Global Soup Market

Soup Market Size, Share, Growth Analysis, By Product Type, By Category, By Packaging Type, By Distribution Channel, By Region - Industry Forecast 2025-2032


Report ID: SQMIG30I2363 | Region: Global | Published Date: December, 2024
Pages: 165 | Tables: 66 | Figures: 64

Soup Market Dynamics

Soup Market Driver

Increase in demand for convenience food to boost market enlargement

  • The use of vegetable stocks and broths is significantly influenced by the growing vegan population in both developed and developing nations. To meet the growing demand from the public, large producers are producing vegan soups in a variety of containers. In contrast to non-vegetarian soups, people prefer to consume healthful vegetable soups, with the exception of the vegan community. The market benefits from these broths' increasing acceptance among consumers.
  • Consumers are seeking new variety in their diets and demand for instant goods is rising. Due to geographical and ethnic differences, food options vary between nations. These elements motivate producers to introduce novel flavors and product variations. Few producers are focusing on creating new tastes, while few are involved in creating the attractive package. This indicates that several types are now readily available based on consumer taste.

Soup Market Restraint

Increase in health issues owing to high thickening agents

  • Regular intake of salt and cornstarch works as a market restraint and contributes to a number of health issues, including obesity, high blood pressure, and diabetes. The majority of the items are prepared with maize flour and cornstarch because they serve as a thickening agent, particularly canned and dehydrated soups. Soup intake is a common part of diets in nations like Japan.
  • Customers are aware of the additives added to the food they eat, which limits market expansion. Leading manufacturers are developing new products with less maize starch and more vegetables in an effort to combat this. The soupy variations of Campbell Soup Company were expanded to include a variety of vegetable flavors, including carrot, red pepper, sweet potato, and ginger. With this launch, the younger generation, which is well-versed on ingredient lists, will be targeted.
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Soup Market size was valued at USD 19.2 Billion in 2023 and is poised to grow from USD 19.81 Billion in 2024 to USD 25.39 Billion by 2032, growing at a CAGR of 3.2% during the forecast period (2025-2032).

Top Players in the Global Soup Market 'Campbell Soup Company ', 'Nestle S.A. ', 'Unilever ', 'General Mills, Inc. ', 'Kraft Heinz Company ', 'Conagra Brands, Inc. ', 'B&G Foods, Inc. ', 'Premier Foods Group Limited ', 'Amy’s Kitchen, Inc. ', 'Baxters Food Group Limited ', 'Blount Fine Foods ', 'Hain Celestial Group, Inc. ', 'Bear Creek Country Kitchens, LLC ', 'Kettle Cuisine, LLC ', 'TSC Foods ', 'Associated British Foods PLC ', 'Nissin Foods Holdings Co., Ltd. ', 'Maruchan, Inc. ', 'Ottogi Corporation ', 'Ajinomoto Co., Inc.'

The use of vegetable stocks and broths is significantly influenced by the growing vegan population in both developed and developing nations. To meet the growing demand from the public, large producers are producing vegan soups in a variety of containers. In contrast to non-vegetarian soups, people prefer to consume healthful vegetable soups, with the exception of the vegan community. The market benefits from these broths' increasing acceptance among consumers.

Growing Demand for Convenience foods have grown: Convenience food sales have increased as a result of rising urbanization rates and busy lifestyles of the populace. Convenience foods come in a variety of forms, including RTE, RTD beverages, packaged snacks, instant food, and others. One of the processed food products that people eat is soup.

Due to the region's larger canned soup consumer base, Europe is estimated to hold the majority of the market share. Due to their expanding populations, the U.K. and Russia are the two European nations that consume the most soup. In comparison to the other countries in the region, these countries consume a disproportionately high amount of processed food. The region's consumption of dehydrated soups is expected to increase as a result of ongoing product introductions to address customer preferences and purchasing patterns.

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Global Soup Market

Report ID: SQMIG30I2363

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