Soups market Size, Share, Sales, Growth, Revenue, Type, Application & Forecast To 2027

Soup is a type of liquid food that is prepared using vegetables, meat, fish, water, and other additives. Consumption of soup has many benefits. It is a source of nutrients, which are essential for proper functioning of the body. American Heart Association recommends that an adult should consume eight or more servings of vegetables and fruits per day. Soups can help to achieve this amount easily. The growing demand for convenience foods, increasing health awareness, introduction of new flavors in the market, and attractive advertisements by the soup manufactures are the key drivers of soups market.

Moreover, urbanization, growing disposable incomes, increase in working women population, and hectic lifestyle are further fueling the growth of soups market.  The rising awareness about health risks associated with the consumption of preservatives in ready-to-cook soups is a major restraint for soups market. However, many manufacturers are introducing products with low preservative content.

Top Key Players in Soups  market: Associated, British, Foods, Baxter’s, Food, Group, B&G, Foods, Inc., Campbell, Soup, Co., Greencore, Group, Plc., General, Mills, Inc., Nestlé, S.A., Nissin, Foods, Holdings, Co., Ltd, The, Kraft, Heinz, Company, and, Unilever, Plc.

Regional Analysis For Soups  Market:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Soups market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

Dried soup is projected to be the largest segment in the soups market, owing to the high demand for quick meals. Demand for canned soups is decreasing, owing to the increasing health awareness of consumers about the presence of preservatives in these soups and dislike for heavy metal packaging. Furthermore, consumers prefer soups, which are easier to open as compared to canned soups and come in biodegradable packaging. Hypermarkets and supermarkets are the biggest and favorable distribution channels in the soups market.

Soups Market Outlook

• Europe holds a major share in the global soups market. This is, as a result of the growing demand for high-quality meals that can be prepared in short time. The U.K., France, Russia, Spain, and Germany are the major contributors to the growth of soups market in this region.
• Asia Pacific is projected to be the fastest growing market over the forecast period, owing to the availability of a wide variety of products in the market and changing consumer preference toward healthier products. Furthermore, abundance of raw materials, especially in India and China, is further fueling the growth of soups market. The market in Asia Pacific is highly cost competitive, owing to which, many brands such as Knorr by Unilever Plc. are launching inexpensive variants in local authentic flavors to attract consumer attention.
• North America soups market is expected to witness significant growth over the forecast period. The U.S. Food and Drug Administration has imposed stringent regulations on safety of food products such as soups, which plays a pivotal role in market growth.
• In Latin America, Middle East, and Africa, increasing per capita income, health awareness, industrialization, literacy, and changing consumer preferences are projected to be the market drivers

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com 

Soup is a type of liquid food that is prepared using vegetables, meat, fish, water, and other additives. Consumption of soup has many benefits. It is a source of nutrients, which are essential for proper functioning of the body. American Heart Association recommends that an adult should consume eight or more servings of vegetables and fruits per day. Soups can help to achieve this amount easily. The growing demand for convenience foods, increasing health awareness, introduction of new flavors in the market, and attractive advertisements by the soup manufactures are the key drivers of soups market.

Moreover, urbanization, growing disposable incomes, increase in working women population, and hectic lifestyle are further fueling the growth of soups market.  The rising awareness about health risks associated with the consumption of preservatives in ready-to-cook soups is a major restraint for soups market. However, many manufacturers are introducing products with low preservative content.

Top Key Players in Soups  market: Associated, British, Foods, Baxter’s, Food, Group, B&G, Foods, Inc., Campbell, Soup, Co., Greencore, Group, Plc., General, Mills, Inc., Nestlé, S.A., Nissin, Foods, Holdings, Co., Ltd, The, Kraft, Heinz, Company, and, Unilever, Plc.

Regional Analysis For Soups  Market:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Soups market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

Dried soup is projected to be the largest segment in the soups market, owing to the high demand for quick meals. Demand for canned soups is decreasing, owing to the increasing health awareness of consumers about the presence of preservatives in these soups and dislike for heavy metal packaging. Furthermore, consumers prefer soups, which are easier to open as compared to canned soups and come in biodegradable packaging. Hypermarkets and supermarkets are the biggest and favorable distribution channels in the soups market.

Soups Market Outlook

• Europe holds a major share in the global soups market. This is, as a result of the growing demand for high-quality meals that can be prepared in short time. The U.K., France, Russia, Spain, and Germany are the major contributors to the growth of soups market in this region.
• Asia Pacific is projected to be the fastest growing market over the forecast period, owing to the availability of a wide variety of products in the market and changing consumer preference toward healthier products. Furthermore, abundance of raw materials, especially in India and China, is further fueling the growth of soups market. The market in Asia Pacific is highly cost competitive, owing to which, many brands such as Knorr by Unilever Plc. are launching inexpensive variants in local authentic flavors to attract consumer attention.
• North America soups market is expected to witness significant growth over the forecast period. The U.S. Food and Drug Administration has imposed stringent regulations on safety of food products such as soups, which plays a pivotal role in market growth.
• In Latin America, Middle East, and Africa, increasing per capita income, health awareness, industrialization, literacy, and changing consumer preferences are projected to be the market drivers

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com