Global Soup Market, Size, Forecast 2024-2032, Industry Trends, Share, Growth, Insight, Impact of Inflation, Top Companies Analysis
Buy NowGlobal Soup Market Outlook
Global Soup Market is predicted to reach US$ 25.17 Billion by 2032, according to Renub Research. In the contemporary food industry, soup has grown considerably, pushed by evolving purchaser choices and lifestyle changes. The demand for convenient and nutritious meal options aligns with the versatility of soups, making them a popular preference. Innovative flavors, healthier formulations, and convenient packaging have contributed to soup's resurgence. Also, the shift towards health-aware consumption conduct and the recognition of soups as a healthy, satisfying option propel their market growth, setting up soup as a current and desired segment in the dynamic food enterprise.
Global Soup Market is anticipated to experience a CAGR of 3.24 % from 2024 to 2032
The expanding vegan masses throughout developed regions and growing nations are pivotal in riding the consumption of vegetable stocks and broths. As more people embody plant-based diets for health, environmental, and ethical reasons, the demand for flavorful and nutritious alternatives to meat-based products rises. As per the Vegan Society Organisation, by 2040, 25% of the worldwide population will consume vegan meat replacements, 35% will consume clean-label meat, and 40% will consume regular meats. Vegetable stocks and broths function as flexible elements in vegan cooking, presenting wealthy flavors and critical nutrients, catering to this demographic's developing possibilities, and fueling global soup market growth.
Moreover, the new cultural effects and growing culinary trends have drastically boosted the global soup market. The market also witnesses a seasonal sales surge, as clients shop for more soups in winter than summer. The increasing product varieties, fitness and well-being merchandise intake, and active promotions by market players have contributed to the market's increase during the last few years. The rising demand for healthy food products is predicted to boost the demand for soups within the area, which accounts for a large proportion of the soup market examined.
The growth in disposable income, urbanization, and the introduction of modern flavors are also anticipated to drive the global demand for soup in the future. Besides, the expanding working population and growing choice for processed food because of its fitness benefits are increasing the soup market demand. Further, the shifting of the rural populace to the city regions in the developing countries of the Asia Pacific, including India and China, is anticipated to grow the demand for soup. Hence, the global soup market was US$ 18.89 Billion in 2023.
Besides, with the heightened demand for comfort food, corporations are innovating with packaging formats that offer ease of intake and disposal. This trend aligns with the busy lifestyles of cutting-edge clients, who are searching for convenient alternatives that require minimum preparation and cleanup. As a result, there is a developing emphasis on packaging solutions, which include single-serve pouches, resealable packing containers, and efficient substances that enhance convenience while minimizing environmental impact. For instance, Campbell gives soup in microwavable cups, making it a more suitable packaging design than powdered soup in regular packets. This evolution in packaging caters to the evolving needs of consumers and drives further boom in the enterprise.
Instant soup stands as one of the dominant varieties in the global soup market
By type, the global soup market is fragmented into Instant, Canned, Dehydrated, Chilled, and Others. Instant soup is among the dominating types in the global soup market. This is due to their comfort and rapid preparation. As contemporary customers are looking for brief meal solutions to fit their busy lifestyles, instant soups offer a convenient alternative that demands minimum preparation time and effort. Their lengthy shelf lives and portability make them best for on-the-go consumption. With various flavors and formulations available, instant soups cater to multiple tastes, further solidifying their function as soup market leaders.
Vegetarian soup is one of the swiftly expanding segments in the global soup market
By category, the global soup market is segmented into Vegetarian and Non-Vegetarian. Vegetarian soup is one of the rapidly growing categories in the global soup market. This is credited to changing consumer options towards plant-based diets. As more individuals adopt vegetarianism for fitness, environmental, and moral reasons, the need for meat-free soup options surges. Vegetarian soups offer diverse flavors and ingredients, attractive to many purchasers seeking healthier and more sustainable meal picks. Furthermore, the developing awareness of the health advantages of plant-based diets and the developing availability of vegetarian soup varieties contribute to the category's multiplied growth trajectory in the soup market.
