By 2022, the Global Soup Market is estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period.The soup market comprises of instant packaged soup that is manufactured and sold in liquid, dehydrated, instant, chilled, frozen, and ultra-high temperature soup forms.Packaged soup is designed for simple preparation with minimal time and effort. A multitude of soup varieties exist in the market, including vegetable, clear soup, chicken, fish, tomato, and mushroom.The flavour compounds for instant ramen soups are created using techniques like gas chromatography utilized with mass spectrometry and olfactometry.Today, a rapid urbanisation is growing into a greater inclination of consumers towards convenience foods that require less time and energy. Unfortunately, most of these so-called healthy packaged products are not as healthy as they claim to be. For instance, packaged soups do not carry half as many health benefits of their natural counterpart simply because nutrition cannot be stored for such a long time.As a result, the soup industry has been facing minor setbacks in recent years.
The increasing demand for convenience food, coupled with a rise in disposable incomes, drives the global soup market growth. New product launches in the soup industry ensure considerably market growth in the foreseeable future. Moreover, the rising population of working class across the globe along with their changing lifestyles is encouraging consumers to seek healthy, easy to prepare food, thereby propelling the demand for packaged soup products.
However, the addition of preservatives to increase the shelf life of soups is a major health concern among people. Further, economic uncertainties and the supply chain management are major restraints to the market growth. Packaged soups require an efficient chain supply system in addition to timely delivery, which increases the cost, thus reducing the demand.
The global soup market has been fragmented on the basis of form, type, content, sales, preparation, and distribution channel.
• Canned Soup
• Dried Soup
• Super Markets/Hyper Markets
• Convenience Stores
• Specialty Food Stores
• Online Retailers
As of 2016, the global soup market was dominated by the European region, followed by Asia Pacific and North America.In Europe, countries like Spain, the UK, and France possess great market share due to the changing lifestyles of the populace and better packaging. However, currently, Russia is the most attractive market in Europe, followed by Italy. Asia Pacific is expected to exhibit a strong growth during the forecast period owing to the growing population of working professionals. In developed countries across the globe, increase in health awareness campaigns have resulted in the demand for packaged soups that contain fresh ingredients and fewer food preservatives.
The continuous efforts of manufacturers to experiment with the taste and flavours of their products are making the global soup market a highly competitive and dynamic arena, led by prominent players such as Campbell Soup, ConAgra Foods, Kraft Heinz, Nestlé, Nissin Foods, and Unilever. Apart from these leading brands, there are also key vendors including Associated British Foods, Baxters Food Group, General Mills, Hain Celestial, Kroger, Maruchan, Premier Foods, Symington’s, and Toyo Suisan Kaisha.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage