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The Global Popcorn Market is segmented By Type into Microwave Popcorn and Ready-to-Eat (RTE) Popcorn, By Distribution Channel into On-Trade and Off-Trade, and By Geography
2016 - 2026
Fastest Growing Market:
The Global Popcorn Market is projected to register a CAGR of 7.1% over the forecast period (2019-2024).
The Global Popcorn Market is segmented by type into microwave popcorn and ready-to-eat (RTE) popcorn, by distribution channel into on-trade and off-trade channels. The off-trade channels are further segmented into supermarkets/hypermarkets, convenience stores, online channel, and other channels. The segmentation by geography provides insights into the trends in the top countries across the world.
|Ready-to-Eat (RTE) Popcorn|
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The category of ready-to-eat (RTE) popcorn has seen phenomenal growth over the review period (2016-2018) and is projected to be at the forefront of the growth of the overall popcorn category over the forecast period (2019-2024). The category has not only seen innovations in terms of new flavors that tap into consumer cravings, but also with respect to meeting the needs of the consumer in terms of healthy, all-natural and clean label ingredients. For instance, Smartfood, a brand owned by PepsiCo has a wide product portfolio catering to each of these consumer needs. In 2014, the company introduced the Delight line of reduced-fat popcorn, which claims to contain just 35 calories per cup. In addition to traditional flavors such as salted, cheese and caramel, the brand is also available in gourmet flavors such as sea-salted caramel, white cheddar, rosemary and olive oil, sea salt, and chipotle aged cheddar. From the perspective of satiating consumer needs, both from an indulgence and health point of view, as well as because of its inherent ability to tap the best of emerging distribution channels such as online retail, the RTE popcorn segment is expected to drive the overall growth of the popcorn category.
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North America has traditionally been the largest market for popcorn globally. The emergence of the trend of healthy snacking has impacted the growth of the popcorn market in the region. In the United States, the retail sales of popcorn have increased by over 32% since 2012. Much of this growth can be attributed to the double-digit growth rate associated with ready-to-eat popcorn. In addition to the emergence of new flavors and the healthy snacking trend, consumers are also increasingly looking for accompaniments to popcorn, driving the consumption of mix-ins such as popcorn with dried cranberries or candies.
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The Global Popcorn Market is moderately fragmented with a significant presence of global players and private labels. New entrants to the market are focused on tapping niche segments such as gourmet popcorn, popcorn with new flavors and are also piggy-backing on the health and wellness trends associated with snacking. The market is fiercely competitive and market-leading brands are increasingly focusing on product line expansions to emerge as category winners.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Microwave Popcorn
5.1.2 Ready-to-Eat (RTE) Popcorn
5.2 Distribution Channel
220.127.116.11 Convenience Stores
18.104.22.168 Online Channel
22.214.171.124 Other Channels
5.3.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 Rest of Europe
5.3.3 Asia Pacific
220.127.116.11 Rest of Asia-Pacific
5.3.4 South America
18.104.22.168 Rest of South America
5.3.5 Middle East and Africa
22.214.171.124 South Africa
126.96.36.199 Saudi Arabia
188.8.131.52 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Con Agra Brands, Inc.
6.3.2 Pepsico, Inc.
6.3.3 Hershey's Company
6.3.4 Snyder's-Lance Inc.
6.3.5 Weaver Popcorn Company, Inc.
6.3.6 Hain Celestial Group, Inc.
6.3.7 Quinn Foods, LLC.
6.3.8 Intersnack Group GmbH & Co. KG.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability