What is Ready to eat Popcorn Market?
Ready-to-Eat snacks that have nutritional value are becoming popular by the day. Popcorn - a type of corn that expands from the kernel and puffs up when heated - is one such snack that is preferred by people worldwide. In 2018, 65% of adults in the United States looked for foods & beverages that have nutritional value. Combined with a growing interest in snacking and on-the-going eating, popcorn market is poised to build on its nutritional profile and likeability. Flavor innovation is spurring the growth for the market ahead. There is an opportunity for brands as well as new entrants to innovate with unexpected flavors to engage consumers.
The market study is being classified and major geographies with country level break-up.
Amplify Snack Brands (United States), Frito-Lay (United States), Conagra Brands (United States), Butterkist (United Kingdom), Weaver Popcorn Bulk, LLC (United Kingdom), PepsiCo (United States), The Hershey Company (United States), Snyder's-Lance, Inc. (United States), Great American Popcorn (United States) and Borges International Group (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Garrett Popcorn Shops (United States), Aramidth International (Singapore), Joe's Gourmet Foods Ltd. (United States) and Magecom (United Kingdom).
Various brands are trying to include traditional as well as dynamic flavors. This gives customers a wide range of choices and in turn, encourages the sales. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Ready to eat Popcorn market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Ready to eat Popcorn market by Type, Application and Region.
On the basis of geography, the market of Ready to eat Popcorn has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Awareness about Nutritional Properties & Benefits of the Product
- Portable Nature of the Product
Restraints
- Lower Disposable Income in Underdeveloped Countries
Opportunities
- Changing Consumption Patterns and Preference for Ready-To-Eat Products
- Ease of Buying Due To Availability of Multiple Distribution Channels
Challenges
- The Threat of Substitution from Competitors
Key Target Audience
Manufacturer, Traders/Distributors/Suppliers, Raw Material Supplier, End-User and Others