Supermarkets and hypermarkets might secure the majority share in the global soup market
By distribution channel, the global soup market is categorized into Supermarkets & Hypermarkets, Convenience Stores, and Online. Supermarkets and hypermarkets are likely to capture the largest share of the global soup market. This is attributed to their tremendous reach and diverse product services. These retail outlets offer many soup varieties, catering to numerous purchaser choices and nutritional needs. Also, supermarkets and hypermarkets provide comfort and accessibility, attracting a considerable purchaser base looking for a one-stop search for their food needs. With adequate shelf area and promotional strategies, these outlets correctly showcase soup products, solidifying their market dominance.
United States has become a significant participant in the worldwide soup market
Based on countries, the global soup market is separated into North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, the Netherlands, and Turkey), Asia Pacific (China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (Saudi Arabia, United Arab Emirates, and South Africa). The United States has emerged as a prominent player in the global soup market. This is due to various possibilities, a crucial food industry infrastructure, and a penchant for convenience. With a dynamic landscape, it offers multiple traditional and revolutionary flavors, catering to busy life and enhancing its competitive aspect. Further, certain eateries and quick-service eating places, inclusive of Zoup! Tim Hortons has introduced its retail traces of well-loved soups. For instance, in January 2022, Zoup! Eatery, a local restaurant chain, unveiled Zoup! Good, Really Good® Soups offers top-rate soups and broths devoid of gluten, artificial additives, and preservatives, featuring one of Zoup!'s signature homestyle bases.
Key Players
The global soup market includes Campbell Soup Company, Nestle S.A., Baxters Food Group Ltd., General Mills Inc., Conagra Brands, Inc., Premier Foods, Hindustan Unilever Group, and Associated British Foods Inc.
- In May 2023 - Conagra Brands Inc. presented an extensive array of snack options at the 2023 Sweets & Snacks Expo, underscoring their dedication to innovation and adapting to changing consumer tastes. The event allowed the company to showcase the diversity and excellence of its snack offerings, drawing interest from industry insiders and consumers alike.
Type – Global Soup Market breakup in 5 viewpoints:
1. Instant
2. Canned
3. Dehydrated
4. Chilled
5. Others
Category – Global Soup Market breakup in 2 viewpoints:
1. Vegetarian
2. Non-Vegetarian
Distribution Channel – Global Soup Market breakup in 3 viewpoints:
1. Supermarkets & Hypermarkets
2. Convenience Stores
3. Online
Country – Global Soup Market breakup of 25 Countries Covered in the Report:
1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
• Overview
• Recent Development
• Revenue Analysis
Company Analysis:
1. The Campbell Soup Company
2. Nestle S.A.
3. Baxters Food Group Lmt.
4. General Mills Inc.
5. Conagra Brands, Inc.
6. Premier Foods
7. Hindustan Unilever Group
8. Associated British Food Inc.
Report Details:
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2019 - 2023 |
| Forecast Period | 2024 - 2032 |
| Market | US$ Billion |
| Segment Covered | Type, Category, Distribution Channel, and Countries |
| Countries Covered | United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey, China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand, Brazil, Mexico, Argentina, Saudi Arabia, United Arab Emirates, and South Africa |
| Companies Covered | Campbell Soup Company, Nestle S.A., Baxters Food Group Ltd., General Mills Inc., Conagra Brands, Inc., Premier Foods, Hindustan Unilever Group, and Associated British Foods Inc. |
| Customization Scope | 20% Free Customization |
| Post-Sale Analyst Support | 1 Year (52 Weeks) |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Soup Market
