Project Report For Popcorn manufacturing
Project report for Popcorn manufacturing is as follows.
Popcorn is a sort of wheat shell that expands and swells up when cooked; the dish that follows from the enlargement is also known as popcorn. The sturdy hull of a popcorn kernel holds the seed’s hard, starchy shell endosperm, which contains 14-20% moisture and turns to steam when cooked. The shell ruptures as the pressure from the steam build, allowing the kernel to aggressively expand from 20 to 50 times its original size and eventually cool. Some corn varieties are grown expressly for popping corn. Dent corn, flint corn, pod corn, flour corn, and sweet corn are the six basic forms of corn. Popcorn is one of them.
Popcorn as a category is rapidly dwindling. Its reputation as a movie snack has been transformed into a light snack that satisfies customers while being low in calories. The category of ready-to-eat popcorn has exploded as a result of this property. The brand also comes in exotic flavours like sea-salted caramel, white cheddar, rosemary and olive oil, sea salt, and chipotle aged cheddar, in addition to typical varieties like salted, cheese, and caramel. Because of its intrinsic potential to tap the finest of developing distribution channels such as social media, it is ideal for satisfying consumer wants, both in terms of enjoyment and health.
Market potential & Strategy
In India, the popcorn market grew at a positive compound annual growth rate (CAGR) of 21.18 per cent from 2019 to 2025, with sales of INR 7,203.79 million in 2019, up 17.47 per cent from 2018. The market’s best year was 2019 when it gained by 25.35 per cent over the previous year, and its worst year was 2018 when it increased by 16.92 per cent over 2020. During the projection period of 2020 to 2026, the Indian popcorn market is predicted to grow at a double-digit CAGR. The market’s lucrative growth is fueled by the adoption of western culture and an increase in disposable money.
Furthermore, there has been an increase in fitness consciousness, shifting the industry’s inclination for healthy foods, resulting in increased popcorn consumption. The large profit margins generated by the popcorn industry are also causing significant changes in India’s agriculture. The popcorn market in India has grown significantly in recent years, with popcorn being a popular snack among Indians, particularly in metropolitan areas. The unorganised sector in India dominates the popcorn business, accounting for more than 60% of the total market. However, because of the increase in the number of multiplexes and the popularity of in-home popcorn, the scenario is projected to alter.
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