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Pulished Date April, 2021
ID: 3803
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Global Soups Market By Product Type (Ready To Serve Soups, Condensed Wet Soups, Refrigerated Soups, Dehydrated Soups, Frozen Soups And Ramen), Distribution Channel (Supermarkets And Hypermarkets, Convenience Stores, Grocery Stores, Other Distribution Channels) & By Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2021 – 2026)

Pulished: April, 2021
ID: 3803
Pages: 175

Soups Market Growth and Forecast (2021-2026):

The Global Soups Market size was valued at USD 16 billion in 2021 and is supposed to reach a value of about USD 20 billion by 2026, registering a compound annual growth rate of around 3.1% over the forecast period of 2021 to 2026. The ascend in the number of product launches by the leading players, along with the addition of interesting flavors is supplementing to this market boom.

Soups Market

Market Overview:

Soup is a liquid dish made from vegetables, fish, chicken, or meat combined with other flavoring ingredients. Soups are traditionally divided into 'light' types or 'thick' types, whether vegetarian or not. Today, the common types of retail soup products available as ready-to-use soups, commonly known as RTS soups, are the most preferred soups for convenience. On the other hand, condensed wet soup needs some preparation by adding the same amount of water or liquid. Dried or dehydrated soup also requires some preparation and contains agglomerated starch that dissolves easily in hot liquids. Chilled soups have the shortest shelf life, and the base is often a mixture of mirepoix and broth made from a bouquet of herbs. Also, the soup is popular with consumers with hearty and delicious dishes that can be healthy and cheap. Eating low-density, high-energy foods, such as soups, can have long-term health and weight loss benefits.

Recent Developments in Soups Industry:

  • Nestlé has released six types of soup for one person in an instant format. MAGGI Cup-a-Licious Soups is a single secondary soup in instant form.
  • Eat24 and Uber Eats offered a new online service to serve their customers with hot soup. These factors are expected to break new ground in the future and expand market demand.
  • In 2019, Hindustan Unilever led the soup market with the Knorr brand, which represents more than half of its total participation. The company has a massive portfolio of soups in the classic, international, and instant soup categories, released primarily in small packages and individual parts.
  • Pitango partnered with Sunfed, an award-winning maker of chicken meat substitutes, to create Thai Chicken Chicken Style, a limited-edition vegan soup called 'seasonal soup'.
  • Pitango has developed Indian Lentil and Turmeric Soup, which is part of the Very Vegan Soup range, which includes three servings of vegetables per package.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

3.1%

Segments Covered

By Product Type, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Associated British Foods, Acecook Vietnam, B&G Foods, Baxters Food Group, Campbell Soup, ConAgra Foods, Frontier Soups, H.J. Heinz Co, General Mills, Nestle and Others.

Market Drivers:

Due to the changing dynamics behind this growth, companies in this sector must understand changing market trends. The industry is leading as demand for prepared foods increases and awareness of the health benefits of soups raises. The soup is rich in vitamins, minerals, nutrients, and protein. Overall demand is supposed to progress in the coming years as consumer lifestyles change and the propensity to consume healthy foods increases. Improving disposable income, urbanization, and the introduction of innovative flavors are assumed to drive global demand for soup in the future. Additionally, market demand increases as health benefits improve the workforce and the preference for processed foods increases. In addition, the movement of rural populations to urban areas in developing Asia Pacific countries, including India and China, is likely to increase the demand for soup.

Dry soup products dominated the market due to their higher content of nutrients, vitamins, minerals, and protein compared to other types of convenience soup products. Also, packaged soups are preferable to soups served in restaurants and grocery stores because of the accessibility and durability of the package. The increase in product types during the projection period, the consumption of health and wellness products and the active promotion of market participants are contributing to the growth of the global soup market. The growing demand for prepared foods will lead to the market during the evaluation period. Demand for soups around the world is increasing as the workforce changes preferences for processed foods. The soup contains ingredients such as vegetables and meat that are considered to provide various health benefits and prevent indigestion. These health benefits of soup attract many health-conscious consumers around the world.

Furthermore, the market is seen to prosper as soup consumption as meal replacements increases. The market is also launching innovative packaging and flavors for kids, further promoting market growth, and the demand for soups in North America is presumed to increase as the demand for healthier foods increases, which is a significant part of the global market. Major players' market dominance is due to high spending on promotions and other marketing activities. It also focuses on the brand awareness strategy and improves the taste and quality of the product for a competitive advantage. Instant soup is easy to prepare and is anticipated to dominate the soup market during the prediction period.

