PUBLISHER: Renub Research | PRODUCT CODE: 1452701
PUBLISHER: Renub Research | PRODUCT CODE: 1452701
Global Soup Market, Size, Forecast 2024-2032, Industry Trends, Share, Growth, Insight, Impact of Inflation, Top Companies Analysis
Global Soup Market is predicted to reach US$ 25.17 Billion by 2032, according to Renub Research. Soups, originating centuries ago for nourishment and ease, have evolved from easy broths to numerous flavorful dishes. Liquid-based and cooked through simmering, soups blend broth or water with multiple ingredients like veggies, meats, and herbs. From hearty stews to delicate consommes, they cater to numerous palates, embodying a cherished culinary staple globally. Soups' transformation displays culinary innovation and globalization, ensuring they remain flexible and nourishing, evolving from traditional simplicity to modern complexity while maintaining their primary position in diverse cuisines internationally.
Global Soup Market is anticipated to experience a CAGR of 3.24% from 2024 to 2032
Increasing public recognition of soups' positive health benefits and heightened demand for instant food drive a boom within the soup market. As consumers seek convenient but nutritious alternatives, soups are desired because of their versatility and perceived health advantages. This trend reflects a shift in the direction of healthier eating habits and a preference for brief, gratifying food, driving the growth of the global soup market in reaction to evolving customer preferences.
Further, dried soup merchandise dominates the market because of its advanced nutritional profile, presenting better ranges of vitamins, minerals, and protein than various convenience soup options. Packaged soups are favored for their accessibility and longer shelf life, frequently surpassing restaurant offerings. Moreover, the need for soup globally is expected to grow due to growing urbanization, growth in disposable incomes, and the introduction of recent flavors. This trend may be pushed by expanding working populations and a choice of processed foods, which are perceived as healthier.
Also, the anticipated upward thrust in soup demand coincides with rural-to-city migration in growing Asia-Pacific countries like China and India. This demographic shift indicates a growing urban population with evolving nutritional choices, likely leading to a greater intake of comfort foods like soups. As urbanization progresses, the need for handy and nutritious meal alternatives is predicted to surge, propelling the boom of the global soup market in those areas. So, the global soup market was about US$ 18.89 Billion in 2023.
The market for canned soups might be increasing on an international scale
On the basis of type, the global soup market is fragmented into Instant, Canned, Dehydrated, Chilled, and Others. Canned soups are among the rapidly developing segments in the international market. This is due to their convenience for busy lives and prolonged shelf life, reducing meal waste, various flavor options, affordability, and evolving perceptions of fitness with healthier ingredient choices. This resonates well with areas experiencing a surge in working populations and a preference for handy yet fitness-conscious meal solutions.
The global soup market is expected to rise significantly in the non-vegetarian category
The soup market worldwide is divided into two main categories: Vegetarian and Non-Vegetarian. The non-vegetarian category is poised to assert a large proportion of the global soup market. This is owed to its big attraction among customers in search of hearty, protein-rich alternatives. With a wide range of meat-based soups, this segment caters to various tastes and options, driving its widespread soup market presence.
Online channels are expected to become one of the most significant segments in the global soup market
Among distribution channels, the global soup market is categorized into Supermarkets & Hypermarkets, Convenience Stores, and Online. Online channels might advance as an influential segment in the global soup market. This is attributed to the convenience they provide purchasers, allowing them to easily access a wide range of soup products from the comfort of their homes.
Europe can become a significant player in the global 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, Australia, South Korea, Thailand, Malaysia, Indonesia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (South Africa, Saudi Arabia, and the United Arab Emirates). Europe could possibly have an essential proportion of the global soup market, with a comparable intake in the U.K. and Russia. This is due to increasing populations and a desire for processed ingredients. As consumers' needs change, the intake of dehydrated soup is predicted to grow. Besides, the rising monetary independence amongst women fuels the demand for processed and brief meal goods, propelling the local soup market's increase.
Key Players
The companies in the global soup market include 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.
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.
Table of Contents
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
