Soups Market Opportunities, Trends, Growth Analysis and Forecast to 2027

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Published: December 29, 2023 Report Code: GDCG230012GS-ST

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Soup Market Report Overview

The soup market size was estimated at $22.3 billion in 2022 and is likely to grow at a CAGR of more than 4% from 2022 to 2027. The rise in consumers’ purchasing power and investments by leading manufacturers in capacity expansion will enable the sector’s growth in the future.

Soup Market Outlook 2022-2027 ($ Billion)

Soup Market Outlook 2022-2027 ($ Billion)

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The soup market research report covers a comprehensive overview of consumption of various soups by category, for the period 2017-2027. To help market players understand future market opportunities, the report covers high-potential countries based on key factors such as economic development, governance, socio-demography, and technological infrastructure.

The actionable insights, through our elaborate soup profiling and company market share details, help gain a competitive advantage and get familiarized with offerings by leading brands. Furthermore, our analysts have reviewed the distribution channels and the packaging materials based on volume sales of soups, to identify better avenues for market reach and soup exposure.

Market Size (2022) $22.3 Billion
CAGR (2022-2027) >4%
Historic Period 2017-2021
Forecast Period 2022-2027
Key Categories •       Ambient Soup

•       Dried Soup (mixes)

•       UHT Soup

•       Chilled Soup

•       Frozen Soup
Key Regions •       Asia-Pacific

•       Middle East and Africa

•       The Americas

•       Western Europe

•       Eastern Europe
Key Distribution Channels •       Hypermarkets & Supermarkets

•       Convenience Stores

•       Dollar Stores

•       E-retailers

•       Others
Key Packaging Types •       Flexible Packaging

•       Paper & Board

•       Rigid Plastics

•       Rigid Metal

•       Glass
Leading Companies •       Unilever

•       Campbell Soup Company

•       Nestlé

•        General Mills

•       Continental Foods
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Soup Market Segmentation by Category

The key categories in the soup market are ambient soup, dried soup (mixes), UHT soup, chilled soup, and frozen soup. In 2022, the ambient soup category accounted for the highest value sales. Factors such as investments in innovation by leading manufacturers and growing health awareness will positively impact the demand for soup products around the world in the future.

Soup Market Analysis by Category, 2022 (%)

Soup Market Analysis by Category, 2022 (%)

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Soup Market Segmentation by Regions

The key regions in the soup market are Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe. The Americas was the largest soup market in the world in terms of revenue contribution in 2022. Factors such as the rising popularity of online channels and new product launches will play an important role in fueling the sector’s growth in the future. Additionally, growth in the tourism and hospitality sectors will also be instrumental in pushing up the sector’s value in the future.

In 2022, the high-potential countries in the soup market identified were Japan, India, Canada, Mexico, and Lebanon among others.

Soup Market Analysis by Regions, 2022 (%)

Soup Market Analysis by Regions, 2022 (%)

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Soup Market Segmentation by Distribution Channel

The key distribution channels in the soup market are hypermarkets & supermarkets, convenience stores, dollar stores, and e-retailers among others. In 2022, the hypermarkets & supermarkets channel accounted for the highest share of the soup sector, followed by convenience stores.

Soup Market Analysis by Distribution Channel, 2022 (%)

Soup Market Analysis by Distribution Channel, 2022 (%)
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Soup Market Segmentation by Packaging Material

The key packaging materials in the soup market are flexible packaging, paper & board, rigid plastics, rigid metal, and glass. Flexible packaging was the most used pack material in the soup industry in 2022. Additionally, the bag/sachet pack type was the most used in the soup industry in the same year.

Soup Market Analysis by Packaging Material, 2022 (%)

Soup Market Analysis by Packaging Material, 2022 (%)
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Soup Market – Competitive Landscape

The key companies in the Soup market are Campbell Soup Company, Unilever, Nestlé, General Mills, and Continental Foods among others. In 2022, Campbell Soup Company emerged as the market leader. A few of the key brands of Campbell Soup Company are Campbell’s, Habitant, Healthy Request, and Lacroix among others.

Soup Market Analysis by Companies, 2022 (%)

Soup Market Analysis by Companies, 2022 (%)

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Key Segments Covered in this Report.

Soup Category Outlook (Value, $ Billion, 2017-2027)

  • Ambient Soup
  • Dried Soup (mixes)
  • UHT Soup
  • Chilled Soup
  • Frozen Soup

Soup Regional Outlook (Value, $ Billion, 2017-2027)

  • Asia-Pacific
  • Middle East and Africa
  • The Americas
  • Western Europe
  • Eastern Europe

Soup Distribution Channel Outlook (Value, $ Billion, 2017-2027)

  • Hypermarkets & Supermarkets
  • Convenience Stores
  • Dollar Stores
  • E-retailers
  • Others

Soup Packaging Outlook (Value, $ Billion, 2017-2027)

  • Flexible Packaging
  • Paper & Board
  • Rigid Plastics
  • Rigid Metal
  • Glass

Scope

This report brings together multiple data sources and provides:

  • A comprehensive overview of the global soup sector, analyzing data from 107 countries.

  • Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging.

  • Regional overview: Provides an overview of five regions-the Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.

  • Change in consumption: Provides an overview of changes in the consumption of soup over 2017-2027, at global and regional levels.

  • High-potential countries: Provides risk-reward analysis of the top two high-potential countries in each region based on market assessment, economic development, governance indicators, socio-demographic factors, and technological infrastructure.

