Soup Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Soup Market
The soup market size was valued at USD 16.12 billion in 2019, and the market is now projected to grow from USD 21.0 billion by 2027, exhibiting a CAGR of 2.79% during the forecast period of 2020-2027.
The global soup market growth is rapidly increasing because of COVID-19, which has caused over 180 countries to be on lockdown, therefore, many people are adopting instant foods. Restrictions have shifted consumer spending toward essential processed foods, increasing soup sales. Working professionals and students globally contribute to the rising demand for convenient options such as soups, fueling market expansion.
The rise in veganism globally is boosting the soup market share, with increased demand for vegetable stocks and broths. Leading manufacturers are expanding their vegan soup offerings to meet this trend, as more consumers choose vegetable over non-veg soups for health benefits. The Vegan Society has predicted that in 2040, 60% of the global population will be inclined towards vegan or clean-label meat.
Also, the population urbanization and the increase in working women and men push the demand for convenience food products such as soups. Soups known to be easy to prepare, are demanded by consumers who look for easy meals. Population growth and increasing disposable income help convince macro-economic factors to boost market growth. Packaged food consumption across China stands at USD 272.7 billion in 2019 and is set to grow at 7% annually primarily due to the high and rapidly increasing packaged snack market.
Comprehensive Analysis of Soup Market
The soup market and food & beverages industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the food & beverages industry. These segmentations are methodically segregated by types and by distribution channels. The type includes, Instant, Dehydrated, Canned, Chilled and Others. The distribution channel includes, Hypermarket/Supermarket, Convenience Store, Online Retail and Others.
Europe is poised for rapid soup market growth, driven by a large consumer base, particularly in the U.K. and Russia, where processed food consumption is high. The popularity of canned and dehydrated soups is increasing with frequent product launches tailored to consumer preferences. Rising economic independence among women also fuels the demand for instant food options. Pandemic-related lockdowns and the work from home trend in 2020 further boosted regional soup and noodle sales.
The top players in the market play a crucial role in the food & beverages industry assuring industrial prospectus growth and setting market standards. These players include, The Campbell Soup Company, Nestlé S.A, Baxters Food Group Limited, General Mills, Inc, Conagra Brands, Inc., Premier Foods Group Limited, The Kraft Heinz Company, Hindustan Unilever Limited, Ottogi Co., Ltd and Associated British Foods plc. These market players provide a level-playing competitive landscape.
In March 2021, Soupologie Limited, a fresh soup company from the U.K., recently released three new soups that contain a Vitamin D boost. These new plant-based soups are free from animal products and include a vegan-friendly source of Vitamin D3 that gives 50% of the necessary daily amount in one serving of 300g.
Segmentation Table
Global Soup Market Scope
Study Period2016-2027
Base Year2019
Forecast Period2020-2027
Growth RateCAGR of 2.79% from 2020 to 2027
Historical Period2016-2018
UnitValue (USD Billion)
SegmentationBy Type, Distribution Channel, and Region
By TypeInstant
Canned
Dehydrated
Chilled
Others
By Distribution ChannelHypermarket/Supermarket
Convenience Stores
Online Retail
Others
By RegionNorth America (the U.S., Canada and Mexico)
Europe (U.K., France, Italy, Spain, Germany, Russia and the Rest of Europe)
Asia Pacific (China, India, Japan, Australia and the Rest of Asia Pacific)
South America (Brazil, Argentina and the Rest of South America)
