Report Id: SNS/F&B/1397 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Soup Market Size was valued at USD 17.7 billion in 2021, and is expected to reach USD 22.1 billion by 2028, and grow at a CAGR of 3.2 % over the forecast period 2022-2028.
Soup is a fluid food which is served warm and viewed as the main course of a dinner and great canapés. Soup is arranged utilizing fixings like meat and vegetables with stock, juice, water and different fluids. It is additionally made by bubbling or stewing meat, fish, or vegetables with different added fixings and frequently containing strong pieces. Customarily soups are arranged into two primary gatherings' unmistakable soups and thick soups. Business soup became well known with the innovation of canning in nineteenth 100 years.
Soup is a scrumptious and nutritious feast which are high in vitamin A, B, K, C, cream soups are plentiful in vitamin D, and soups are low in fat settling on them a best decision for the people who favor a solid eating regimen as it has high extent of water in it. It is the least demanding method for adding vegetables to your everyday dinner. Eating hot/warm soup can assist with clearing the sinuses with steam.
Vegetable soups are low in calories and high in supplements, and helps your vegetable admission, while non veg soup help treating the actual illnesses, and helps in eliminating microscopic organisms in throat, mouth and tonsils.
The expanded interest for accommodation food sources.
Developing attention to the medical advantages of soups.
The canned food production network.
Severe guideline and item owed to the presence of hurtful substances.
The presentation of new items with extra flavors and fixings that are well known among the youthful populace.
Bundling offers an expanded time span of usability to soup and doesn't respond with food material inside.
The rising inclination for flavors over fixings.
Recognition of the admission of intense usage of corn starch brings about high glucose level by diet-conscious consumer.
Impact of Covid-19:
Online retail shopping has impressively expanded in the beyond couple of years, particularly during the COVID-19 pandemic. It supported the interest for prepared to-eat soups and is helping the business development.
As soups are likewise viewed as invulnerability sponsors, they are seeing sound interest during the pandemic. Alarm purchasing because of the cross country lockdown in numerous nations likewise added to the market development.
Key Market Segmentation:
By Distribution Channel:
Supermarkets and Hypermarkets
In light of Product, the market is fragmented into Canned, Dried, UTH (Ultra-high Temperature Processing), and others. Canned soup can be consolidated, in which case it is ready by adding water (or once in a while milk), or it very well may be "prepared to-eat," in which case no additional fluid is expected before utilization.
In view of Distribution Channel, the market is divided into Supermarkets and Hypermarkets, Convenience Stores, and Online. The general stores and Hypermarkets fragment is supposed to hold the biggest piece of the pie.
By Packaging, the parcels section represented the most elevated share in the worldwide bundled soup market. The parcels fragment incorporates pocket and cup.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Based on Geography, The Global Soup Market is ordered into North America, Europe, Asia Pacific, and the Rest of the world. Inferable from the accessibility of a bigger client base for canned soups in Europe, the locale is probably going to have the biggest portion of the market. In Europe, the U.K. also, Russia are driving shoppers of soup attributable to the always developing populace and handled food utilization in these areas is high.
Major company profiles included in soup market are Ajinomoto co., inc., B&g foods inc., Campbell soup company, Conagra brands, inc., General mills inc., Kettle cuisine, llc,, Nestle s. A., The hain celestial group, The kraft heinz company, Unilever plc.
|Market Size in 2021||US$ 17.7 Billion|
|Market Size by 2028||US$ 22.1 Billion|
|CAGR||CAGR 3.2% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (canned/preserved soup, chilled soup, dehydrated soup, frozen soup, UHT soup)
• by distribution channel (supermarket/hypermarket, convenience stores, online retail store, other distribution)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Ajinomoto co., inc., B&g foods inc., Campbell soup company, Conagra brands, inc., General mills inc., Kettle cuisine, llc,, Nestle s. A., The hain celestial group, The kraft heinz company, Unilever plc.|
|Key Drivers||•The expanded interest for accommodation food sources.
•Developing attention to the medical advantages of soups.
|Restraints||•The canned food production network.
•Severe guideline and item owed to the presence of hurtful substances.
Frequently Asked Questions (FAQ) :
Ans: Dried products segment is projected to make a foothold in the worldwide Soup market.
Ans: Developing attention to the medical advantages of soups and bundling offers an expanded time span of usability to soup and doesn't respond with food material inside are the elements driving and resulting in opportunities for the Soup market.
Ans: Type, Category, Packaging, and Distribution Channel segments are covered in the Soup Market.
Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Ans: Global Soup Market Size was valued at USD 17.7 billion in 2021.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Covid 19 Impact Analysis
5. Value chain analysis
6. Porter’s 5 forces model
7. Pest analysis
8. Global Soup market segmentation, by Types
8.1 Canned/Preserved Soup
8.2 Chilled Soup
8.3 Dehydrated Soup
8.4 Frozen Soup
8.5 UHT Soup
9. Global soup market segmentation, by Category:
9.1 Vegetarian Soup
9.2 Non-Vegetarian Soup
10. Global Soup market segmentation by Packaging:
11. Global Soup market segmentation by Distribution Channel:
11.1 Supermarkets and Hypermarkets
11.2 Convenience Stores
11.3 Online Stores
12. Global Soup market, by region/ country
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company profiles
13.1 Ajinomoto co., inc.
13.1.2 Products/ Services Offered
13.1.3 Swot Analysis
13.1.4 The SNS View
13.2 B&g foods inc.
13.3 Campbell soup company
13.4 Conagra brands, inc.
13.5 General mills inc.
13.6 Kettle cuisine, llc
13.7 Nestle s. A.
13.8 The hain celestial group
13.9 The kraft heinz company
13.10 Unilever plc
14. Competitive Landscape
14.1 Competitive Bench Marking
14.2 Market Share Analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.