Summary
- • The global popcorn market size was valued at USD 9.86 billion in 2020
- • The popcorn market is expected to grow at a CAGR of 9.4% from 2021 to 2028
- • Ready-to-eat popcorn segment accounted for the largest revenue share of 67.9% in 2020
- • North America dominated the market with a revenue share of 35.5% in 2020
- • Microwave popcorn segment is expected to witness the fastest growth rate of 9.7% from 2021 to 2028
- • The U.S. popcorn market size was valued at USD 3.22 billion in 2020
- • The U.S. popcorn market is expected to expand at a CAGR of 12.9% from 2021 to 2028
- • Ready-to-eat popcorn segment accounted for the largest revenue share of 59.1% in the U.S. market in 2020
- • The household segment dominated the U.S. popcorn market with a revenue share of 62.5% in 2020
- • The commercial segment in the U.S. popcorn market is expected to witness the fastest CAGR of 13.4% from 2021 to 2028
- • The average American consumes 43 quarts of popcorn per year
- • Approximately 70% of popcorn is consumed at home
- • The United States is the world's largest producer of popcorn, producing nearly 1.2 billion pounds annually
- • Nebraska is the top popcorn-producing state in the U.S., producing about 250 million pounds annually
- • Popcorn sales peak during fall and winter, with 30% of annual sales occurring during the holiday season
Popcorn: A Poppin Phenomenon! Embark on a salty and buttery journey through the tantalizing world of popcorn sales. Did you know that the global popcorn market is exploding faster than kernels in a microwave, with a projected value of USD 20.8 billion by 2030? From the dominance of North America to the rise of organic and online retail segments, these statistics will have you craving more than just a movie night snack!
Consumer Segments
- The household segment dominated the U.S. popcorn market with a revenue share of 62.5% in 2020
- The commercial segment in the U.S. popcorn market is expected to witness the fastest CAGR of 13.4% from 2021 to 2028
- The commercial segment is expected to witness significant growth in the popcorn market during 2021-2028
- The commercial segment is projected to witness a CAGR of 9.5% during 2022-2030
- The household segment is expected to account for over 60% of the popcorn market by 2030
Interpretation
Popping its way into our hearts and homes, popcorn continues to be a beloved snack in the U.S., with the household segment reigning supreme in 2020. But hold on to your kernels, because the commercial segment is poised for explosive growth, set to pop up with a sizzling CAGR of 13.4% from 2021 to 2028. As the battle of the segments heats up, it's clear that the commercial side won't be just a side dish for long, projected to maintain a healthy CAGR of 9.5% from 2022 to 2030. So whether you're munching at home or grabbing a bag on the go, it seems popcorn will continue to be the king of the snack world, with the household segment staying strong and steady, set to maintain its top spot with over 60% of the market by 2030. So, grab your popcorn and enjoy the show as this market continues to pop and crunch its way to success.
Consumption
- The average American consumes 43 quarts of popcorn per year
- Approximately 70% of popcorn is consumed at home
Interpretation
It appears that Americans have truly popped their way into a national pastime with the average citizen devouring a whopping 43 quarts of popcorn annually. With about 70% of this crunchy delight being enjoyed in the comfort of their own homes, it seems that movie nights and cozy gatherings are incomplete without a generous bowl of popped kernels. Popcorn: the snack that brings people together, one popped corn at a time.
Distribution Channels
- The online retail segment is projected to witness the highest growth rate in the popcorn market
- The supermarket/hypermarket segment holds the largest share in the organic popcorn distribution channel
- The supermarket/hypermarket segment dominated the microwave popcorn market in 2019
- Popcorn sales in movie theaters account for about 85% of their total profit
- The online retail segment is projected to grow at the highest CAGR during 2020-2025
- The supermarket/hypermarket segment held the largest share in the organic popcorn distribution channel in 2020
- The online retail segment is anticipated to expand at the highest CAGR in the popcorn market during 2021-2028
- The online retail segment is expected to grow at a CAGR of 11.2% from 2022 to 2030
- The supermarket/hypermarket segment is projected to maintain its leading position in popcorn distribution through 2030
Interpretation
In a world where popcorn reigns as the ultimate movie snack, the battle for market dominance unfolds with steely determination. The online retail warriors are on the rise, armed with projections of exponential growth that could shake the very foundations of the popcorn empire. Meanwhile, the supermarket/hypermarket faction stands firm, holding the largest share in the organic popcorn distribution channel like a well-fortified castle. As the microwave popcorn market witnessed a supermarket siege in 2019, movie theaters continue to rely on their loyal popcorn troops for 85% of their total profits, a fact not to be taken lightly. With projections and anticipations swirling like kernels in a popper, one thing is clear: the popcorn market is a battleground where only the savviest strategists will emerge victorious.
