Popcorn Market Business Trends and Driver Forecast to 2028

Felton, California , USA, August 31 2021 — /EPR Network/ — Global Popcorn Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Popcorn market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.

 

Popcorn Market study offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain ruthless advantage. Popcorn Market Forecast provides sizing and growth opportunities. It provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. it also includes a detailed analysis of growth drivers, challenges, and investment opportunities and delivers a complete overview of segments and the regional outlook of the market.

 

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Popcorn Market Growth & Trends

The global popcorn market size is expected to reach USD 6.24 billion by 2028, registering a CAGR of 9.4% over the forecast period from 2021 to 2028, according to a new report by Grand View Research, Inc. Rising preference for the combinations of flavors and shapes of popcorn from traditional product forms, is expected to expand the market size on a global level.

 

With increasing popularity of on-the-go snacks, the adoption rate of the popcorn is rising among the consumers in major economies, including the U.S., Germany, the U.K., and China. Moreover, despite the financial stress observed during the COVID-19 pandemic, the market has shown positive signs. Factors such as the rising consumer awareness about the nature of food ingredients and the rising demand during the lockdown situation are projected to further drive the market growth.

 

Asia Pacific is the fastest-growing segment and is expected to witness a CAGR of 11.5% from 2021 to 2028. The countries such as China and India, have the largest consumer base that demands the popcorn for consumption. Increasing consumer disposal income has increased their spending capacity on nutritious food. This factor is projected to boost the regional product demand.

 

Companies are looking to maintain their brand image and gain customer loyalty by offering innovative, wide range of combinations of popcorn as per customer specifications by analyzing consumer behavior patterns. The key players in the market are offering customized popcorn flavors such as butter, cheesy, chocolate, strawberry, and other.

 

Some of the companies for Popcorn market are:

• The Hershey Company
• Conagra Brands, Inc.
• Snyder’s-Lance, Inc.
• Intersnack
• PepsiCo
• Eagle Family Foods Group LLC
• CATAPULT ENTERPRISES LTD
• Quinn Foods LLC
• Weaver Popcorn Bulk LLC.

 

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