With the growing workforce, an increase in working women, a fast-paced lifestyle, urbanization, and Western influence, as well as higher per capita spending on processed foods, the demand for soup industry increases. The rising demand for processed food products in both developed & developing nations is contributing to the expansion of the market.
Markntel Advisor’s Global Soup Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Soup Market drivers, barriers, Soup Technology Trends, and Key Players in Global Soup Market.
Key Takeaways from the Report:
- As per Markntel Advisors estimates, the North American region holds the largest share and is expected to flourish in the upcoming years, this is because the soups are a customary food item in many households.
- Based on the Distribution Channel, Supermarkets/Hypermarkets occupy a prominent position in the Soup Market. These types of retail stores are extensive in size, offering diverse merchandise, such as groceries, household products, and consumer goods to consumers.
- Notable Soup companies such as General Mills, Nestle SA, Unilever, Baxters Food Group Ltd., The Kraft Heinz Company, The Campbell Soup Company, Ottogi Corp., Asahi Group Holdings, Upton’s Naturals, Hain Celestial, Capital Foods Ltd., Tideford Organics, Mars, Inc., and Others are currently operating in the growing industry.
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Soup Overview
Soup is a warm liquid cuisine commonly served as an appetizer or first course. It is typically made using vegetables and meat with juice, water, and stock, among other ingredients. Traditionally, there are two primary types of soups, clear soups and thick soups.
Soup Market Insights
According to the recent report published by Markntel Advisors, the Global Soup industry size was valued at USD 11.28 billion in 2023 & is estimated to reach USD 16.25 billion by 2030. Along with this, the market is estimated to register a CAGR of 3.85% during the forecast period, 2025-30. North America Soup industry acquired the highest market shares, by increasing diverse options for its growing population. Moreover, the strong retail network in North America fosters increased consumer engagement, driving market growth for soup manufacturers.
Soup Market Dynamics
The Soup Market is seeing growth due to increasing demand for instant soups that offer added nutrition and can be used as a side dish or appetizer with heavier meals. Dry soup mixes loaded with vegetables, like creamy potato, broccoli cheddar, pea scallion ginger mushroom, are gaining popularity among working individuals and boosting the overall market share. Moreover, soups also serve as a source of rich nutrition for individuals who struggle to access healthy snacks. Thus, the convenience and nutritional benefits offered through these instant options are also aiding in enhancing the market share in the coming years.
Soup Market Segmentation:
- Soup Market By Product Type: Canned, Dehydrated, UHT, Others (Meal Kits, etc.)
- Soup Market By Category: Vegan/Vegetarian, Non Vegetarian
- Soup Market By Distribution Channel: Hospital Pharmacies, Medical Retail Stores, Online Stores, Others (Rehabilitation Centers, Physical Therapy Clinics, etc.)
- Soup Market By Region: North America, South America, Europe, the Middle East and Africa, and Asia-Pacific
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Future Outlook of the Soup Industry
As per the analytical report published by Markntel Advisors, the Soup industry is anticipated to grow & flourish during the forecast period as the above-stated factors are changing the market landscape and opening doors to the market players. Market players can enhance their market size & revenue by meeting the changing market dynamics and evolving consumer expectations. Additionally, market players with the help of SWOT analysis can adjust their existing settings regarding the evolving market trends, which would ultimately augment the size & volume of the entire industry at the Global level.
Why Markntel Advisor Report?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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