According to IMARC Group latest report titled “Popcorn Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on popcorn industry report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global popcorn market size reached US$ 12.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.
Popcorn is a healthy snack with a low calorie and high fiber content. It is prepared by exposing corn kernels to heat and adding butter, salt, pepper, chili flakes, and other condiments. Popcorn is rich in folate, niacin, riboflavin, thiamin, antioxidants, vitamins, etc. In addition to this, it assists in weight loss, improving blood circulation and intestinal health, lowering the risk of heart disease and diabetes, etc. Popcorn also aids in reducing depression, relieving constipation, supporting healthy bone function, controlling blood sugar levels, combatting tumor cells, lower cholesterol levels, etc.
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Market Trends:
The widespread adoption of instant and ready-to-eat (RTE) convenient food products across the globe, owing to the busy schedules and hectic lifestyles of individuals, is among the key factors stimulating the popcorn market. Moreover, the increasing consumer awareness towards healthy eating habits is acting as another significant growth-inducing factor. Besides this, the rising number of commercial places, including movie theatres, multiplexes, stadiums, etc., is positively influencing the global market. Furthermore, the escalating demand for gourmet and unique popcorn flavors, such as sea-salted caramel, rosemary and olive oil, sea salt, white and chipotle aged cheddar, etc., is propelling the market growth. Apart from this, they are easily available via online and offline stores across numerous countries, which is also bolstering the global market. Additionally, the inflating disposable income levels and the growing utilization of microwaves to reduce preparation time are further catalyzing the market growth. In line with this, key market players are focusing on social media campaigns and improving product packaging to expand their customer base and increase their overall profitability, which is anticipated to fuel the popcorn market over the forecasted period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Amplify Snack Brands Inc. (The Hershey Company)
- Campbell Soup Company
- Conagra Brands Inc.
- Eagle Family Foods Group LLC (The J.M. Smucker Company)
- Frito-Lay North America Inc. (Pepsico Inc.)
- Great American Popcorn
- Joe’s Gourmet Foods Ltd.
- Popz USA LLC
- Preferred Popcorn
- Proper Snacks Ltd.
- Quinn Snacks Inc.
- Weaver Popcorn Bulk LLC
Popcorn Market Segmentation:
Our report has categorized the market based on region, type, distribution channel and end consumer.
Breakup by Type:
- Microwave Popcorn
- Ready-To-Eat (RTE) Popcorn
Breakup by Distribution Channel:
- On-Trade
- Off-Trade
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Channel
- Other Channels
Breakup by End Consumer:
- Households
- Commercial
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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