The Latin America, Middle East and Africa Packaged Soup Market would witness market growth of 14.5% CAGR during the forecast period (2020-2026). Packaged soup is included in the convenience food category, also known as instant soup that is designed for quick and easy preparation. Packaged soup has flexible packaging which keeps it fresh & safe throughout the dispensing process which is done with the help of sterile packaging technology. The packaged soups are produced on industrial as well as large scale.
The packaged soup comes in many styles, types, and flavors. These varieties are available in the market through different distribution channels that include online stores, supermarkets, convenience stores, and others. Furthermore, packaged soups come in various bottles, cups, cans, and pouches. There are various packaged soups available in the market including regular soup, creamy soup, organic soup, and vegan soup and various flavors include mixed vegetable flavors, tomato flavor, smoked corn flavor, and others.
The rich content of corn and salt in dried products is regarded as harmful for an individual’s health, as it expands the level of blood sugar and blood pressure, hence hampering the growth rate. Furthermore, supply chain of canned foods is majorly hampering the market growth because canned products require timely sale and delivery; otherwise, the product will be expired or damaged. These factors will restrain the growth of the global packaged soup market.
Recently, various food & Beverage and FMCG companies have entered into the market competition to leverage the massive growth opportunities. There are large numbers of products available in the market in terms of ingredients, flavors, and ways of preparations, combined with the expansion of supermarkets and hypermarkets, act as a major driver of market growth.
Based on Product Type, the market is segmented into Dried and Wet. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Convenience store, Food service, Online store and others. Based on Packaging, the market is segmented into Packets, Canned and Bottles. Based on End User, the market is segmented into Household Sector and Commercial Sector. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Packaged Soup Market in LAMEA is expected to register a CAGR of 14.5% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Hain Celestial Group, Inc., Conagra Brands, Inc., Nestle S.A., General Mills, Inc., Campbell Soup Company, B&G Foods, Inc., Ajinomoto Co., Inc., Unilever PLC, The Kraft Heinz Company and Kettle Cuisine LLC.
By Product Type
By Distribution Channel
By Packaging
By End User
By Country
Companies Profiled
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