6. Market Share – Global Soup Market
6.1 By Type
6.2 By Category
6.3 By Distribution Channel
6.4 By Countries
7. Type – Global Soup Market
7.1 Instant
7.2 Canned
7.3 Dehydrated
7.4 Chilled
7.5 Others
8. Category – Global Soup Market
8.1 Vegeterian
8.2 Non-Vegeterian
9. Distribution Channel – Global Soup Market
9.1 Supermarkets & Hypermarkets
9.2 Convenience Stores
9.3 Online
10. Countries – Global Soup Market
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherland
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Thailand
10.3.6 Malaysia
10.3.7 Indonesia
10.3.8 Australia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 South Africa
11. Porter’s Five Forces Analysis – Global Soup Market
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis – Global Soup Market
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Company Analysis
13.1 The Campbell Soup Company
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Financial Insight
13.2 Nestle S.A.
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Financial Insight
13.3 Baxters Food Group Lmt.
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Financial Insight
13.4 General Mills Inc.
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Financial Insight
13.5 Conagra Brands, Inc.
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Financial Insight
13.6 Premier Foods
13.6.1 Overview
13.6.2 Recent Development
13.6.3 Financial Insight
13.7 Hindustan Unilever Group
13.7.1 Overview
13.7.2 Recent Development
13.7.3 Financial Insight
13.8 Asociated British Food inc.
13.8.1 Overview
13.8.2 Recent Development
13.8.3 Financial Insight
List of Figures:
Figure-01: Global – Soup Market (Billion US$), 2019 – 2023
Figure-02: Global – Forecast for Soup Market (Billion US$), 2024 – 2032
Figure-03: Type – Instant Market (Million US$), 2019 – 2023
Figure-04: Type – Forecast for Instant Market (Million US$), 2024 – 2032
Figure-05: Type – Canned Market (Million US$), 2019 – 2023
Figure-06: Type – Forecast for Canned Market (Million US$), 2024 – 2032
Figure-07: Type – Dehydrated Market (Million US$), 2019 – 2023
Figure-08: Type – Forecast for Dehydrated Market (Million US$), 2024 – 2032
Figure-09: Type – Chilled Market (Million US$), 2019 – 2023
Figure-10: Type – Forecast for Chilled Market (Million US$), 2024 – 2032
Figure-11: Type – Others Market (Million US$), 2019 – 2023
Figure-12: Type – Forecast for Others Market (Million US$), 2024 – 2032
Figure-13: Category – Vegeterian Market (Million US$), 2019 – 2023
Figure-14: Category – Forecast for Vegeterian Market (Million US$), 2024 – 2032
Figure-15: Category – Non-Vegeterian Market (Million US$), 2019 – 2023
Figure-16: Category – Forecast for Non-Vegeterian Market (Million US$), 2024 – 2032
Figure-17: Distribution Channel – Supermarkets & Hypermarkets Market (Million US$), 2019 – 2023
Figure-18: Distribution Channel – Forecast for Supermarkets & Hypermarkets Market (Million US$), 2024 – 2032
Figure-19: Distribution Channel – Convenience Stores Market (Million US$), 2019 – 2023
Figure-20: Distribution Channel – Forecast for Convenience Stores Market (Million US$), 2024 – 2032
Figure-21: Distribution Channel – Online Market (Million US$), 2019 – 2023
Figure-22: Distribution Channel – Forecast for Online Market (Million US$), 2024 – 2032
Figure-23: United States – Soup Market (Million US$), 2019 – 2023
Figure-24: United States – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-25: Canada – Soup Market (Million US$), 2019 – 2023
Figure-26: Canada – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-27: France – Soup Market (Million US$), 2019 – 2023
Figure-28: France – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-29: Germany – Soup Market (Million US$), 2019 – 2023
Figure-30: Germany – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-31: Italy – Soup Market (Million US$), 2019 – 2023
Figure-32: Italy – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-33: Spain – Soup Market (Million US$), 2019 – 2023
Figure-34: Spain – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-35: United Kingdom – Soup Market (Million US$), 2019 – 2023
Figure-36: United Kingdom – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-37: Belgium – Soup Market (Million US$), 2019 – 2023
Figure-38: Belgium – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-39: Netherland – Soup Market (Million US$), 2019 – 2023
