Soup Market Scope & Overview

The Soup Market Size was valued at USD 18.26 billion in 2022 and is projected to reach USD 23.50 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.2% during the forecast period from 2023 to 2030.

The Soup Market has witnessed substantial growth in recent years, and this upward trajectory is expected to continue in the coming decade. Factors such as changing consumer preferences, increasing health consciousness, and the convenience offered by ready-to-eat soups have contributed to the market's expansion.

With a current valuation of USD 18.26 billion, the soup market has already established a strong foundation. However, the market is poised for even greater growth, with a projected value of USD 23.50 billion by 2030. This growth can be attributed to several factors, including the rising demand for nutritious and convenient food options, particularly among urban populations.

Furthermore, the compound annual growth rate (CAGR) of 3.2% over the forecast period indicates a steady and sustainable expansion of the soup market. This growth rate signifies the market's ability to adapt to changing consumer preferences and capitalize on emerging trends.

The forecast period from 2023 to 2030 presents ample opportunities for market players to capitalize on the growing demand for soups. By offering innovative flavors, healthier ingredients, and convenient packaging options, companies can position themselves for success in this thriving market.

In conclusion, the soup market is expected to witness significant growth in the coming years, with a projected value of USD 23.50 billion by 2030. This growth is driven by factors such as evolving consumer preferences and the convenience and health benefits offered by soups. Market players should focus on innovation and meeting consumer demands to tap into the immense potential of this expanding market.

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Major Key Players Included are:

Major company profiles included in soup market are Ajinomoto co., inc., B&g foods inc., Campbell soup company, Conagra brands, inc., General mills inc., Kettle cuisine, llc,, Nestle s. A., The hain celestial group, The kraft heinz company, Unilever plc.

Market Segmentation & Sub-segmentation included are:

By Type:

  • Canned/Preserved Soup
  • Chilled Soup
  • Dehydrated Soup
  • Frozen Soup
  • UHT Soup

By Category:

  • Vegetarian Soup
  • Non-Vegetarian Soup

By Packaging:

  • Canned
  • Pouched
  • Others

By Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others

Table of Contents

1.Introduction

2.Research Methodology

3.Market Dynamics

4.Impact Analysis

4.1.COVID-19 Impact Analysis

4.2.Impact of Ukraine- Russia war

4.3.Impact of Ongoing Recession on Major Economies

5.Value Chain Analysis

6.Porter’s 5 Forces Model

7.PEST Analysis

8.Global Soup market segmentation, by Types

9.Global soup market segmentation, by Category:

10.Global Soup market segmentation by Packaging:

11.Global Soup market segmentation by Distribution Channel:

12.Global Soup market, by region/ country

13.Company profiles

14.Competitive Landscape

15.Conclusion

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