South America Soup Market Size and Share

South America Soup Market (2025 - 2030)
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South America Soup Market Analysis by Mordor Intelligence

The South America soup market size is estimated at USD 1.53 billion in 2025, and is expected to reach USD 1.71 billion by 2030, at a CAGR of 2.21% during the forecast period (2025-2030). Improved cold-chain logistics, rapid urbanization, and a preference for single-serve meal formats are supporting steady category gains even as front-of-pack sodium warnings moderate volume growth. At the same time, chilled soup sales are accelerating as retailers dedicate more refrigerated space to premium low-preservative recipes, while shelf-stable broth faces scrutiny under sodium regulations in Argentina, Brazil, Chile, and Peru. Multinationals and regional specialists are refining flavor profiles, packaging, and distribution tactics to protect share, yet cost pressures linked to grain and meat inflation are squeezing margins. Manufacturers that pair localized flavors, such as Argentine locro, Chilean cazuela, Colombian ajiaco, and Peruvian chupe, with clean-label formulations and aseptic packaging stand to capture disproportionate growth as the region's 76% of workers who bring meals to the office seek convenient, culturally resonant options that align with wellness goals.

Key Report Takeways

  • By product type, shelf-stable formats led with 42.31% revenue share in 2024, while chilled soup is projected to post a 2.94% CAGR to 2030.
  • By diet type, vegetarian recipes accounted for 54.11% of the soup market share in 2024 and will expand at a 2.64% CAGR through 2030.
  • By packaging, pouches held 45.09% of 2024 sales, whereas canned soup is slated for a 2.76% CAGR after the adoption of lighter steel and BPA-free linings.
  • By distribution channel, supermarkets and hypermarkets controlled 51.33% of revenue in 2024; online grocery is forecast for a 3.22% CAGR to 2030.
  • By geography, Brazil generated 9.38% of 2024 turnover and will record the fastest 4.07% CAGR, supported by a BRL 6 billion manufacturing expansion by Nestlé during 2023-2025.

Segment Analysis

By Product Type: Chilled Soup Gains Momentum Despite Shelf-Stable Dominance

Innovative packaging technologies are accelerating chilled soup's 2.94% CAGR through 2030, even as shelf-stable soup retains 42.31% of 2024 revenue. Modified-atmosphere packaging and active films, such as oxygen scavengers, extend chilled soup's freshness to 21 days without preservatives, enabling retailers to stock premium, restaurant-quality broths that command 30% to 40% higher margins than ambient equivalents. Dry soup and frozen soup occupy narrower niches: dry soup appeals to budget-conscious rural households seeking long shelf life and minimal storage requirements, while frozen soup targets urban consumers with reliable cold-chain access and willingness to pay premiums for convenience. Seara, a JBS subsidiary, launched its Seara Protein frozen ready-meal line in August 2025, featuring soups with approximately 30 grams of protein per serving, tapping into Brazil's fitness-focused demographic that prioritizes macronutrient density over traditional comfort-food profiles.

SIG Combibloc's carton packs for ambient soups illustrate how packaging innovation can extend shelf-stable soups: the format combines lightweight portability with extended shelf life, reducing logistics costs and enabling distribution to remote areas where canned goods dominate. Dry soup remains popular in Argentina and Peru, where households stockpile non-perishable staples during economic uncertainty, yet its growth is constrained by the perception that powdered broths lack the authenticity of liquid or chilled alternatives. Frozen soup faces the steepest adoption barriers; only 40% of Brazilian households own freezers with dedicated compartments, and power outages in northern regions spoil inventory, but manufacturers are partnering with modern retailers to install point-of-sale freezers that showcase premium frozen soups alongside ice cream and ready meals, normalizing the category for middle-income shoppers.

South America Soup Market: Market Share by Product Type
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By Category: Vegetarian Soup Captures Majority Share

Vegetarian soup's 54.11% share in 2024 and 2.64% CAGR through 2030 reflect a structural shift toward plant-based diets, driven by health, environmental, and cost considerations. BENEO's legume-protein plant expansion in South America enables manufacturers to formulate lentil, chickpea, and black-bean soups with 8 to 12 grams of protein per serving, rivaling non-vegetarian broths' nutritional profiles without animal inputs. 

