Ready-To-Eat Popcorn Market 2023: Future Trends Analysis, Industry Size, Worldwide Business Overview by Top Manufacturers and Sales Revenue Forecast to 2032

In 2021, the market for Ready-To-Eat Popcorn Market worldwide was worth $ 6.7 billion US dollars for the year 2021. AMR Group projects that the market will reach US$ 22.54 billion by 2031, growing at a CAGR of 12.9 % between 2022 and 2031. We are constantly tracking and evaluating the pandemic's direct and indirect effects, taking into account the uncertainties of COVID-19. The report includes these insights as a significant market contributor.

Industry Overview

Rising health awareness and the consumption of healthy snacks like popcorn which is quite healthy as it contains various proteins, antioxidants, polyphenolic compounds, fiber, and vitamin B complex making it the best snack for people hence this is driving the market for the ready-to-eat popcorn all around the world for the forecast period. The nutrient content of a 100-gram (3.5-oz) serving of air-popped popcorn: Vitamin B1 (Thiamin): 7% of the RDI (Reference Daily Intake), Vitamin B3 (Niacin): 12% of the RDI, Vitamin B6 (Pyridoxine): 8% of the RDI, Iron: 18% of the RDI, Magnesium: 36% of the RDI, Phosphorus: 36% of the RDI, Potassium: 9% of the RDI, Zinc: 21% of the RDI, Copper: 13% of the RDI, and Manganese: 56% of the RDI.

The growing awareness of the health advantages of popcorn is a major trend propelling the growth of the global ready-to-eat popcorn market. A variety of proteins, antioxidants, fibre, polyphenolic chemicals, and vitamin B complex are all abundant and concentrated in popcorn. More consumers are choosing healthier snack options as health consciousness among consumers is rising. For instance, consumers in the US are switching from microwave popcorn products to brands that are pre-popped, like SkinnyPop. Amplify Snack Brands, a family of brands known for producing nutritious snacks, provides SkinnyPop (a subsidiary of The Hershey Company).

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Market Dynamics

The expansion of the retail environment is the main driver fueling the growth of the global ready-to-eat popcorn industry. Supermarkets, hypermarkets, and specialized shops are becoming more prevalent, which reflects the expansion of the global organized retail industry. The majority of snacks, including ready-to-eat popcorn, are offered by big, organized stores like Walmart and Tesco. In order to get a piece of the restricted shelf space in big retail establishments, vendors in this industry compete. Given their busy lifestyles, ease and value for money are further factors that will draw customers. These requirements are satisfied by organized shops because they carry a large range of goods under one roof. Because of this movement in consumer preference toward supermarkets and hypermarkets and the rising prominence of organized retailers among vendors.

COVID Impact

The pandemic has impacted popcorn sales worldwide over the 2020 year. Mostly, because of the decreased theater and sporting event sales. But not so much in 1- and 2-pound bags for home use. In fact, for microwaves and small bulk popcorn increased for home use due to people staying home more. As the COVID vaccine is being distributed across the country, people will soon be returning to theaters and sporting events. Their absence has been one of the biggest reasons for the severe decline in bulk popcorn sales. Ready to Eat Popcorn manufacturers are working on diversifying into other specialty products - at least for the time being. For example, one of the largest corn producers in Nebraska USA AK Acres, says corn and popcorn sale has been significantly impacted due to the shutdown of theaters, concessions, and sporting events, Kunnemann said. continue bulk sales has declined in 2020 and still continues in 2021. This has been the biggest slow-down in bulk popcorn sales for us ever - and everywhere," he added.

Regional Trend

In terms of revenue share in 2021, the ready-to-eat popcorn market was dominated by North America. The area is anticipated to experience highest CAGR throughout the forecast period due to rising consumer demand for healthier snacks, a preference shift away from traditional snack foods, and rising millennial knowledge of healthy diets. Additionally, consumers are consuming more ready-to-eat foods like air-popped corn, which has a high fibre content and low calories, as a result of growing health concerns.

Competitive Landscape

The report includes competitive landscape based on the extensive assessment of the product portfolio offering, geographic presence, and key strategic developments adopted by the leading market players in the industry over the past 5 years. The key players profiled in the Ready-To-Eat Popcorn Market research report are Campbell Soup Co., Conagra Brands Inc., G.H. Cretors, Garrett Popcorn Holding Company LLC, Gary Poppins Popcorn, General Mills Inc., Intersnack Group GmbH and Co. KG, JOLLY TIME, Oogies Snacks LLC, PepsiCo Inc., PROPER Snacks, Quinn Snacks Inc., Rudolph Foods Co. Inc., Sauer Brands Inc., Simply 7 Snacks LLC, Weaver Popcorn Manufacturing Inc., Yadkin Valley Popcorn, The Hershey Co., POP Gourmet Popcorn, and The J.M. Smucker Co.

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By Product Type

· Savory RTE Popcorn

· Sweet RTE Popcorn

· Others

By Type

· Bagged

· Canned

By Application

· Household

· Commercial Sector

By Distribution Channel

· Store-Based

· Non-Store-Based

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