Europe Packaged Soup Market

Europe Packaged Soup Market Growth and Forecast (2023 - 2028):

The Europe Packaged Soup Market is worth $ xx million in 2022 and is expected to grow to $ xx million by the end of 2028 with a compound annual rate of xx% between 2023 and 2028.

Product Description:

Packaged soup is the kind of prepared foods which is an instant soup specially designed for easy and quick preparation. It comes in flexible packaging that keeps it fresh and safe from filling to final dispensing with aseptic packaging technology. Packaged soups are manufactured on a large scale basis, there are many flavors, types, and styles of packaged soups that are sold on the market through a variety of distribution channels. They are frozen, dried, dried, canned and contain no water, with the addition of preservatives, dried legumes, and spices. It is prepared by boiling in water, has a large amount of cornmeal for a thick consistency, and is often taken as a first course.

Market Growth:

Increasing consumer demand for convenience foods, product innovation and quick service restaurants are leading the Europe Packaged Soup market.

Recent Developments:

• In April 2019, Kettle Cuisine acquired Harry’s Fresh Foods, a custom food manufacturer. The acquisition expanded Kettle Cuisine's manufacturing space and further enhanced its capabilities.

Drivers:

The market is growing with growing consumer demand for prepared foods, including packaged soups around the region. Additionally, the growth of the Europe Packaged Soup market is accelerating even further as the number of quick-service restaurants increases. The consumer paradigm shift from traditional homemade soup to ready-to-eat canned soup is one of the key factors driving the market for Europe Packaged Soup across different demographics. Manufacturers of canned soups are actively bringing new products to market to meet nutritional requirements and different taste preferences. The combination of advances in food and packaging technology to improve shelf life and innovation and the introduction of new regional flavored organic canned soups is expected to increase sales in the Europe Packaged Soup market. The growing trend for ready-to-eat soups is driving the Europe Packaged Soup market growth as consumers adopt healthier eating habits. High demand for ready-to-eat foods, rapid changes in consumer food preferences, and growing health concerns are driving the growth of the Europe Packaged Soup market. Canned soup is a convenient ready-to-eat food that is available in the Europe Packaged Soup market. Processing canned soup is easy and takes less time to prepare. Additionally, the growing demand for Packaged Soup products is increasing as the preference for processed foods increases due to the growing workforce and health benefits. Additionally, as the region's rural population moves to cities, demand for a variety of consumer goods is expected to increase, which is expected to drive the growth in the Europe Packaged Soup market over the forecast period. The shelf life of canned soup is the time it takes to break down into an unpleasant taste. Shelf-life ingredients added to Packaged Soup products slow down the breakdown process of food and make food last longer. Long-shelf-life ingredients also help ease congestion in food logistics, keep Packaged Soup in frozen areas, and increase consumer confidence in food stability. Consumers know their diet best. Health benefits such as improved immunity, reduced calorie intake, and high protein intake are other factors expected demand for the product. Also, Packaged Soup with a long shelf life are rich in nutrients, minerals, vitamins, and protein. Also, packaged soups are primarily preferred over soups served in restaurants and restaurants due to the durability of the package and its easy accessibility. Therefore, consumer propensity for nutrient-based Packaged Soup drives market growth. Nonetheless, the increasing number of consumers seeking vegan products and the rapid growth of online retail platforms are expected to provide tremendous opportunities for the growth of the European packaged soup market.

Restraints:

However, growing consumer awareness of the harmful effects of artificial preservatives added to packaged soups is expected to hamper the Europe Packaged Soup market growth. Packaged Soup do not provide half the health benefits of natural soups. Nutrients are not expected to be stored for as long and not processed, which will hinder the growth of the Europe Packaged Soup market.

Market Segmentation Analysis:

By type of product, the Europe Packaged Soup market is segmented into dry and wet. The wet segment is expected to show significant growth in terms of sales value during the forecast period.

By end user, the Europe Packaged Soup market is segmented into the furniture segment and the commercial segment. In the market for packaged soups in 2021, the domestic sector accounted for the largest market share. This is especially due to the growing demand for convenience foods, including packaged soup, in the domestic sector due to the busy life of the working class. This is due to the paradigm shift from consumers from traditional handmade soups to bottled water professionals in different demographic groups.

By packaging, the Europe Packaged Soup market is segmented into Bottles, Canned and Packets. The canned segment is expected to show significant growth over the forecast period. This is because canned packages increase the shelf life of the soup and do not react with internal foods that do not affect the original taste. In addition, the cans provide great flexibility due to their strong and rigid nature, so they retain their original shape even under heavy impacts, avoiding overflows and facilitating transport. This, in turn, is expected to provide tremendous opportunities for canned soups on the market in terms of sales value over the forecast period.

By distribution channel, the Europe Packaged Soup market is segmented into supermarket / hypermarket, online store, convenience store, food service and others. The supermarkets / hypermarkets segment held the largest market share in the world market for canned soup. Hypermarkets / supermarkets are gaining popularity due to the availability of various consumer goods, large parking spaces, and convenient hours of operation under one roof.

Impact of COVID 19 on the Europe Packaged Soup Market:

The COVID-19 pandemic has had a positive impact on the Europe Packaged Soup market. This is due to consumers around the world who continue to buy food, including packaged foods like packaged soup. This is due to the growing number of COVID-19 cases and the consumer belief that packaged soups have a longer shelf life, are healthier, can be stored longer, and often cannot come out. This, in turn, increases global demand for packaged soup, which has a positive impact on the growth of the Europe Packaged Soup market.

Regional Analysis:

Europe Packaged Soup had the largest market share in 2021, this is due to an increasing number of busy lifestyles seeking the convenience of ready-to-eat foods that consumers in the region can consume or require less preparation time. Increasing cases of obesity and health awareness campaigns in the UK region have generated a demand for packaged soups containing fresh, natural ingredients with minimal preservative content. With the increased consumption of packaged soups, the market for Packaged Soup has paved the way for manufacturers to expand their product range with health claims as well as more flavors and flavors in the German region. Because the Spanish soup market is well established the region's self-sufficient production capacity has made it a potential Packaged Soup market for foreign soup manufacturers to expand their business with a variety of packaging technologies, including canning. Increased consumption of health and wellness products, increased product varieties and active promotion of market participants are contributing to the growth of the packaged soups market on the French market during the forecast period.

Top Leading Company:

The key players in the Europe Packaged Soup includes ConAgra Inc., Nestlé, The Hain Celestial Group, General Mills., KETTLE CUISINE, LLC, Campbell Soup Company, B&G Foods, Inc., Unilever., Ajinomoto Co., Inc., and The Kraft Heinz Company.