Non-vegetarian soup retains a loyal base among consumers who prize traditional recipes such as Argentine beef-and-vegetable locro or Chilean chicken cazuela, yet its growth is tempered by front-of-pack warnings on saturated fat and sodium. ANMAT's 2024 audit found that 11.2% of soup products exceed national sodium limits, and meat-based broths are disproportionately flagged. Ingredient innovation is also blurring category boundaries: Tate & Lyle's modified starches improve mouthfeel in vegetable broths, replicating the richness of meat-based stocks without adding sodium or fat, and manufacturers are fortifying vegetarian soups with Andean grains such as quinoa to appeal to wellness-focused millennials.

By Packaging Format: Pouches Lead, Canned Soup Rebounds

Pouches commanded 45.09% of 2024 packaging-format revenue because they are lighter, cheaper to ship, and easier to store than cans, yet canned soup will expand at 2.76% CAGR through 2030 as manufacturers adopt lighter-weight steel and BPA-free linings to address sustainability and health concerns. Cans' resurgence reflects their unmatched shelf life, 24 to 36 months, and their suitability for emergency stockpiling, a behavior that intensified during the COVID-19 pandemic and persists in inflation-prone markets such as Argentina, where households maintain 3- to 6-month inventories of non-perishable staples. Other packaging formats, including glass jars and Tetra Pak cartons, occupy niche positions: glass appeals to premium consumers who associate it with artisanal quality, while Tetra Pak's aseptic cartons enable ambient distribution of fresh-tasting soups without refrigeration, a capability that SIG Combibloc is commercializing across Brazil and Colombia.

Pouches' dominance is reinforced by their compatibility with single-serve formats, which align with urbanization trends: 76% of Brazilian workers bring meals to the office, and many prefer 300- to 400-milliliter pouches that fit into lunchboxes and require minimal heating. Canned soup's growth is concentrated in rural areas and among older consumers who trust the format's durability and are less swayed by sustainability messaging. Other formats, such as frozen soup in rigid plastic trays, remain marginal because they require dedicated freezer space and are vulnerable to cold-chain disruptions, yet Seara's August 2025 launch of its Seara Protein frozen ready-meal line signals that manufacturers see long-term potential in frozen formats as cold-chain infrastructure improves.

South America Soup Market: Market Share by Packaging Format
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By Distribution Channel: Online Retail, Fastest Growing

Supermarkets and hypermarkets held 51.33% of 2024 distribution revenue, yet online retail will clock a 3.22% CAGR through 2030 as digital grocery penetration deepens and last-mile delivery platforms expand. Kraft Heinz's January 2025 partnership with AB InBev's BEES platform targets 1 million new points of sale across Colombia, Mexico, and Peru, leveraging BEES's route-to-market capabilities to reach independent grocers and kiosks that lack direct relationships with multinational suppliers. Convenience and grocery stores occupy a middle ground, offering proximity and extended hours that appeal to time-pressed urban consumers, yet their limited shelf space constrains assortment breadth, forcing them to stock only top-selling SKUs and private-label equivalents. Other distribution channels, including foodservice, institutional catering, and direct-to-consumer subscriptions, remain nascent in South America, though Mexidona's 2024 retail-distribution expansion in Brazil demonstrates that startups can bypass traditional channels by partnering with specialty health-food stores and online marketplaces.

Supermarkets and hypermarkets are defending their dominance by launching private-label soup programs that offer 15% to 20% lower prices than branded equivalents, capturing most Latin American consumers who resort to cheaper alternatives. Convenience stores are adding 105 outlets annually in Peru and embedding quick-commerce fulfillment, enabling 30-minute delivery of ambient soups to urban households. Other channels, such as vending machines stocking cup soups in office buildings, remain experimental, yet Ajinomoto's April 2025 launch of cup-ramen in Colombia signals that manufacturers see opportunity in on-the-go formats that bypass traditional retail entirely.

Geography Analysis

Brazil's 9.38% share in 2024 relies on its 4.07% CAGR through 2030, the fastest among South American geographies, driven by Nestlé's BRL 6 billion (~USD 1.2 billion) investment wave between 2023 and 2025. ANVISA's RDC 429/2020 front-of-pack labeling regulation, implemented in 2023, compelled manufacturers to reformulate high-sodium soups or accept octagonal warnings, and a 12-month post-implementation analysis found that reformulation incentives are driving innovation in clean-label broths fortified with legume proteins and Andean grains. Verdureira's June 2024 launch of 100% natural soups, ready in 3 minutes and preservative-free, boosted the company's winter sales by 13%, illustrating how local startups are capturing market share from multinational incumbents by aligning with wellness trends. Brazil's ready-meal market is growing approximately 15% annually, and 76% of workers bring meals to the office, creating sustained demand for single-serve soup pouches that fit into lunchboxes and require minimal heating.

