers to choose high-priced frozen pizzas during a downturn, it’s a trade-off as they substitute dining out with eating at home. “This happens every sort of downturn in the economy,” Zawada said.
During the 2009 recession and the 2020 pandemic, frozen food sales, particularly frozen pizza, significantly increased. According to market research firm IBISWorld, the U.S. frozen pizza industry generated $6.5 billion in annual revenue in 2024 and remains well above its pre-pandemic level.
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Why It Matters: As economic anxiety stirs up once again, consumers are leaning towards eating at home and stocking up from the grocery store’s frozen aisle. This trend is reflective of a more home-centric consumer behavior, driven by factors such as inflation and the ongoing global uncertainty.
The shift in consumer behavior towards home dining and frozen foods is not a new phenomenon. The average person consumed close to 40 pounds of pizza a year before the COVID-19 pandemic. The pandemic only amplified this trend.
Moreover, recent data showed that U.S. retail sales only slightly increased in February, falling short of expectations and raising concerns about consumer strength.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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