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Global Soup Market Share, Size, Analysis, Forecast: By Category: Vegetarian, Non-Vegetarian; By Product: Liquid, Dried, Frozen, Others; By Packaging Type: Bottled, Canned, Pouched, Others; By Distribution Channel; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028

Global Soup Market Outlook

The global soup market size attained a value of USD 18.6 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 3.10% to reach USD 22.21 billion by 2028.

 

Global Soup Market

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The increasing demand for instant soup with additional nutrition, which can serve as appetisers or as a complementary side dish to proper heavy meals, is contributing to the expansion of the soup market size. Instant dry soup mixes loaded with vegetables and nutritional combinations, such as creamy potato, broccoli cheddar, pea, scallion, ginger, and mushroom, among others, are gaining traction among working population, augmenting the soup market share. Meanwhile, soups can also serve as a source of rich nutrition for school/college students or those living alone that are facing the problem of inaccessibility of healthy snacks. In this regard, the convenience and nutritional benefits offered to consumers far from home through soup are likely to expand instant soup market size.

 

Meanwhile, according to organic soup market analysis, the demand for organic soups are likely to witness a spike in the forecast period, because of the medicinal properties and rich flavours of organic soups. Innovative organic soup recipes such as green vegetables with wakame seaweed and thongweed soup and organic pumpkin with quinoa and kombu seaweed soup are rich in vitamins and minerals and can be beneficial for those suffering from high-blood pressure. Over the forecast period, the anticipated increase in prevalence of chronic blood pressure-related disorders, dementia, and metabolic syndromes, among others, is likely to expand the organic soup market size. Further, the increasing accessibility of organic soups via the e-commerce channel is bolstering the organic soup market revenue. At a regional level, in North America, the U.S. soup market accounts for a decent portion of the global soup industry market share.

 

Rising Demand for Healthy Convenience Food Boosting the Market Growth

The demand for convenience food owing to urbanisation is a significant driver for the growth of the soups market. The increasing working population and hectic lifestyles have increased the demand for healthy convenience foods, and is escalating the sale of pouched soups, which is a strong soups market segment. Increasing disposable income and the rising living standards of the urban middle class population is increasing the demand for easy ready-to-eat foods. Soups are famous not only as a healthy and nutritious alternative but also as comfort food which is usually delicious and satisfying.

 

Moreover, globalised culinary practices offer a diverse variety of soups to choose from, which is propelling the market growth. As the popularity of Asian inspired food is soaring, the popularity of ethnic soups such as Vietnamese Pho soups is also significantly increasing. In various South Asian and developing countries, soups are also considered as a representative of modernity and westernisation. The rising popularity of frozen food, especially in North America and Europe, due to its various advantages is further accelerating the growth of frozen and refrigerated foods, consequently boosting the market growth of soup.

 

The growth of distributional channels is a critical aspect of the market, as shown by the soups market research. The robust development of supermarkets, superstores, and convenience stores around the world is one of the major drivers of the market. Online retail shopping has considerably increased in the past few years. Expansion of instant delivery service platforms and surge in the purchasing power of consumers are key soup trends 2022 as they have boosted the demand for ready-to-eat soups and are aiding the market growth. As soups are also considered immunity boosters, they are witnessing healthy demand among health-conscious consumers.

 

Soup: Market Segmentation

Soup is a liquid food mostly prepared by cooking vegetables, fish, legumes, and meat, among others, with seasoning in water, milk, or any liquid medium. Soups are often slow cooked and retain the nutrition of their ingredients. They are also commonly consumed during illnesses as the consumption of soups accounts for various health benefits. They can promote digestion, enhance heart function, aid in weight loss, and strengthen bones.

 

Global Soup Market By Product

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The major categories of soup are:

  • Vegetarian
  • Non-Vegetarian

 

The market is broadly divided on the basis of product into:

  • Liquid
  • Dried
  • Instant
  • Dehydrated
  • Frozen
  • Others

 

Based on the packaging type, the market is segmented into:

  • Bottled
  • Canned
  • Pouched
  • Others

 

By distribution channel, the market is divided into:

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

 

The report looks into the regional markets of soup like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Soup Market By Region

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Increasing Health Consciousness to Bolster the Market Growth of Soup

According to soups market analysis, increasing health consciousness of consumers and healthy eating trends have led to a surge in the demand for soups, especially during the winter seasons. Soups offer a combination of both nutrition and taste without adding many calories. The increasing demand for wellness products also makes soup an obvious choice and aids the market growth. The introduction of gluten-free and organic variants has enhanced the product demand. As the emphasis on sustainability flourishes, eco-friendly soup packaging with nutritional information offered by several brands are also accelerating the growth of the market. As soups offer numerous vegan choices as well, they are popular among the vegan population, which has witnessed a significant rise in the past few years.

 

Increasing product launches, product offerings, emphasis on advertisement, and several new trends such as energy soups and functional soups are catalysing the market growth. Energy soups, usually drunk cold, are packaged in ready-to-drink bottles with a variety of ingredients, such as sweet potato and mango. Soup is an ideal platform for inculcating various functional ingredients as it is easier to incorporate numerous nutritious food, such as ginger, beans, soy, and a wide range of vegetables into one soup, and as a result, is contributing to the overall growth of the soup market.

