Soup Market - Growth, Trends, and Forecasts (2019 - 2024)

The Soup Market is segmented by Product Type (Canned/Preserved, Chilled, Dehydrated, Frozen, Instant, and UHT), Packaging (Canned, Pouched, and Other Packaging), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Channels, and Other Distribution Channels), and Geography.

Market Snapshot

snapshot
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR% (2019 - 2024):

2.9%

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

The soup market is estimated to register a CAGR of 2.9%, during the forecast period (2019 - 2024). 

  • Increasing product varieties, consumption of health and wellness products, and active promotions by the market players are contributing to the growth of the soup market, during the forecast period.
  • Increasing demand for healthier food products is expected to boost the demand for soups in North America, which accounts for a significant share in the global market.
  • The high market dominance of the key players is due to their high expenditure on promotional and other marketing activities. Companies also gain competitive advantage with increased focus on brand recognition strategies and improving product taste and quality.
  • Instant soup is expected to dominate the soup market in the forecasted period, due to its ease of preparation.

Scope of the Report

The market study of soup is available as canned/preserved, chilled, dehydrated, frozen, instant, and UHT. By packaging, the market is segmented into canned, pouched and other packaging. By distribution channel, the market is segmented as supermarkets/hypermarkets, convenience stores, online, and other distribution channels. The other distribution channels segment comprises of grocery stores, independent stores, direct selling, mixed retailers, vending and non-grocery specialists.

Type
Canned/Preserved
Chilled
Dehydrated
Frozen
Instant
UHT
Packaging
Canned
Pouched
Other Packaging
Distribution Channel
Hypermarket/Supermarket
Convenience Store
Online Channels
Other Distribution Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Instant Soup Dominates the Soup Market

The market for instant soup has great potential to grow, because of an increase in product offerings like packet soup, natural and tasty soup, quick soup, pouched soup, and others. Moreover, there is an increasing consumer preference for instant soup as a snack item. There is also an increase in consumer preference for instant noodles soup, such as cup noodles soup. Companies offering high nutritious ingredients in soups and the increasing preference for convenient food are driving the instant soup segment. Various companies operating in the segment are coming up with product launches and increasing their product offerings. For instance, Nestle launched six varieties of single-serve soups in instant format.

trend1

To understand key trends, Download Sample Report

North America Being the Largest Market for Soup Industry

The region’s self-sufficient production capabilities have made it a matured market. In the product type segment, the canned soup segment holds the largest market share, followed by the instant and dehydrated soup segments. The major factor driving the growth of the North American soup market is the increasingly busy lifestyle of people in countries, like the United States and Canada, where people opt for ready - to - go meals. The changing perception about soups as a healthier food choice frequently preferred quick meals, and the launch of premium and novel flavors are expected to propel the growth of the North American soup market.

trend2

To understand geography trends, Download Sample Report

Competitive Landscape

The soup market is consolidated, particularly with the strong presence of global and regional players, who account for about 60% share of the global market. Unilever and Nestle SA are some of the prominent players operating in the market studied, and account for a significant market share. CSC Brands LP is one of the most active companies in terms of product launches. The major strategies adopted by the companies in the global market are new product launches, agreements/partnerships, expansions, and mergers and acquisitions.

Major Players

  1. Unilever Food Solutions
  2. General Mills Inc.
  3. Kraft Heinz Canada
  4. CSC BRANDS LP
  5. Nestlé

* Complete list of players covered available in the table of contents below

CL

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Canned/Preserved

      2. 5.1.2 Chilled

      3. 5.1.3 Dehydrated

      4. 5.1.4 Frozen

      5. 5.1.5 Instant

      6. 5.1.6 UHT

    2. 5.2 Packaging

      1. 5.2.1 Canned

      2. 5.2.2 Pouched

      3. 5.2.3 Other Packaging

    3. 5.3 Distribution Channel

      1. 5.3.1 Hypermarket/Supermarket

      2. 5.3.2 Convenience Store

      3. 5.3.3 Online Channels

      4. 5.3.4 Other Distribution Channels

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Russia

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategies Adopted by Key Players

    2. 6.2 Most Active Companies over the Past Five Years

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 CSC BRANDS LP

      2. 6.4.2 Unilever Food Solutions

      3. 6.4.3 Nestle

      4. 6.4.4 Kraft Heinz Canada

      5. 6.4.5 Premier Foods

      6. 6.4.6 Ottogi Foods

      7. 6.4.7 Baxters Foods

      8. 6.4.8 Conagra Foods Inc.

      9. 6.4.9 Frontier Soups

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information