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Press Release:

Global Soup Market to Reach US$ 13.2 Billion by 2027, Bolstered by Introduction of Organic Variants

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Soup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

 

 
 

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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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global soup market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, category, packaging and distribution channel.

Breakup by Type:

 

 
 

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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 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
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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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)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Soup Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Canned/Preserved Soup
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Chilled Soup
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Dehydrated Soup
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Frozen Soup
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    UHT Soup
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Category
    7.1    Vegetarian Soup
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Non-Vegetarian Soup
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Packaging
    8.1    Canned
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Pouched
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Distribution Channel
    9.1    Supermarkets and Hypermarkets
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Convenience Stores
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Online Stores
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Others
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    B&G Foods Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
        15.3.2    Baxters Food Group Limited
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Blount Fine Foods
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Campbell Soup Company
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Conagra Brands Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    General Mills Inc.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Nestlé S.A.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Ottogi Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Premier Foods Group Limited
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    The Hain Celestial Group Inc.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    The Kraft Heinz Company
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Unilever plc
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials

List of Figures

Figure 1: Global: Soup Market: Major Drivers and Challenges
Figure 2: Global: Soup Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Soup Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Soup Market: Breakup by Type (in %), 2021
Figure 5: Global: Soup Market: Breakup by Category (in %), 2021
Figure 6: Global: Soup Market: Breakup by Packaging (in %), 2021
Figure 7: Global: Soup Market: Breakup by Distribution Channel (in %), 2021
Figure 8: Global: Soup Market: Breakup by Region (in %), 2021
Figure 9: Global: Soup (Canned/Preserved Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Soup (Canned/Preserved Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Soup (Chilled Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Soup (Chilled Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Soup (Dehydrated Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Soup (Dehydrated Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Soup (Frozen Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Soup (Frozen Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Soup (UHT Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Soup (UHT Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Soup (Vegetarian Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Soup (Vegetarian Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Soup (Non-Vegetarian Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Soup (Non-Vegetarian Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Soup (Canned) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Soup (Canned) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Soup (Pouched) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Soup (Pouched) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Soup (Other Packaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Soup (Other Packaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Soup (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Soup (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Soup (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Soup (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Soup (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Soup (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Soup (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Soup (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Soup Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Global: Soup Industry: SWOT Analysis
Figure 87: Global: Soup Industry: Value Chain Analysis
Figure 88: Global: Soup Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Soup Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Soup Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Soup Market Forecast: Breakup by Category (in Million US$), 2022-2027
Table 4: Global: Soup Market Forecast: Breakup by Packaging (in Million US$), 2022-2027
Table 5: Global: Soup Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: Global: Soup Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Soup Market: Competitive Structure
Table 8: Global: Soup Market: Key Players

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Key Questions Answered in This Report

The global soup market was valued at US$ 10.8 Billion in 2021.

We expect the global soup market to exhibit a CAGR of 3.35% during 2022-2027.

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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