According to IMARC Group latest report titled “Soup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on soup market demand. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global soup market size reached US$ 11.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.
Soup is a fundamental culinary dish found in nearly every culture worldwide, characterized by its liquid base. It is typically prepared by combining ingredients such as vegetables, meat, or fish with stock, juice, water, or another liquid. Soups are classified into two main categories: clear soups and thick soups. Clear soups, such as broths and consommés, are prepared by simmering these ingredients to extract flavor and nutrients. Thick soups often incorporate creams or thickening agents, such as roux or pureed vegetables, which lend a creamy texture and richer flavor profile. Some examples include chowders, bisques, and veloutés. The preparation of soup can serve various purposes, from maximizing the use of leftover ingredients to providing a nutritious meal option that can be easily digested. Soups are particularly valued for their warmth and comforting properties, making them a popular choice in colder climates and during winter months. Moreover, their versatility allows for an infinite variety of ingredients and spices, making each soup unique to its cultural or regional origin.
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Market Trends:
The increasing consumer demand for convenience foods is driving the global market. Additionally, health trends significantly influence market dynamics. There is a rising awareness of nutritional benefits among consumers, pushing manufacturers to innovate and expand their product lines to include options that are low in calories, organic, free from artificial additives, and enriched with essential nutrients. This health-centric shift is particularly evident with the introduction of soups that cater to specialized diets such as keto, vegan, and gluten-free. Another driver is the global expansion of retail channels, especially in emerging markets. The availability of soups through various retail formats, including supermarkets, hypermarkets, and online stores, enhances consumer access to these products, thus driving sales. Moreover, cultural factors and regional tastes also play crucial roles in shaping the soup market. Emerging innovation in packaging technology has also supported market growth, with improvements that extend the shelf life of products without compromising quality, thus appealing to consumer preferences for fresh and safe food. Companies are increasingly adopting eco-friendly packaging solutions to attract environmentally conscious consumers.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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
- Unilever plc
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Soup Market Segmentation:
Our report has categorized the market based on region, type, category, packaging and distribution channel.
Breakup by Type:
- 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:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
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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