According to IMARC Group latest report titled “Soup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on soup industry share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global soup market size reached US$ 11.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.
Soup is a liquid dish typically served hot and consists of a combination of ingredients such as vegetables, meat, seafood, grains, and legumes. It has been a part of human cuisine for thousands of years and has been used as a means of nourishment, comfort, and healing throughout history. It is a versatile dish that can be prepared in various ways, from simple broths to thick, hearty stews. It can be served as a main course or an appetizer, often accompanied by bread or crackers. It can be made from scratch or purchased pre-made and customized to suit individual tastes and preferences. Some of the benefits of soup include its ability to provide a nutrient-dense meal that is low in calories, ease of digestion, and versatility. Whether enjoyed on a cold winter day or as a light summer meal, soup is a comforting and satisfying dish that has stood the test of time.
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Market Trends:
The global market is majorly driven by the increasing demand for convenient and ready-to-eat meals. In line with this, the rising popularity of plant-based and organic soups is significantly contributing to the market growth. Furthermore, the growing awareness about the health benefits of consuming soups is positively influencing the market. Apart from this, the key companies are constantly introducing new flavors and varieties of soup to cater to the changing consumer preferences and to stay competitive in the market. Moreover, the escalating pace of modern life is leading to a demand for quick and easy meal options, with soup being a popular choice. As individuals become more health-conscious, there is an increasing demand for low-fat, low-calorie, and nutrient-dense food options, which, in turn, is catalyzing product demand. Besides, the inflating disposable incomes in emerging economies have led to a growing demand for premium and high-quality soup products. In addition, the rising demand for easy-to-digest and nutrient-dense products, especially among the aging population, is providing a boost to product sales worldwide.
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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
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 (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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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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