Restraints:

If the dry product contains a lot of salt and corn, the blood pressure and blood sugar levels rise, which is considered to inhibit the growth of the market, which damages the health of the individual. Moreover, the canned food supply chain is expected to be a significant limiting factor in the market. Canned products must be delivered and sold on time, otherwise, the product will be damaged or expired.

Soups Market Segmentation Analysis:

By Product Type:

  • Ready To Serve Soups
  • Condensed Wet Soups
  • Refrigerated Soups
  • Dehydrated Soups
  • Frozen Soups and Ramen

By Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Grocery Stores
  • Other Distribution Channels

Soups Market Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Europe has become the dominant local market for soup. The region has generated huge profits and is anticipated to occupy a significant market share during the forecast period. So, the soup is consumed mainly by the European and North American populations due to the high disposable income of the consumers along with the luxury lifestyle. The region's production capacity has made it a mature market. A significant factor driving the expansion of the North American soup market is that in countries like the United States and Canada, people can choose to eat right away, and are getting busier. With healthier food options, a change in the perception of soup favored fast food, and the launch of new and better flavors is expected to accelerate the growth of the North American soup market.

Markets in the Asia Pacific and other countries have growth opportunities for new sectors. Populations in developing countries, such as India, China, Thailand and Bangladesh, adopt western and living cultures. As a result, the demand for canned and dry soup products in the region may increase. Market-wide demand in the Asia Pacific, Central and South America, the Middle East and Africa is also foreseen to grow as their health awareness increases along with their busy working life.

Top Leading Company:

The CSC LP brand is one of the most active in terms of product launches. The main strategies adopted by the company in the global market are the launch of new products, contracts/associations, expansions, mergers and acquisitions.

Key Players in the Market:

Major Key Players in the Global Soups Market are

  • Associated British Foods                      
  • Acecook Vietnam                   
  • B&G Foods                
  • Baxters Food Group                              
  • Campbell Soup                         
  • ConAgra Foods                        
  • Frontier Soups                         
  • H.J. Heinz Co
  • General Mills                                  
  • Nestle    

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product Type                             

                                5.1.1 Introduction           

                                5.1.2 Ready To Serve Soups     

                                5.1.3 Condensed Wet Soups

                                5.1.4 Refrigerated Soups

                                5.1.5 Dehydrated Soups

                                5.1.6 Frozen Soups and Ramen

                                5.1.7 Y-o-Y Growth Analysis, By Product Type   

                                5.1.8 Market Attractiveness Analysis, By Product Type

                                5.1.9 Market Share Analysis, By Product Type   

                5.2 Distribution Channel                               

                                5.2.1 Introduction           

                                5.2.2 Supermarkets and Hypermarkets 

                                5.2.3 Convenience Stores            

                                5.2.4 Grocery Stores      

                                5.2.5 Other Distribution Channels            

                                5.2.6 Y-o-Y Growth Analysis, By Distribution Channel      

                                5.2.7 Market Attractiveness Analysis, By Distribution Channel    

                                5.2.8 Market Share Analysis, By Distribution Channel      

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product Type

                                                6.1.3.3 By Distribution Channel

                                6.1.4 Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product Type

                                                6.1.4.3 By Distribution Channel

                                6.1.5 Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product Type

                                                6.1.5.3 By Distribution Channel

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Associated British Foods                       

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Acecook Vietnam                    

                8.3 B&G Foods                 

                8.4 Baxters Food Group                               

                8.5 Campbell Soup                          

                8.6 ConAgra Foods                         

                8.7 Frontier Soups                          

                8.8 H.J. Heinz Co                              

                8.9 General Mills                             

                8.10 Nestle                        

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

 

