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 trends. 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.
Soup is a liquid food product containing the soluble nutrients and the flavor of meat, fish, poultry, vegetables, or cereals. It is a rich source of healthy fibers that helps in digestion and weight loss. Its regular consumption also boosts immunity and strengthens bones, due to which it is gaining widespread prominence among individuals.
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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.
The global market is majorly driven by the increasing demand for healthy food products among the masses. Due to the hectic lifestyles led by individuals, there has been a considerable shift in the preference for instant and ready-to-eat soup, which is positively influencing the market growth. Moreover, the introduction of organic soup with innovative flavors that are prepared from natural ingredients with no preservatives is also expected to propel the market growth. Other factors, including the rising demand for vegan product variants and the easy product availability via online and offline organized retail channels, have also provided an impetus to the market growth.
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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