Press release
Global Popcorn Market Comprehensive Study: Forecasted Market Size And Growth Rate | Conagra Brands Inc., PepsiCo Inc., The Hershey Company, Quinn's Foods, Weaver Popcorn Bulk LLC
Popcorn Market Characteristics
The Business Research Company offers in-depth market insights through Popcorn Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The popcorn market size has grown strongly in recent years. It will grow from $28.37 billion in 2023 to $30.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to snack culture, health consciousness, flavor innovation, convenience and portability, movie industry influence..
The popcorn market size is expected to see strong growth in the next few years. It will grow to $42.21 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to healthy snacking trend, sustainable packaging, flavor diversification, e-commerce growth, global market expansion.. Major trends in the forecast period include plant-based and non-gmo popcorn options, global fusion flavors, online and direct-to-consumer sales, snacking experience enhancements, collaborations and limited edition releases..
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Market Segmentation:
The popcorn market covered in this report is segmented -
1) By Type: Microwave Popcorn, Ready To Eat Popcorn
2) By Distribution Channel: Hypermarkets Or Supermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels
3) By End-User: Household, Commercial
Major Driver - Increasing Popularity Of Snacks And Caramel Candies Fuels Popcorn Market
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. Therefore, the rise in the popularity of snacks and caramel candies is driving the popcorn market.
Competitive Landscape:
Major companies operating in the popcorn market report 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 Ltd., Amplify Snack Brands, Premier Foods Plc., Greencore Group plc, Garrett Popcorn Shops, American Pop Corn Company, Campbell Soup Company, Jolly Time, Joe and Seph, Aramidth International, General Mills Inc., GSA Bilu Food Industry Ltda., Newman's Own, Borges International Group, Chamerfood, Angie's Artisan Treats LLC, KP Snacks Ltd., Popcorn Indiana, Popcornopolis, PopCorners, LesserEvil, Pop Zero, Pop Art Snacks, Pipcorn, SkinnyPop, Poppy Handcrafted Popcorn .
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https://www.thebusinessresearchcompany.com/report/popcorn-global-market-report
Top Trend - Innovative Flavors Driving Evolution In The Popcorn Market
Product innovations are a popular trend in the popcorn market. Major companies operating in the popcorn segment focus on product innovation to reinforce their position in the market. It has helped to popularize the introduction of new flavors, 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 flavor of Chupa Chups popcorn with a watermelon taste. It has unique crunchiness and lightness mixed with one of the summer's most popular flavors. Chupa Chups is a brand of lollipop that comes in a variety of flavors.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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