United States Popcorn Companies: Leaders, Top & Emerging Players and Strategic Moves

In the US popcorn sector, Conagra Foods Inc., PepsiCo Inc., and The Hershey Company compete using broad product ranges, innovation, and nationwide distribution. Our analyst perspective notes that leading firms leverage brand strength, while challengers prioritize niche flavors and quality to stand out. Strategic analysis is targeted for strategy and procurement teams. For detailed insights, access the United States Popcorn Report.

KEY PLAYERS
PepsiCo Inc. Grupo Bimbo, S.A.B. de C.V. Conagra Foods Inc. Our Home The Hershey Company
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Top 5 United States Popcorn Companies

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    PepsiCo Inc.

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    Grupo Bimbo, S.A.B. de C.V.

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    Conagra Foods Inc.

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    Our Home

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    The Hershey Company

Top United States Popcorn Major Players

Source: Mordor Intelligence

United States Popcorn Companies Matrix by Mordor Intelligence

Our comprehensive proprietary performance metrics of key United States Popcorn players beyond traditional revenue and ranking measures

The MI Matrix can differ from a simple revenue ranking because it weighs visible execution signals, product cadence, and in-scope operating commitment, not just size. It also picks up behind-the-scenes capabilities like contract manufacturing readiness, retail door expansion pace, and tolerance for labeling and recall scrutiny. In the United States, the core popcorn formats are microwave bags, ready-to-eat bags, and unpopped kernels for home popping. Buyers usually evaluate popcorn partners on flavor renewal, freshness control, allergen discipline, and the ability to serve multiple channels without stockouts. Mordor Intelligence's MI Matrix is better for supplier and rival evaluation than revenue tables alone because it highlights who can reliably deliver the next 12 to 24 months of assortment change.

MI Competitive Matrix for United States Popcorn

The MI Matrix benchmarks top United States Popcorn Companies on dual axes of Impact and Execution Scale.

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Analysis of United States Popcorn Companies and Quadrants in the MI Competitive Matrix

Comprehensive positioning breakdown

Conagra Foods Inc.

Flavor-led extensions keep popcorn relevant beyond movie night, which matters as at-home entertainment evolves. Orville Redenbacher's launched popcorn seasonings in July 2023, including licensed flavors like Buffalo Wild Wings and Cinnabon, which strengthens repeat use for kernels and microwave bags. Conagra, a leading producer, also leaned into brand partnerships again in July 2024 with a Hallmark Channel sweepstakes that reinforces pantry stocking behavior. If "clean label" expectations tighten, reformulation and packaging claims could become a cost and timing risk, especially under broader cost pressures noted in late 2025 results commentary.

Leaders

PepsiCo Inc.

Direct-store-delivery scale helps when ready-to-eat popcorn needs tight freshness control. PepsiCo refreshed Smartfood messaging in September 2024 with a national campaign that reintroduced core flavors and highlighted "less than 100 calories per cup" positioning. PepsiCo, a major brand, benefits from scale, yet brand trust can swing if buyers perceive recipe drift or uneven quality. If retail trading-down continues, PepsiCo's 2025 outlook commentary suggests more promotion pressure, which can dilute premium popcorn economics. The upside is strong distribution reach that smaller popcorn specialists cannot replicate.

Leaders

The Hershey Company

Salty-snack momentum gives Hershey a sturdier base when confection demand softens. In its February 2025 full-year 2024 results, Hershey reported strong North America salty-snacks growth and cited SkinnyPop retail sales growth supported by velocity and innovation. This top manufacturer plans to remove synthetic dyes from snacks by the end of 2027, which can create short term operational complexity but may improve shopper confidence. If cocoa inflation forces harsher trade-offs, popcorn can still be a steadier contributor with simpler inputs.

Leaders

Our Home

Portfolio reshaping since 2024 has made microwave popcorn a more central growth lever. Our Home bought Pop Secret from Campbell in August 2024, and Campbell disclosed Pop Secret fiscal 2024 net sales of about USD 120.0 million. Our Home, a leading service provider in snack platforms, also added two plants from Utz in April 2024, expanding its footprint and co-manufacturing options. In 2025 it expanded Pop Secret ready-to-eat distribution and added club sizing, signaling faster format expansion than many legacy microwave brands. The operational risk is integration, including a Pennsylvania plant closure plan disclosed for 2026.

Leaders

Grupo Bimbo, S.A.B. de C.V

Brand renovation has been a clear theme, especially for bagged ready-to-eat offerings. Popcornopolis expanded its Nearly Naked line in May 2023 with jalapeo lime and white cheddar flavors and refreshed packaging that surfaces calories per cup. Grupo Bimbo, as a major distributor, can win by turning gifting popcorn into an everyday snack habit, but that also increases exposure to price sensitivity in premium cones and specialty lines. If labeling expectations rise around "better for you" claims, the packaging-forward approach can help, yet it also raises the bar for consistency. The what-if scenario is a wider shift to club packs, which could favor larger operators with stable supply.

Leaders

Frequently Asked Questions

What should retailers prioritize when selecting a microwave popcorn partner?

Look for consistent popping performance, low "old maid" rates, and clear allergen labeling. Confirm the supplier can support promotions without freshness issues.

What is the most practical way to compare ready-to-eat popcorn brands?

Start with taste consistency and bag freshness over time, not just flavor variety. Then review sodium, oils used, and the credibility of "better for you" claims.

How can a buyer reduce risk with flavored popcorn that uses cheese or caramel coatings?

Demand strong allergen controls, validated cleaning procedures, and clear lot traceability. Ask for documented incident response steps, since small errors can trigger nationwide withdrawals.

When does private label popcorn usually make sense?

It fits best when a retailer wants value pricing, stable core flavors, and predictable supply. It is less ideal when the strategy depends on fast, seasonal flavor churn.

What are the most common operational failure points in popcorn?

Staleness from weak package control, seasoning separation, and inconsistent oil application are frequent issues. Supply shocks in corn and packaging films can also disrupt service.

What trends are shaping popcorn innovation right now?

Brands are pushing bolder seasonings, licensed flavors, and portioned formats that reduce prep mess. Health-positioned messaging is rising, which increases scrutiny on ingredients and labeling.


Methodology

Research approach and analytical framework

Data Sourcing & Research Approach

Data sourcing focused on company investor pages, SEC filings, company newsrooms, credible business journalism, and government sources such as FDA recall notices. Private firms were assessed using observable signals like facility footprint, distribution wins, and product catalog breadth. When direct popcorn financials were limited, indicators were triangulated using confirmed launches, contracts, and channel expansion signals. Scoring is constrained to the United States popcorn scope described above.

Impact Parameters
1
Presence & Reach

US popcorn shelf reach across grocery, club, convenience, ecommerce, and concession-linked packaged formats.

2
Brand Authority

Buyer recall for popcorn labels, plus credibility for flavor claims and better-for-you positioning.

3
Share

Relative in-scope scale using proxies like door counts, disclosed popcorn sales signals, and brand breadth.

Execution Scale Parameters
1
Operational Scale

Dedicated US popcorn assets, co-pack capacity, and the ability to manage freshness and seasonality.

2
Innovation & Product Range

2023+ launches in popcorn flavors, formats, pack sizes, and licensing partnerships tied to popcorn.

3
Financial Health / Momentum

Ability to sustain US popcorn investment through promotions, manufacturing stability, and compliance controls.