Global Soups Market Size and Opportunities, 2023 Update

Global Soups Market Size and Opportunities, 2023 Update

Summary

The global soups sector’s value will grow from $22.3 billion in 2022 to $28.3 billion in 2027, increasing at a compound annual growth rate (CAGR) of 4.9%. In terms of value, ambient soup was the largest category, with a share of 40.3%, in 2022. Dried soup (mixes) will increase in value share from 39.7% in 2022 to 45.2% in 2027. The rise in consumers’ purchasing power and investments by leading manufacturers in capacity expansion will enable the sector’s growth in the future. Ambient soup made up 59.8% of the sector’s volume in 2022.

This report brings together multiple data sources to provide a comprehensive overview of the global soups sector, analyzing data from 107 countries. It includes an analysis of the following -

Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-the Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.
Change in consumption: Provides an overview of changes in the consumption of soups over 2017–27, at global and regional levels.
High-potential countries: Provides risk-reward analysis of the top two high-potential countries in each region based on market assessment, economic development, governance indicators,socio-demographic factors, and technological infrastructure.

Scope

Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-the Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.

Reasons to Buy

Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the soups sector.

The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.

The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.

To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.