Global Popcorn Machine Market 2017-2021

Overview of the global popcorn machine market

According to Technavio’s market research analysis, the rise in product innovation will be one of the major factors that will have a positive impact on the growth of the the global popcorn machine market till 2021. The increasing sales of popcorn machines is mainly due to the launch of new flavored products such as butter and caramel and has gained immense popularity in the US popcorn market over the years.  In addition, many other products with flavors such as maple sea salt, jalapeno, pepper, cheddar cheese, green apple, caramel, bacon, buffalo and blue cheese, cheesecake and stout beer have seen a gained huge attraction. Also, the companies such as Popcorn Indiana, a US-based manufacturer of popcorn, have introduced a new Peppermint-flavored range called New Dark Fudge Peppermint Drizzle corn. With the introduction of innovative flavors in the market, the sales of popcorn machines particularly in residential models are likely to grow during the forecast period. Our market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

The Americas will be the major revenue contributor of the popcorn machine market throughout the forecast period. The rising popularity of popcorn in Central and South America as a snack, increasing disposable incomes, shifting consumer patterns, and growth in the awareness of health advantages of consuming popcorn will drive the demand for popcorn machines in the region.

Competitive landscape and key vendors