Market Competition
- The global popcorn market share is fragmented with the top 5 players accounting for about 40% of the market
Interpretation
In the world of popcorn, it seems that the big kernels aren't popping off as much as expected. With the global market being like a bowl of mixed popcorn, it's clear that the top players are still just a handful in a sea of kernels. Whether they're buttery or sweet, competition is fierce and everyone's trying to break through the crunchy shell to reach the top. So, grab your popcorn and watch as the big players jockey for position in this fragmented and competitive market.
Market Growth
- The popcorn market is expected to grow at a CAGR of 9.4% from 2021 to 2028
- The U.S. popcorn market is expected to expand at a CAGR of 12.9% from 2021 to 2028
- The organic popcorn market is anticipated to grow at a CAGR of 12.5% from 2020 to 2025
- The microwave popcorn market is projected to reach USD 1.7 billion by 2027
- The global popcorn market is expected to grow at a CAGR of 5.3% during 2021-2026
- The global organic popcorn market is expected to grow at a CAGR of 13.1% from 2021 to 2028
- The global popcorn market is expected to grow at a CAGR of 8.7% from 2022 to 2030
Interpretation
Popcorn sales are popping off like kernels in a hot pan, with growth rates that would make even the most seasoned moviegoer do a double take. From traditional buttery favorites to healthier organic alternatives, it seems everyone is jumping on the popcorn bandwagon. With the microwave popcorn market reaching astronomical figures and the global market expanding faster than a bag in the microwave, it's safe to say that popcorn is not just a snack, it's a cultural phenomenon in motion, poised to keep us crunching and munching well into the next decade.
Market Size
- The global popcorn market size was valued at USD 9.86 billion in 2020
- The U.S. popcorn market size was valued at USD 3.22 billion in 2020
- The global popcorn market is projected to reach USD 18.8 billion by 2028
- The global organic popcorn market is expected to reach USD 1.2 billion by 2025
- The global microwave popcorn market size was valued at USD 1.2 billion in 2019
- The global popcorn market is expected to reach 16.1 billion units in terms of volume by 2026
- Approximately 1.2 billion pounds of popcorn are sold annually in the United States
- The global popcorn market is expected to reach USD 15.1 billion by 2025
- The global popcorn market is expected to reach 16.8 billion units in terms of volume by 2028
- The global popcorn market is projected to reach USD 20.8 billion by 2030
Interpretation
Move over butter, there's a whole lot popping in the popcorn industry! With the global popcorn market exploding at a rapid pace - projected to reach staggering values like USD 18.8 billion by 2028 and USD 20.8 billion by 2030 - it's clear that snacking on those fluffy kernels is more than just a movie night staple. And let's not forget the rise of organic and microwave popcorn options, indicating a shift towards healthier and more convenient choices. America's obsession with popcorn is no joke either, with approximately 1.2 billion pounds of the snack being devoured annually. So, whether you like it salty, sweet, or with a side of sustainability, one thing's for sure - the future of popcorn is looking pretty poppin'!
Pricing
- The average price of popcorn at movie theaters in the United States is $8.15 per bucket
Interpretation
In a world where a bucket of popcorn costs more than a lot of Netflix subscriptions, the average price of $8.15 per bucket at movie theaters in the United States serves as a reminder that the real blockbuster hits might just be happening at the concession stand. Perhaps it's time we start thinking of popcorn not just as a snack, but as a high-stakes investment in our cinematic experiences. After all, who needs a box office hit when you've got a bucket of golden, buttery goodness in hand?
