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Soup Market

Soup Market Size, Share and Segmentation 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), by Regions and Global Market Forecast 2022-2028

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 Market Revenue Graph

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.

Market Dynamics:

Driving Factors:

  1. The expanded interest for accommodation food sources.

  2. Developing attention to the medical advantages of soups.

Restraining Factor:

  • The canned food production network.

  •  Severe guideline and item owed to the presence of hurtful substances.

Opportunities:

  • 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.

Challenges:

  •  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 Type:

  • Canned/Preserved Soup

  • Chilled Soup

  • Dehydrated Soup

  • Frozen Soup

  • UHT Soup

By Category:

  • Vegetarian Soup

  • Non-Vegetarian Soup

By Packaging:

  • Canned

  • Pouched

  • Others

By Distribution Channel:

  • Supermarkets and Hypermarkets

  • Convenience Stores

  • Online Stores

  • Others

Soup Market Segment Chart

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.

Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

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.

Key Players:

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.

Soup Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 17.7 Billion
Market Size by 2028 US$ 22.1 Billion
CAGR CAGR 3.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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:

10.1 Canned

10.2 Pouched

10.3 Others

 

11. Global Soup market segmentation by Distribution Channel:

11.1 Supermarkets and Hypermarkets

11.2 Convenience Stores

11.3 Online Stores

11.4 Others

 

12. Global Soup market, by region/ country

12.1     Introduction

12.2     North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3     Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4     Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5     The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6     Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company profiles

13.1 Ajinomoto co., inc.

13.1.1 Financial

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

 

15. Conclusion

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.

Secondary Research

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:

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