Soup Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2024-2032)

Global Soup Market Size

The global soup market size attained a value of USD 19.18 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.0% to reach USD 25.09 billion by 2032.

Soup is a liquid food mostly prepared by cooking vegetables, fish, legumes, and meat, among others, with seasoning in water, milk, or any liquid medium. Soups are often slow-cooked and retain the nutrition of their ingredients. They are also commonly consumed during illnesses as the consumption of soups accounts for various health benefits. They can promote digestion, enhance heart function, aid in weight loss, and strengthen bones.

The increasing demand for instant soup with additional nutrition, which can serve as an appetiser or as a complementary side dish to proper heavy meals, is contributing to the soup market growth. Instant dry soup mixes loaded with vegetables and nutritional combinations, such as creamy potato, broccoli cheddar, pea, scallion, ginger, and mushroom, among others, are gaining traction among the working population, augmenting the market share. Meanwhile, soups can also serve as a source of rich nutrition for school/college students or those living alone who are facing the problem of the inaccessibility of healthy snacks. In this regard, the convenience and nutritional benefits offered to consumers far from home through soup are likely to expand the share of the instant soup market.

Meanwhile, the demand for organic soups is likely to witness a spike in the forecast period, because of the medicinal properties and rich flavours of organic soups. Innovative organic soup recipes such as green vegetables with wakame seaweed and thongweed soup and organic pumpkin with quinoa and kombu seaweed soup are rich in vitamins and minerals and can be beneficial for those suffering from high blood pressure and their demand can increase the overall organic soup market revenue.

Over the forecast period, the anticipated increase in the prevalence of chronic blood pressure-related disorders, dementia, and metabolic syndromes, among others, coupled with the increasing accessibility of organic soups via the e-commerce channel also boosts the demand for organic soup. At a regional level, in North America, the U.S. soup market accounts for a decent portion of the market share.

Soup Market Report Snapshots

Soup Market Size

Soup Market Growth

Soup Market Regional Analysis

Soup Companies