Product Segments
- Ready-to-eat popcorn segment accounted for the largest revenue share of 67.9% in 2020
- Microwave popcorn segment is expected to witness the fastest growth rate of 9.7% from 2021 to 2028
- Ready-to-eat popcorn segment accounted for the largest revenue share of 59.1% in the U.S. market in 2020
- The ready-to-eat segment held the largest market share of 70% in 2020
- The ready-to-eat segment dominates the organic popcorn market with a share of over 60%
- The butter flavored segment accounted for the highest share in the microwave popcorn market in 2019
- The ready-to-eat popcorn segment is expected to witness a CAGR of 10.2% during 2021-2026
- The savory flavor segment held the largest market share in the global popcorn market in 2020
- The ready-to-eat segment is expected to grow at a CAGR of 8.2% from 2020 to 2025
- The ready-to-eat segment dominated the organic popcorn market in 2020
- The ready-to-eat segment is projected to expand at a CAGR of 8.5% from 2021 to 2028
- The ready-to-eat segment is expected to hold a market share of over 70% by 2030
- The savory flavor segment is projected to hold the largest market share in the popcorn market by 2030
Interpretation
Popcorn sales have been popping off in recent years, with the ready-to-eat segment reigning supreme like a buttery king on its throne, holding the largest revenue shares and dominating both the traditional and organic markets. Meanwhile, the microwave popcorn segment is heating up, poised for explosive growth like a bag in the microwave, with savory flavors tantalizing taste buds worldwide. In this crunchy battle for snack supremacy, it's clear that popcorn isn't just a movie night favorite—it's a serious contender in the global snack market, proving that when it comes to snacking, there's always room for more kernels of success.
Production
- The United States is the world's largest producer of popcorn, producing nearly 1.2 billion pounds annually
- Nebraska is the top popcorn-producing state in the U.S., producing about 250 million pounds annually
- The United States accounts for about 85% of the world's popcorn production
Interpretation
Move over Hollywood, because when it comes to popping, the United States is the real star of the show. With a staggering 1.2 billion pounds of popcorn popping out annually, America is truly the popcorn powerhouse of the world, with Nebraska leading the charge by churning out 250 million pounds alone. So, next time you're munching on those tasty kernels, remember that when it comes to popping corn, the U.S. is a kernel above the rest, holding the title of the world's popcorn kingpin with a whopping 85% share of production.
Regional Market
- North America dominated the market with a revenue share of 35.5% in 2020
- The Asia Pacific popcorn market is expected to grow at the highest CAGR during the forecast period
- North America holds the largest share in the organic popcorn market
- North America accounted for the highest revenue share in the microwave popcorn market in 2019
- The Asia-Pacific region is projected to be the fastest-growing market for popcorn during 2021-2026
- The Asia-Pacific region is expected to witness the highest growth rate in the popcorn market during 2020-2025
- North America held the largest market share in the organic popcorn market in 2020
- The Asia Pacific region is expected to be the fastest-growing market for popcorn during 2021-2028
- North America is projected to maintain its dominance in the global popcorn market through 2030
- The Asia Pacific region is expected to witness the highest CAGR of 10.2% in the popcorn market during 2022-2030
Interpretation
Popcorn sales are popping all over the globe, with North America and the Asia Pacific region engaged in a salty, buttery battle for market dominance. While North America continues to hold the crown for now, with its impressive revenue shares and organic popcorn supremacy, the Asia Pacific market is steadily popping its way to the forefront with skyrocketing growth rates and promising future projections. As we eagerly await the next chapter in this epic popcorn saga, one thing is clear: no kernel is left unpopped in this sizzling showdown for snack-time supremacy.
Seasonal Trends
- Popcorn sales peak during fall and winter, with 30% of annual sales occurring during the holiday season
Interpretation
Popcorn sales truly pop off during the festive fall and winter months, reaching a buttery crescendo during the holiday season where 30% of the year's sales are seasoned to perfection. It seems that as the temperature cools, the craving for this crunchable treat heats up, offering a savory and satisfying snack for all to enjoy. So, whether you're cozying up by the fire or hosting a holiday movie marathon, it's clear that popcorn is the snack that never goes out of season.
