Popcorn Market to Pop to $18.8 Billion by 2031 (CAGR 5.3%)

Health-Conscious Consumers & Movie Theaters Fuel Growth.

WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, June 17, 2024 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Popcorn Market,” The popcorn market size was valued at $9,868.40 million in 2020, and is estimated to reach $18.8 Billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.

▶ 𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 :

💡𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐎𝐟𝐟𝐞𝐫 𝐀𝐥𝐞𝐫𝐭! 🚀 𝐆𝐞𝐭 𝐚 𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐘𝐨𝐮𝐫 𝐍𝐞𝐱𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞! 𝐁𝐮𝐲 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐥𝐢𝐦𝐢𝐭𝐞𝐝-𝐭𝐢𝐦𝐞 𝐨𝐟𝐟𝐞𝐫. 🛍️

📍𝐏𝐨𝐩𝐜𝐨𝐫𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Popcorn, a popular snack made from maize or corn kernels, is enjoyed worldwide in various settings such as movie theaters, sports events, and homes. It is available in two main forms: ready-to-eat (RTE) and microwave popcorn. The market for popcorn is driven by factors such as increasing health consciousness among consumers, the rise of multiplexes and theaters, and the convenience offered by microwavable popcorn.

📍𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

💡Type: The popcorn market is segmented into microwave popcorn and ready-to-eat popcorn.

💡End-Use: It is categorized into household and commercial segments.

💡Shape: Popcorn comes in butterfly and mushroom shapes.

💡Region: Analyzed across North America, Europe, Asia-Pacific, and LAMEA.

▶ 𝐒𝐏𝐄𝐀𝐊 𝐖𝐈𝐓𝐇 𝐀𝐍𝐀𝐋𝐘𝐒𝐓 :

📍𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:

💡Health Consciousness: Popcorn is perceived as a healthier snack option due to its high fiber, antioxidants, and protein content, driving its popularity among health-conscious consumers.

💡Convenience: The demand for ready-to-eat popcorn is rising due to consumers’ preference for convenience over price, especially in busy lifestyles.

💡Commercial Growth: The increase in commercial places like movie theaters and stadiums contributes to the growth of the commercial popcorn market.

💡Regional Trends: North America dominates the market, driven by high corn production and the popularity of popcorn as a snack in theaters and public places. Asia-Pacific is expected to witness the highest growth due to rising populations and the growing entertainment industry.

📍𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

• Amplify Snack Conagra Brands, Inc.
• KP Snacks Limited
• PepsiCo (Frito-Lay)
• Quinn Foods, LLC
• Propercorn
• Diamond Food
• Snyder’s-Lance, Inc.
• The Hain Celestial Group, Inc.
• Weaver Popcorn Company, Inc.

▶ 𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 :

📍𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

💡Product Dominance: In 2020, ready-to-eat popcorn held the highest market share, driven by health consciousness and convenience.

💡End-Use Growth: The household segment dominated in 2020, while the commercial segment is expected to grow rapidly, fueled by the rise of commercial spaces.

💡Shape Preference: Butterfly-shaped popcorn accounted for the highest market share, attributed to its popularity and higher consumption across various settings.

Overall, the popcorn market is driven by changing consumer preferences towards healthier snacks, convenience, and the growth of commercial spaces, with North America leading the market and Asia-Pacific showing promising growth prospects.

📍𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

💡Competition from Alternatives: Popcorn faces competition from other snack options, such as potato chips, pretzels, and nuts, which may offer similar convenience and flavor variety.

💡Health Concerns: Despite its perceived health benefits, popcorn consumption in excess can lead to health issues due to its high calorie and fat content, especially when prepared with added butter or oils.

💡Supply Chain Disruptions: The popcorn industry may face challenges related to supply chain disruptions, such as fluctuations in corn prices, transportation delays, and supply shortages.

💡Regulatory Compliance: Compliance with food safety regulations and labeling requirements, particularly regarding allergen labeling and nutritional information, poses challenges for popcorn manufacturers.

▶ 𝐁𝐔𝐘 𝐍𝐎𝐖 :

📍𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The popcorn market is expected to continue growing, driven by factors such as increasing snacking habits, flavor innovation, and demand for convenient and healthier snack options.

Technological advancements in popcorn manufacturing processes, such as improved packaging techniques and equipment automation, are likely to further fuel market growth.

Expansion into new markets, such as emerging economies in Asia-Pacific and Latin America, presents growth opportunities for popcorn manufacturers.

Collaboration with retailers and online platforms for distribution, as well as targeted marketing campaigns to promote the health benefits and versatility of popcorn, are expected to contribute to market expansion.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domain.

We have professional corporate relations with various companies and this helps us dig out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality of data and help clients in every way possible to achieve success. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (toll-free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/food-and-beverages
Follow Us on Blog: https://www.dailyreportsworld.com/

David Correa
Allied Market Research
+1 800-792-5285
[email protected]
Visit us on social media:
Facebook
Twitter