Press release
Popcorn Market Insights 2025-2034: Growth Forecast and Strategic Priorities
Popcorn
Popcorn Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The strong expansion of the popcorn market has been evident in the last few years. It's projected to increase from a $30.6 billion valuation in 2024 to hit $33.31 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.8%. Factors contributing to growth during the historical period include the habit of snacking, heightened awareness towards health, innovations in flavors, convenience and ease of transportation, as well as influences from the film industry.
Popcorn Market Size Forecast: What's the Projected Valuation by 2029?
Projected to see robust expansion in the coming years, the popcorn market is set to rise to $46.18 billion by 2029, with a compound annual growth rate (CAGR) of 8.5%. The notable growth in the forecast period can be associated with factors like the trend towards healthier snack options, sustainable packaging methods, varied flavor options, e-commerce development, and worldwide market growth. Key trends that are anticipated during this forecast period include options for plant-based and non-GMO popcorn, integration of global fusion flavors, a focus on online and direct-to-consumer sales, enhancement of the snacking experience, and collaborations with exclusive and limited edition releases.
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What Are the Drivers Transforming the Popcorn Market?
The growing preference for snacks and caramel candies is projected to fuel expansion in the popcorn market in the foreseeable future. Snacks refer to smaller portions of food that are typically consumed between meals and are less substantial than regular meals. Customers are drawn towards snacks that come in a variety of flavors, and popcorn, often used as a base for both sweet and savory treats, is a popular component in caramel candies and other sweet goods. In November 2022, the National Confectioners Association, a USA-based trade group that underscores the extraordinary contribution that chocolate, candies, gum, and mints contribute to a pleased and balanced life, reported that overall snack revenues experienced a 11.4% surge in IRI's multi-outlet plus convenience outlet universe during the first three quarters of 2022. This rise in the popularity of snacks and caramel candies, hence, is fuelling growth in the popcorn market.
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What Long-Term Trends Will Define the Future of the Popcorn Market?
In the popcorn market, a prevailing trend is the drive for product innovations. The chief players in this market segment are placing a significant emphasis on product novelty to bolster their market standing. This has played a key role in the introduction and popularity of new popcorn flavors, prompting manufacturers to invest more in product development. Taking an instance from October 2023, 4700BC, a food and beverage company based in India, unveiled an inventive range of gourmet popcorn in partnership with Netflix. These specially concocted flavors aim to elevate the snack time experience for movie enthusiasts. The variety encompasses 4700BC x Netflix Jumbo Sweet & Salty Popcorn and 4700BC x Netflix Cheese & Caramel Gourmet Popcorn. These flavors blend gourmet elements, providing a balanced flavor palette catering to different taste preferences. Both popcorn types are formulated with superior ingredients, promising a luxurious snacking journey.
Which Segments in the Popcorn Market Offer the Most Profit Potential?
The popcorn market covered in this report is segmented -
1) By Type: Microwave Popcorn, Ready To Eat Popcorn
2) By Distribution Channel: Hyper markets Or Super markets, Convenience Stores, Online Retail Stores, Other Distribution Channels
3) By End-User: Household, Commercial
Subsegments:
1) By Microwave Popcorn: Buttered Microwave Popcorn, Flavored Microwave Popcorn, Light Or Healthy Microwave Popcorn
2) By Ready To Eat Popcorn: Flavored Ready To Eat Popcorn, Organic Ready To Eat Popcorn, Specialty Ready To Eat Popcorn
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Which Firms Dominate the Popcorn Market by Market Share and Revenue in 2025?
Major companies operating in the popcorn market include Conagra Brands Inc., PepsiCo Inc., The Hershey Company, Quinn's Foods, Weaver Popcorn Bulk LLC, The Hain Celestial Group 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, Newman's Own, Angie's Artisan Treats LLC, KP Snacks Ltd., Popcorn Indiana, Popcornopolis, PopCorners, LesserEvil, Pop Zero, Pop Art Snacks, Pipcorn, SkinnyPop, Poppy Handcrafted Popcorn
Which Regions Offer the Highest Growth Potential in the Popcorn Market?
North America was the largest region in the popcorn market in 2024. The regions covered in the popcorn market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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