Market Forecast
Global RTE Popcorn Market size is projected to be valued at USD 5.83 Billion by 2027 at a CAGR of 7.9% between 2020 and 2027. The global market has been largely benefiting from the increasing demand for RTE popcorn products across the world. The growing awareness of health benefits related to RTE popcorn is expected to spur market growth during the forecast period. The growing demand for RTE popcorn in multiplexes is boosting the demand for RTE popcorn among consumers.
Moreover, the growth of the e-commerce sector and the inclination of manufacturers toward this mode of distribution is further expected to boost the growth of the RTE popcorn market during the review period. Additionally, North America and Europe markets are witnessing the growing demand for RTE popcorn among consumers. The key players in the market and are focused on strategic acquisitions, product launches, and partnerships. Investments in the market are projected to significantly impact the RTE popcorn market size during the forecast period. All the factors are anticipated to create substantial growth opportunities for the growth of the global RTE popcorn market.
Key Players
- 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)
Market USP
Increase in consumption of RTE popcorn at home as well as in multiplex theatres
Growth Opportunities in the Market
Increase in demand for savory RTE popcorns: There is a high demand for savory RTE popcorn among the consumers. Apart from the salty flavor, consumers are more attracted to various flavors of savory RTE popcorns, such as fruity, tangy, and sweet. This, in turn, has raised the demand for savory RTE popcorns.
Increase in demand for RTE popcorn in the household application: The household segment is projected to be the fastest-growing segment during the forecast period. This is due to numerous health benefits provided by RTE popcorns. Consumers are opting for a healthier option, RTE popcorn, in their breakfast.
Non-Store-Based Distribution Channels Gaining Are Popularity Across the Globe: The non-store-based segment is projected to register a higher growth rate during the review period. Manufacturers of RTE popcorn are inclined toward non-store-based distribution channels for the sale of their products. Companies are opting for online distribution platforms as they extend their consumer reach.
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