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.