Middle East & Africa (GCC Countries, UAE and the Rest of the MEA)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Supply Chain & Regulatory Analysis
- 4.3. Global Soup Trade Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
- 5. Global Soup Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type
- 5.2.1.1. Instant
- 5.2.1.2. Canned
- 5.2.1.3. Dehydrated
- 5.2.1.4. Chilled
- 5.2.1.5. Others
- 5.2.2. By Distribution Channel
- 5.2.2.1. Hypermarket/Supermarkets
- 5.2.2.2. Convenience Stores
- 5.2.2.3. Online Retail
- 5.2.2.4. Others
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Soup Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type
- 6.2.1.1. Instant
- 6.2.1.2. Canned
- 6.2.1.3. Dehydrated
- 6.2.1.4. Chilled
- 6.2.1.5. Others
- 6.2.2. By Distribution Channel
- 6.2.2.1. Hypermarket/Supermarkets
- 6.2.2.2. Convenience Stores
- 6.2.2.3. Online Retail
- 6.2.2.4. Others
- 6.2.3. By Country
- 6.2.3.1. U.S
- 6.2.3.2. Canada
- 6.2.3.3. Mexico
- 7. Europe Soup Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type
- 7.2.1.1. Instant
- 7.2.1.2. Canned
- 7.2.1.3. Dehydrated
- 7.2.1.4. Chilled
- 7.2.1.5. Others
- 7.2.2. By Distribution Channel
- 7.2.2.1. Hypermarket/Supermarkets
- 7.2.2.2. Convenience Stores
- 7.2.2.3. Online Retail
- 7.2.2.4. Others
- 7.2.3. By Country
- 7.2.3.1. Germany
- 7.2.3.2. U.K.
- 7.2.3.3. France
- 7.2.3.4. Spain
- 7.2.3.5. Italy
- 7.2.3.6. Russia
- 7.2.3.7. Rest of Europe
- 8. Asia Pacific Soup Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type
- 8.2.1.1. Instant
- 8.2.1.2. Canned
- 8.2.1.3. Dehydrated
- 8.2.1.4. Chilled
- 8.2.1.5. Others
- 8.2.2. By Distribution Channel
- 8.2.2.1. Hypermarket/Supermarkets
- 8.2.2.2. Convenience Stores
- 8.2.2.3. Online Retail
- 8.2.2.4. Others
- 8.2.3. By Country
- 8.2.3.1. China
- 8.2.3.2. Japan
- 8.2.3.3. India
- 8.2.3.4. Australia
- 8.2.3.5. Rest of Asia Pacific
- 9. South America Soup Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type
- 9.2.1.1. Instant
- 9.2.1.2. Canned
- 9.2.1.3. Dehydrated
- 9.2.1.4. Chilled
- 9.2.1.5. Others
- 9.2.2. By Distribution Channel
- 9.2.2.1. Hypermarket/Supermarkets
- 9.2.2.2. Convenience Stores
- 9.2.2.3. Online Retail
- 9.2.2.4. Others
- 9.2.3. By Country
- 9.2.3.1. Brazil
- 9.2.3.2. Argentina
- 9.2.3.3. Rest of South America
- 10. Middle East & Africa Soup Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type
- 10.2.1.1. Instant
- 10.2.1.2. Canned
- 10.2.1.3. Dehydrated
- 10.2.1.4. Chilled
- 10.2.1.5. Others
- 10.2.2. By Distribution Channel
- 10.2.2.1. Hypermarket/Supermarkets
- 10.2.2.2. Convenience Stores
- 10.2.2.3. Online Retail
- 10.2.2.4. Others
- 10.2.3. By Country
- 10.2.3.1. GCC Countries
- 10.2.3.2. UAE
- 10.2.3.3. Rest of Middle East & Africa
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Soup Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2018
- 12. Company Profiles
- 12.1. The Campbell Soup Company
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Type Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Unilever
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Type Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Nestlé S.A
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Type Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. The Kraft Heinz Company
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Type Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Premier Foods Group Limited
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Type Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Ottogi Co., Ltd
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Type Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. General Mills, Inc
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Type Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Conagra Brands, Inc.
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Type Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Baxters Food Group Limited
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Type Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Associated British Foods Plc.
