Popcorn Global Market Report 2024

Description

“Popcorn Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on popcorn market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for popcorn? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The popcorn market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Microwave Popcorn; Ready To Eat Popcorn
2) By Distribution Channel: Hypermarkets Or Supermarkets; Convenience Stores; Online Retail Stores; Other Distribution Channels
3) By End-User: Household; Commercial
Companies Mentioned: Conagra Brands Inc.; PepsiCo Inc.; The Hershey Company; Quinn's Foods; Weaver Popcorn Bulk LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Popcorn is a type of corn that undergoes expansion and puffing when subjected to heat. It has become a popular snack enjoyed during various occasions, including movie nights, carnivals, and at home. Popcorn can be consumed in its plain form or enhanced with various seasonings and toppings.

The primary types of popcorn available in the market are microwave popcorn and ready-to-eat popcorn. Microwave pre-packaged popcorn is specifically designed for convenient cooking in microwave ovens, providing a quick and hassle-free preparation method. These popcorn products are distributed through various channels, including hypermarkets or supermarkets, convenience stores, online retail platforms, and other distribution channels. They are commonly utilized by households and commercial establishments.

The popcorn market research report is one of a series of new reports from The Business Research Company that provides popcorn market statistics, including popcorn industry global market size, regional shares, competitors with a popcorn market share, detailed popcorn market segments, market trends, and opportunities, and any further data you may need to thrive in the popcorn industry. This popcorn market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The popcorn market size has grown strongly in recent years. It will grow from $28.37 billion in 2023 to $30.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth observed in the historical period can be attributed to various factors, including the rise of snack culture, increased health consciousness among consumers, continuous innovation in flavors, the convenience and portability of popcorn, and the influence of the movie industry.

The popcorn market size is expected to see strong growth in the next few years. It will grow to $42.21 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The anticipated growth in the forecast period can be attributed to the ongoing trend of healthy snacking, increased focus on sustainable packaging, diversification of flavors, the growth of e-commerce, and the expansion of the global market for popcorn. Major trends expected in the forecast period include the availability of plant-based and non-GMO popcorn options, the introduction of global fusion flavors, the rise of online and direct-to-consumer sales, enhancements in the snacking experience, and collaborations and limited edition releases within the popcorn industry.

The anticipated increase in the popularity of snacks and caramel candies is set to drive the growth of the popcorn market in the near future. Snacks, smaller food servings often consumed between meals, have gained popularity, especially those available in diverse flavors. Popcorn, being a versatile base for both sweet and savory snacks, has become a prominent ingredient in caramel candies and various confections. In November 2022, the National Confectioners Association reported an 11.4% increase in overall snack revenues in IRI's multi-outlet plus convenience outlet universe during the first nine months of 2022, highlighting the rising demand for snacks and its positive impact on the popcorn market.

The increasing awareness of health consciousness among consumers is poised to drive the growth of the popcorn market in the future. Consumers' heightened awareness and prioritization of healthier lifestyle choices, encompassing diet and overall well-being, have led to a surge in demand for healthier snack alternatives. Popcorn, with its low-calorie and whole-grain attributes, perfectly aligns with health-driven preferences, contributing to its growing consumption and market expansion. A survey by DSM in August 2022 revealed that 73% of participants expressed their intention to prioritize healthier eating and drinking habits, indicating a shift toward health-conscious choices and positively impacting the popcorn market.

Product innovation stands out as a notable trend in the popcorn market, with major companies emphasizing innovative offerings to strengthen their market position. This trend has led to the introduction of new flavors, encouraging producers to diversify their product portfolios. For instance, in July 2021, Frit Ravich, a snack company based in Spain, introduced a new watermelon-flavored Chupa Chups popcorn, combining unique crunchiness and lightness with one of the summer's most popular flavors. Chupa Chups is a well-known brand of lollipops available in various flavors.

Major players in the popcorn market are actively engaged in product innovation, introducing unique popcorn flavors to capture consumer preferences and drive market expansion. McCain Popcorn Fries, a distinctive product line featuring uniquely shaped fries with a popcorn-such as crispy texture, was launched by McCain Foods in October 2023. The product's introduction was accompanied by digital video campaigns highlighting its deliciousness, irresistibility, and broad appeal.

