Global Dried Soups Market Size study & Forecast, by Packaging Type (Pouches and Cups), by Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Specialty Stores, and Online Sales Channel) and Regional Analysis, 2022-2029

Global Dried Soups Market Size study & Forecast, by Packaging Type (Pouches and Cups), by Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Specialty Stores, and Online Sales Channel) and Regional Analysis, 2022-2029

Global Dried Soups Market is valued at approximately USD 1.94 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.2% over the forecast period 2022-2029. Dried Soups are an instant solution made with hot water. These types of soups are usually dried or dehydrated and are packed in airtight packaging such as cans, pouches etc. These soups are available in different flavors including mixed vegetables, tomato, and sweet corn among others. The increasing consumption of convenience foods and growing expansion of quick service restaurants as well as strategic initiatives from leading market players are key factors accelerating the market growth.

The increasing demand for convenience food products owing to rising number of working populations, and growing penetration of online food delivery platforms are contributing to the growth of the Global Dried Soups Market. For instance, according to Statista – as of 2022, the revenue in the Convenience Food segment is estimated at USD 562.20 billion, and the market is expected to grow annually by 6.21% between 2022-2027 to USD 759.83 billion by 2027. Moreover, in Asia Pacific, in 2022 the revenue in the Convenience Food segment is estimated at USD 330.10 billion, and the market is expected to grow annually by 6.91% between 2022 and 2027 to reach USD 461.04 billion by 2027. Also growing demand for nutrition-rich products and rise in urban population would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Dried Soups stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Dried Soups Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players and increasing consumption of packaged food products in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising number of working-class population and increasing growth of the quick service restaurants in the region.

Major market players included in this report are:
Unilever Canada Inc (Knorr)
Harmony House Foods, Inc.
J. Heinz Company, L.P.
McKenzie's
Mother Earth Products
Cooke Tavern Soups
Frontier Soups
CAMPBELL COMPANY OF CANADA
Bear Creek Country Kitchens, LLC
John A. McDougall, M.D.

Recent Developments in the Market:
 In November 2021, California, United States based Herbalife Nutrition rolled out its new Instant Soup in the United States. The soup mix is formulated with 15 grams of plant-based protein and 3 grams of fiber.


Global Dried Soups Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Packaging Type, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Packaging Type
Pouches
Cups

By Distribution Channel
Hypermarket/Supermarket
Convenience Stores
Specialty Stores
Online Sales Channel

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Unilever Canada Inc (Knorr)
Harmony House Foods, Inc.
J. Heinz Company, L.P.
McKenzie's
Mother Earth Products
Cooke Tavern Soups
Frontier Soups
CAMPBELL COMPANY OF CANADA
Bear Creek Country Kitchens, LLC
John A. McDougall, M.D.

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