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Type Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
- 14. Appendix
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Supply Chain & Regulatory Analysis
- 4.3. Global Soup Trade Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
- 5. Global Soup Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type
- 5.2.1.1. Instant
- 5.2.1.2. Canned
- 5.2.1.3. Dehydrated
- 5.2.1.4. Chilled
- 5.2.1.5. Others
- 5.2.2. By Distribution Channel
- 5.2.2.1. Hypermarket/Supermarkets
- 5.2.2.2. Convenience Stores
- 5.2.2.3. Online Retail
- 5.2.2.4. Others
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Soup Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type
- 6.2.1.1. Instant
- 6.2.1.2. Canned
- 6.2.1.3. Dehydrated
- 6.2.1.4. Chilled
- 6.2.1.5. Others
- 6.2.2. By Distribution Channel
- 6.2.2.1. Hypermarket/Supermarkets
- 6.2.2.2. Convenience Stores
- 6.2.2.3. Online Retail
- 6.2.2.4. Others
- 6.2.3. By Country
- 6.2.3.1. U.S
- 6.2.3.2. Canada
- 6.2.3.3. Mexico
- 7. Europe Soup Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type
- 7.2.1.1. Instant
- 7.2.1.2. Canned
- 7.2.1.3. Dehydrated
- 7.2.1.4. Chilled
- 7.2.1.5. Others
- 7.2.2. By Distribution Channel
- 7.2.2.1. Hypermarket/Supermarkets
- 7.2.2.2. Convenience Stores
- 7.2.2.3. Online Retail
- 7.2.2.4. Others
- 7.2.3. By Country
- 7.2.3.1. Germany
- 7.2.3.2. U.K.
- 7.2.3.3. France
- 7.2.3.4. Spain
- 7.2.3.5. Italy
- 7.2.3.6. Russia
- 7.2.3.7. Rest of Europe
- 8. Asia Pacific Soup Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type
- 8.2.1.1. Instant
- 8.2.1.2. Canned
- 8.2.1.3. Dehydrated
- 8.2.1.4. Chilled
- 8.2.1.5. Others
- 8.2.2. By Distribution Channel
- 8.2.2.1. Hypermarket/Supermarkets
- 8.2.2.2. Convenience Stores
- 8.2.2.3. Online Retail
- 8.2.2.4. Others
- 8.2.3. By Country
- 8.2.3.1. China
- 8.2.3.2. Japan
- 8.2.3.3. India
- 8.2.3.4. Australia
- 8.2.3.5. Rest of Asia Pacific
- 9. South America Soup Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type
- 9.2.1.1. Instant
- 9.2.1.2. Canned
- 9.2.1.3. Dehydrated
- 9.2.1.4. Chilled
- 9.2.1.5. Others
- 9.2.2. By Distribution Channel
- 9.2.2.1. Hypermarket/Supermarkets
- 9.2.2.2. Convenience Stores
- 9.2.2.3. Online Retail
- 9.2.2.4. Others
- 9.2.3. By Country
- 9.2.3.1. Brazil
- 9.2.3.2. Argentina
- 9.2.3.3. Rest of South America
- 10. Middle East & Africa Soup Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type
- 10.2.1.1. Instant
- 10.2.1.2. Canned
- 10.2.1.3. Dehydrated
- 10.2.1.4. Chilled
- 10.2.1.5. Others
- 10.2.2. By Distribution Channel
- 10.2.2.1. Hypermarket/Supermarkets
- 10.2.2.2. Convenience Stores
- 10.2.2.3. Online Retail
- 10.2.2.4. Others
- 10.2.3. By Country
- 10.2.3.1. GCC Countries
- 10.2.3.2. UAE
- 10.2.3.3. Rest of Middle East & Africa
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Soup Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2018
- 12. Company Profiles
- 12.1. The Campbell Soup Company
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Type Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Unilever
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Type Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Nestlé S.A
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Type Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. The Kraft Heinz Company
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Type Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Premier Foods Group Limited
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Type Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Ottogi Co., Ltd
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Type Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. General Mills, Inc
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Type Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Conagra Brands, Inc.
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Type Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Baxters Food Group Limited
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Type Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Associated British Foods Plc.
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Type Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
- 14. Appendix
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