Popcorn Market (New Insights Report) By 2024 which is Booming Strong Growth in the Globe till 2032 | Expected Revenue to Cross 7813.17 million by 2032 with [CAGR of 6.4%]
Global Popcorn Market Visions [2024-2032]The Global "Popcorn Market Size" 2024 report delivers a comprehensive market analysis using advanced analytical tools such as Porter's Five Forces and PESTEL Analysis. Popcorn Market size was 4467 million in 2023 and is projected to touch 4752.89 million in 2024 to 7813.17 million by 2032, exhibiting a CAGR of 6.4% during the forecast period [2024-2032]. An in-depth analysis of market segments expected to develop different characteristics By Types (Microwave Popcorn, Ready-to-eat Popcorn), By Applications Covered (Household, Commercial) Regional and Manufacturer Forecast 2024-2032.
Global Popcorn Market Size and Future Projection
This report meticulously examines Market Sales, Revenue, Business Stake, and Future Growth Dynamics. Key sections such as Patent Analysis, Regulatory Framework, Price Trends, and Investment Analysis provide insights into market evolution and future directions.
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The report will help the Popcorn manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
List of Key Popcorn Companies Profiled
1. ConAgra Brands, Inc. - Headquarters: Chicago, Illinois, USA; Revenue: $11.05 billion (2023).
2. Weaver Popcorn Company, Inc. - Headquarters: Indianapolis, Indiana, USA; Revenue: Estimated $350 million (2023).
3. PepsiCo, Inc. - Headquarters: Purchase, New York, USA; Revenue: $86.39 billion (2023), with a significant share from its snack division, including popcorn.
4. Amplify Snack Brands (Acquired by Hershey) - Headquarters: Austin, Texas, USA; Revenue: $350 million (2017, pre-acquisition).
5. Snyder's-Lance, Inc. (Acquired by Campbell Soup Company) - Headquarters: Charlotte, North Carolina, USA; Revenue: $2.2 billion (2017, pre-acquisition).
6. Butterkist (Owned by KP Snacks) - Headquarters: Slough, England, UK; Revenue: Part of KP Snacks' estimated $750 million portfolio (2023).
7. American Popcorn Company - Headquarters: Sioux City, Iowa, USA; Revenue: Estimated $50 million (2023).
8. Angie's Artisan Treats, LLC (BOOMCHICKAPOP) - Headquarters: Minneapolis, Minnesota, USA; Revenue: Estimated $100 million (2023).
9. Borges Agricultural & Industrial Nuts (Borges Group) - Headquarters: Tàrrega, Spain; Revenue: $900 million (2023, entire group).
10. Chamerfood - Headquarters: China; Specific revenue details not disclosed but plays a major role in the Asian popcorn market.
11. Garrett Popcorn Shops - Headquarters: Chicago, Illinois, USA; Revenue: Estimated $65 million (2023).
12. Newman's Own, Inc. - Headquarters: Westport, Connecticut, USA; Revenue: Estimated $600 million (all products, 2023).
13. Aramidth International - Headquarters: Bangkok, Thailand; Specific revenue details undisclosed, but recognized for premium popcorn in Asia.
14. Joe & Seph's - Headquarters: London, UK; Revenue: Estimated $10 million (2023).
15. Mage's - Headquarters: Chengdu, China; Specific revenue details are undisclosed, but a notable player in the Chinese popcorn market.
16. Inter-Grain - Headquarters: Australia; Specific revenue details are not publicly disclosed.
17. Quinn Snacks Inc. - Headquarters: Boulder, Colorado, USA; Revenue: Estimated $15 million (2023).
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Popcorn Market Report Scope:
The Popcorn market has experienced substantial growth in recent times, propelled by several pivotal factors, including a rising desire for its offerings, the broadening of its customer demographic, and strides in technological innovations. Moreover, the report presents a dashboard summary of prominent enterprises, covering their effective marketing tactics, market share, and recent advancements in both past and present contexts. This analysis offers insights into how these leading companies have contributed to the market and achieved success through their marketing strategies.
Key Takeaways
Data security and privacy concerns.
Country Analysis: The Country level market split analysis is part of the report hence the data granularity is provided.
Provision of Popcorn market value (USD Billion) data for each segment and sub-segment
Identify Profitable Sales Segments
Market Segmentation
The Popcorn market can be segmented based on various factors, including type, application, distribution channel, and region. Understanding these segments is crucial for businesses and Popcorn providers to tailor their services and strategies effectively to meet market demands. Each segment plays a vital role in shaping the overall market dynamics, enabling businesses to adopt solutions that align with their specific needs for workforce management.
Segment by Type
The popcorn market can be divided into three main types: microwave popcorn, ready-to-eat (RTE) popcorn, and popcorn kernels. Microwave popcorn is a highly popular segment, as it offers a convenient and quick way to prepare a snack. The ability to enjoy freshly popped popcorn at home has made this segment particularly attractive to consumers who seek both convenience and flavor variety. Microwave popcorn is available in multiple flavors, such as butter, cheese, and sweet caramel, making it a versatile option for different taste preferences.
