Market Overview:
The global packaged soups market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as rising demand for convenience foods, changing lifestyles, and increasing disposable income. In terms of type, the microwavable soup segment is projected to lead the global packaged soups market during the forecast period. This can be attributed to growing demand for convenient food options among consumers across the globe. In terms of application, supermarkets are expected to dominate the global packaged soups market during 2018-2030 owing to high penetration of these stores across regions worldwide.
Product Definition:
Packaged soups are pre-made, processed foods that come in a variety of flavors and consistencies. They are usually sold in cans or cartons and can be eaten hot or cold. Packaged soups are important because they provide an easy, convenient way to get a nutritious meal without having to cook from scratch. They can also be a good source of protein, fiber, and vitamins and minerals.
Microwavable Soups:
microwaveable soups are the products that can be prepared in a microwave and hence they have high demand among working professionals. The product is available in different varieties such as vegetable, chicken, beef and seafood based. Microwavable soup has become an essential part of modern day cuisine due to its easy preparation feature.
Ready-To-Drink Soups:
Ready-to-drink soups are beverages that have a very short shelf life. They contain ingredients such as vegetable oil, flavoring agents, and sweeteners which can be mixed with hot water or milk for consumption. The product is gaining popularity among consumers due to its convenience and nutritional value.
The ready-to-drink soup market was estimated at USD 3,304 million in 2015.
Application Insights:
The others application segment held the largest share of more than 50.0% in 2017. This is attributed to the growing popularity of packaged food among working professionals and consumers who are looking for quick, easy and convenient options at a reasonable price. The convenience stores application segment is expected to witness significant growth over the forecast period owing to increasing consumer preference for purchasing prepared foods on-the-go or while cooking dinner at home.
Packaged soups are also sold in hypermarkets, supermarkets and other retail outlets which indicates a high demand product that can be sold through conventional retail channels with little effort from supermarket chains or manufacturers¢â‚¬â„¢ side.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance throughout the forecast period owing to growing consumer demand for convenience food products with reduced time and effort. Moreover, increasing health concerns among consumers are fueling the demand for nutritious food products that require minimal preparation time. This trend is projected to propel product sales over the next eight years in North America as packaged soup has long been considered a healthy alternative when compared with home-prepared meals by most consumers across this region.
Asia Pacific is anticipated to be one of fastest-growing regional markets during the forecast period owing to rising disposable income levels and changing eating habits of consumers, especially young ones who prefer ready-to-eat foods such as packaged soups over home cooked meals on account of their busy lifestyles and preference for taste rather than nutritional value when it comes at a convenient price range.
Growth Factors:
- Increasing demand for convenience foods: The packaged soups market is benefiting from the increasing demand for convenience foods, as consumers seek out easy-to-prepare and healthy options.
- Rising popularity of soup diets: Soup diets are becoming increasingly popular, with a growing number of people looking to soups as a way to lose weight or improve their overall health. This is benefiting the packaged soups market as more consumers turn to these products for meal inspiration and nutrition.
- Growing trend towards ethnic flavors: A growing trend in the packaged soups market is towards ethnic flavors, with consumers seeking out interesting and exotic varieties of soup that offer new flavor experiences. This is helping to drive innovation within the category and attract new buyers into the market.
- Proliferation of ready-to-eat options: The availability of ready-to-eat (RTE) packaged soup options continues to grow, providing an attractive option for time-pressed consumers who want a quick meal solution without having to prepare anything themselves . This is helping to boost sales growth within the category overall . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Packaged Soups Market Research Report
By Type
Microwavable Soups, Ready-To-Drink Soups
By Application
Convenience Stores, Supermarkets, Hypermarkets, Others
By Companies
Campbell Soup, ConAgra Foods, General Mills, Greencore, Hain Celestial, Amy's Kitchen, Baxters Food, Kettle Cuisine, New Covent Garden, Pacific Foods, Campbell Soup
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Packaged Soups Market Report Segments:
The global Packaged Soups market is segmented on the basis of:
Types
Microwavable Soups, Ready-To-Drink Soups
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Convenience Stores, Supermarkets, Hypermarkets, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Campbell Soup
- ConAgra Foods
- General Mills
- Greencore
- Hain Celestial
- Amy's Kitchen
- Baxters Food
- Kettle Cuisine
- New Covent Garden
- Pacific Foods
- Campbell Soup
Highlights of The Packaged Soups Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Microwavable Soups
- Ready-To-Drink Soups
- By Application:
- Convenience Stores
- Supermarkets
- Hypermarkets
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Packaged Soups Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Packaged soups are pre-made, ready-to-eat soups that come in a can or a pouch. They are convenient and easy to prepare, and they make a great meal option for busy people on the go.
