The Global Packaged Soup Market size is expected to reach $19.1 billion by 2026, rising at a market growth of 10.9% CAGR during the forecast period. 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.
Soup is considered as a nutritious and delicious meal and it is a rich source of vitamin A, B, K, C. Moreover, soup is low-fat liquid which makes them an ideal alternative for those who prefer a healthy diet as it has a huge ratio of water in it. Soup is the simplest method of adding vegetables to your daily meal. Eating warm/hot soups aid in clearing the sinuses with steam. Vegetable soups contain low calories and are rich in nutrients. On the other hand, non-veg soup assists in curing the physical maladies, and helpful in eliminating bacteria in the throat, mouth, and tonsils.
The market is boosted by the rising demand for convenience food. Moreover, the demand for packaged soups increases exponentially with the rise in awareness regarding the health advantages of soups. Soups have a rich content of nutrients, protein, vitamins, and minerals. The market is further driven by changing consumer lifestyles towards the consumption of healthy food items.
Based on Product Type, the market is segmented into Dried and Wet. The packaged soup market is dominated by dried soup products. This is owing to their high content of vitamins, proteins, nutrition, minerals in comparison to the other categories of convenience soup products. Furthermore, consumers prefer packaged soups over soups served in restaurants and food outlets due to the durability and easy access to the packaged soups.
Based on Packaging, the market is segmented into Packets, Canned and Bottles. Pouch and cup are included in the packets segment. Leading players are employing innovating and appealing pouch-based packaging designs for soup as they are really effective and convenient. These innovative pouches which are currently being utilized in packaging dried soup aid in increasing the shelf life and decrease the risk of contamination and changes in their real taste.
Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Convenience store, Food service, Online store and others. On the basis of the distribution channel, the supermarket/hypermarket segment held the largest revenue share of the global packaged soup market. Hypermarket/Supermarket is gaining prominence due to the availability of a wide range of consumer goods at one stop, sufficient parking space, and convenient operation timings.
Based on End User, the market is segmented into Household Sector and Commercial Sector. On the basis of end-user, the household segment was the largest revenue contributor in the global packaged soup market in 2019. This is owing to the paradigm shift of consumers from homemade convention soups to packaged soups across numerous demographics.
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 11.1 Billion |
| Market size forecast in 2026 | USD 19.1 Billion |
| Base Year | 2019 |
| Historical Period | 2016 to 2018 |
| Forecast Period | 2020 to 2026 |
| Revenue Growth Rate | CAGR of 10.9% from 2020 to 2026 |
| Number of Pages | 225 |
| Number of Tables | 440 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product Type, Distribution Channel, Packaging, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Free Valuable Insights: Global Packaged Soup Market to reach a market size of $19.1 Billion by 2026
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America held the highest share in 2019. Asia Pacific would showcase promising growth rate during the forecast period.
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 Geography
Companies Profiled
The global packaged soup market size is expected to reach $19.1 billion by 2026.
There are several reason that cause high demand of this market one of them is rising awareness of the health benefits and processed foods.
Based on packaging, the packets segment contributed the highest revenue share in the global packaged soup market.
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.
The expected CAGR of packaged soup market is 10.9% from 2020 to 2026.
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