Popcorn Market Overview
The Popcorn Market size is forecast to reach $10.7 billion by 2026,
growing at a CAGR of 4.4% during the forecast period
The report: “Popcorn Market
Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the
following segments of the Popcorn Market.
By Product: Ready-to- Eat, and
By Shape: Mushroom, and Butterfly.
By Flavor: Sweet, and Savoury.
By Applications: Household, and Commercial.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa).
- North America dominated the Popcorn Market in 2020 owing to the increase in a huge number of commercial places and increasing awareness regarding healthy food. The Popcorn Market scope for different regions will be provided in the final report.
- Increasing usage of nutritional supplements and increasing consumer inclination towards healthy diets are likely to aid the market growth of the Popcorn Market report.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Popcorn Market report.
- High competition and stringent regulations is poised to
create the hurdles for the Popcorn Market.
Popcorn Market Revenue Share, By Geography, 2020(%)
Popcorn Market Segment Analysis – By Product
Ready-to-Eat held the largest share in the Popcorn Market in 2020 and is estimated to grow at a CAGR 5.0% during the
Popcorn Market Segment Analysis – By Application
Household held the largest share in the Popcorn Market in 2020 and is estimated to grow at a CAGR 5.3% during the
Popcorn Market Segment Analysis – By Geography
North America dominated the Popcorn Market with a major share of 35.2% in 2020. This is owing to the increasing demand of popcorns for inculcating flavors. Increasing inclination of the consumers towards the healthy diet, and increasing number of applications in the commercial sectors is also increasing the growth of the market in this region.
However, Asia Pacific is
estimated to grow at a higher CAGR during the forecast period
Popcorn Market Drivers
Increasing Health Consciousness Among Consumers
Increasing health consciousness among
consumers is increasing the growth of the Popcorn Market. This is owing to the nutritional benefits of
the popcorn as it contains a huge amount of phenolic acids. Popcorn contains
vitamin E that benefits the body as vitamin E supports reproduction, vision,
and health of the brain, blood, and skin. Phenolic acids acts as an
antioxidants that helps to prevent some serious health conditions. Popcorn
has high fiber content and low calorie count, contributes to important health
benefit. Thus, increasing the growth of the Popcorn Market during the forecast
Increasing Shift of the Consumers towards the Veganism
Increasing shift of the consumers towards the
veganism is increasing the growth of the Popcorn Market. This is owing to the increasing awareness of
the consumers regarding the health, social impact, and sustainability. There is
an increasing shift of the consumers towards the veganism owing to the animal
welfare, and personal health. Also, there is an increasing demand of the
popcorns from household as well as commercial sectors. Thus, increasing the
growth of the Popcorn
Market during the
Popcorn Market Challenges
High Competition and Stringent Regulations
Some of the factors that are set to impede the growth of the Popcorn Market are high competition and stringent regulations. Allergic reactions associated with excess intake of popcorn and fluctuations in corn prices is also set to hinder the growth of the market.
Popcorn Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Popcorn Market. In 2020, the Popcorn Market share is consolidated by the top ten players present in the market. The Popcorn Market, top 10 companies are The Hershey Company, The Hain Celestial Group Inc., Weaver Popcorn Company Inc., Eagle Family Foods Group LLC, Conagra Brands Inc., and Propercorn among others.