Global Soup Market to Reach US$ 16.5 Billion by 2032, Bolstered by Introduction of Organic Variants

March 14, 2022 | Food & Beverages

The latest report by IMARC Group, titled “Soup Market Report by Type (Canned/Preserved Soup, Chilled Soup, Dehydrated Soup, Frozen Soup, UHT Soup), Category (Vegetarian Soup, Non-Vegetarian Soup), Packaging (Canned, Pouched, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, and Others), and Region 2024-2032,” finds that the global soup market reached a value of US$ 11.7 Billion in 2023. 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. 

Global Soup Market Trends:

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. Looking forward, IMARC Group expects the market value to reach US$ 16.5 Billion by 2032, expanding at a CAGR of 3.7% during the forecast period (2024-2032).

Market Summary:

  • Based on the type, the market has been segmented into canned/preserved, chilled, dehydrated, frozen, and UHT soups.
  • On the basis of the category, the market has been bifurcated into vegetarian and non-vegetarian soup.
  • Based on the packaging, the market has been classified into canned, pouched, and others.
  • On the basis of the distribution channel, the market has been categorized into supermarkets and hypermarkets, convenience stores, online stores, and others. 
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. 
  • The competitive landscape of the market has been examined, with some of the key players being B&G Foods Inc., Baxters Food Group Limited, Blount Fine Foods Corp., 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, and Unilever PLC.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023 
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Category, Packaging, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 and Unilever plc
Customization Scope 10% Free Customization
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Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Soup Market to Reach US$ 16.5 Billion by 2032, Bolstered by Introduction of Organic Variants
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