Some of the major companies in the packaged soups market are Campbell Soup, ConAgra Foods, General Mills, Greencore, Hain Celestial, Amy's Kitchen, Baxters Food, Kettle Cuisine, New Covent Garden, Pacific Foods, Campbell Soup.
The packaged soups market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Packaged Soups Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Packaged Soups Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Packaged Soups Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Packaged Soups Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Packaged Soups Market Size & Forecast, 2018-2028
4.5.1 Packaged Soups Market Size and Y-o-Y Growth
4.5.2 Packaged Soups Market Absolute $ Opportunity
Chapter 5 Global Packaged Soups Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Packaged Soups Market Size Forecast by Type
5.2.1 Microwavable Soups
5.2.2 Ready-To-Drink Soups
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Packaged Soups Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Packaged Soups Market Size Forecast by Applications
6.2.1 Convenience Stores
6.2.2 Supermarkets
6.2.3 Hypermarkets
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Packaged Soups Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Packaged Soups Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Packaged Soups Analysis and Forecast
9.1 Introduction
9.2 North America Packaged Soups Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Packaged Soups Market Size Forecast by Type
9.6.1 Microwavable Soups
9.6.2 Ready-To-Drink Soups
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Packaged Soups Market Size Forecast by Applications
9.10.1 Convenience Stores
9.10.2 Supermarkets
9.10.3 Hypermarkets
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Packaged Soups Analysis and Forecast
10.1 Introduction
10.2 Europe Packaged Soups Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Packaged Soups Market Size Forecast by Type
10.6.1 Microwavable Soups
10.6.2 Ready-To-Drink Soups
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Packaged Soups Market Size Forecast by Applications
10.10.1 Convenience Stores
10.10.2 Supermarkets
10.10.3 Hypermarkets
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Packaged Soups Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Packaged Soups Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Packaged Soups Market Size Forecast by Type
11.6.1 Microwavable Soups
11.6.2 Ready-To-Drink Soups
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Packaged Soups Market Size Forecast by Applications
11.10.1 Convenience Stores
11.10.2 Supermarkets
11.10.3 Hypermarkets
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Packaged Soups Analysis and Forecast
12.1 Introduction
12.2 Latin America Packaged Soups Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Packaged Soups Market Size Forecast by Type
12.6.1 Microwavable Soups
12.6.2 Ready-To-Drink Soups
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Packaged Soups Market Size Forecast by Applications
12.10.1 Convenience Stores
12.10.2 Supermarkets
12.10.3 Hypermarkets
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Packaged Soups Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Packaged Soups Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Packaged Soups Market Size Forecast by Type
13.6.1 Microwavable Soups
13.6.2 Ready-To-Drink Soups
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Packaged Soups Market Size Forecast by Applications
13.10.1 Convenience Stores
13.10.2 Supermarkets
13.10.3 Hypermarkets
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Packaged Soups Market: Competitive Dashboard
14.2 Global Packaged Soups Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Campbell Soup
14.3.2 ConAgra Foods
14.3.3 General Mills
14.3.4 Greencore
14.3.5 Hain Celestial
14.3.6 Amy's Kitchen
14.3.7 Baxters Food
14.3.8 Kettle Cuisine
14.3.9 New Covent Garden
14.3.10 Pacific Foods
14.3.11 Campbell Soup
