Global Soup Market Report, Size, Share, Demand, Analysis, Growth and Forecast 2022-2027

According to IMARC Group latest report titled "Soup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on soup market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global soup market reached a value of US$ 10.8 Billion in 2021. Looking forward, IMARC Group expects the market value to reach US$ 13.2 Billion by 2027, expanding at a CAGR of 3.35% during the forecast period 2022-2027.

A soup is a flavorful and nutritious liquid generally served warm or hot. It is cooked slowly with vegetables, meat, fish, legumes, broth, milk, and other bases. It is a rich source of minerals, vitamins, and fiber with low calorie and fat content, which assist in maintaining healthy digestion, reducing weight, strengthening bones, and improving cardiovascular function. Soup is usually packed in cans, pouches, and bottles and is available in preserved, dehydrated, and frozen variants. As soups nowadays come in different flavors, they are widely consumed by individuals of all age groups as a quick snack or meal.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

In recent years, individuals have been opting for convenience, ready-to-eat (RTE) and healthy snacking options like soup due to their hectic lifestyles and busy schedules. In addition, there has been growing consumption of soups in cafes, food outlets, and restaurants owing to their high nutritional content and longer shelf life, which represents another major growth-inducing factor. Besides this, the increasing health consciousness and awareness about the adverse effects of preservatives have prompted manufacturers to introduce various organic product variants that are made using natural ingredients without any added preservatives. They are also focusing on tastes, flavors, and packaging solutions to expand their consumer base. This, coupled with the rising product availability on e-commerce platforms, is creating a positive market outlook across the globe. Furthermore, the increasing adoption of vegan and vegetarian dietary habits and the growing awareness among the masses regarding the health benefits of soups are anticipated to propel market growth in the coming years.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the top companies.

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 (2016-2021)
Market Outlook (2022-2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

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