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of Product Type, Distribution Channel and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Soups Market By Region, From 2021-2026 ( USD Million )
  2. Global Soups Market By Type , From 2021-2026 ( USD Million )
  3. Global Ready To Serve Soups Market By Region, From 2021-2026 ( USD Million )
  4. Global Condensed Wet Soups Market By Region, From 2021-2026 ( USD Million )
  5. Global Refrigerated Soups Market By Region, From 2021-2026 ( USD Million )
  6. Global Dehydrated Soups Market By Region, From 2021-2026 ( USD Million )
  7. Global Frozen Soups Market By Region, From 2021-2026 ( USD Million )
  8. Global Ramen Market By Region, From 2021-2026 ( USD Million )
  9. North America Soups Market By Type , From 2021-2026 ( USD Million )
  10. North America Ready To Serve Soups Market By Region, From 2021-2026 ( USD Million )
  11. North America Condensed Wet Soups Market By Region, From 2021-2026 ( USD Million )
  12. North America Refrigerated Soups Market By Region, From 2021-2026 ( USD Million )
  13. North America Dehydrated Soups Market By Region, From 2021-2026 ( USD Million )
  14. North America Frozen Soups Market By Region, From 2021-2026 ( USD Million )
  15. North America Ramen Market By Region, From 2021-2026 ( USD Million )
  16. United States Soups Market By Type , From 2021-2026 ( USD Million )
  17. Canada Soups Market By Type , From 2021-2026 ( USD Million )
  18. Europe Soups Market By Type , From 2021-2026 ( USD Million )
  19. Europe Ready To Serve Soups Market By Region, From 2021-2026 ( USD Million )
  20. Europe Condensed Wet Soups Market By Region, From 2021-2026 ( USD Million )
  21. Europe Refrigerated Soups Market By Region, From 2021-2026 ( USD Million )
  22. Europe Dehydrated Soups Market By Region, From 2021-2026 ( USD Million )
  23. Europe Frozen Soups Market By Region, From 2021-2026 ( USD Million )
  24. Europe Ramen Market By Region, From 2021-2026 ( USD Million )
  25. U.K. Soups Market By Type , From 2021-2026 ( USD Million )
  26. Germany Soups Market By Type , From 2021-2026 ( USD Million )
  27. France Soups Market By Type , From 2021-2026 ( USD Million )
  28. Italy Soups Market By Type , From 2021-2026 ( USD Million )
  29. Spain Soups Market By Type , From 2021-2026 ( USD Million )
  30. Asia Pacific Soups Market By Type , From 2021-2026 ( USD Million )
  31. Asia Pacific Ready To Serve Soups Market By Region, From 2021-2026 ( USD Million )
  32. Asia Pacific Condensed Wet Soups Market By Region, From 2021-2026 ( USD Million )
  33. Asia Pacific Refrigerated Soups Market By Region, From 2021-2026 ( USD Million )
  34. Asia Pacific Dehydrated Soups Market By Region, From 2021-2026 ( USD Million )
  35. Asia Pacific Frozen Soups Market By Region, From 2021-2026 ( USD Million )
  36. Asia Pacific Ramen Market By Region, From 2021-2026 ( USD Million )
  37. Japan Soups Market By Type , From 2021-2026 ( USD Million )
  38. China Soups Market By Type , From 2021-2026 ( USD Million )
  39. India Soups Market By Type , From 2021-2026 ( USD Million )
  40. Australia Soups Market By Type , From 2021-2026 ( USD Million )
  41. South Korea Soups Market By Type , From 2021-2026 ( USD Million )
  42. Latin America Soups Market By Type , From 2021-2026 ( USD Million )
  43. Latin America Ready To Serve Soups Market By Region, From 2021-2026 ( USD Million )
  44. Latin America Condensed Wet Soups Market By Region, From 2021-2026 ( USD Million )
  45. Latin America Refrigerated Soups Market By Region, From 2021-2026 ( USD Million )
  46. Latin America Dehydrated Soups Market By Region, From 2021-2026 ( USD Million )
  47. Latin America Frozen Soups Market By Region, From 2021-2026 ( USD Million )
  48. Latin America Ramen Market By Region, From 2021-2026 ( USD Million )
  49. Brazil Soups Market By Type , From 2021-2026 ( USD Million )
  50. Argentina Soups Market By Type , From 2021-2026 ( USD Million )
  51. Mexico Soups Market By Type , From 2021-2026 ( USD Million )
  52. Rest of Latin America Soups Market By Type , From 2021-2026 ( USD Million )
  53. Middle East and Africa Soups Market By Type , From 2021-2026 ( USD Million )
  54. Middle East and Africa Ready To Serve Soups Market By Region, From 2021-2026 ( USD Million )
  55. Middle East and Africa Condensed Wet Soups Market By Region, From 2021-2026 ( USD Million )
  56. Middle East and Africa Refrigerated Soups Market By Region, From 2021-2026 ( USD Million )
  57. Middle East and Africa Dehydrated Soups Market By Region, From 2021-2026 ( USD Million )
  58. Middle East and Africa Frozen Soups Market By Region, From 2021-2026 ( USD Million )
  59. Middle East and Africa Ramen Market By Region, From 2021-2026 ( USD Million )
  60. Middle East Soups Market By Type , From 2021-2026 ( USD Million )
  61. Africa Soups Market By Type , From 2021-2026 ( USD Million )

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