Market Insights and Analysis: Global Soup Market Overview and Projections (2024-2030)
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.
Top leading companies in the Global Soup Market includes:
General Mills, Nestle SA, Unilever, Baxters Food Group Ltd., The Kraft Heinz Company, The Campbell Soup Company, Ottogi Corp., Asahi Group Holdings, Upton's Naturals, Hain Celestial, Capital Foods Ltd., Tideford Organics, Mars, Inc., and Others.
Global Soup Market 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.
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Report Segmentation:
The market is categorized into the following segments in the report:
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.
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Global Soup Market Geographic Reach:
The Geographic Reach of the Global Soup Market evaluates the spread and significance of Global Soup market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: The US, Canada, Mexico
· South America: Brazil, Argentina, Rest of South America
· Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
· Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
· Middle East & Africa: The UAE, Saudi Arabia, South Africa, Egypt, Rest of Middle East & Africa.
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