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An In-Depth Look At Competitive Scenario, Business Insights, And Upcoming Trends In The Popcorn Market By 2032 || Conagra Brands Inc., Pepsico Inc., The Hershey Company, Quinn's Foods, Weaver Popcorn Bulk LLC
Popcorn Market
Popcorn Market Size, Growth Rate, And Forecast
The global popcorn market size is expected to grow from $11.62 billion in 2022 to $12.60 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global popcorn market size is expected to reach $16.64 billion in 2027 at a CAGR of 7.2%.
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Popcorn Market Drivers
The rise in the popularity of snacks and caramel candies is expected to propel the growth of the popcorn market in the coming future. A snack is a smaller food serving that is often eaten between meals and is lighter than a meal. Snacks that are available in different flavors attract customers, and popcorn is often used as a base for sweet and savory snacks, and it is a popular ingredient in caramel candies and other confections. For instance, in November 2022, according to the National Confectioners Association, a US-based trade association that emphasizes the special contribution that chocolate, candies, gum, and mints make to a contented and balanced existence, overall snack revenues climbed by 11.4% in IRI's multi-outlet plus convenience outlet universe in the first nine months of 2022. The revenues totalled $44.9 billion, increasing 26% over the pre-pandemic level in 2019. Therefore, the rise in the popularity of snacks and caramel candies is driving the popcorn market.
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Popcorn Market Segments
• By Type: Microwave Popcorn, Ready To Eat Popcorn
• By Distribution Channel: Hypermarkets Or Supermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels
• By End-User: Household, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the popcorn market.
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Popcorn Market Key Players
Major competitors in the popcorn market are Conagra Brands Inc., Pepsico Inc., The Hershey Company, Quinn's Foods, Weaver Popcorn Bulk LLC, The Hain Celestial Group Inc., Snyder's-Lance Inc., Intersnack Group GmbH & Co. KG, Eagle Family Foods Group LLC, Proper Snacks, Amplify Snack Brands, Premier Foods Plc.
The Business Research Company's "Global Popcorn Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Popcorn Market Include:
1. Executive Summary
2. Popcorn Market Characteristics
3. Popcorn Market Trends And Strategies
4. Popcorn Market - Macro Economic Scenario
5. Popcorn Market Size And Growth
………………
27. Popcorn Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Popcorn Market
29. Popcorn Market Future Outlook and Potential Analysis
30. Appendix
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