The latest Popcorn Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Popcorn Market is valued approximately USD 5.20 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.5% over the forecast period 2022-2029.
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The market is driving due to growing trend toward the combination of snacks and caramel candy. The growing snacks industry is driving the growth for the market over the forecast period 2022-2029. Consumer preferences are shifting toward gourmet popcorn as a result of the advent of a wide range of tastes. Additionally, other trends such as clean label ingredients and all-natural tastes are having an impact on the product releases by businesses in the popcorn sector. Along with this, rising demand for ready-to-eat products is driving the growth for the market over the forecast period.
The industry for food and beverages is being considerably impacted by the rising demand for ready-to-eat snacks worldwide. For instance, the popularity of sea salt flavor is rising, and PepsiCo, Inc. is leveraging this trend with their Smartfood Delight Sea Salt Popcorn. Companies in the RTE sector are working to gain market share by offering appealing product packaging, a wide range of products. For instance, according to Statista, frequency of ready to eat products consumption is increasing year-over-year in the United Kingdom. Such as, in 2019, 3,410 thousand people were consuming ready meals more than once a week, which surged to 5,328 thousand in 2020. However, availability of alternative snacking products is restraining the market growth over the forecast period 2022-2029.
The key regions considered for the Global Popcorn Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the dominance of branded products and rising popularity of the healthy snack. On the other side, it is projected that Asia Pacific would experience the fastest revenue increase throughout the forecast period. Husk, a Scottie Pippen-owned vegan popcorn company, debuted a line of organic popcorn in July 2021 with flavors such as coconut water, matcha, and kale and broccoli.
Major market players included in this report are:
Campbell Soup Company
PepsiCo Inc.
Conagra Brands, Inc.
Weaver Popcorn, Inc.
Quinn Foods LLC
The Hershey Company
Eagle Family Foods Group LLC
PROPER Snacks
JOLLY TIME
Intersnack Group GmbH & Co. KG.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Product:
Ready-To-Eat Popcorn
Microwave Popcorn
By Distribution Channel:
B2B
B2C
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Some Questions Answered in the Global Popcorn Market Report:
- What is the projected size of the global Popcorn market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Popcorn industry?
- What are the major market trends that are affecting the expansion of the Popcorn market?
- What obstacles must be overcome in order to achieve sustained growth in the Popcorn market?
- What opportunities and threats do vendors in the global Popcorn market face?
- What are the raw materials and manufacturing equipment used in the production of Popcorn Market, and what is the manufacturing process?
- What are the different types and applications of Popcorn Market, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Popcorn market?
- What factors are driving the growth of the Popcorn market in the top regions worldwide?
- Who are the major players in the global Popcorn market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Popcorn market?
- What are the main findings of a five forces analysis of the global Popcorn market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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