In September 2021, Grupo Bimbo, S.A.B. de C.V., a Mexico-based food company, successfully acquired Popcornopolis for an undisclosed amount. This strategic acquisition enabled Grupo Bimbo to enter the popcorn category and diversify its product offerings within the snack food market segment. Popcornopolis, a US-based food production company, is known for its specialization in gourmet popcorn.

Major companies operating in the popcorn market report are 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, Eagle Family Foods Group LLC, Proper Snacks Ltd., Amplify Snack Brands, Premier Foods Plc., Greencore Group plc, Garrett Popcorn Shops, American Pop Corn Company, Campbell Soup Company, Jolly Time, Joe and Seph, Aramidth International, General Mills Inc., GSA Bilu Food Industry Ltda., Newman's Own, Borges International Group, Chamerfood, Angie's Artisan Treats LLC, KP Snacks Ltd., Popcorn Indiana, Popcornopolis, PopCorners, LesserEvil, Pop Zero, Pop Art Snacks, Pipcorn, SkinnyPop, Poppy Handcrafted Popcorn .

North America was the largest region in the popcorn market in 2023. The regions covered in the popcorn market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the popcorn market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The popcorn market consists of sales of popcorn kernels and butterfly popcorn. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11251

1. Executive Summary

2. Popcorn Market Characteristics

3. Popcorn Market Trends And Strategies

4. Popcorn Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Popcorn Market Size and Growth

5.1. Global Popcorn Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Popcorn Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Popcorn Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Popcorn Market Segmentation

6.1. Global Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Microwave Popcorn
Ready To Eat Popcorn
6.2. Global Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hypermarkets Or Supermarkets
Convenience Stores
Online Retail Stores
Other Distribution Channels
6.3. Global Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Household
Commercial

7. Popcorn Market Regional And Country Analysis

7.1. Global Popcorn Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Popcorn Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Popcorn Market

8.1. Asia-Pacific Popcorn Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Popcorn Market

9.1. China Popcorn Market Overview
9.2. China Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Popcorn Market

10.1. India Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Popcorn Market

11.1. Japan Popcorn Market Overview
11.2. Japan Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Popcorn Market

12.1. Australia Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Popcorn Market

13.1. Indonesia Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Popcorn Market

14.1. South Korea Popcorn Market Overview
14.2. South Korea Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Popcorn Market

15.1. Western Europe Popcorn Market Overview
15.2. Western Europe Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Popcorn Market

16.1. UK Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Popcorn Market

17.1. Germany Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Popcorn Market

18.1. France Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Popcorn Market

19.1. Italy Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Popcorn Market

20.1. Spain Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Popcorn Market

21.1. Eastern Europe Popcorn Market Overview
21.2. Eastern Europe Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Popcorn Market

22.1. Russia Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Popcorn Market

23.1. North America Popcorn Market Overview
23.2. North America Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Popcorn Market

24.1. USA Popcorn Market Overview
24.2. USA Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Popcorn Market

25.1. Canada Popcorn Market Overview
25.2. Canada Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Popcorn Market

26.1. South America Popcorn Market Overview
26.2. South America Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Popcorn Market

27.1. Brazil Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Popcorn Market

28.1. Middle East Popcorn Market Overview
28.2. Middle East Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Popcorn Market

29.1. Africa Popcorn Market Overview
29.2. Africa Popcorn Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Popcorn Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Popcorn Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Popcorn Market Competitive Landscape And Company Profiles

30.1. Popcorn Market Competitive Landscape
30.2. Popcorn Market Company Profiles
- 30.2.1. Conagra Brands Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. PepsiCo Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. The Hershey Company
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Quinn's Foods
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Weaver Popcorn Bulk LLC
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Popcorn Market Competitive Benchmarking

32. Global Popcorn Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Popcorn Market

34. Popcorn Market Future Outlook and Potential Analysis

34.1 Popcorn Market In 2028 - Countries Offering Most New Opportunities
34.2 Popcorn Market In 2028 - Segments Offering Most New Opportunities
34.3 Popcorn Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer