A recent market intelligence report that is published by Data Insights Partner on the global Popcorns Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Popcorns Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Popcorn Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Popcorn Market `is offered. In accordance with the report, the global Popcorns Market is projected to expand at a CAGR of 7.6% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Popcorns are derived from maize by heating the corn kernels with oil. Popcorn is a great source of nutrition. It is rich in fiber, proteins, vitamin B complex and also acts as an antioxidant owing to its immense possession of phenolic acids. Health conscious consumer’s choice of healthy eating is driving this market. Popcorns are well known as a snack that accompanies people while they are in movie theaters, stadiums, fairs, carnivals, and multiplexes because it is a light food with high nutritional value. Also, there is a surge in the consumption of convenience foods. This is because of the fact that the day-to-day schedule of people are becoming increasingly tight due to soaring burden at workplace. Moreover, in the era of nucleated families, where both the parents are working, popcorns are lesser time consuming and laborious to make. This makes them applicable for household consumption. Also, with surging movie nights or rise in the need of entertainment due to workaholic lifestyle of the people, this market is growing. Increasing commercial place’s association in the day to day life of people is also a determinant. The rising purchasing power of people and newer ways of living is also fueling the growth of this market. Finally, the increased usage of internet and social media is also empowering the growth of this market. With the continuous change in trends in social media, emergence of lifestyle showcasing and imitations of different patters to gain popularity among netizens, the popcorn market is thriving. Rising vegan population is also showing inclination towards the consumption of corns and popcorns.
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But the availability of popcorn substitutes like nuts, chips and many more that could be conveniently consumed in commercial places like movie theaters, stadiums and even in household scenario is hindering the growth of this market. Also, popcorns can be a source of allergy to many people and this is severely disrupting the growth of this market. Also, too much consumption of popcorns can adversely affect health.
The ability to cook popcorns using microwave coupled with the increasing usage of electronic gadgets like microwave at home is an untapped opportunity for the growth of this market. Also, the innovation of different flavors of popcorn makes it immensely popular among people with different tastes. The consumers impulsion to consume gourmet popcorn and natural and clean label products is a great scope for the market. Also, the swelling availability of raw materials like maize, corn from which popcorns are derived is a great chance for the market to increase its market share. In addition, changing lifestyle and rising disposable income is a good chance to unfold new avenues in the popcorn market.
This market intelligence report on the global Popcorns Market encompasses market segments based on product type, end user, distributional channel, and country/regions.
By product type, the Popcorn Market is segregated into,
- Microwave Popcorn
- Ready-To-Eat Popcorn (savory, sweet, others)
By end user, the Popcorn Market is classified into,
By distributional channel, the Popcorn Market is split up into,
- Online Stores
- Offline Stores (supermarket, hypermarket, specialty stores, convenience stores)
By country/region, the Popcorn Market is divided into,
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Weaver Popcorn Company, Inc.
- Snyder’s-Lance Inc
- Hershey Company
- PepsiCo Inc
- ConAgra Brands Inc
- Eagle Family Foods Group
- KP Snacks Ltd
- Quinn Foods LLC
- The Hain Celestial Group Inc
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Popcorns Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
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Ø This study offers comprehensive yet detailed analysis of the Popcorns Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Popcorns Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as ProperCorn, PepsiCo Inc, The Hein Celestial Group Inc, Quinn Foods LLC, KP Snacks Ltd, Eagle Family Foods Group and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Popcorns caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Popcorns Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Popcorns Market
v Identification of key factors driving investment opportunities in the Popcorns Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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