Global Soup Market Databank
The Soup market was valued at $17,700.0 Million in 2020, and is projected to reach $32,165.6 Million by 2029 growing at a CAGR of 6.91% from 2021 to 2029. Dried segment is expected to be the highest contributor to this market, with $6,780.2 Million in 2020, and is anticipated to reach $12,331.6 Million by 2029, registering a CAGR of 6.92%. UTH segment is anticipated to reach $8,907.1 Million by 2029 with the highest CAGR of 7.03%. Dried and UTH segments collectively expected to account for about 65.7% share of the Soup market in 2020, with the former constituting around 38.3% share. UTH and Canned segments are expected to witness significant growth rates at a CAGR of 7.03% and 6.92% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 45.3% in the overall Soup market in 2020, and is anticipated to reach 45.6% by 2029.
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