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Vegetarian frozen soups are high in demand due to growing vegan population around the globe
The vegetarian frozen soup segment holds a significant share in the market, featuring soups made with vegetables, legumes, grains, and herbs. This category has seen growth due to the increasing demand for healthy and nutritious meal options. Moreover, growing concerns towards the safety and welfare of animals is another major factor fuelling the consumption of vegetarian frozen soup and aiding the overall frozen soup market growth.
On the other hand, the non-vegetarian frozen soup segment includes soups made with meat, poultry, or seafood as the primary protein source. Non-vegetarian frozen soups are favoured by consumers who appreciate the taste and texture of meat, poultry, or seafood in their soup choices.
Freezer bags and cans continue to hold significant market shares due to their ease of storage
Canned soups have traditionally been a popular choice due to their long shelf life and ease of storage. However, the market is gradually shifting towards more convenient and sustainable packaging options like retort pouches and freezer bags. Canned soups still hold a significant market share, especially in regions with limited access to refrigeration facilities.
However, as per frozen soup market analysis, pouches are gaining significant market share in the market due to their extended shelf life, convenience, and compact storage. Polypropylene is the most used material for retort pouches in the frozen soup industry.
Freezer bags are another popular packaging option for frozen soups. They offer flexibility, easy storage, and are suitable for both commercial and household use. Freezer bags are made from durable plastic materials that can withstand freezing temperatures without compromising the quality of the soup.
Frozen Soup Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The frozen soup market is expected to grow at a CAGR of 3% between 2024 and 2032.
The major drivers of the market include rising demand for ready-to-eat food products, technological developments, and growing knowledge about the health benefits of consuming soup.
Key trends aiding market expansion include the rising focus on health, busy lifestyle, and increasing availability of a variety of flavours of frozen soups.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Based on product, the market is divided into vegetarian and non-vegetarian frozen soups.
The significant packaging segments for frozen soup are pouches, freezer bags, and cans, among others.
The various distribution channels for frozen soup are retail stores and online.
Key players in the market are Campbell Soup Company, The Kraft Heinz Company, Conagra Brands Inc., Phillips Foods, Inc., Blount Fine Foods, Tabatchnik Fine Foods, Inc., KETTLE CUISINE, LLC, Nestlé S.A., Plenus Group, Inc. (Boston Chowda), and Dr. McDougall’s Right Foods, among others.
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