Reasons to Buy

  • Get the latest information on how the market is evolving to formulate sales and marketing strategies. The report offers authentic market data with a high level of detail.

  • Get up-to-date information and analysis to uncover emerging opportunities for growth within the soup sector.

  • Get a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, which can help companies gain insight into the country-specific nuances.

  • Understand the key trends that drive consumer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.

  • Gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.

Campbell Soup Company
Unilever
Nestlé
General Mills
Continental Foods
Pokka Corporation
Nagatanien
Premier Foods
Mars
Amadeh Laziz
Hormel Foods
The Kraft Heinz
Findus Group
Podravka
Orkla
Ajinomoto

Table of Contents

  • 1. Executive Summary

  • 2. Part 1: Sector Overview

    • 2.1. Current Scenario and Outlook

    • 2.2. Global Soups Sector Overview – What Are the Growth Factors, Latest Developments, and Future Inhibitors?

    • 2.3. Regional Soups Overview – What Are the Growth Factors, Latest Developments, and Future Inhibitors?

    • 2.4. Key Challenges in the Global Soups Sector

  • 3. Part 2: Shift in Overall Food Consumption Patterns

    • 3.1. Change in Consumption Levels in the Overall Food Industry, 2017–27

    • 3.2. Reasons for Shift in Consumption Patterns

  • 4. Part 3: Identifying High-Potential Countries

    • 4.1. Analysis of 10 Countries on the Basis of Risk–Reward Analysis (Market Assessment, Economic Development,

    • 4.2. Sociodemographic Factors, Governance Indicators, and Technological Infrastructure)

  • 5. Part 4: Country Deep-Dive Analysis

    • 5.1. High-Potential Country Analysis

  • 6. Part 5: Health & Wellness Analysis

    • 6.1. Value Share Analysis of Health & Wellness Market

    • 6.2. Health & Wellness Market Growth Analysis by Region

    • 6.3. Key Product Attributes

    • 6.4. Key Consumer Benefits

    • 6.5. Leading Health & Wellness Companies by Category

  • 7. Part 6: Competitive Environment

    • 7.1. Leading Companies by Value – Global

    • 7.2. Leading Companies and Brands Share Analysis – Global

    • 7.3. Leading Companies and Brands Share Analysis by Region

  • 8. Part 7: Competitive Landscape – Market Analysis

  • 9. Part 8: Market Share of Private Label

    • 9.1. Private Labels’ Share Analysis by Region

    • 9.2. Private Labels’ Share Analysis by Category

  • 10. Part 9: Key Distribution Channels

    • 10.1. Share of Key Distribution Channels – Global and Regional Level

  • 11. Part 10: Key Packaging Formats

    • 11.1. Growth Analysis by Key Pack Material and Pack Type

    • 11.2. Growth Analysis by Closure Type and Primary Outer Type

  • 12. Part 11: Select Industry Metrics

  • 13. Appendix

  • 14. Definitions

  • 15. About GlobalData

Table

Key categories by value and volume, 2022–27 – Global

Key categories by value and volume, 2022–27 – Asia-Pacific

Key categories by value and volume, 2022–27 – Middle East and Africa

Key categories by value and volume, 2022–27 – Americas

Key categories by value and volume, 2022–27 – Western Europe

Key categories by value and volume, 2022–27 – Eastern Europe

Japan: Category share

India: Category share

Canada: Category share

Mexico: Category share

Lebanon: Category share

Israel: Category share

Poland: Category share

Turkiye: Category share

Republic of Ireland: Category share

Finland: Category share

Leading companies in global soups sector (% share by value), 2022

Key pack material volume share (%), 2022

Annual volume growth by pack material (%), 2017–27

Key pack type volume share (%), 2022

Annual volume growth by pack type (%), 2017–27

Key closure type volume share (%), 2022

Annual volume growth by closure type (%), 2017–27

Key primary outer type volume share (%), 2022

Annual volume growth by primary outer type (%), 2017–27

Figures

Change in consumption levels in overall soups sector, 2017–27

Change in consumption levels in overall soups sector – Asia-Pacific, 2017–27

Change in consumption levels in overall soups sector – Middle East and Africa, 2017–27

Change in consumption levels in overall soups sector – Americas, 2017–27

Change in consumption levels in overall soups sector – Western Europe, 2017–27

Change in consumption levels in overall soups sector – Eastern Europe, 2017–27

Identifying high-potential countries, risk–reward analysis – Asia-Pacific

Identifying high-potential countries, risk–reward analysis – Middle East and Africa

Identifying high-potential countries, risk–reward analysis – Americas

Identifying high-potential countries, risk–reward analysis – Western Europe

Identifying high-potential countries, risk–reward analysis – Eastern Europe

Top five companies’ shares by brand (in value terms) in the soups sector, 2022 – Global

Top five companies’ shares by brand (in value terms) in the soups sector, 2022 – Asia-Pacific

Top five companies’ shares by brand (in value terms) in the soups sector, 2022 – Middle East and Africa

Top five companies’ shares by brand (in value terms) in the soups sector, 2022 – Americas

Top five companies’ shares by brand (in value terms) in the soups sector, 2022 – Western Europe

Top five companies’ shares by brand (in value terms) in the soups sector, 2022 – Eastern Europe

Key brands – ambient soup, 2022

Key brands – chilled soup, 2022

Key brands – dried soup (mixes), 2022

Key brands – Frozen soup, 2022

Key brands – UHT soup, 2022

Private label value and share by region, 2017–22

Private label value and share by category, 2022

Leading distribution channels by region (% share by value), 2022

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