Popcorn Market | Updated PDF Report 2031 | A Complete Guide | CAGR & Revenue Analysis Discussed |

"Popcorn Market by Type (Microwave, Ready To Eat), by End User (Household, Commercial), by Shape (Butterfly, Mushroom): Global Opportunity Analysis and Industry Forecast, 2020-2031" As per the report, Popcorn Industry generated $9.86 billion in 2020, and is projected to reach $18.82 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.

Key Market Players:-

Amplify Snack Conagra Brands
IncPepsiCo (Frito-Lay)
KP Snacks Limited
Quinn Foods, LLC
Diamond Food
Propercorn
The Hain Celestial Group
Snyder's-Lance, Inc
Weaver Popcorn Company

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Drivers, Restraints, and Opportunities:

Busy and hectic lifestyle, surge in inclination atoward ready-to-eat convenient food over traditional meals, and growing awareness regarding health among individuals have boosted the growth of the global popcorn market.

However, easy availability of alternative munching food items hinders the market growth. On the contrary, surge in disposable income and desire to live a standard life would open new opportunities in the future.

Covid-19 Scenario:

The Covid-19 pandemic resulted in prolonged lockdown in several countries. The commercial and public spaces including fairs, movie theatres, and carnivals were restricted to remain operative. This reduced the demand for popcorns.
However, the demand for the microwave popcorn increased during the pandemic as people saw it as a comfort food during the lockdown period.
The household segment dominated the Market:

By end user, the household segment held the lion's share in 2020, accounting for more than two-thirds of the global popcorn market, due to huge consumption of popcorns and surge in availability of ready-to-cook popcorns. However, the commercial segment is projected to portray the highest CAGR of 6.1% during the forecast period, due to increase in demand for popcorns at commercial spaces such as movie theatres and rise in entertainment industry.

The Ready-to-Eat Segment to Register the highest CAGR through 2031:

By type, the ready-to-eat segment is anticipated is estimated to register the highest CAGR of 5.6% from 2022 to 2031. Moreover, the segment held the lion's share in 2020, contributing to more than two-thirds of the global popcorn market, due to easy availability and increased preference for convenience associated with the ready-to-eat popcorns. The report analyzes the microwave segment as well.

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North America Held the Lion's Share:

By region, the global popcorn market across North America held the largest share in 2020, accounting for nearly three-fifths of the market, owing to high demand for popcorn from household and commercial spaces and surge in demand for on-the-go and ready-to-eat popcorn in the U.S.

However, the market across Asia-Pacific is anticipated to register the highest CAGR of 6.5% during the forecast period, due to increase in demand for popcorns at theatres, households, and other commercial spaces.

Reasons to Buy:
✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Popcorn market.
✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
✅ The key findings and recommendations highlight crucial progressive industry trends in the Popcorn Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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