Leading Soup Distribution Channel Markets Databank

Leading Soup Distribution Channel Markets 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. Supermarkets/Hypermarkets segment is expected to be the highest contributor to this market, with $14,299.1 Million in 2020, and is anticipated to reach $25,857.8 Million by 2029, registering a CAGR of 6.85%. Online segment is anticipated to reach $2,226.0 Million by 2029 with the highest CAGR of 7.16%. Supermarkets/Hypermarkets and Convenience Stores segments collectively expected to account for about 93.2% share of the Soup market in 2020, with the former constituting around 80.8% share. Online and Convenience Stores segments are expected to witness significant growth rates at a CAGR of 7.16% and 7.14% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 19.2% in the overall Soup market in 2020, and is anticipated to reach 19.6% by 2029.