Argentina, Colombia, Chile, and Peru each face distinct dynamics. Argentina's wheat and maize prices spiked 210% to 230% year-on-year in 2024, driven by drought and export restrictions, compressing manufacturers' margins and forcing price hikes that alienate cost-sensitive consumers; ANMAT provisions 11362/2024 and 11378/2024 revealed that 11.2% of soup products exceed national sodium thresholds, prompting retailers to delist non-compliant SKUs. Chile's Law 20,606 mandates front-of-pack warnings, and a PAHO study found that only 31% to 54% of soups meet the mg per 100 g sodium benchmark, driving reformulation and premiumization. Peru's modern retail channel grew in the first half of 2025, and U.S. soups and broths became the leading import supplier in 2024, suggesting that premium, low-sodium imports are capturing wallet share from domestic offerings.

Rest of South America, encompassing smaller markets such as Uruguay, Paraguay, and the Guianas, lags in infrastructure and purchasing power, yet it offers niche opportunities for ambient soups with extended shelf life. Manufacturers targeting these geographies prioritize dry soup and canned formats over chilled or frozen variants, reflecting intermittent electricity and limited cold-chain access. Quala's presence in Ecuador, Venezuela, and the Dominican Republic demonstrates that regional players can profitably serve secondary markets by tailoring product portfolios to local tastes and price sensitivities. Localized flavors, such as Ecuadorian locro de papa or Venezuelan sancocho, resonate with consumers who prize authenticity, and manufacturers that source indigenous ingredients from contract farms secure cost advantages over importers reliant on spot markets.

Competitive Landscape

The South America soup market scores moderate concentration, reflecting fragmentation across multinational giants, regional specialists, and local startups. Campbell, Nestlé, Unilever, Kraft Heinz, and General Mills command the largest shares through extensive distribution networks and brand heritage, yet they face mounting pressure from agile entrants such as Quala, which posted a surge in operating profit during 2024, and Brazilian startups Mexidona and Verdureira, both of which launched preservative-free soup lines that captured health-conscious millennials. 

Strategy patterns bifurcate multinationals' leverage scale to absorb raw-material volatility. Brazilian food inflation pushed beans up 3.52%, meat up 2.97%, and oils up 2.21% in September 2024, while smaller players differentiate through localized flavors, such as Argentine locro or Chilean cazuela, and premium positioning that commands 50% to 70% higher prices than mass-market offerings. Opportunities cluster around three axes: functional soups fortified with probiotics or collagen to appeal to wellness-focused consumers, single-serve frozen formats targeting urban households with reliable cold chains, and subscription models that bypass traditional retail. 

Kraft Heinz's January 2025 partnership with AB InBev's BEES platform exemplifies technology-driven share gains: the alliance targets 1 million new points of sale across Colombia, Mexico, and Peru by leveraging BEES's digital route-to-market capabilities to reach independent grocers and kiosks. University of Buenos Aires researchers are piloting nano-packaging that embeds antimicrobial agents into polymer films, a breakthrough that could enable fresh-ingredient soups to remain stable for 90 days at room temperature and disrupt the shelf-stable-versus-chilled trade-off. Regulatory compliance also creates competitive moats: manufacturers that reformulate to meet ANVISA, ANMAT, and ISP sodium thresholds secure shelf space in health-focused retail chains, while non-compliant brands face delisting. ANMAT's 2024 audit found that 11.2% of soup products exceed national limits.

South America Soup Industry Leaders

  1. Campbell Soup Company

  2. Nestlé S.A.

  3. Unilever PLC

  4. Ajinomoto Co., Inc.

  5. Nissin Foods Holdings Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments

  • March 2024: Campbell Soup Company completed its acquisition of Sovos Brands for about USD 2.33 billion, which brings into its portfolio frozen entrées, soups, sauces, etc.
  • August 2023: Nestlé expanded its portfolio of plant-based products by launching shelf-stable SKUs in Chile under the Maggi Veg brand. The latest offerings from Nestlé encompass SKUs that blend vegan 'mincemeat' with seasonings tailored for dishes such as tacos, empanadas, or spaghetti bolognese, alongside a lentil soup.

