Insights Into The Popcorn Market’s Growth Opportunities Through 2023-2032 – Includes Popcorn Market Research
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The growing popularity of snacks and caramel sweets is likely to promote innovation in popcorn manufacturing, propelling the market during the forecast period.
The global popcorn market is expected to grow from $11.62 billion in 2022 to $12.60 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The global popcorn market size is expected to reach $16.64 billion in 2027 at a CAGR of 7.2%.
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Global Popcorn Market Segments Include:
- By Type: Microwave Popcorn, Ready To Eat Popcorn
- By Distribution Channel: Hypermarkets Or Supermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels
- By End-User: Household, Commercial
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global popcorn market in 2021.
Major Market Players 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., Snyder’s-Lance Inc., Intersnack Group GmbH & Co. KG.
Product development is a trendy concept in the popcorn industry. To maintain their market position, major popcorn manufacturers concentrate on product innovation. It has aided in the popularisation of the introduction of new flavours, encouraging companies to focus on increasing their product development. For example, Frit Ravich, a snack manufacturer based in Spain, released a new flavour of Chupa Chups popcorn with a watermelon flavour in July 2021. It boasts a distinct crunchiness and lightness, as well as one of the season’s most popular flavour. Chupa Chups is a lollipop brand that comes in a variety of flavours.
The Popcorn Global Market Report 2023 provides a popcorn market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The popcorn market forecast analyzes popcorn market size, popcorn market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Popcorn is a form of maize that swells and puffs up when heated. It’s a popular snack item that’s usually eaten while watching movies, during carnivals, or at home. It can be consumed simple or with a variety of flavours and garnishes.
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