Soup Market Surpasses USD 11.28 Billion Value in 2023, Projected to Achieve Remarkable 3.85% CAGR Growth

The Global Soup Market report provides a detailed analysis of the market's current state, key players, emerging trends, and future growth prospects. The report is divided into several sections, each focusing on different aspects of the market, such as market size, geographical shares, competitive landscape, and market dynamics.

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Global Soup Market Key Points and Findings (2024-2030)

Soup Market Overview: -

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, 2024-30. 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.

Regional Analysis:

North America
Europe
Asia Pacific
Middle East/Africa
South America

Among them, the North America experienced considerable growth in the Global Soup Market.

Competitors Analysis: Top 10 Soup Companies

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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Market Segmentation:

By Product Type

Canned – Market Size & Forecast, 2019-2030, USD Million
Dehydrated – Market Size & Forecast, 2019-2030, USD Million
UHT – Market Size & Forecast, 2019-2030, USD Million
Others (Meal Kits, etc.)– Market Size & Forecast, 2019-2030, USD Million

By Category

Vegan/Vegetarian – Market Size & Forecast, 2019-2030, USD Million
Non Vegetarian – Market Size & Forecast, 2019-2030, USD Million

By Distribution Channel

Supermarket/Hypermarket – Market Size & Forecast, 2019-2030, USD Million
Convenience Stores – Market Size & Forecast, 2019-2030, USD Million
Online – Market Size & Forecast, 2019-2030, USD Million

Soup Market Dynamics:

Key Factor Driving Market–

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.

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Frequently Asking Questions (FAQ’s):

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