Global Popcorn Market, By Product (Ready-to-Eat and Microwave), Flavour (Sweet and Savoury), Shape (Mushroom and Butterfly), Application (Home and Commercial) Distribution Channel (Store-Based and Non-Store Based), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Popcorn Market
Data Bridge Market Research analyses that the global popcorn market to account USD 30.105 billion by 2029 growing at a CAGR of 6.7% in the forecast period of 2022-2029. The rising awareness of the importance of improving immunity, as well as the increased availability of a broad range of innovative flavours is expected to have a positive impact on market growth.
Popcorn is the most popular snack because it is quick, easy, and healthy. It is made by heating the corn kernels in a kettle, pot, or on the stovetop with vegetable oil or butter. Popcorn is one of the oldest and most popular snacks consumed in movie theatres, fairs, carnivals, and stadiums around the world. It requires little preparation time and can be easily cooked at home or consumed as a ready-to-eat snack. Popcorn is a high-quality, concentrated source of nutrients such as proteins, antioxidants, fibre, vitamin B complex, and others, making it a popular choice for breakfast and meals across many households.
Consumers' increasingly hectic and busy lifestyles have encouraged them to adopt significant solutions such as ready-to-cook food. This has resulted in a decrease in the popularity of the traditional method of cooking. Such a shift in lifestyle will significantly boost the global popcorn market's growth in the coming years. Furthermore, growing awareness about the importance of eating healthy foods is encouraging more people to do so.
Since popcorn is made of corn, it falls into the category of healthy foods and it also takes less time to cook. These factors are also expected to contribute to the market's growth in the coming years. In the near future, an increasing number of commercial places such as stadiums, movie theatres, and multiplexes in developing regions will boost demand for the global popcorn market.
However, the factors that are restraining the increase of the marketplace are easy availability of alternative munching foods items as well huge number of market players will cause a barrier towards market growth.
This popcorn market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on popcorn market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Popcorn Market Scope and Market Size
Popcorn market is segmented into seven notable segments which are based on product, flavour, shape, application and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the popcorns market is segmented into ready-to-eat and microwave.
- On the basis of flavour, the popcorns market is segmented into sweet and savoury.
- On the basis of shape, the popcorns market is segmented into mushroom and butterfly.
- On the basis of application, the popcorns market is segmented into home and commercial.
- On the basis of distribution channel, the popcorns market is segmented into store based and non-store based. Store based segment is sub-segmented into supermarkets/hypermarkets, convenience stores, online channel and other channels.
Popcorn Market Country Level Analysis
The popcorn market is analyses and market size, volume information is provided by country, product, flavour, shape, application and distribution channel as referenced above.
The countries covered in the popcorn market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America accounted for the majority of the global popcorn market. This region's dominance can be attributed to the consumer's high awareness of the nutrition and health benefits of food products in the United States and Canada. Furthermore, the major manufacturers are based in this region and contribute to market growth by developing new flavors for popcorn. Asia Pacific is expected to have the fastest growth rate. China and India have the largest consumer bases in the Asia Pacific region. Consumer spending on food products has increased as disposable income has increased. This factor is increasing product demand in Asia Pacific region in the forecast period of 2022-2029.
The country section of the popcorn market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Popcorn Market Share Analysis
The popcorn market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to popcorn market.
Some of the major operating in the popcorn market are The Hershey Company., Intersnack Group GmbH & Co. KG, Conagra Brands, Inc., Lance, Inc., PepsiCo, Inc., Eagle Family Foods Group LLC, CATAPULT ENTERPRISES LTD, Quinn Snacks Inc., Weaver Popcorn Bulk, LLC., Amplify Snack Brands, Wyandot, Inc., Nomad Foods, Bakkavor Group plc, General Mills Inc., McCain Foods India Pvt. Ltd, Premier Foods Group Limited, 2 Sisters Food Group., Greencore Group plc, and Smartfoods Inc., among others.