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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Market Analysis by Region
As per the soup market analysis, the North America accounts for a substantial market share. The regional market features a wide range of soup products, including canned soups, dried soups, broth, and fresh or chilled soups. It is dominated by a few major brands, but there is also a presence of smaller, niche players offering speciality or gourmet soups.
There is a growing preference for healthy and organic soup options among North American consumers. This includes low-sodium, low-calorie, and nutrient-rich soups, as well as those made with organic and non-GMO ingredients. Ethnic and exotic flavours are also gaining popularity, reflecting the diverse cultural influences in the region.
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.*
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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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