Ready-to-eat (RTE) popcorn is one of the fastest-growing segments in the market, driven by consumers' desire for instant, hassle-free snacking options. This type of popcorn is pre-popped, packaged, and available in a wide range of flavors, from traditional options like salted and cheese to more gourmet varieties like truffle and chocolate. The convenience factor, combined with an expanding array of flavors, has made RTE popcorn a preferred choice for consumers with busy lifestyles.
Lastly, popcorn kernels cater to consumers who enjoy the experience of popping their own popcorn at home. This segment allows for customization in flavoring and seasoning, making it an appealing option for those who prefer a more hands-on snacking experience. Popcorn kernels are also popular among health-conscious consumers who want to control the amount of oil, butter, or seasoning used.
Segment by Application
The application of popcorn varies across different settings, with the main segments being cinemas, households, and events/festivals. Cinemas have traditionally been the largest consumers of popcorn, as it has become synonymous with the movie-watching experience. The unique aroma and taste of popcorn have made it an essential part of enjoying a film, and this association continues to drive the demand for popcorn in cinema chains worldwide.
The household segment has experienced significant growth, particularly in recent years, due to the rise of home entertainment and streaming services. As more consumers opt for movie nights at home, the demand for popcorn as a convenient, healthy, and flavorful snack has increased. This trend is expected to continue, further boosting the sales of microwave popcorn, ready-to-eat popcorn, and popcorn kernels.
Events and festivals represent another key application for popcorn. Whether it's a sports game, carnival, or music festival, popcorn is a popular snack option due to its portability, easy-to-share nature, and wide appeal across different age groups. Vendors at these events often offer a variety of flavors to cater to diverse consumer preferences, making popcorn a versatile and in-demand snack option in these settings.
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Geographically Segmentation Covered in the Report:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Key Inquiries Explored in our Popcorn Market Research Report -
What are the current market trends and dynamics influencing the Popcorn industry?
What are the key factors driving the growth of the Popcorn market?
What are the major challenges and obstacles faced by businesses operating in the Popcorn industry?
What is the market size and revenue potential of the Popcorn market globally and regionally?
What are the different market segments within the Popcorn industry, and how are they expected to evolve over time?
Who are the major players in the Popcorn market, and what are their market shares and strategies?
What are the emerging opportunities and trends in the Popcorn market that businesses should capitalize on?
What are the regulatory frameworks and policies governing the Popcorn industry, and how do they impact market dynamics?
What are the consumer preferences and buying behaviors shaping the demand for Popcorn products and services?
What are the latest technological advancements and innovations driving innovation in the Popcorn industry?
What are the potential risks and challenges associated with investing in the Popcorn market, and how can they be mitigated?
What are the future growth prospects and market outlook for the Popcorn industry, both in the short term and long term?
Why Purchase this Popcorn Market Research Report?
Actionable Insights: Gain access to detailed and actionable insights that can drive strategic decision-making within your organization.
Comprehensive Coverage: The report covers a wide range of factors impacting the market, providing a comprehensive understanding of current trends, challenges, and opportunities.
Accurate Data and Forecasts: Benefit from reliable data and accurate forecasts backed by thorough research methodologies and industry expertise.
Competitive Analysis: Understand your competitors' strategies, strengths, and weaknesses to stay ahead in the market.
Industry Trends: Stay updated with the latest industry trends and emerging technologies shaping the market landscape.
Risk Assessment: Identify potential risks and challenges that could impact your business and proactively plan mitigation strategies.
Customization Options: Tailor the report to specific needs or segments of interest within your organization, ensuring relevance and applicability.
Expert Insights: Access insights from industry experts and analysts who have conducted thorough research and analysis.
Strategic Planning: Support your strategic planning initiatives with data-driven insights that foster growth and sustainability.
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Introduction
Global Popcorn Market
Popcorn is a type of corn that expands from the kernel and puffs up when heated. Popcorn is able to pop like amaranth grain, sorghum, quinoa, and millet. When heated, pressure builds within the kernel, and a small explosion (or "pop") is the end result. Some strains of corn…
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Popcorn is a type of corn that expands from the kernel and puffs up when heated. Popcorn is able to pop like amaranth grain, sorghum, quinoa, and millet. When heated, pressure builds within the kernel, and a small explosion (or "pop") is the end result. Some strains of corn are now cultivated specifically as popping corns. The leading manufactures mainly are ConAgra, Weaver Popcorn, PepsiCo, Amplify and Snyder's-Lance. ConAgra is…
Popcorn Market Business Research Details Over Regions (2018-2025): ConAgra, Weav …
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Popcorn is a type of corn that expands from the kernel and puffs up when heated. Popcorn is able to pop like amaranth grain, sorghum, quinoa, and millet. When heated, pressure builds within…