When people think about snacks, popcorn shoots to the top of the list. In the past, popcorn was only something that people would eat if they were going to the movies. Now, the popcorn industry is growing quickly. As the industry looks to the future, there are many people who are wondering what popcorn is going to be like down the road.
The truth is that the future of the popcorn industry is bright. What are some of the biggest reasons why? What does the future hold for those who are interested in popcorn?
The Market Growth Is Accelerating Quickly for Popcorn
According to recent market research, the pace of growth is going up. Even though the food industry as a whole is doing well, the popcorn industry appears to be outpacing the competition. For example, market growth has been close to 12 percent per year recently. This is a strong sign that there is a growing demand for the product.
If you look in your pantry, you may have a bag of popcorn in there right now. Even though you probably break this out when you are watching a movie on TV or getting ready to go to the movie theaters, you might even find that this is a common snack that you reach for nightly. This is just one of the biggest examples of how it is expanding its footprint in the United States.
The Popcorn Industry Has Developed Several Niches
Another reason why the popcorn industry is growing so quickly is that there are numerous niches that have developed. In the past, there was only one type that people would eat. This is the popcorn that people would reach for when they were going to the movie theaters. It came in a bag or a bucket, was topped with butter, and would keep people entertained during the course of the movie. Now, there are numerous other flavors that are becoming popular as well.
A lot of people point to Boy Scouts’ popcorn as one of the first places it started to develop in other flavors. Now, people are topping theirs with caramel, cheese, chocolate, and numerous other types of toppings. Because the industry has become fragmented as a result, there are more opportunities for those who are looking for popcorn.
There Is a Demand for Healthier Snacks
In addition, it is also important to highlight that there has been a growing demand for healthier snacks. Today, people are smarter than they ever have been in the past. They know that they should be looking at the nutrition facts to make sure they are eating healthy. Fortunately, it usually falls under the category of a healthy snack.
When compared to other popular snacks, so just potato chips, popcorn is significantly healthier. Even though it is not exactly healthy to top it with butter, there are healthy ways for people to eat popcorn. For example, people can pop their’s using air instead of oil. By avoiding the frying pan, it is possible for people to make their snack even healthier. As the demand for healthy snacks continues to grow, it is only going to become more popular. This is contributing to the positive outlook of the industry.
The Demand Is Spreading All Over the World
Finally, it is also important to note that there is a demand for it all over the world. Even though close to 40 percent of the growth in the industry is going to come from North America, this also means that the majority of the growth is going to come from other parts of the world. For example, there are people in Europe and Asia who are demanding more.
Therefore, the industry will only continue to grow down the road. Popcorn is becoming an increasingly global snack. This is only magnifying the growth opportunities that exist in the industry. As a result, the future of the popcorn industry is bright.
High-Quality Bulk Popcorn
If you are someone who enjoys this snack on a regular basis, then why not consider buying it in bulk? That is where we can help you. We are Shumway Farms, and we are proud to be one of the leaders in the industry. Popcorn has been in our family for generations, giving us plenty of time to refine our snacks to meet the demands of our valued customers. If you are looking for a healthy snack, we are confident that we can help you as well. Take a look at our selection of popcorn today. It would be our honor to help you meet your needs, so give us a call to learn more about our products!