Frozen Pizza Prices Rise Due to Raw Material Cost Increase... CJ CheilJedang and Pulmuone Price Hikes

[Asia Economy Reporter Eunmo Koo] The prices of frozen pizzas have increased due to rising costs of raw materials such as flour and cheese.

According to the industry on the 30th, CJ CheilJedang and Pulmuone, the second and third largest frozen pizza companies, raised their frozen pizza prices on the 28th.

CJ CheilJedang increased the prices of all five types of Gourmet premium pizzas. The representative product, 'Gourmet Chili Gambas Pizza,' rose from 8,980 won to 9,980 won, a 1,000 won increase.

Pulmuone also raised the prices of some frozen pizza products by up to 1,000 won. The representative product, 'No Edge Pizza,' increased from 6,980 won to 7,980 won, and the 'Chicago Pizza' was adjusted upward from 9,480 won to 9,980 won, a 500 won increase.

However, Ottogi, the market leader in frozen pizzas, is reportedly not discussing any price increases at this time.

Earlier, delivery pizza companies such as Domino's Pizza, Mr. Pizza, and Papa John's raised their prices one after another earlier this year, citing overall cost increases including labor and ingredients. Domino's Pizza raised pizza prices by 1,000 won in January, and Korea Papa John's also increased prices starting in March by 1,000 won for regular size pizzas, 2,000 won for large size, and 3,000 won for family size.

This content was produced with the assistance of AI translation services.