RTE Popcorn Market Global Distribution Source, Product Category, Opportunities, Growth Factor, Regional Demand, Forecast to 2027
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.
Access Report Details @ https://www.marketresearchfuture.com/reports/rte-popcorn-market-10424
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Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
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