Popcorn Market (By Product: Microwave, Ready-to-Eat & Others. By Application: Home, Commercial & Others. By Region) - Global Industry Analysis, Growth, Trends & Forecast, 2022 to 2032

The global popcorn market was valued at $8.3 billion in 2021 and it is expected to reach $16.3 billion at a CAGR of 6.2% between 2022 and 2032. The use of a popcorn machine for popping corn kernels has greatly increased throughout history. It is projected that attributes like dependability, portability, attractive appearance, and affordability will boost sales of popcorn makers among both commercial and domestic end users.

By region, North America held most of the market share and is anticipated to dominate the market over the forecast period.

The use of a popcorn machine for popping corn kernels has greatly increased throughout history. It is projected that attributes like dependability, portability, attractive appearance, and affordability will boost sales of popcorn makers among both commercial and domestic end users. Additionally, a popcorn machine is simple to use and needs little upkeep. During the projection period, these variables are likely to stimulate the rise of the global popcorn demand.

Customers frequently reach for high-quality snacks whenever they are hungry, thus popcorn is becoming more and more popular as a superior alternative. Due to the advancement of popcorn makers, customers may now easily prepare food quickly and efficiently. Similarly to this, the global popcorn maker sector has seen an increase in income over the past two years as a result of the introduction of new flavored goods.

Source: SAI Research

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Insights into the global popcorn market share, new product introductions, overall economic profit realized by suppliers and businesses, sales and revenues generated in this industry, and market potential are all provided by the competitive climate of the popcorn industry. Additionally, businesses actively explore organic and inorganic techniques to broaden their geographic reach. Hence, these rising factors are expected to propel the market growth during the forecast period from 2022 to 2032.

Due to various peoples' hectic lifestyles, ready-to-eat and instant meal products are becoming more and more popular worldwide. The main driver of market expansion is consumers' increasing knowledge of healthy eating practices. A concentrated source of many proteins, fiber, and vitamin B complex are found in popcorn. The market's expansion is also being aided by the rise in the number of commercial locations, such as theaters, cinemas, and stadiums.

Based on product type, the microwave segment held most of the market share and is anticipated to drive the market with significant growth. Microwave usage is rising as a result of shortened preparation times, which is helping the market, expand. Conagra, Lekue, and Presto are a few well-known companies that sell microwave popcorn. The consumers' busy and sedentary lifestyles, where they favor the need for convenient food like RTE popcorn, might be blamed for the fall in market share. However, the ready-to-eat category has also been rising in demand in several provinces of emerging countries. Popcorn that is ready to eat is tasty, and convenient, and comes in ready-to-serve tastes like fruity, tangy, and seasonal flavors.

In terms of application type, the home segment holds most of the market share. Increased snacking and morning consumption of popcorn are anticipated to drive this market's expansion. Due to the growing popularity of ready-to-cook popcorn and the consumption of popcorn, this market is also expected to see a growth in demand. On the other hand, the commercial segment is also anticipated to speed up market expansion due to a rise in the entertainment industry and a rise in the demand for popcorn in commercial settings like movie theatres.

Geographically, the North American region has the highest share of this market. This region is also expected to hold its dominant position during the forecast period from 2022 to 2032. The popularity of this area is attributable to the high level of consumer awareness in the United States and Canada on the nutritive value and health advantages of food products. Additionally, the primary producers are from this area and support market expansion by developing novel flavor combinations for popcorn. A major element driving the expansion of the popcorn market in the North American region is the rising popularity of consuming popcorn in some settings, such as theatres, sporting events, and public places. On the other side, the Asia-Pacific region is also anticipated to become the second-largest market in the future. The largest consumer base in this region can be found in countries like India and China.

According to the study, key players such as Conagra Brands (U.S), Catapault Enterprises Ltd (U.K), Campbell Soup Company (U.S), Hain Celestial Group (U.S), Great American Popcorn (U.S), Hershey Company (U.S), Kelso & Company (U.S), PepsiCo Inc (U.S), Popz USA (U.S), Propercorn (U.K), Quinn Foods (U.S), Weaver Popcorn Bulk (U.S), Yildiz Holding (Turkey), among others are leading the global popcorn market.

Scope of the Report:

The Global Popcorn Market Has Been Segmented Into:

The Global Popcorn Market – by Product Type:

• Microwave
• Ready-to-Eat
• Others

The Global Popcorn Market – by Application Type:

• Home
• Commercial
• Others

The Global Popcorn Market – by Regions: 

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The U.K.
  • France
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • Australia
  • Rest of Asia Pacific
• LAMEA
• Middle East
  • Saudi Arabia
  • UAE
  • Others
• Latin America
  • Brazil
  • Chile
  • Others
• Africa
  • South Africa
  • Egypt
  • Other