Popcorn Market - Forecast(2023 - 2028)

Report Code: FBR 0314 Report Format: PDF + Excel

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 2021-2026. Popcorn is a variety of corn kernel that extends and puffs up when it gets heated. A kernel popcorn hull contains the starchy shell endosperm that has 14-20% moisture content in it and it turns steam as the kernel gets heated. It is a type of snack that is made of corn kernel. It has high nutritional content and is consumed as a snack food. It exist in two forms that is ready to eat popcorn and microwave popcorn. Caramel corn is made of popcorn coated with a sugar or molasses based caramel candy shell. Popcorns are rich and concentrated sources of polyphenolic compounds, fiber, vitamin B, antioxidants, and several other proteins. Increasing theatres and multiplexes and increase in the number of microwaves is the major factors driving the growth of the market. Change in eating habits of consumers and increasing awareness regarding the improvement in digestive system is set to further enhance the overall market developments of the Popcorn Market.

Report Coverage

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 Microwave.
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).

Key Takeaways

  • 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(%) 

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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 forecast period 2021-2026. This is attributed to the various health benefits that are associated with it. Popcorns are high in fiber, contains phenolic acids, and is a type of antioxidants that helps in reducing the risk of diabetes, hypertension, and heart diseases. It also has a low glycemic index that helps to maintain the blood sugar levels more easily and also helps in avoiding fluctuation that are associated with foods high in GI. It improves the lipid and glucose levels in the body. Ready-to-Eat are estimated to register the higher CAGR over the period 2021-2026.

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 forecast period 2021-2026. This is attributed to the various health benefits that are associated with ready-to-eat popcorns. Busy and hectic lifestyle of consumers have motivated them to adopt ready to eat popcorns over traditional meals. Increasing awareness related to health, change in the preference of eating habits, and increasing awareness regarding the healthy food is also increasing the growth of the market. Popcorn is the most popular snack as it is healthy, instant, and convenient that is prepared by heating the corn kernels. Household are estimated to register the higher CAGR over the period 2021-2026.

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 2021-2026 owing to the increasing demand of consumers towards the better texture, flavor, and appearance. Increasing usage of popcorns for reducing heart diseases, and increase in the consumption of ready-to-eat food is also increasing the growth of the market in this region.

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 period 2021-2026. 

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 forecast period 2021-2026.

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. 

Relevant Titles:

Report Code: CPR 0093

Report Code: CPR 0095

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1. Popcorn Market- Overview
    1.1 Definitions and Scope
2. Popcorn Market- Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product
    2.3 Key trends by Shape
    2.4 Key trends by Flavor
    2.5 Key trends by Applications
    2.6 Key trends by Geography
3. Popcorn Market– Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Popcorn Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Popcorn Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Popcorn Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
    6.3.1 Bargaining power of suppliers
    6.3.2 Bargaining powers of customers
    6.3.3 Threat of new entrants
    6.3.4 Rivalry among existing players
    6.3.5 Threat of substitutes
7. Popcorn Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Popcorn Market – By Product(Market Size –$Million/$Billion)
    8.1 Ready-to-Eat
    9. Microwave
10. Popcorn Market – By Shape(Market Size –$Million/$Billion)
    10.1 Mushroom
    10.2 Butterfly
11. Popcorn Market – By Flavor(Market Size –$Million/$Billion)
    11.1 Sweet
    11.2 Savory
12. Popcorn Market – By Applications(Market Size –$Million/$Billion)
    12.1 Household
    12.2 Commercial
13. Popcorn Market- By Geography(Market Size –$Million/$Billion)
    13.1 North America
        13.1.1 U.S.
        13.1.2 Mexico
        13.1.3 Canada
    13.2 Europe
        13.2.1 U.K.
        13.2.2 France
        13.2.3 Germany
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Rest of Europe
    13.3 Asia Pacific
        13.3.1 China
        13.3.2 India
        13.3.3 Japan
        13.3.4 South Korea
        13.3.5 Australia & New Zealand
        13.3.6 Rest of APAC
    13.4 Rest of the World
        13.4.1 Middle East
        13.4.2 Africa
        13.4.3 South America
14. Popcorn Market- Entropy
15. Popcorn Market– Industry/Segment Competition Landscape Premium 
    15.1 Market Share Analysis
        15.1.1 Global Market Share – Key Companies
        15.1.2 Market Share by Region – Key companies
        15.1.3 Market Share by Countries – Key Companies
        15.1.4 Competition Matrix
        15.1.5 Best Practices for Companies
16. Popcorn Market– Key Company List by Country Premium Premium
17. Popcorn Market Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10
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