According to IMARC Group latest report titled” Soup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the market is currently witnessing strong growth. The global soup market share to exhibit moderate growth during the next five years. Soup is a liquid food product containing the soluble nutrients and the flavor of meat, fish, poultry, vegetables, or cereals. It is a rich source of healthy fibers that helps in digestion and weight loss. Its regular consumption also boosts immunity and strengthens bones, due to which it is gaining widespread prominence among individuals.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The global market is majorly driven by the increasing demand for healthy food products among the masses. Due to the hectic lifestyles led by individuals, there has been a considerable shift in the preference for instant and ready-to-eat soup, which is positively influencing the market growth. Moreover, the introduction of organic soup with innovative flavors that are prepared from natural ingredients with no preservatives is also expected to propel the market growth. Other factors, including the rising demand for vegan product variants and the easy product availability via online and offline organized retail channels, have also provided an impetus to the market growth.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
B&G Foods Inc.
Baxters Food Group Limited
Blount Fine Foods
Campbell Soup Company
Conagra Brands Inc.
General Mills Inc.
Nestlé S.A.
Ottogi Corporation
Premier Foods Group Limited
The Hain Celestial Group Inc.
The Kraft Heinz Company
Unilever plc
Soup Market Segmentation:
Our report has categorized the market based on region, type, category, packaging and distribution channel.
Breakup by Type:
Canned/Preserved Soup
Chilled Soup
Dehydrated Soup
Frozen Soup
UHT Soup
Breakup by Category:
Vegetarian Soup
Non-Vegetarian Soup
Breakup by Packaging:
Canned
Pouched
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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