Cinema Concessions - NAFTA

NAFTA

Highlights

In NAFTA, revenue in the Cinema Concessions market market is projected to reach US$11.48bn in 2024.
Revenue in this market is expected to show an annual growth rate (CAGR 2024-2029) of 6.13%, resulting in a projected market volume of US$15.46bn by 2029.
In the Cinema Concessions market market within NAFTA, the number of viewers is expected to amount to 335.7m users by 2029.
User penetration in this market will be 52.5% in 2024 and is expected to hit 64.0% by 2029.
The average revenue per viewer in NAFTA is expected to amount to US$42.88.
In global comparison, most revenue in this market will be generated the United States, with a projected revenue of US$9.88bn in 2024.
In the United States, cinema concessions are increasingly integrating health-conscious options to cater to evolving consumer preferences for healthier snack alternatives.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema Concessions market in NAFTA has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances.

Customer preferences: Customers in the NAFTA region have shown a growing preference for a unique and immersive cinema experience. They are seeking more than just a movie screening; they want an overall entertainment package. This includes a wide variety of food and beverage options, such as gourmet popcorn, craft beers, and specialty cocktails. Customers are also looking for comfortable seating options, including recliners and luxury seating, to enhance their movie-watching experience. Additionally, there is a growing demand for healthier food options, as more customers are becoming health-conscious and looking for alternatives to traditional cinema snacks.

Trends in the market: One of the key trends in the Cinema Concessions market in NAFTA is the integration of technology. The use of self-service kiosks and mobile apps for ordering food and beverages has become increasingly popular, allowing customers to skip long lines and have a more convenient experience. Furthermore, cinemas are incorporating advanced audio and visual technologies, such as IMAX and 3D, to provide a more immersive experience for moviegoers. Another emerging trend is the introduction of themed cinemas, which cater to specific audiences and create a unique atmosphere. For example, some cinemas have introduced "retro" or "nostalgia" themes, appealing to customers who enjoy a vintage movie experience.

Local special circumstances: Each country within the NAFTA region has its own unique set of circumstances that contribute to the development of the Cinema Concessions market. In the United States, for example, the large population and high disposable income levels have created a strong demand for premium cinema experiences and a wide range of food and beverage options. In Canada, there is a growing trend towards incorporating local and regional flavors into the cinema concessions offerings, reflecting the country's diverse culinary scene. Mexico, on the other hand, has a strong cultural tradition of snacking during movies, leading to a high demand for traditional cinema snacks such as popcorn and nachos.

Underlying macroeconomic factors: The growth of the Cinema Concessions market in NAFTA can also be attributed to underlying macroeconomic factors. The stable economic conditions in the region, coupled with rising disposable incomes, have allowed consumers to spend more on entertainment experiences. Additionally, the increasing popularity of streaming services has led cinemas to focus on providing a unique and immersive experience that cannot be replicated at home. Cinemas have responded by offering a wider range of food and beverage options, as well as incorporating advanced technologies to differentiate themselves from streaming platforms. In conclusion, the Cinema Concessions market in NAFTA is developing rapidly due to changing customer preferences, emerging market trends, local special circumstances, and underlying macroeconomic factors. Customers are seeking a more immersive cinema experience, which includes a variety of food and beverage options, comfortable seating, and advanced technologies. Each country within the NAFTA region has its own unique circumstances that contribute to the development of the market. Overall, the stable economic conditions and rising disposable incomes in the region have allowed consumers to spend more on entertainment experiences, further fueling the growth of the Cinema Concessions market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Cinema market, which comprises revenues from box office, advertsing and concessions. The market includes both consumer and advertising spending. All monetary figures refer to consumer spending on tickets and concessions. This spending factors in discounts, margins, and taxes.

Modeling approach / market size:

The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.