Press release
Popcorn Market: Detailed Market Overview, Demand Dynamics, and Future Growth Projections
Popcorn Market
Popcorn Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $42.21 billion In 2028 At A CAGR Of 8.1%.
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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Popcorn Market Major Segments
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
Key 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.
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Prominent 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.
Popcorn Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the popcorn market in 2023. The regions covered in the popcorn market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Popcorn Market Report Structure
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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