ID: MRFR/F-B & N/8944-HCR | February 2021 | Region: Global | 90 pages
Global RTE Popcorn Market size is projected to reach approximately USD 5.83 Billion by 2027, at a CAGR of 7.9% from 2020 to 2027. Popcorn is a snack made from maize or corn kernel. Ready to eat popcorn is a popular snack all over the world. Popcorn offers various health benefits such as lower risks of diabetes, heart disease, hypertension, and weight management. Popcorn is rich in antioxidants, helps in metabolism, controls blood sugar levels, and supports healthy bone function. An increase in consumption of ready-to-eat popcorn at home as well as in multiplexes theatres is driving the growth of the global RTE popcorn market. Furthermore, high disposable income and changes in lifestyle are supporting the growth of the global RTE popcorn market. Product launches by the key players in the RTE popcorn are driving the growth of the global RTE popcorn market. RTE popcorns manufacturers are also focusing on innovation for RTE popcorns by introducing new flavors. For instance, on 9 January 2020, Pepsico (Fritolay) launched Cheetos popcorn in stores nationwide. All the factors are anticipated to create substantial growth opportunities for the growth of the global RTE popcorn market.
The outbreak of COVID-19 has resulted in the lockdown across regions, border restrictions, and breakdown of transportation networks. The COVID-19 outbreak has flipped the growth switch in every sector of the economy. The coronavirus pandemic has forced countries all over the world to impose the lockdown. The outbreak of COVID-19 has resulted in a surge in demand for RTE popcorn around the world.
Global RTE Popcorn Market has witnessed substantial growth in recent years. The pandemic has created lucrative opportunities for RTE popcorn manufacturers across the globe. There are various health benefits offered by the RTE popcorn. Other drivers that are expected to fuel the growth of the global RTE popcorn market are frequent product innovations and the booming organized food sector. Innovative marketing campaigns through social media proved to be an innovative marketing strategy uplifting the market growth. An increase in health benefits for RTE popcorns among consumers is supporting the growth of the global RTE popcorn market. To cater to the trending consumer needs, market players are focusing on the launch of innovative RTE popcorns flavors such as kettle corn, strawberry, and caramel. Furthermore, a rise in sales of RTE popcorn through supermarkets & hypermarkets is further expected to amplify the growth of the global RTE popcorn market during the forecast period. The key players in the food industry are also entering the RTE popcorn market, looking at the large opportunities the market hold.
Increase in consumption of RTE popcorn at home as well as in multiplex theatres
By Product Type
By Distribution Channel
|Market Size||USD 5.83 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product Type, End-Use, Distribution Channel, By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Conagra Brands, Inc. (US), Weaver Popcorn Company, Inc. (US), Amplify Snack Brands (US), Snyder's-Lance. (US) (Germany), American Pop Corn Company. (US), Wyandot Inc. (US), Smartfoods Inc. (US), PepsiCo (Frito-Lay) (US), Quinn Foods LLC. (US)|
|Key Market Opportunities||
|Key Market Drivers||