Figure-40: Netherland – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-41: Turkey – Soup Market (Million US$), 2019 – 2023
Figure-42: Turkey – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-43: China – Soup Market (Million US$), 2019 – 2023
Figure-44: China – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-45: Japan – Soup Market (Million US$), 2019 – 2023
Figure-46: Japan – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-47: India – Soup Market (Million US$), 2019 – 2023
Figure-48: India – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-49: South Korea – Soup Market (Million US$), 2019 – 2023
Figure-50: South Korea – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-51: Thailand – Soup Market (Million US$), 2019 – 2023
Figure-52: Thailand – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-53: Malaysia – Soup Market (Million US$), 2019 – 2023
Figure-54: Malaysia – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-55: Indonesia – Soup Market (Million US$), 2019 – 2023
Figure-56: Indonesia – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-57: Australia – Soup Market (Million US$), 2019 – 2023
Figure-58: Australia – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-59: New Zealand – Soup Market (Million US$), 2019 – 2023
Figure-60: New Zealand – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-61: Brazil – Soup Market (Million US$), 2019 – 2023
Figure-62: Brazil – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-63: Mexico – Soup Market (Million US$), 2019 – 2023
Figure-64: Mexico – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-65: Argentina – Soup Market (Million US$), 2019 – 2023
Figure-66: Argentina – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-67: Saudi Arabia – Soup Market (Million US$), 2019 – 2023
Figure-68: Saudi Arabia – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-69: UAE – Soup Market (Million US$), 2019 – 2023
Figure-70: UAE – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-71: South Africa – Soup Market (Million US$), 2019 – 2023
Figure-72: South Africa – Forecast for Soup Market (Million US$), 2024 – 2032
Figure-73: The Campbell Soup Company – Global Revenue Market (Million US$), 2019 – 2023
Figure-74: The Campbell Soup Company – Forecast for Global Revenue Market (Million US$), 2024 – 2032
Figure-75: Nestle S.A. – Global Revenue Market (Million US$), 2019 – 2023
Figure-76: Nestle S.A. – Forecast for Global Revenue Market (Million US$), 2024 – 2032
Figure-77: Baxters Food Group Lmt. – Global Revenue Market (Million US$), 2019 – 2023
Figure-78: Baxters Food Group Lmt. – Forecast for Global Revenue Market (Million US$), 2024 – 2032
Figure-79: General Mills Inc. – Global Revenue Market (Million US$), 2019 – 2023
Figure-80: General Mills Inc. – Forecast for Global Revenue Market (Million US$), 2024 – 2032
Figure-81: Conagra Brands, Inc. – Global Revenue Market (Million US$), 2019 – 2023
Figure-82: Conagra Brands, Inc. – Forecast for Global Revenue Market (Million US$), 2024 – 2032
Figure-83: Premier Foods – Global Revenue Market (Million US$), 2019 – 2023
Figure-84: Premier Foods – Forecast for Global Revenue Market (Million US$), 2024 – 2032
Figure-85: Hindustan Unilever Group – Global Revenue Market (Million US$), 2019 – 2023
Figure-86: Hindustan Unilever Group – Forecast for Global Revenue Market (Million US$), 2024 – 2032
Figure-87: Asociated British Food inc. – Global Revenue Market (Million US$), 2019 – 2023
Figure-88: Asociated British Food inc. – Forecast for Global Revenue Market (Million US$), 2024 – 2032
List of Tables:
Table-01: Global – Soup Market Share by Type (Percent), 2019 – 2023
Table-02: Global – Forecast for Soup Market Share by Type (Percent), 2024 – 2032
Table-03: Global – Soup Market Share by Category (Percent), 2019 – 2023
Table-04: Global – Forecast for Soup Market Share by Category (Percent), 2024 – 2032
Table-05: Global – Soup Market Share by Distribution Channel (Percent), 2019 – 2023
Table-06: Global – Forecast for Soup Market Share by Distribution Channel (Percent), 2024 – 2032
Table-07: Global – Soup Market Share by Countries (Percent), 2019 – 2023
Table-08: Global – Forecast for Soup Market Share by Countries (Percent), 2024 – 2032
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