Popcorn Market to Reach $18.8 Billion by 2031: Allied Market Research
Allied Market Research projects a robust CAGR of 5.3% for the popcorn market, driven by health-conscious consumer trends and expanding commercial spaces.
WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, July 2, 2024 /EINPresswire.com/ -- According to the latest report from Allied Market Research titled "Popcorn Market," the market was valued at $9,868.40 million in 2020. It is projected to reach $18.8 billion by 2031, with a compound annual growth rate (CAGR) of 5.3% from 2022 to 2031.
๐๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ : https://www.alliedmarketresearch.com/request-sample/4569
Popcorn, a beloved snack crafted from maize or corn kernels, enjoys global popularity across diverse settings including movie theaters, sports events, and households. Available primarily in two formsโready-to-eat (RTE) and microwave popcornโthe market for this delectable treat is propelled by several factors including heightened consumer health consciousness, the proliferation of multiplexes and theaters, and the convenience offered by microwavable options.
๐๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐ก๐๐ฒ๐ฉ๐: The popcorn market is segmented into microwave popcorn and ready-to-eat popcorn, catering to varying consumer preferences and convenience needs.
๐ก๐๐ง๐-๐๐ฌ๐: Popcorn consumption is categorized into household and commercial segments, reflecting the different consumption patterns and contexts in which popcorn is enjoyed.
๐ก๐๐ก๐๐ฉ๐: Popcorn comes in two main shapesโbutterfly and mushroomโoffering consumers options in terms of texture and eating experience.
๐ก๐๐๐ ๐ข๐จ๐ง: The market analysis spans across key regions including North America, Europe, Asia-Pacific, and LAMEA, each presenting unique dynamics and opportunities for market players.
๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐ : https://www.alliedmarketresearch.com/connect-to-analyst/4569
๐๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
๐ก๐๐๐๐ฅ๐ญ๐ก ๐๐จ๐ง๐ฌ๐๐ข๐จ๐ฎ๐ฌ๐ง๐๐ฌ๐ฌ: Popcorn's perceived health benefits, including its high fiber, antioxidants, and protein content, drive its popularity among health-conscious consumers, contributing to market growth.
๐ก๐๐จ๐ง๐ฏ๐๐ง๐ข๐๐ง๐๐: The increasing demand for ready-to-eat popcorn stems from consumers' preference for convenience over price, particularly in busy lifestyles, fueling market expansion.
๐ก๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐ซ๐จ๐ฐ๐ญ๐ก: The proliferation of commercial establishments such as movie theaters and stadiums fuels the growth of the commercial popcorn market, as popcorn remains a staple snack in these venues.
๐ก๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ซ๐๐ง๐๐ฌ: North America dominates the market, driven by abundant corn production and the widespread popularity of popcorn as a snack in theaters and public places. In contrast, the Asia-Pacific region is poised for significant growth due to rising populations and the expanding entertainment industry.
๐๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
โข ๐๐ฆ๐ฉ๐ฅ๐ข๐๐ฒ ๐๐ง๐๐๐ค ๐๐จ๐ง๐๐ ๐ซ๐ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐.
โข ๐๐ ๐๐ง๐๐๐ค๐ฌ ๐๐ข๐ฆ๐ข๐ญ๐๐
โข ๐๐๐ฉ๐ฌ๐ข๐๐จ (๐
๐ซ๐ข๐ญ๐จ-๐๐๐ฒ)
โข ๐๐ฎ๐ข๐ง๐ง ๐
๐จ๐จ๐ ๐๐๐
โข ๐๐ซ๐จ๐ฉ๐๐ซ๐๐จ๐ซ๐ง
โข ๐๐ข๐๐ฆ๐จ๐ง๐ ๐
๐จ๐จ๐
โข ๐๐ง๐ฒ๐๐๐ซ'๐ฌ-๐๐๐ง๐๐ ๐๐ง๐.
โข ๐๐ก๐ ๐๐๐ข๐ง ๐๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ฅ ๐๐ซ๐จ๐ฎ๐ฉ ๐๐ง๐.
โข ๐๐๐๐ฏ๐๐ซ ๐๐จ๐ฉ๐๐จ๐ซ๐ง ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ ๐๐ง๐.
๐๐๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง : https://www.alliedmarketresearch.com/request-for-customization/4569
๐๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
๐ก๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐: Ready-to-eat popcorn emerged as the leading product category in 2020, driven by growing health consciousness and the convenience it offers to consumers.
๐ก๐๐ง๐-๐๐ฌ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก: While the household segment dominated in 2020, the commercial segment is poised for rapid expansion, propelled by the increasing presence of commercial spaces like theaters and stadiums.
๐ก๐๐ก๐๐ฉ๐ ๐๐ซ๐๐๐๐ซ๐๐ง๐๐: Butterfly-shaped popcorn enjoyed the highest market share, owing to its widespread popularity and greater consumption across various consumption settings.
The popcorn market is shaped by evolving consumer preferences towards healthier snacks, convenience, and the proliferation of commercial spaces, with North America leading the market and Asia-Pacific exhibiting promising growth prospects.
๐๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ
๐ก๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐ฆ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐๐ฌ: Popcorn faces stiff competition from alternative snack options such as potato chips, pretzels, and nuts, which offer similar convenience and flavor variety, posing a challenge to market growth.
๐ก๐๐๐๐ฅ๐ญ๐ก ๐๐จ๐ง๐๐๐ซ๐ง๐ฌ: Despite its perceived health benefits, excessive consumption of popcorn can lead to health issues due to its high calorie and fat content, especially when prepared with added butter or oils, highlighting a potential barrier to sustained market growth.
๐ก๐๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐๐ก๐๐ข๐ง ๐๐ข๐ฌ๐ซ๐ฎ๐ฉ๐ญ๐ข๐จ๐ง๐ฌ: The popcorn industry is susceptible to supply chain disruptions, including fluctuations in corn prices, transportation delays, and supply shortages, which could impact production and distribution.
๐ก๐๐๐ ๐ฎ๐ฅ๐๐ญ๐จ๐ซ๐ฒ ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐๐ง๐๐: Ensuring compliance with food safety regulations and labeling requirements, particularly regarding allergen labeling and nutritional information, presents challenges for popcorn manufacturers, necessitating meticulous attention to regulatory standards to maintain consumer trust and market access.
๐๐๐๐ ๐๐๐ : https://www.alliedmarketresearch.com/checkout-final/22ae5de394dd4ce44ca0750d3a0c6bce
๐๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
โข The popcorn market is expected to continue growing, driven by factors such as increasing snacking habits, flavor innovation, and demand for convenient and healthier snack options.
โข Technological advancements in popcorn manufacturing processes, such as improved packaging techniques and equipment automation, are likely to further fuel market growth.
โข Expansion into new markets, such as emerging economies in Asia-Pacific and Latin America, presents growth opportunities for popcorn manufacturers.
โข Collaboration with retailers and online platforms for distribution, as well as targeted marketing campaigns to promote the health benefits and versatility of popcorn, are expected to contribute to market expansion.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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