Published Date : 12 Sep 19 | Views: 111 | Industry : Food & Beverages
Demand for Ready-to-Eat Popcorn on the Rise
Food products and snack items that can be eaten
on the go and are easily accessible are highly in demand. This increasing
requirement of the consumers have urged the popcorn manufacturers to produce
ready to eat popcorn in order to meet the demand and expand their consumer
base.
High Corn Production to Help North America to
Top the List
North America is the largest producer of corn.
It is mostly produced in the states of Nebraska, Indiana, Iowa, and Illinois in
US. This factor has given North America an upper hand to capture a substantial
share in the global popcorn market. Europe is also anticipated to gain
significant growth in the forthcoming years due to increasing popularity of
popcorn among consumers.
Players Having a Remarkable Presence in the Global
Popcorn Market
Propercorn, The Hain Celestial Group, Inc.,
Quinn Foods LLC, The Hershey Company, Intersnack Group GmbH & Co. KG. (KP
Snacks Limited), Conagra Brands, Inc., PepsiCo (Frito-Lay),
Weaver Popcorn Company, Inc., and Snyder’s-Lance, Inc. (Diamond Food) are
some of the prominent vendors operating in the global popcorn market.
Surge in the Disposable income to boost the global
popcorn market growth
A rise in the per capita income of consumers
has been observed. This has increased their spending power on such luxury food
items, thereby encouraging them to buy popcorn. Moreover, consuming popcorn at
movie theatres and other public places act as a status symbol, which further
urges people to prefer this snack in order to display their class and choice.
It has also been observed that consumers are inclining
towards adoption of western culture, which is having a great influence on the
market growth. Following western ways of living is considered modern among most
of the countries. This, in turn, is driving the demand for the global popcorn
market across the globe.
Consumers prefer eating popcorn as a pass time
snack while watching movies or having get-togethers at home. In addition, high
nutrient and dietary fiber content has made it a convenient snack food, which
is raising its demand in the households.