Global Dried Soup Market to Reach US$ 16.6 Billion by 2032, Induced by Introduction of Organic Products

January 14, 2020 | Food & Beverages

According to the latest report by IMARC Group, titled “Dried Soup Market Report by Product Type (Dehydrated Dried Soup, Instant Dried Soup), Type (Vegetarian Soup, Non-Vegetarian Soup), Preparation (Regular, Organic), Packaging Type (Cups, Pouches, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Grocery Stores, Direct Sales, Online Stores, and Others), and Region 2024-2032,” the global dried soup market size reached US$ 12.5 Billion in 2023. Dried soup is prepared by drying or dehydrating the ingredients, along with adding pre-gelatinized starch, sugar, guar and xantham gum, preservatives and flavoring agents. The most common method used in the manufacturing of dried soup is freeze-drying. This process minimizes the weight of the food product by removing the water content without affecting the nutritional value, thereby making its transportation and storage more efficient. In recent years, the demand for dried soup has increased as it is shelf-stable and can be stored without the need for refrigeration.

Global Dried Soup Market Trends:

The dried soup consists of grains, eggs, meat and vegetables and offers several health benefits, such as reducing the chances of infections and boosting energy levels. This, along with the evolving dietary preferences and hectic lifestyles of consumers, is encouraging them to adopt food products that are convenient to prepare. As a result, many food and beverage companies are offering ready-to-eat or instant soups as a quick meal or snack option. Also, as people are becoming more health-conscious, they are becoming more inclined toward organic dry soups that are prepared with fewer or no preservatives. Moreover, the leading manufacturers are launching international varieties, such as Thai curry and Korean spicy vegetable soups in Western countries, to attract and expand their consumer base. Some of the other factors propelling the growth of the market are innovative product packaging and expansion of organized distribution channels. Looking forward, the market value is projected to reach US$ 16.6 Billion by 2032, expanding at a CAGR of 3.1% during 2024-2032.

Market Summary:

  • Based on the product type, the market has been segmented as dehydrated and instant dried soup. Dehydrated soups dominate the market, holding the largest market share.
  • On the basis of the type, the market has been bifurcated into vegetarian and non-vegetarian soups. Currently, vegetarian soups are the most preferred type across the globe. 
  • The market has been categorized based on the preparation into regular and organic products. At present, regular dried soup accounts for the majority of the global market share.
  • On the basis of the packaging type, the market has been classified into cups, pouches and others., Amongst these, pouches hold the leading position in the market.
  • Based on the distribution channel, dried soup is majorly distributed through supermarkets and hypermarkets. Other major distribution channels are convenience stores, grocery stores, direct sales, online stores and others.
  • Region-wise, Europe exhibits a clear dominance in the market. Other major regions include Asia Pacific, North America, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been examined, with some of the key players being Associated British Foods plc, B&G Foods, Inc., Baxters Food Group Limited, Campbell Soup Company, Shandong Subo Food Co., Ltd., Frontier Soups, General Mills Inc., Hain Celestial Group, Inc., House Foods Group Inc., Kraft Heinz Company, Kroger Co., Nestlé SA, Nissin Foods Holdings Co., Ltd., NK Hurst Company, Inc., Unilever plc/NV and Premier Foods plc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Type, Preparation, Packaging Type, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Associated British Foods, B&G Foods, Baxters Food Group, Campbell Soup, Subo Foods, Frontier Soups, General Mills, Hain Celestial, House Foods Group, Kraft Heinz, Kroger, Nestlé, Nissin Foods, NK Hurst Company, Unilever and Premier Foods
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Global Dried Soup Market to Reach US$ 16.6 Billion by 2032, Induced by Introduction of Organic Products
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