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Popcorn Market By Product (Ready-to-eat, Microwave) By Flavor (Sweet, Savory, Others) By Shape (Mushroom, Butterfly) By Application (Home, Commercial) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global popcorn market report explores the critical analysis of the popcorn industry using key parameters. The report consists of investment strategies, the need for investments in the popcorn industry, and the multiple benefits for investors. Importantly, this report sets out major changes in the global technical regulations for the popcorn industry and how economic and non-economic barriers are helping the popcorn market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Popcorn Market by Volume

Yes

Popcorn Market by Value

Yes

Popcorn Market, Tornado Analysis

Yes

Popcorn Market, STAR Analysis

Yes

Popcorn Market, SRC Analysis

Yes

Popcorn Market, Import-Export Data

Yes (On Demand)

Popcorn Market Pricing Analysis

Yes (On Demand)

Popcorn Market Segment Analysis

By Product (ready-to-eat and microwave)

By Flavor (sweet, savory and others)

By Shape (mushroom and butterfly)

By Application (home and commercial)

Popcorn Market, Regional Analysis

North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Popcorn Market Key Companies

The Hershey Company; Conagra Brands, Inc.; Snyder's-Lance, Inc.; Intersnack; PepsiCo; Eagle Family Foods Group LLC; CATAPULT ENTERPRISES LTD; Quinn Foods LLC; Weaver Popcorn Bulk, LLC.

Popcorn Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Key Highlights of the report

How are the major segments performing in the Popcorn market?

  • In 2021, the microwave led the product segment, dominating the largest Popcorn market share. Increasing the use of microwaves to reduce preparation time contributes to the segment's growth.   
  • In 2021, the Savory segment dominated the Global Popcorn market because savory popcorn is a common flavor popular among consumers of all ages.
  • In 2021, the butterfly segment dominated the market share due to its low price, adequate quantity, and expectational taste are some factors in the growth of the segment.
  • In 2021, the home segment dominated with the largest market share in the global popcorn market due to the increasing consumption of popcorn for breakfast and snacks.

Which region dominated the popcorn market?

The North American region dominates the popcorn market's highest share due to the high awareness of consumers in such countries U.S and Canada about the health benefits of food products. The manufacturers belong to the North American region and contribute to market growth through innovative combinations of popcorn flavors. Furthermore, the increasing popularity of eating popcorn in some places, such as theatres, sports events, and public places, is the major factor in boosting the popcorn market growth in the North American region. Such factors are expected to increase the growth of the global popcorn market in North America.

How US Market is Performing in the popcorn market?

The US country dominates the popcorn market's highest share in the North American region due to the high awareness of consumers in such countries U.S. about the health benefits of food products. Furthermore, the increasing popularity of eating popcorn in some places, such as theatres, sports events, and public places, is the major factor in boosting the popcorn market growth in the US. Such factors are expected to increase the growth of the global popcorn market in North America.

What is the competitive environment of the popcorn market?

The competitive environment of the popcorn industry provides information on total economic profit made by suppliers and businesses, sales and revenues produced in this sector, global popcorn market share, the introduction of new products, and opportunities for the popcorn market. For instance, in December 2020, PVR Cinemas launched its 'Popmagic,' a microwave popcorn brand that will be sold on eCommerce platforms and at PVR Cinemas. Manufacturers aggressively pursue organic and inorganic strategies to expand their geographic footprints.

Executive Summary

What are developments being developed in the Global Popcorn Market?

The companies are launching new flavors and options for attractive and tasty customers. For instance, in January 2021, Frito-Lay North America, a division of PepsiCo, introduced a new popcorn snack flavored with Cheetos, "Cheetle." The RTE (ready-to-eat) popcorn comes in Cheddar (7-oz bags) and Flamin' Hot (6.6-oz bags) varieties, each with a suggested retail price of USD 3.99.

Which are the key investments by the popcorn market players?

The market players are investing heavily in the popcorn industry after the COVID-19 pandemic for recovery. For instance, in October 2020, Quinn, the maker of microwave popcorn and grain-free pretzels, raised an additional round of Series D funding, which includes an undisclosed minority investment from The Hershey Company. According to the company, the proceeds will support new distribution and product innovation.

Some of the major players in the market are The Hershey Company; Conagra Brands, Inc.; Snyder's-Lance, Inc.; Intersnack; PepsiCo; Eagle Family Foods Group LLC; CATAPULT ENTERPRISES LTD; Quinn Foods LLC; Weaver Popcorn Bulk, LLC.

What are the Major Driving Factors for the Popcorn Market?

The rising adoption of ready-to-eat and instant food products across the globe is due to individuals' busy lifestyles. The growing awareness of consumers about healthy eating habits is the major factor of market growth. Popcorn is a concentrated source of various proteins, fibers and vitamin B complex. Additionally, the increasing number of commercial places, including movie theatres, cinemas and stadiums, is enhancing the market's growth. Moreover, the large availability of popcorn through online and offline stores worldwide creates productive growth opportunities for industry investors. Furthermore, the rising disposable incomes, increasing internet penetration and quantitative microwaves for the lowest preparation time.

