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Changing Lifestyle and Increasing Awareness of Health Consciousness Is Driving the Fat Free Soup Market
Fat Free Soup: Market OutlookThe market for fat free soup is expected to grow steadily because of the immense health benefits offered such as help in reducing weight, provides vitamins and proteins. The changing and hectic lifestyle, especially in urban area need less time to cook food and it increase in the dependency on ready to eat food has increased the demand for fat free soup.
Preserved and canned soup is anticipated to grow during forecast period. These factors will increase the demand for fat free soup in the market. Moreover, fat free soups are easily available in supermarket/hypermarket and online also. Soup is served as a quick meal and fat free soup has many health promoting ingredients such as lentils, beans, vegetable and meat which make it a power pack of nutrients. It also helps in easy digestion and boost immune system.
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Fat Free Soup: Market Segmentation
On the basis of source, the global fat free soup market can be segmented as:
Plant base
Lentil soup
Beans soup
Broccoli soup
Carrot coup
Spinach soup
other
Animal base
Chicken soup
Lamb soup
Pork soup
Beef soup
other
On the basis of type, the global fat free soup market can be segmented as:
Instant
Canned
Dehydrated
Chilled
Others
On the basis of distribution channel, the global fat free soup market can be segmented as:
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Online Retail
Others
On the basis of packaging, the global fat free soup market can be segmented as:
Pouch
Can
Box
Tetra Pack
Cup
Other
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Fat Free Soup: Key Players
Some of the key players operating in the global fat free soup are as follows-
Campbell Soup company
Unilever PLC
Heinz Classic
Kettle cuisine
Amy’s kitchen
Weight watchers
Knorr
New covent garden
general mill and many more.
Many manufactures of soup are moving towards product innovation by introducing new product variants in the existing product line, or by merging or acquiring other companies or they are opening their new manufacturing plant in different country.
For instance, in 2017, Marico entered into soup segment by selling saffola soup. Marico follow this strategy to launch healthy and in between snack. Marico also wants to add premium product in its portfolio.
In January 2017, Campbell Soup company launched a nutritious ready to serve soup, featuring ingredients such as lean protein, quinoa, and kale. Campbell is promoting health benefit of plant protein and grains this soup will have.
In December 2018, Ajinomoto made new manufacturing plant for soup and other product at Kawasaki. With this expansion, company has grown its soup business and increased the production to accommodate this growth.
In September 2018, Kettle cuisine acquired soup business from NORPAC foods. This acquisition had made its soup business more focused towards customer service and providing high quality product in the market.
Fat Free Soup: Regional analysis
Prevalence of concentrated overweight or obese population in west, mainly in the region of North America will drive the market for healthy food such as fat free soup. The European region holds the second position in fat free soup market followed by Asia Pacific and North America respectively.
In Europe region United Kingdom, France and Spain have better market share owing to the demand for fat free soup and improved packaging of soup products. In developed countries, large number of health awareness programs have bought the increased demand level for packed low-fat soup that have less preservatives and fresh ingredients. Increase in the demand level for good food which can be cooked in a short time has also elevated the development of fat free soup market in Europe region.
Asia pacific is regarded lucrative market for fat free soup due to population in developing countries such as China, India, Bangladesh, and Thailand and adopting western eating habits. Moreover, busy and hectic working schedule is anticipated to rise the demand for fat free soup in this region.
The research report presents a comprehensive assessment of the fat free soup market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as application, product type, form, nature, and sales channel.
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