Soups in the United States
Summary
Soups in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The soups market consists of the retail sale of ambient soup, dried soup (mixes), chilled soup, UHT soup and frozen soup products. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2023 exchange rates.
- The US Soups market had total revenues of $8,771.5 million in 2023, representing a compound annual growth rate (CAGR) of 7.3% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 4.6% between 2018 and 2023, to reach a total of 1,751 million kilograms in 2023.
- The performance of the market is forecast to decelerate, with an anticipated CAGR of 4.2% for the five-year period 2023-28, which is expected to drive the market to a value of $10,754.3 million by the end of 2028.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the soups market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the soups market in the United States
- Leading company profiles reveal details of key soups market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States soups market with five year forecasts by both value and volume
- What was the size of the United States soups market by value in 2023?
- What will be the size of the United States soups market in 2028?
- What factors are affecting the strength of competition in the United States soups market?
- How has the market performed over the last five years?
- How large is the United States’s soups market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market share
- 1.8. Market rivalry
- 1.9. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 4.3. Market distribution
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players in the US soups market?
- 7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2018-2023)?
- 7.4. Which companies market shares have suffered in the last 5 years (2018-2023)?
- 7.5. What are the most popular brands in the US soups market?
- 8 Company Profiles
- 8.1. The Kraft Heinz Co
- 8.2. Campbell Soup Company
- 8.3. General Mills Inc
- 8.4. The Hain Celestial Group, Inc.
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: United States soups market value: $ million, 2018-23
- Table 2: United States soups market volume: million kilograms, 2018-23
- Table 3: United States soups market category segmentation: % share, by value, 2018-2023
- Table 4: United States soups market category segmentation: $ million, 2018-2023
- Table 5: United States soups market geography segmentation: $ million, 2023
- Table 6: United States soups market distribution: % share, by value, 2023
- Table 7: United States soups market value forecast: $ million, 2023-28
- Table 8: United States soups market volume forecast: million kilograms, 2023-28
- Table 9: United States soups market share: % share, by value, 2023
- Table 10: The Kraft Heinz Co: key facts
- Table 11: The Kraft Heinz Co: Annual Financial Ratios
- Table 12: The Kraft Heinz Co: Key Employees
- Table 13: The Kraft Heinz Co: Key Employees Continued
- Table 14: Campbell Soup Company: key facts
- Table 15: Campbell Soup Company: Annual Financial Ratios
- Table 16: Campbell Soup Company: Key Employees
- Table 17: Campbell Soup Company: Key Employees Continued
- Table 18: General Mills Inc: key facts
- Table 19: General Mills Inc: Annual Financial Ratios
- Table 20: General Mills Inc: Key Employees
- Table 21: The Hain Celestial Group, Inc.: key facts
- Table 22: The Hain Celestial Group, Inc.: Annual Financial Ratios
- Table 23: The Hain Celestial Group, Inc.: Key Employees
- Table 24: United States size of population (million), 2019-23
- Table 25: United States real gdp (constant 2010 prices, $ billion), 2019-23
- Table 26: United States gdp (current prices, $ billion), 2019-23
- Table 27: United States inflation, 2019-23
- Table 28: United States consumer price index (absolute), 2019-23
- Table 29: United States exchange rate, 2018-23
- List of Figures
- Figure 1: United States soups market value: $ million, 2018-23
- Figure 2: United States soups market volume: million kilograms, 2018-23
- Figure 3: United States soups market category segmentation: $ million, 2018-2023
- Figure 4: United States soups market geography segmentation: % share, by value, 2023
- Figure 5: United States soups market distribution: % share, by value, 2023
- Figure 6: United States soups market value forecast: $ million, 2023-28
- Figure 7: United States soups market volume forecast: million kilograms, 2023-28
- Figure 8: Forces driving competition in the soups market in the United States, 2023
- Figure 9: Drivers of buyer power in the soups market in the United States, 2023
- Figure 10: Drivers of supplier power in the soups market in the United States, 2023
- Figure 11: Factors influencing the likelihood of new entrants in the soups market in the United States, 2023
- Figure 12: Factors influencing the threat of substitutes in the soups market in the United States, 2023
- Figure 13: Drivers of degree of rivalry in the soups market in the United States, 2023
- Figure 14: United States soups market share: % share, by value, 2023
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