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Increasing Per Capita Income to Bolster the Global Popcorn Market Growth

 Published Date : 12 Sep 19   |   Views: 31   |  Industry : Food & Beverages

Increasing Per Capita Income to Bolster the Global Popcorn Market Growth

Over the past few years, popcorn has come up as the most preferred snack, which is most commonly consumed at movie theatres, fairs, homes, sports events, and various other public places. Increasing preferences for ready-to-eat food products and snack items is providing growth opportunities for the vendors to enter the global popcorn market. Also, there has been a rise in the number of commercial places including single theatres, stadiums, and picture houses, particularly in developing countries such as India, China, and Brazil. All the above-mentioned factors are projected to open up new avenues for the popcorn manufacturers. Considering the growth of the global popcorn market, QY Research has recently announced the publication of a new report titled, “Global Popcorn Market Report, History and Forecast 2014 - 2025.” According to the report, the global Popcorn market is predicted to exhibit a healthy CAGR during the forecast period of 6 years, i.e. between 2019 and 2025.

Segmental Analysis

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.

Increasing Per Capita Income to Bolster the Global Popcorn Market Growth

North America

Increasing Per Capita Income to Bolster the Global Popcorn Market Growth

Regional Analysis


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. 

Key Players


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.


Increasing Per Capita Income to Bolster the Global Popcorn Market Growth

Global CAGR During 2018-2025


XX%

Market Dynamics


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.


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