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Soup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

August 2022 | 145 pages | ID: S452D92D29DFEN
IMARC Group

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The global soup market size reached US$ 10.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.2 Billion by 2027, exhibiting a growth rate (CAGR) of 3.35% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Soup is a liquid food product that is cooked slowly to retain the nutrition of the ingredients. It is served warm and is prepared with a combination of vegetables, meat, fish, legumes, broth, milk and other bases. Soup is a rich source of various nutrients, such as vitamins, minerals, and fiber, and has low calorie and fat content. It promotes digestion, strengthens bones, enhances digestion and cardiovascular function. It also provides relief from the common cold and flu, osteoarthritis and promotes weight loss. Soups are usually stored and packed in cans, bottles and pouches and are consumed by all age groups as a snack or quick meal. They are also available in chilled, preserved, dehydrated, frozen and ultra-high temperature (UHT) variants.

Soup Market Trends:
The increasing demand for convenience food products across the globe is one of the key factors driving the growth of the market. Due to the hectic lifestyles and busy schedules, there is a shifting consumer preference toward ready-to-eat (RTE) and healthy snacks. Additionally, the widespread adoption of packaged soup across the food and beverage industry is providing a thrust to the market growth. Packaged soups are extensively utilized in cafes, food outlets and restaurants due to the enhanced ease of preparation, high nutritional content and longer shelf life. Moreover, various product innovations, such as the development of organic soup variants, are favoring the market growth. Organic soups are manufactured using natural ingredients and do not contain added preservatives to meet the requirements of health-conscious consumers. Other factors, including the increasing demand for soups with clean ingredients in reusable and sustainable packaging solutions, along with the increasing adoption of vegan and vegetarian dietary habits, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global soup market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, category, packaging and distribution channel.

Breakup by Type:

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

Breakup by Category:

Vegetarian Soup
Non-Vegetarian Soup

Breakup by Packaging:

Canned
Pouched
Others

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being B&G Foods Inc., Baxters Food Group Limited, Blount Fine Foods, Campbell Soup Company, Conagra Brands Inc., General Mills Inc., NestlŠ¹ S.A., Ottogi Corporation, Premier Foods Group Limited, The Hain Celestial Group Inc., The Kraft Heinz Company and Unilever plc.

Key Questions Answered in This Report
1. What was the size of the global soup market in 2021?
2. What is the expected growth rate of the global soup market during 2022-2027?
3. What are the key factors driving the global soup market?
4. What has been the impact of COVID-19 on the global soup market?
5. What is the breakup of the global soup market based on the type?
6. What is the breakup of the global soup market based on the category?
7. What is the breakup of the global soup market based on the packaging?
8. What is the breakup of the global soup market based on the distribution channel?
9. What are the key regions in the global soup market?
10. Who are the key players/companies in the global soup market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL SOUP MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Canned/Preserved Soup
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Chilled Soup
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Dehydrated Soup
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Frozen Soup
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 UHT Soup
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY CATEGORY

7.1 Vegetarian Soup
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Non-Vegetarian Soup
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY PACKAGING

8.1 Canned
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Pouched
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Others
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY DISTRIBUTION CHANNEL

9.1 Supermarkets and Hypermarkets
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Convenience Stores
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Online Stores
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Others
  9.4.1 Market Trends
  9.4.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 B&G Foods Inc.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
  15.3.2 Baxters Food Group Limited
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 Blount Fine Foods
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Campbell Soup Company
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 Conagra Brands Inc.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 General Mills Inc.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 NestlŠ¹ S.A.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8 Ottogi Corporation
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 Premier Foods Group Limited
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 The Hain Celestial Group Inc.
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis
  15.3.11 The Kraft Heinz Company
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
    15.3.11.4 SWOT Analysis
  15.3.12 Unilever plc
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials

LIST OF TABLES

Table 1: Global: Soup Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Soup Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Soup Market Forecast: Breakup by Category (in Million US$), 2022-2027
Table 4: Global: Soup Market Forecast: Breakup by Packaging (in Million US$), 2022-2027
Table 5: Global: Soup Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: Global: Soup Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Soup Market: Competitive Structure
Table 8: Global: Soup Market: Key Players

LIST OF FIGURES

Figure 1: Global: Soup Market: Major Drivers and Challenges
Figure 2: Global: Soup Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Soup Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Soup Market: Breakup by Type (in %), 2021
Figure 5: Global: Soup Market: Breakup by Category (in %), 2021
Figure 6: Global: Soup Market: Breakup by Packaging (in %), 2021
Figure 7: Global: Soup Market: Breakup by Distribution Channel (in %), 2021
Figure 8: Global: Soup Market: Breakup by Region (in %), 2021
Figure 9: Global: Soup (Canned/Preserved Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Soup (Canned/Preserved Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Soup (Chilled Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Soup (Chilled Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Soup (Dehydrated Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Soup (Dehydrated Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Soup (Frozen Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Soup (Frozen Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Soup (UHT Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Soup (UHT Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Soup (Vegetarian Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Soup (Vegetarian Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Soup (Non-Vegetarian Soup) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Soup (Non-Vegetarian Soup) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Soup (Canned) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Soup (Canned) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Soup (Pouched) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Soup (Pouched) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Soup (Other Packaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Soup (Other Packaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Soup (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Soup (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Soup (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Soup (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Soup (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Soup (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Soup (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Soup (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Soup Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Soup Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: Soup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Global: Soup Industry: SWOT Analysis
Figure 87: Global: Soup Industry: Value Chain Analysis
Figure 88: Global: Soup Industry: Porter's Five Forces Analysis


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