Markntel Advisors’ report, Soup Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Soup presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Soup Market Research Report & Market Summary:
The Global Soup Market size was valued at USD 11.28 billion in 2023 & is estimated to reach USD 16.25 billion by 2030. Along with this, the market is estimated to register a CAGR of 3.85% during the forecast period, 2025-30. The rising demand for processed food products in both developed & developing nations is contributing in the expansion of the market. This surge has been attributed to several factors, including a growing workforce, an increase in working women, a fast-paced lifestyle, urbanization, and Western influence, as well as higher per capita spending on processed foods. As consumers seek out convenience, instant options like RTEs (ready-to-eat), RTDs (ready-to-drink), and other convenient food products are becoming increasingly popular choices, influencing market growth.
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/soup-market.html
Soup Market Dynamics:
Key Driver-
Rising Need for Lighter Meals & Appetizers to Drive the Demand for Soups – Driven by both hectic & sedentary lifestyles in urban areas, the need for lower-calorie meals is on the rise across the globe. There are also increasing barriers to cooking with inadequate knowledge, while urban consumers are progressively time-pressed, encouraging them to search for quick & convenient lighter meals. Packaged dry soup, for instance, addresses the need for a quick and light meal, and can be easily transported and prepared by just adding hot water. This makes it particularly suitable for consumers who travel frequently. In response, major players are looking to create an array of different soup options that cater for consumers’ divergent needs.
Soup Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Product Type
- Canned – Market Size & Forecast, 2020-2030, USD Million
- Dehydrated – Market Size & Forecast, 2020-2030, USD Million
- UHT – Market Size & Forecast, 2020-2030, USD Million
- Others (Meal Kits, etc.)– Market Size & Forecast, 2020-2030, USD Million
Canned soup held a significant market share in the Soup Market over the past few years. This type of soup undergoes commercial processing, high-temperature cooking, and sealing in cans or jars to extend its shelf life without refrigeration.
By Category
- Vegan/Vegetarian – Market Size & Forecast, 2020-2030, USD Million
- Non Vegetarian – Market Size & Forecast, 2020-2030, USD Million
By Distribution Channel
- Supermarket/Hypermarket – Market Size & Forecast, 2020-2030, USD Million
- Convenience Stores – Market Size & Forecast, 2020-2030, USD Million
- Online – Market Size & Forecast, 2020-2030, USD Million
Supermarkets/Hypermarkets occupy a prominent position in the Soup Market. These types of retail stores are extensive in size, offering diverse merchandise, such as groceries, household products, and consumer goods to consumers. Soups of different brands, flavors, and packaging options are extensively displayed in supermarkets and hypermarkets.
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
North America hold the highest market share in the Soup Market due to its robust soup culture, as soups are a customary food item in many households. Iconic dishes like chicken noodle soup, tomato soup, and clam chowder have now become traditional favorites of the continent's cuisine.
As indicated in the latest market research report published by Markntel Advisors, “Soup Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Soup industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/soup-market.html
Top Companies Operating in the Soup Market:
- General Mills
- Nestle SA
- Unilever
- Baxters Food Group Ltd.
- The Kraft Heinz Company
- The Campbell Soup Company
- Ottogi Corp.
- Asahi Group Holdings
- Hain Celestial
- Capital Foods Ltd.
- Tideford Organics
- Mars, Inc.
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Other Report:
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- India Whey Protein Market to grow from USD03Million in 2023 to USD 125.2 Million by 2030, with a 5.08% CAGR, driven by a shift towards plant-based whey protein.
Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Soup Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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