Global Popcorn Market Size study & Forecast, by Product (Ready-To-Eat Popcorn, Microwave Popcorn), by Distribution Channel (B2B, B2C) and Regional Analysis, 2022-2029
Global Popcorn Market is valued approximately USD 5.20 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.5% over the forecast period 2022-2029. The market is driving due to growing trend toward the combination of snacks and caramel candy. The growing snacks industry is driving the growth for the market over the forecast period 2022-2029. Consumer preferences are shifting toward gourmet popcorn as a result of the advent of a wide range of tastes. Additionally, other trends such as clean label ingredients and all-natural tastes are having an impact on the product releases by businesses in the popcorn sector. Along with this, rising demand for ready-to-eat products is driving the growth for the market over the forecast period.
The industry for food and beverages is being considerably impacted by the rising demand for ready-to-eat snacks worldwide. For instance, the popularity of sea salt flavor is rising, and PepsiCo, Inc. is leveraging this trend with their Smartfood Delight Sea Salt Popcorn. Companies in the RTE sector are working to gain market share by offering appealing product packaging, a wide range of products. For instance, according to Statista, frequency of ready to eat products consumption is increasing year-over-year in the United Kingdom. Such as, in 2019, 3,410 thousand people were consuming ready meals more than once a week, which surged to 5,328 thousand in 2020. However, availability of alternative snacking products is restraining the market growth over the forecast period 2022-2029.
The key regions considered for the Global Popcorn Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the dominance of branded products and rising popularity of the healthy snack. On the other side, it is projected that Asia Pacific would experience the fastest revenue increase throughout the forecast period. Husk, a Scottie Pippen-owned vegan popcorn company, debuted a line of organic popcorn in July 2021 with flavors such as coconut water, matcha, and kale and broccoli.
Major market player included in this report are:
Campbell Soup Company
PepsiCo Inc.
Conagra Brands, Inc.
Weaver Popcorn, Inc.
Quinn Foods LLC
The Hershey Company
Eagle Family Foods Group LLC
PROPER Snacks
JOLLY TIME
Intersnack Group GmbH & Co. KG.
Recent Developments in the Market:
Opopop unveiled new Dill Pickle-flavored popcorn kernels in June 2022. The limited-edition Opopop Pickle Monster taste is distinct and powerful, with the right amount of dill, spice, and saltiness.
Popcorn Indiana unveiled four improved and new popcorn flavours in July 2020. Kettle corn, black and white dripping corn, movie theatre butter, and aged white cheddar are a few of the modified variants.
Global Popcorn Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Ready-To-Eat Popcorn
Microwave Popcorn
By Distribution Channel:
B2B
B2C
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Companies Mentioned
Campbell Soup Company
PepsiCo Inc.
Conagra Brands, Inc.
Weaver Popcorn, Inc.
Quinn Foods LLC
The Hershey Company
Eagle Family Foods Group LLC
PROPER Snacks
JOLLY TIME
Intersnack Group GmbH & Co. KG.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook