South Africa Popcorn Market Size & Outlook, 2023-2030
South Africa popcorn market, 2018-2030 (US$M)
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South Africa popcorn market highlights
- The South Africa popcorn market generated a revenue of USD 313,591.8 million in 2021 and is expected to reach USD 600,867.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.5% from 2022 to 2030.
- In terms of segment, rte popcorn was the largest revenue generating type in 2021.
- Microwave Popcorn is the most lucrative type segment registering the fastest growth during the forecast period.
Popcorn market data book summary
| Market revenue in 2021 | USD 313,591.8 million |
| Market revenue in 2030 | USD 600,867.6 million |
| Growth rate | 7.5% (CAGR from 2021 to 2030) |
| Largest segment | Rte popcorn |
| Fastest growing segment | Microwave Popcorn |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Microwave Popcorn, RTE Popcorn |
| Key market players worldwide | Campbell Soup Co, PepsiCo Inc, Conagra Brands Inc, Quinn Snacks, The Hershey Company, Eagle Foods, Proper Food, Jolly Time, Intersnack Group |
Other key industry trends
- In terms of revenue, South Africa accounted for 6.0% of the global popcorn market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa popcorn market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 600,867.6 million by 2030.
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Popcorn Market Scope
Popcorn Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa popcorn market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to popcorn market will help companies and investors design strategic landscapes.
Rte popcorn was the largest segment with a revenue share of 71.64% in 2023. Horizon Databook has segmented the South Africa popcorn market based on microwave popcorn, rte popcorn covering the revenue growth of each sub-segment from 2018 to 2030.
The popcorn market in South Africa is thriving, supported by the country’s strong agricultural production and the cultural significance of popcorn as a popular snack. As one of the leading producers of popcorn in Africa, South Africa plays a crucial role in the continent's popcorn supply chain, with production also rising in neighboring countries like Zimbabwe and Tanzania.
Furthermore, according to South Africa's first State of Snacking report, compiled by global snacking company Mondelez International in September 2023, popcorn ranked among the top snack choices for South Africans.
This preference highlights the growing popularity of popcorn as a versatile and culturally significant snack, reflecting broader trends in the South African market towards convenient and indulgent snacking options.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa popcorn market , including forecasts for subscribers. This country databook contains high-level insights into South Africa popcorn market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa popcorn market size, by type, 2018-2030 (US$M)
South Africa Popcorn Market Outlook Share, 2023 & 2030 (US$M)
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