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Market Research Report

Europe Soup Market - Growth, Trends and Forecasts (2019 - 2024)

Published by Mordor Intelligence LLP Product code 389938
Published Content info 90 Pages
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Europe Soup Market - Growth, Trends and Forecasts (2019 - 2024)
Published: April 1, 2019 Content info: 90 Pages
Description

Market Overview

Europe soup market is forecasted to grow at a CAGR of 3.10% over the forecast period 2019-2024.

  • Increasing product varieties, increased demand for wellness products, and active promotions by the market players are some of the key drivers contributing to the growth of the soup market, during the forecast period (2019-2024).
  • The high market dominance of the key players is due to their high expenditure on promotional and other marketing activities. Companies also gain competitive advantage with increased focus on brand recognition strategies and improving product taste and quality.
  • Instant soup is one of the fastest growing segments of the Europe soup market in the forecasted period, due to busier lifestyles and the ease of preparation that instant soups entail.

Scope of the Report

Europe soup market is segmented by product type, packaging, distribution channel, and geography. By type, the market is segmented as canned/ preserved soup, chilled soup, dehydrated soup, frozen soup, instant soup, and UHT soup. By packaging, the market is segmented as canned soup, pouched soup, and others. By distribution channel, the Europe soup market is segmented as hypermarkets/supermarkets, online retail stores, convenience stores, and others. The other distribution channels include warehouse clubs, discounted stores, and vending machines.

Key Market Trends

Instant Soups Hold a Prominent Market Share

The market for instant soup in Europe has great potential to grow, because of an increase in product offerings and the onset of convenient packaging options such as canned soup, natural and tasty soup, quick soup, pouched soup, and others. Moreover, there is an increasing consumer preference for instant soup as a snack item. There is also an increase in consumer preference for instant noodles soup, such as cup noodles soup. Europe is characterized by high female working population compared to most other regions of of the world, owing to which, the demand for convenience foods is increasing. Moreover, companies offering high nutritious ingredients in soups and the increasing preference for convenient food are driving the instant soup segment. Various companies operating in the segment are coming up with product launches and increasing their product offerings.

Increasing Demand For Soup in the Frozen Format

Frozen food increase the convenience of the working populartion as it can be stored for a longer period of time and can be consumed instantly. Long shelf life is one of the demanded attributes of soup, as soups otherwise have a shorter shelf life. As per the report published by British Frozen Food Federation, the retail value of frozen ready meals in Great Britain increased from being GBP 645,923 thousand in 2016 to GBP 674,999 thousand in 2017. One of the driving factors for this increase could be the increasing demand for soup and other food items in the frozen format.

Competitive Landscape

Europe soup market is consolidated, with the strong presence of global and regional players, who account for more than 50% share of the market. Unilever and The Kraft Heinz Company are some of the prominent players operating in the market studied, and account for a significant market share. CSC Brands LP is one of the most active companies in terms of product launches. The major strategies adopted by the companies in the Europe soup market are new product launches, agreements/partnerships, expansions, and mergers and acquisitions.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support
Table of Contents
Product Code: 49460

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study
  • 1.4 Research Phases

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

  • 3.1 Market Overview

4 MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porters Five Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Canned/ Preserved Soup
    • 5.1.2 Chilled Soup
    • 5.1.3 Dehydrated Soup
    • 5.1.4 Frozen Soup
    • 5.1.5 Instant Soup
    • 5.1.6 UHT Soup
  • 5.2 By Packaging
    • 5.2.1 Canned
    • 5.2.2 Pouched
    • 5.2.3 Others
  • 5.3 By Distribution Channel
    • 5.3.1 Hypermarkets/Supermarkets
    • 5.3.2 Online Retail Stores
    • 5.3.3 Convenience Stores
    • 5.3.4 Others
  • 5.4 By Geography
    • 5.4.1 Europe
      • 5.4.1.1 Germany
      • 5.4.1.2 United Kingdom
      • 5.4.1.3 France
      • 5.4.1.4 Spain
      • 5.4.1.5 Russia
      • 5.4.1.6 Italy
      • 5.4.1.7 Other Parts of Europe

6 COMPETITIVE LANDSCAPE

  • 6.1 Market Share Analysis
  • 6.2 Most Active Companies
  • 6.3 Major Strategies by Key Players
  • 6.4 Company Profiles
    • 6.4.1 Unilever
    • 6.4.2 The Kraft Heinz Company
    • 6.4.3 CSC Brands LP
    • 6.4.4 Premier Foods
    • 6.4.5 Yorkshire Provender Ltd
    • 6.4.6 The New Covent Garden Soup Company Limited
    • 6.4.7 Tazaki Foods
    • 6.4.8 Baxters Food Group Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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