Soup Market Size & Forecast Report, 2015 - 2025

Synopsis:

The scope of the global Soup Market was prized by US$ 16.1 billion in 2018 and is estimated to reach USD 19.8 billion by 2025, with a CAGR of 3.0% during the period of forecast. The soup is liquid nourishment usually served as a speedy meal in hot conditions.

This offers several fitness paybacks owing to the existence of numerous fitness endorsing elements for example vegetables, lentils, beans, and meat. As such, it becomes a powerhouse of nutrients, minerals, and vitamins. Soup benefits in increasing levels of immunity, along with averting abdominal infection, and confirms fit digestion.

Drivers:

The business is motivated by the growing demand for convenience nutrition and increasing alertness concerning the fitness profits of soups. These are rich in protein, minerals, nutrients, and vitamins. Altering the standard of living of the customers and growing preference for the ingestion of fit nourishment products are likely to boost the general demand during the period of the following few years.

Growth in per head earnings, suburbanization, and the presentation of new tastes are moreover estimated to motivate the global demand for soup during the upcoming years. Furthermore, the number of salaried people and growing favorites for treated diet owing to its fitness paybacks are increasing the demand for it in the market. Furthermore, the migration of countryside people to the metropolitan zones in the emerging nations of Asia Pacific, comprising China and India is likely to upsurge the demand for it.

Classification:

The global soup market can be classified by Delivery Network, Product, Packaging, and Region. By Delivery Network, it can be classified as Online Network, Hypermarkets, Supermarkets, and Convenience Stores. By Product, it can be classified as UTH, Canned, Dried, Instant, Dehydrated, Preserved, Canned, Frozen, Canned, and Others. Packaging can be classified as Pouched, Canned, and Other Packaging.

Regional Lookout:

By Region, the global soup industry can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Europe was the leading local market for soups. The state posted a profit of US$ 6.4 billion in 2018. It is expected to constitute the most important share during the period of forecast. North America held the subsequent biggest share of the market in 2018 (30.0%). Hence, these are generally consumed by the European and North American people because of the progressive way of life and the greater per head earnings of the customers.

The Asia Pacific market and the rest of the world are open to innovation. People in the emerging nation-state, comprising Bangladesh, Thailand, China, and India, are accepting western values of working and living. This, sequentially, can increase the demand for dried and canned soup products within these areas. Furthermore, increasing alertness about fitness, together with a hectic working lifestyle, is likely to upsurge the demand for it in the markets of Central & South America, the Middle East & Africa, and the Asia Pacific.

Companies:

The manufacturing companies are evolving new-fangled products as per the most recent likings of the customer for fitness benefits and taste, to obtain a bigger share of the market.

Some of the important companies for the soup market are Baxter’s Food Group Limited, Bear Creek Country Kitchens LLC, TSC Foods, Nestlé, Campbell Soup Company, and Associated British Foods PLC. Additional notable companies are Kraft Heinz Canada, Unilever Food Solutions, CSC BRANDS LP, General Mills Inc., Con Agra Brands Inc., Symington's Ltd., Premier Foods, Hain Celestial, Kettle Cuisine LLC, The Original Soup man, The Kroger Co., AMY's Kitchen Inc., Maruchan Inc., and others.

Market Segment:

Soup Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Canned
    • Dried
    • UTH
    • Others

Soup Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Supermarkets/Hypermarkets
    • Convenience Stores
    • Online

Soup Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • India
        • China
    • Central & South America
        • Brazil
    • Middle East & Africa