 

Key Players in the Global Soup Market

The report presents a detailed analysis of the following key players in the global soup market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

 

  • Campbell Soup Company
  • The Kraft Heinz Company
  • Unilever PLC
  • General Mills Inc.
  • Conagra Brands Inc.
  • B&G Foods, Inc.
  • Nestlé S.A.
  • Baxters Food Group
  • The Hain Celestial Group, Inc.
  • Associated British Foods Plc
  • Others

 

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Category
  • Product
  • Packaging Type
  • Distribution Channel
  • Region
Breakup by Category
  • Vegetarian
  • Non-Vegetarian
Breakup by Product
  • Liquid
  • Dried
  • Frozen
  • Others
Breakup by Packaging Type
  • Bottled
  • Canned
  • Pouched
  • Others
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online
  • Food Service
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Campbell Soup Company
  • The Kraft Heinz Company
  • Unilever PLC
  • General Mills Inc.
  • Conagra Brands Inc.
  • B&G Foods, Inc.
  • Nestlé S.A.
  • Baxters Food Group
  • The Hain Celestial Group, Inc.
  • Associated British Foods Plc
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Soup Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Soup Historical Market (2018-2022) 
    8.3    Global Soup Market Forecast (2023-2028)
    8.4    Global Soup Market by Category
        8.4.1    Vegetarian
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Non-Vegetarian
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
8.5    Global Soup Market by Product
        8.5.1    Liquid
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Dried
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
            8.5.2.4    Breakup by Type
                    8.5.2.4.1    Instant 
                        8.5.2.4.1.1    Market Share
                        8.5.2.4.1.2    Historical Trend (2018-2022)
                        8.5.2.4.1.2    Forecast Trend (2023-2028)
                    8.5.2.4.2    Dehydrated
                        8.5.2.4.2.1    Market Share
                        8.5.2.4.2.2    Historical Trend (2018-2022)
                        8.5.2.4.2.3    Forecast Trend (2023-2028)
        8.5.3    Frozen
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Soup Market by Packaging Type
        8.6.1    Bottled
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Canned
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Pouched
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Others
    8.7    Global Soup Market by Distribution Channel
        8.7.1    Supermarkets and Hypermarkets
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Convenience Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Online
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Food Service
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Others
    8.8    Global Soup Market by Region       
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028) 
9    North America Soup Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Soup Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Soup Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Soup Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Soup Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Campbell Soup Company
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    The Kraft Heinz Company
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Unilever PLC
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    General Mills Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Conagra Brands Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    B&G Foods, Inc.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Nestlé S.A.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Baxters Food Group
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    The Hain Celestial Group, Inc.
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Associated British Foods Plc
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Soup Market: Key Industry Highlights, 2018 and 2028
2.    Global Soup Historical Market: Breakup by Category (USD Billion), 2018-2022
3.    Global Soup Market Forecast: Breakup by Category (USD Billion), 2023-2028
4.    Global Soup Historical Market: Breakup by Product (USD Billion), 2018-2022
5.    Global Soup Market Forecast: Breakup by Product (USD Billion), 2023-2028
6.    Global Soup Historical Market: Breakup by Packaging Type (USD Billion), 2018-2022
7.    Global Soup Market Forecast: Breakup by Packaging Type (USD Billion), 2023-2028
8.    Global Soup Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
9.    Global Soup Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
10.    Global Soup Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Soup Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Soup Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Soup Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Soup Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Soup Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Soup Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Soup Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Soup Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Soup Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Soup Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Soup Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Global Soup Market Structure

Key Questions Answered in the Report

The market reached a value of USD 18.6 billion in 2022.

The market is estimated to grow at a CAGR of 3.10% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 22.21 billion by 2028.

The rapid transition towards healthy and nutrition rich drinks, growing demand for convenience and ready-to-cook food products, and increasing awareness about the benefits of soup are the major drivers of the market.

The key trends in the market include the expanding online-retail sector fuelling the sale of clean-labelled soup pouches, innovations in packaging, and increasing demand from students and working population.

Vegetarian and non-vegetarian are the different categories of soup in the market.

Liquid, dried, and frozen, among others, are the various products in the market.

Yes, soups are generally considered to be healthy as they can contain nutrition of various vegetables, proteins, meat products, and culinary spices.

The packaging types of soup in the market are bottled, canned, and pouched, among others.

Campbell Soup Company, The Kraft Heinz Company, Unilever PLC, General Mills Inc., Conagra Brands Inc., B&G Foods, Inc., Nestlé S.A., Baxters Food Group, The Hain Celestial Group, Inc., and Associated British Foods Plc, among others, are the key players in the global soup market, according to the report.

Analyst Review

The global soup market attained a value of USD 18.6 billion in 2022, driven by the rising preference for convenience food. Aided by the increasing health consciousness, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.10%. The market is projected to reach USD 22.21 billion by 2028.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its categories, the soup market can be segmented into vegetarian and non-vegetarian. By product, the market is categorised into liquid, dried, and frozen, among others. On the basis of packaging type, the market is divided into bottled, canned, and pouched, among others. The market, based on the distribution channels is categorised into supermarkets and hypermarkets, convenience stores, online, and food service, among others. The major regional markets for soup are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Campbell Soup Company, The Kraft Heinz Company, Unilever PLC, General Mills Inc., Conagra Brands Inc., B&G Foods, Inc., Nestlé S.A., Baxters Food Group, The Hain Celestial Group, Inc., and Associated British Foods Plc, among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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