This weekend, tennis star Novak Djokovic is serving snackers one thing slightly totally different: a brand new sorghum-based, corn-free “popcorn” model referred to as Cob, which can compete in the identical aisle as SkinnyPop and Orville Redenbacher’s. The popcorn’s launch coincides with the announcement of a $5 million seed spherical for the startup that’s led by Djokovic.
Popcorn has grow to be a very alluring class for celebrities over the previous few years. New entrants have included Khloud Protein Popcorn backed by actuality TV star Khloé Kardashian; singer Luke Bryan’s Boldly Grown Popcorn; and Rob’s BackStage Popcorn, cofounded by the pop rock band the Jonas Brothers.
Why popcorn?
What they’re nibbling on is a rising market that’s welcoming to new manufacturers that promote bolder flavors, keep away from canola oil and synthetic butter flavors and colours, and embody claims of upper protein or low-carb formulations. The U.S. popcorn market grew by 31% to $3.5 billion over a five-year interval via 2024, in response to market researcher Mintel, and is forecasted to be valued at $3.84 billion by 2029.
“I wished to affix the model as cofounder, in addition to lead the seed spherical, to present different traders confidence in our imaginative and prescient,” says Djokovic in an emailed assertion.
[Photo: Cob]
Cob is a gluten-free snack that’s produced from the grain sorghum, which is of course wealthy in fiber, iron, and plant-based protein. The model was initially conceptualized and created by entrepreneur Jessica Davidoff, who was impressed to discover snacking alternate options that may very well be served to her son, who suffers from an allergy to corn. “My eyes have been open to only how huge corn was within the American meals system,” Davidoff tells Quick Firm.
That led her to go to a neighborhood grocery retailer in New York that promoted worldwide components and begin testing snacks that may very well be made within the kitchen that have been just like popcorn, however with out the important thing base ingredient. Davidoff felt that sorghum delivered one of the best style from all of the alternate options she examined. “It gives this new possibility for individuals who actually like popcorn however need to take the diet element up a notch,” she says.
Cob shall be bought direct-to-consumer via on-line channels together with the model’s web site, at a worth of $59.99 for a 24-pack of 1-ounce single-serve snack packs. The preliminary launch options 4 flavors, together with Mediterranean herb, and olive oil and pink salt. Davidoff says the model intends to launch extra sorghum-based merchandise sooner or later. Djokovic will function an adviser on components, formulations, and product line extensions, in addition to assist advertising and marketing and future model collaborations.
A rising pattern
More healthy popcorn manufacturers started to emerge as a drive within the class after SkinnyPop launched in 2010. The model’s pitch was that it featured solely three components: popcorn, sunflower oil, and salt. This streamlined ingredient checklist resonated with snackers, and gross sales shortly soared. The model’s father or mother firm, Amplify, was later acquired by candymaker Hershey for $1.6 billion in 2017.
Since then, newer popcorn manufacturers have promoted their use of coconut, olive, and avocado oils and have averted artificially added butters, that are most related to the microwavable manufacturers. “For individuals who actually wish to snack, popcorn is just 30 energy per cup,” says New York-based dietitian Samantha Cassetty, noting that the calorie rely is lower than what’s present in most different crunchy snacks.
Manufacturers like Cob have additionally promoted their alignment with GLP-1, one of many buzziest new traits in meals as shoppers more and more embrace GLP-1 weight-loss drugs like Ozempic and Wegovy. Cob says that sorghum is a resistant starch, that means it could naturally enhance a physique’s GLP-1 to make a snacker really feel fuller for longer. “The entire CPG [consumer packaged goods] firms are in search of methods to focus on that shopper who’s snacking much less,” Cassetty says.
Kardashian’s Khloud voraciously promotes the dietary declare of seven grams of protein per serving that’s from a mix of milk protein isolate. The popcorn model was created to faucet into three massive traits: Protein snacks are rising 3 times quicker than the market, “protein” is probably the most trending ingredient amongst millennial and Gen Z shoppers, and popcorn is the fastest-growing salty snack class, in response to Khloud CEO Jeff Rubenstein.
[Photo: Khloud]
For years, protein-packed meals tended to come back within the type of bars and shakes, ceaselessly promoted to gym-obsessed males, Rubenstein says. “We will do that extra femininely,” he says, noting the model options extra vibrant packaging that features comfortable pink and blue. “We will entice a distinct viewers to protein.”
The model debuted in April with a 60-day retail unique at Goal, and by January shall be bought in additional than 25,000 retail shops together with Kroger and Walmart. Rubenstein says Khloud has an genuine founder story with Kardashian: “She had a complete closet in her home that was devoted to only snacks. She made Khloud a purposeful snack that’s trendy.”
Djokovic was drawn to the popcorn class as a result of whereas he prefers home-cooked meals with easy components, the professional athlete travels lots with a really hectic schedule. “At Cob, we’re creating packaged meals with the identical components and recipes we’d use in our personal kitchens to permit individuals to eat effectively even after they’re away from their kitchens,” he says.
Celebrities have craved snacks as an funding alternative as a result of just like the sweetness class, they’ll promote excessive volumes and drive extra regular, repeatable buying patterns than attire or jewellery. Snacks also can generate gross revenue margins of 40% for producers, in response to Alex Kushnir, an actual and shopper companion at consultancy Baringa, who notes, “It occurs to be one of many extra worthwhile classes in meals.”
