Soup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Soup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4791
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Market Overview:

The global soup market size reached US$ 11.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.

Soup is a liquid food product that is cooked slowly to retain the nutrition of the ingredients. It is served warm and is prepared with a combination of vegetables, meat, fish, legumes, broth, milk and other bases. Soup is a rich source of various nutrients, such as vitamins, minerals, and fiber, and has low calorie and fat content. It promotes digestion, strengthens bones, enhances digestion and cardiovascular function. It also provides relief from the common cold and flu, osteoarthritis and promotes weight loss. Soups are usually stored and packed in cans, bottles and pouches and are consumed by all age groups as a snack or quick meal. They are also available in chilled, preserved, dehydrated, frozen and ultra-high temperature (UHT) variants.

Global Soup Market Report

Soup Market Trends:

The increasing demand for convenience food products across the globe is one of the key factors driving the growth of the market. Due to the hectic lifestyles and busy schedules, there is a shifting consumer preference toward ready-to-eat (RTE) and healthy snacks. Additionally, the widespread adoption of packaged soup across the food and beverage industry is providing a thrust to the market growth. Packaged soups are extensively utilized in cafes, food outlets and restaurants due to the enhanced ease of preparation, high nutritional content and longer shelf life. Moreover, various product innovations, such as the development of organic soup variants, are favoring the market growth. Organic soups are manufactured using natural ingredients and do not contain added preservatives to meet the requirements of health-conscious consumers. Other factors, including the increasing demand for soups with clean ingredients in reusable and sustainable packaging solutions, along with the increasing adoption of vegan and vegetarian dietary habits, are anticipated to drive the market toward growth.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global soup market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, category, packaging and distribution channel.

Breakup by Type:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Canned/Preserved Soup
  • Chilled Soup
  • Dehydrated Soup
  • Frozen Soup
  • UHT Soup
     

Breakup by Category:

  • Vegetarian Soup
  • Non-Vegetarian Soup
     

Breakup by Packaging:

  • Canned
  • Pouched
  • Others
     

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
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
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

Key Questions Answered in This Report

The global soup market was valued at US$ 11.2 Billion in 2022.

We expect the global soup market to exhibit a CAGR of 3.2% during 2023-2028.

The growing popularity of packaged soup to enhance ease in preparation, retain nutritional content, and provide longer shelf-life, is primarily catalyzing the global soup market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of soup.

Based on the type, the global soup market has been segmented into canned/preserved soup, chilled soup, dehydrated soup, frozen soup, and UHT soup. Among these, canned/preserved soup holds the majority of the total market share.

Based on the category, the global soup market can be divided into vegetarian soup and non-vegetarian soup. Currently, non-vegetarian soup exhibits a clear dominance in the market.

Based on the packaging, the global soup market has been categorized into canned, pouched, and others. Among these, canned packaging currently accounts for the majority of the global market share.

Based on the distribution channel, the global soup market can be segregated into supermarkets and hypermarkets, convenience stores, online stores, and others. Currently, supermarkets and hypermarkets account for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global soup market include 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.

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Soup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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