What are the Major Risks for the Popcorn Market?

The easy availability of alternative Snack food items is the major restraint of the Popcorn market. Furthermore, the high initial cost associated with the product's manufacturing is hampering the growth of the popcorn market. In addition, the pandemic is restraining the popcorn market from increasing in international markets. These factors are restraining the global popcorn market growth.

popcorn-market

Which is the key application in the popcorn market?

The application segment is classified into home and commercial. The home segment accounts for the largest market share due to increasing popcorn consumption for breakfast and snacks. Popcorn is rich in vitamin B complex, antioxidants and fibers, making it a healthy food product expected to grow in this segment. Furthermore, the commercial segment dominated the market due to increasing consumption of various popcorn flavors at commercial places such as theatres, stadiums and cinemas, which is expected to grow during the forecast period. These factors contributed to the expansion of the Popcorn market.

How is the popcorn market performing in regions?

The North American region dominates the popcorn market's highest share due to the high awareness of consumers in such countries U.S and Canada about the health benefits of food products. The manufacturers belong to the North American region and contribute to market growth through innovative combinations of popcorn flavors. Furthermore, the increasing popularity of eating popcorn in some places, such as theatres, sports events, and public places, is the major factor in boosting the popcorn market growth in the North American region. Such factors are expected to increase the growth of the global popcorn market in the North American region.

Asia Pacific dominated the share in the global popcorn market. Such countries, China and India, are experiencing an increasing population and growing entertainment sectors. The increasing number of commercial spaces such as theatres, stadiums and cinemas in developing countries of Asia Pacific is expected to increase the demand for the popcorn market in the Asia Pacific.

What is the regulatory landscape for the popcorn market?

Many countries' governments support the production, distribution, and launching of new products in the popcorn market. It supports the entertainment industry's recovery, which is also beneficial for the country’s growth during the forecast period. Thus, due to these factors, governments are supporting the popcorn industry.

What is the Market Size of Popcorn regarding value?

The Global Popcorn market is anticipated to grow at a substantial CAGR of 6.50% in the upcoming years. The global Popcorn market industry was estimated to be worth USD 11.2 billion in 2021 and was expected to be worth USD 16.34 billion by 2028.

What are the major players planning for the future of the popcorn market?

The market players plan to launch new products that benefit the consumer’s health. For instance, in October 2020, according to the brand manager for popcorn at Conagra Brands in Chicago, the company introduced a slew of innovations in ready-to-eat and microwave popcorn. With the addition of a Butter Lover's Ready-to-Eat version to its ACT II brand, the company expanded into ready-to-eat popcorn. In early summer, the company revamped its Angie's BOOMCHICKAPOP White Cheddar, perfecting the flavor and adding new graphics to drive retail shelf break-through.

Segmentation of Global Popcorn Market-

Global Popcorn Market – By Product

  • Ready-to-eat
  • Microwave

Global Popcorn Market – By Flavor

  • Sweet
  • Savory
  • Others

Global Popcorn Market – By Shape

  • Mushroom
  • Butterfly

Global Popcorn Market – By Application

  • Home
  • Commercial

Global Popcorn Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global popcorn market

The rising adoption of ready-to-eat and instant food products across the globe is due to individuals' busy lifestyles. The growing awareness of consumers about healthy eating habits is the major factor of market growth. Popcorn is a concentrated source of various proteins, fibers and vitamin B complex. Additionally, the increasing number of commercial places, including movie theatres, cinemas and stadiums, is enhancing the market's growth. Moreover, the large availability of popcorn through onli

The Global Popcorn market is anticipated to grow at a substantial CAGR of 6.50% in the upcoming years. The global Popcorn market industry was estimated to be worth USD 11.2 billion in 2021 and was expected to be worth USD 16.34 billion by 2028.

The North America Region dominates the popcorn market's highest share due to the high awareness of consumers in such countries U.S and Canada about the health benefits of food products. The manufacturers belong to the North American region and contribute to market growth through innovative combinations of popcorn flavors. Furthermore, the increasing popularity of eating popcorn in some places, such as theatres, sports events, and public places, is the major factor in boosting the popcorn market

Some of the major players in the market are The Hershey Company; Conagra Brands, Inc.; Snyder's-Lance, Inc.; Intersnack; PepsiCo; Eagle Family Foods Group LLC; CATAPULT ENTERPRISES LTD; Quinn Foods LLC; Weaver Popcorn Bulk, LLC.

In 2021, the home segment dominated with the largest market share in the global popcorn market due to the increasing consumption of popcorn for breakfast and snacks.

Popcorn Market Scope

Report Attribute Details
Market Value in 2021 USD 11.2 billion
Market Value in 2028 USD 16.34 billion
CAGR 6.50%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Food & Beverage
Report ID:   60814
Report Format:   PDF
Pages:   140
Rating:    4.7 (40)
Delivery Time: 24 Hours to 48 Hours   
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