North America Soup Market Size (2024 - 2029)

North American Soup Market Analysis

The North America Soup Market size is estimated at USD 6.04 billion in 2024, and is expected to reach USD 6.55 billion by 2029, growing at a CAGR of 1.65% during the forecast period (2024-2029).

Because of capitalization, urbanization, and the growth of industries, consumers have begun to prefer ready-to-cook convenience foods. As people have become more aware of their health and nutrition, foods with less quantity and better nutrition are being preferred across the country. Soups in their different forms are preferred by different age groups of consumers. Instant and dehydrated soups are expected to grow in the near future due to the demand for innovations followed by busier lifestyles and consumer preferences.

Over the medium term, new cultural influences and rising culinary trends are the major factors boosting the soups market in North America. The market is also witnessing a seasonal sales surge, as consumers tend to buy soups more during the winter compared to the summer. The increasing product varieties, consumption of health and wellness products, and active promotions by the market players have contributed to the market's growth over the past few years.

The rising demand for healthy food products is expected to boost the demand for soups in the region, which accounts for a significant share of the market. Moreover, there is an increasing consumer preference for instant soup, such as instant noodles and cup noodles soup, as a snacking option. Companies offering natural and nutritious ingredients in soups and the increasing preference for convenient food are driving the soup market in the region.

North American Soup Industry Segmentation

Soup is primarily liquid food, generally served warm or hot, that is made by combining ingredients of meat or vegetables with stock, milk, or water. 

The North American soup market has been segmented by type, category, distribution channel, and country. By type, the market is segmented into canned/preserved, chilled, dehydrated/instant, and other types. By category, the market is segmented into conventional and organic. By distribution channel into supermarkets/hypermarkets, convenience stores, online stores, and other distribution channels. Also, the study provides an analysis of the soup market in the emerging and established markets across the region, including the United States, Mexico, Canada, and Rest of North America. For each segment, the market sizing and forecasts have been done on the basis of value in USD million.