Soup Market Size was valued at USD 18.26 billion in 2022, and is expected to reach USD 23.50 billion by 2030, and grow at a CAGR of 3.2% over the forecast period 2023-2030.
Soup is a fluid food which is served warm and viewed as the main course of a dinner and great canapés. Soup is arranged utilizing fixings like meat and vegetables with stock, juice, water and different fluids. It is additionally made by bubbling or stewing meat, fish, or vegetables with different added fixings and frequently containing strong pieces. Customarily soups are arranged into two primary gatherings' unmistakable soups and thick soups. Business soup became well known with the innovation of canning in nineteenth 100 years.
Soup is a scrumptious and nutritious feast which are high in vitamin A, B, K, C, cream soups are plentiful in vitamin D, and soups are low in fat settling on them a best decision for the people who favor a solid eating regimen as it has high extent of water in it. It is the least demanding method for adding vegetables to your everyday dinner. Eating hot/warm soup can assist with clearing the sinuses with steam.
Vegetable soups are low in calories and high in supplements, and helps your vegetable admission, while non veg soup help treating the actual illnesses, and helps in eliminating microscopic organisms in throat, mouth and tonsils.
Driving Factors:
The expanded interest for accommodation food sources.
Developing attention to the medical advantages of soups.
Restraining Factor:
The canned food production network.
Severe guideline and item owed to the presence of hurtful substances.
Opportunities:
The presentation of new items with extra flavors and fixings that are well known among the youthful populace.
Bundling offers an expanded time span of usability to soup and doesn't respond with food material inside.
Challenges:
The rising inclination for flavors over fixings.
Recognition of the admission of intense usage of corn starch brings about high glucose level by diet-conscious consumer.
Online retail shopping has impressively expanded in the beyond couple of years, particularly during the COVID-19 pandemic. It supported the interest for prepared to-eat soups and is helping the business development.
As soups are likewise viewed as invulnerability sponsors, they are seeing sound interest during the pandemic. Alarm purchasing because of the cross country lockdown in numerous nations likewise added to the market development.
By Type:
Canned/Preserved Soup
Chilled Soup
Dehydrated Soup
Frozen Soup
UHT Soup
By Category:
Vegetarian Soup
Non-Vegetarian Soup
By Packaging:
Canned
Pouched
Others
By Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others
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In light of Product, the market is fragmented into Canned, Dried, UTH (Ultra-high Temperature Processing), and others. Canned soup can be consolidated, in which case it is ready by adding water (or once in a while milk), or it very well may be "prepared to-eat," in which case no additional fluid is expected before utilization.
In view of Distribution Channel, the market is divided into Supermarkets and Hypermarkets, Convenience Stores, and Online. The general stores and Hypermarkets fragment is supposed to hold the biggest piece of the pie.
By Packaging, the parcels section represented the most elevated share in the worldwide bundled soup market. The parcels fragment incorporates pocket and cup.
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Based on Geography, The Global Soup Market is ordered into North America, Europe, Asia Pacific, and the Rest of the world. Inferable from the accessibility of a bigger client base for canned soups in Europe, the locale is probably going to have the biggest portion of the market. In Europe, the U.K. also, Russia are driving shoppers of soup attributable to the always developing populace and handled food utilization in these areas is high.
Major company profiles included in soup market are Ajinomoto co., inc., B&g foods inc., Campbell soup company, Conagra brands, inc., General mills inc., Kettle cuisine, llc,, Nestle s. A., The hain celestial group, The kraft heinz company, Unilever plc.
Campbell soup company-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 18.26 Billion |
| Market Size by 2030 | US$ 23.50 Billion |
| CAGR | CAGR 3.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (canned/preserved soup, chilled soup, dehydrated soup, frozen soup, UHT soup) • by distribution channel (supermarket/hypermarket, convenience stores, online retail store, other distribution) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Ajinomoto co., inc., B&g foods inc., Campbell soup company, Conagra brands, inc., General mills inc., Kettle cuisine, llc,, Nestle s. A., The hain celestial group, The kraft heinz company, Unilever plc. |
| Key Drivers | •The expanded interest for accommodation food sources. •Developing attention to the medical advantages of soups. |
| Restraints | •The canned food production network. •Severe guideline and item owed to the presence of hurtful substances. |
Ans: Dried products segment is projected to make a foothold in the worldwide Soup market.
Ans: Developing attention to the medical advantages of soups and bundling offers an expanded time span of usability to soup and doesn't respond with food material inside are the elements driving and resulting in opportunities for the Soup market.
Ans: Type, Category, Packaging, and Distribution Channel segments are covered in the Soup Market.
Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Ans: Global Soup Market Size was valued at USD 17.7 billion in 2021.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. Pest analysis
8. Global Soup market segmentation, by Types
8.1 Canned/Preserved Soup
8.2 Chilled Soup
8.3 Dehydrated Soup
8.4 Frozen Soup
8.5 UHT Soup
9. Global soup market segmentation, by Category:
9.1 Vegetarian Soup
9.2 Non-Vegetarian Soup
10. Global Soup market segmentation by Packaging:
10.1 Canned
10.2 Pouched
10.3 Others
11. Global Soup market segmentation by Distribution Channel:
11.1 Supermarkets and Hypermarkets
11.2 Convenience Stores
11.3 Online Stores
11.4 Others
12. Global Soup market, by region/ country
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company profiles
13.1 Ajinomoto co., inc.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 Swot Analysis
13.1.4 The SNS View
13.2 B&g foods inc.
13.3 Campbell soup company
13.4 Conagra brands, inc.
13.5 General mills inc.
13.6 Kettle cuisine, llc
13.7 Nestle s. A.
13.8 The hain celestial group
13.9 The kraft heinz company
13.10 Unilever plc
14. Competitive Landscape
14.1 Competitive Bench Marking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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