Global Soup Market Overview 2022-2027:
According to IMARC Group latest report titled “Soup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on soup market demand. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global soup market reached a value of US$ 10.8 Billion in 2021. Looking forward, IMARC Group expects the market value to reach US$ 13.2 Billion by 2027, expanding at a CAGR of 3.35% during the forecast period 2022-2027.
A soup is a flavorful and nutritious liquid generally served warm or hot. It is cooked slowly with vegetables, meat, fish, legumes, broth, milk, and other bases. It is a rich source of minerals, vitamins, and fiber with low calorie and fat content, which assist in maintaining healthy digestion, reducing weight, strengthening bones, and improving cardiovascular function. Soup is usually packed in cans, pouches, and bottles and is available in preserved, dehydrated, and frozen variants. As soups nowadays come in different flavors, they are widely consumed by individuals of all age groups as a quick snack or meal.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
In recent years, individuals have been opting for convenience, ready-to-eat (RTE) and healthy snacking options like soup due to their hectic lifestyles and busy schedules. In addition, there has been growing consumption of soups in cafes, food outlets, and restaurants owing to their high nutritional content and longer shelf life, which represents another major growth-inducing factor.
Besides this, the increasing health consciousness and awareness about the adverse effects of preservatives have prompted manufacturers to introduce various organic product variants that are made using natural ingredients without any added preservatives. They are also focusing on tastes, flavors, and packaging solutions to expand their consumer base. This, coupled with the rising product availability on e-commerce platforms, is creating a positive market outlook across the globe.
Furthermore, the increasing adoption of vegan and vegetarian dietary habits and the growing awareness among the masses regarding the health benefits of soups are anticipated to propel market growth in the coming years
Explore Full Report with Table of Contents: https://www.imarcgroup.com/soup-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the top companies.
- B&G Foods Inc.
- Baxters Food Group Limited
- Blount Fine Foods
- Campbell Soup Company
- Conagra Brands Inc.
- General Mills Inc.
- Nestlé S.A.
- Ottogi Corporation
- Premier Foods Group Limited
- The Hain Celestial Group Inc.
- The Kraft Heinz Company
- Unilever plc
Soup Market Segmentation:
Our report has categorized the market based on region, type, category, packaging and distribution channel.
Breakup by Type:
- Canned/Preserved Soup
- Chilled Soup
- Dehydrated Soup
- Frozen Soup
- UHT Soup
Breakup by Category:
- Vegetarian Soup
- Non-Vegetarian Soup
Breakup by Packaging:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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