Popcorn Market Surges, Projected to Reach $18.83 Billion by 2031 with a 5.3% CAGR.

Popcorn Industry Thrives Post-Pandemic: Microwave & Ready-to-Eat Dominate, Driven by Health-Conscious Consumers and Rising Commercial Spaces.

WILMINGTON,NEW CASTLE, DELAWARE 19801 USA, UNITED STATE, January 16, 2024 /EINPresswire.com/ — The global popcorn market was valued at $9,868.40 million in 2020. It is projected to reach $18,827.12 million by 2031, growing at a CAGR of 5.3% from 2022 to 2031.
The COVID-19 pandemic initially caused losses in the global popcorn industry due to lockdowns affecting commercial and public spaces, but the demand for microwave popcorn surged during the pandemic

𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐆𝐫𝐚𝐩𝐡𝐬 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 @

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
The market is segmented based on type (microwave popcorn, ready-to-eat popcorn), end-use (household, commercial), shape (butterfly, mushroom), and region (North America, Europe, Asia-Pacific, LAMEA).

𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡:
The busy and hectic lifestyle of individuals has led to the adoption of convenient solutions like instant and ready-to-eat food.
Popcorn is perceived as a convenient and healthy snack rich in nutrients, making it popular among households.
The emergence of microwave popcorn and factors like increased disposable income and changing lifestyles contribute to the industry’s growth.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
In 2020, the household segment accounted for the highest market share, driven by health-conscious consumers considering popcorn a healthier breakfast option.
The commercial segment is expected to grow at the highest CAGR, fueled by the rise in commercial places like theaters, multiplexes, and stadiums.
Ready-to-eat popcorn dominated the market in 2020 and is anticipated to continue its dominance, driven by busy lifestyles and a preference for convenient and healthy snacks.
The butterfly-shaped popcorn accounted for the highest market share in 2020, attributed to its higher consumption in commercial spaces.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
In 2020, North America held the highest market share, driven by higher corn production, availability of raw materials, high disposable income, and the popularity of popcorn in various entertainment venues.
Asia-Pacific is expected to grow at the highest CAGR from 2022 to 2031, attributed to the growing population, entertainment industry, and the rising number of commercial spaces in developing nations like China and India.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 @

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: 𝐌𝐚𝐣𝐨𝐫 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐩𝐨𝐩𝐜𝐨𝐫𝐧 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞
• Amplify Snack Conagra Brands, Inc.
• KP Snacks Limited
• PepsiCo (Frito-Lay)
• Quinn Foods, LLC
• Indiana
• Propercorn
• Diamond Food
• Snyder’s-Lance, Inc.
• The Hain Celestial Group, Inc.
• Weaver Popcorn Company, Inc.

Market Opportunities and Challenges:
The report provides a quantitative analysis of the market size, current trends, and opportunities.
Porter’s five forces analysis is included to highlight the potency of buyers and suppliers.
The report also identifies key drivers, restraints, and market opportunities.

Analyst Review:
The report emphasizes strains of corn cultivated specifically for popping, major varieties of popcorn, and the science behind the popping process.
Factors driving market growth include high consumption of ready-to-eat popcorn, increasing demand for microwavable popcorn, and health consciousness among consumers.

Popcorn Market Report Highlights:
The report offers detailed information on end-users, types, shapes, regions, and key market players.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐃𝐚𝐭𝐚? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 @

As per the popcorn market trends, in 2020, North America accounted for the highest market share in the global popcorn market. Higher corn production in the states of Indiana, Iowa, Nebraska and Illinois in the U.S. drives the market growth in the region. Availability of raw materials, high disposable income, and popularity of eating popcorn as snacks in theaters, sports events and public places are the major factors propelling the growth of popcorn market in North America. Whereas, Asia-Pacific is anticipated to grow at the highest CAGR from 2022 to 2031. Countries such as China and India, are experiencing a rising population and growing entertainment industry. Increase in number of commercial spaces like theatres, stadiums, and multiplexes in the developing nations of Asia-Pacific is expected to foster the demand for popcorn during the forecast period.

𝐁𝐔𝐘 𝐍𝐎𝐖 @

KEY FINDINGS OF THE STUDY
Region wise, Asia-Pacific is expected to grow at the highest CAGR of 6.5% from 2022 to 2031, followed by LAMEA.
By type, ready-to-eat popcorn segment accounted for approximately 67.4% of the popcorn market share in 2020, in terms of value, and is expected to grow at the highest CAGR of 5.6%.
In 2020, North America generated the highest revenue, and is expected to grow at a CAGR of 4.9%.
In 2020, U.S. generated the highest revenue, accounting for approximately 39.9% share in the global market.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

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