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Global Soup Market Share, Size, Trends, Analysis, Forecast: By Category: Vegetarian, Non-Vegetarian; By Product: Liquid, Dried, Frozen, Others; By Packaging Type: Bottled, Canned, Pouched, Others; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Others; Regional Analysis; Competitive Landscape; 2024-2032
Increasing Health Consciousness to Bolster Market Growth
The increasing health consciousness of consumers and healthy eating trends have led to a surge in the soup market demand, especially during the winter seasons. Soups offer a combination of both nutrition and taste without adding many calories. The increasing demand for wellness products also makes soup an obvious choice and aids market growth. The introduction of gluten-free and organic variants has enhanced the product demand. As the emphasis on sustainability flourishes, eco-friendly soup packaging with nutritional information offered by several brands is also accelerating the growth of the market. As soups offer numerous vegan choices as well, they are popular among the vegan population, which has witnessed a significant rise in the past few years.
Increasing product launches, product offerings, emphasis on advertisement, and several new trends such as energy soups and functional soups are catalysing the market growth. Energy soups, usually drunk cold, are packaged in ready-to-drink bottles with a variety of ingredients, such as sweet potato and mango. Soup is an ideal platform for inculcating various functional ingredients as it is easier to incorporate numerous nutritious foods, such as ginger, beans, soy, and a wide range of vegetables into one soup, and as a result, is contributes to the overall growth of the soup market.
Rising Demand for Healthy Convenience Food Boosting Market Growth
The demand for convenience food owing to urbanisation is a significant driver for the growth of the soups market. The increasing working population and hectic lifestyles have increased the demand for healthy convenience foods and are escalating the sale of pouched soups, which is a strong soups market segment. Increasing disposable income and the rising living standards of the urban middle-class population is increasing the demand for easy ready-to-eat foods. Soups are famous not only as a healthy and nutritious alternative but also as comfort food which is usually delicious and satisfying.
Moreover, globalised culinary practices offer a diverse variety of soups to choose from, which is propelling the market growth. As the popularity of Asian-inspired food is soaring, the popularity of ethnic soups such as Vietnamese Pho soups is also significantly increasing. In various South Asian and developing countries, soups are also considered a representative of modernity and Westernisation. The rising popularity of frozen food, especially in North America and Europe, due to its various advantages is further accelerating the growth of frozen and refrigerated foods, consequently boosting the market growth of soup.
The growth of distributional channels is a critical aspect of the market, as shown by the market research. The robust development of supermarkets, superstores, and convenience stores around the world is one of the crucial soup market trends. Online retail shopping has considerably increased in the past few years. Expansion of instant delivery service platforms and surge in the purchasing power of consumers are also key trends in 2023 as they have boosted the demand for ready-to-eat soup. As soups are also considered immunity boosters, they are witnessing healthy demand among health-conscious consumers.
Soup Market Report Snapshots
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Soup Market Analysis
8.1 Key Industry Highlights
8.2 Global Soup Historical Market (2018-2023)
8.3 Global Soup Market Forecast (2024-2032)
8.4 Global Soup Market by Category
8.4.1 Vegetarian
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non-Vegetarian
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Soup Market by Product
8.5.1 Liquid
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Dried
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Breakup by Type
8.5.2.3.1 Instant
8.5.2.3.1.1 Historical Trend (2018-2023)
8.5.2.3.1.2 Forecast Trend (2024-2032)
8.5.2.3.2 Dehydrated
8.5.2.3.2.1 Historical Trend (2018-2023)
8.5.2.3.2.2 Forecast Trend (2024-2032)
8.5.3 Frozen
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Soup Market by Packaging Type
8.6.1 Bottled
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Canned
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Pouched
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Soup Market by Distribution Channel
8.7.1 Supermarkets and Hypermarkets
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Convenience Stores
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Online
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Food Service
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Soup Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Soup Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Soup Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Soup Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Soup Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Soup Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Campbell Soup Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 The Kraft Heinz Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Unilever PLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 General Mills Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Conagra Brands Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 B&G Foods, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Nestlé S.A.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Baxters Food Group
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 The Hain Celestial Group, Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Associated British Foods Plc
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Soup Market: Key Industry Highlights, 2018 and 2032
2. Global Soup Historical Market: Breakup by Category (USD Billion), 2018-2023
3. Global Soup Market Forecast: Breakup by Category (USD Billion), 2024-2032
4. Global Soup Historical Market: Breakup by Product (USD Billion), 2018-2023
5. Global Soup Market Forecast: Breakup by Product (USD Billion), 2024-2032
6. Global Soup Historical Market: Breakup by Packaging Type (USD Billion), 2018-2023
7. Global Soup Market Forecast: Breakup by Packaging Type (USD Billion), 2024-2032
8. Global Soup Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9. Global Soup Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10. Global Soup Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Soup Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Soup Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Soup Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Soup Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Soup Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Soup Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Soup Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Soup Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Soup Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Soup Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Soup Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Soup Market Structure
Key Questions Answered in the Report
The market reached a value of USD 19.18 billion in 2023.
The market is estimated to grow at a CAGR of 3.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 25.09 billion by 2032.
The rapid transition towards healthy and nutrition rich drinks, growing demand for convenience and ready-to-cook food products, and increasing awareness about the benefits of soup are the major drivers of the market.
The key trends in the market include the expanding online-retail sector fuelling the sale of clean-labelled soup pouches, innovations in packaging, and increasing demand from students and working population.
Vegetarian and non-vegetarian are the different categories of soup in the market.
Liquid, dried, and frozen, among others, are the various products in the market.
Yes, soups are generally considered to be healthy as they can contain nutrition of various vegetables, proteins, meat products, and culinary spices.
The packaging types of soup in the market are bottled, canned, and pouched, among others.
Campbell Soup Company, The Kraft Heinz Company, Unilever PLC, General Mills Inc., Conagra Brands Inc., B&G Foods, Inc., Nestlé S.A., Baxters Food Group, The Hain Celestial Group, Inc., and Associated British Foods Plc, among others, are the key players in the global soup market, according to the report.
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