Table of Contents for South America Soup Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Urbanization and hectic lifestyles boost the demand for ready-to-eat soups
    • 4.2.2 Heightened health awareness propels the consumption of nutritious soups
    • 4.2.3 Growing enthusiasm for plant-based and vegetarian soups
    • 4.2.4 Innovative packaging and formats enhance the market's allure
    • 4.2.5 Localized flavors cater to regional taste preferences
    • 4.2.6 Rise of modern retail and supermarkets broadens soup availability
  • 4.3 Market Restraints
    • 4.3.1 Home-cooked meal preference curbs packaged soup demand
    • 4.3.2 Health-conscious consumers shun packaged soups due to "processed food" stigma
    • 4.3.3 Price fluctuations in raw materials pinch manufacturers' profit margins
    • 4.3.4 Fresh-ingredient soups face shelf-life and preservation hurdles
  • 4.4 Consumer Demand Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Porter’s Five Forces
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 Product Type
    • 5.1.1 Dry Soup
    • 5.1.2 Shelf Stable Soup
    • 5.1.3 Chilled Soup
    • 5.1.4 Frozen Soup
  • 5.2 Category
    • 5.2.1 Vegetarian Soup
    • 5.2.2 Non‑Vegetarian Soup
  • 5.3 Packaging Format
    • 5.3.1 Canned
    • 5.3.2 Pouches
    • 5.3.3 Others
  • 5.4 Distribution Channel
    • 5.4.1 Hypermarkets/Supermarkets
    • 5.4.2 Convenience/Grocery Stores
    • 5.4.3 Online Retail Stores
    • 5.4.4 Other Distribution Channels
  • 5.5 Geography
    • 5.5.1 Brazil
    • 5.5.2 Argentina
    • 5.5.3 Colombia
    • 5.5.4 Chile
    • 5.5.5 Peru
    • 5.5.6 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Campbell Soup Company
    • 6.4.2 Nestlé S.A.
    • 6.4.3 Unilever PLC
    • 6.4.4 The Kraft Heinz Company
    • 6.4.5 General Mills, Inc.
    • 6.4.6 Conagra Brands, Inc.
    • 6.4.7 Baxters Food Group Ltd.
    • 6.4.8 Hain Celestial Group, Inc.
    • 6.4.9 Ajinomoto Co., Inc.
    • 6.4.10 Nissin Foods Holdings Co., Ltd.
    • 6.4.11 Premier Foods plc
    • 6.4.12 Amy’s Kitchen, Inc.
    • 6.4.13 CSC Brands, L.P.
    • 6.4.14 Quala
    • 6.4.15 Ottogi Co., Ltd.
    • 6.4.16 Hormel Foods Corporation
    • 6.4.17 Toyo Suisan Kaisha, Ltd.
    • 6.4.18 B&G Foods, Inc.
    • 6.4.19 Pacific Foods (Danone)
    • 6.4.20 BCI Foods Inc.

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

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South America Soup Market Report Scope

The South America soup market is segmented by product type, category, packaging format, distribution channel, and geography. By product type, the market is segmented into chilled soup, frozen soup, and more. By category, the market is segmented into vegetarian and non-vegetarian soups. By packaging format, the market is segmented into canned, pouched, and more. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience/grocery stores, online retail channels, and other distribution channels. By geography, the market is segmented into Brazil, Argentina, and more. The market forecasts are provided in terms of value (USD).

Product Type
Dry Soup
Shelf Stable Soup
Chilled Soup
Frozen Soup
Category
Vegetarian Soup
Non‑Vegetarian Soup
Packaging Format
Canned
Pouches
Others
Distribution Channel
Hypermarkets/Supermarkets
Convenience/Grocery Stores
Online Retail Stores
Other Distribution Channels
Geography
Brazil
Argentina
Colombia
Chile
Peru
Rest of South America
Product Type Dry Soup
Shelf Stable Soup
Chilled Soup
Frozen Soup
Category Vegetarian Soup
Non‑Vegetarian Soup
Packaging Format Canned
Pouches
Others
Distribution Channel Hypermarkets/Supermarkets
Convenience/Grocery Stores
Online Retail Stores
Other Distribution Channels
Geography Brazil
Argentina
Colombia
Chile
Peru
Rest of South America
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Key Questions Answered in the Report

What is the current South America Soup Market size?

The South America Soup Market is projected to register a CAGR of 2.21% during the forecast period (2025-2030)

Which product type dominates the South America soup market?

Shelf-stable soup commands 42.31% of 2024 revenue, reflecting South America's infrastructure realities including intermittent electricity in peri-urban areas and limited cold-chain access.

Which packaging format is growing fastest and why?

Canned soup will expand at 2.76% CAGR through 2030, despite pouches holding 45.09% of 2024 revenue. Cans' resurgence reflects their unmatched 24- to 36-month shelf life and suitability for emergency stockpiling

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