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Popcorn Market Analysis, Trends, Growth, Research And Forecast 2032
Popcorn Market
The Business Research Company's Popcorn Global Market Report 2023 identifies rise in the popularity of snacks and caramel candies as the major driver for the popcorn market's growth in the forecast period. 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.
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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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., Greencore Group Plc., Garrett Popcorn Shops, and American Pop Corn Company.
A key trend in the popcorn market includes product innovations. Major companies operating in the popcorn segment focus on product innovation to reinforce their position in the market. It has helped to popularise the introduction of new flavours, which encourages producers to focus on expanding their product developments. For instance, in July 2021, Frit Ravich, a Spain-based snack company, created a new flavour of Chupa Chups popcorn with a watermelon taste. It has unique crunchiness and lightness mixed with one of the summer's most popular flavours. Chupa Chups is a brand of lollipop that comes in a variety of flavors.
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https://www.thebusinessresearchcompany.com/report/popcorn-global-market-report
The popcorn market is segmented -
• 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.
The Business Research Company's "Global Popcorn Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa Popcorn Market
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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