Overview of the Soup Industry
A soup is a liquid food combining vegetables, meat, fish, or grains with stock, water, or milk. Soup can be served either hot or cold, according to the recipe and the occasion. It has been an integral part of most global cuisines for hundreds of years due to its flexibility, nutrition, and role as both a starter and a main course.Soup is eaten worldwide in various forms, from hearty stews to light broths. It is widely accepted because it can be prepared according to the diet of the individual and his health requirements. For example, soups can be prepared with protein, vitamins, and minerals for health-conscious individuals or for those who have just recovered from an illness. Ready-to-eat and instant soup options have gained prominence in modern lifestyles as they are convenient without compromising flavor.
Growth Drivers in the Soup Market
Raising demand for Convenient Ready-to-Eat Meals
Increasing speed in modern lifestyles has led to a rise in demand for convenient food options. Soups are one of the most popular ready-to-eat products because they serve consumers who want a healthy meal without much preparation time. Single-serve, microwaveable, and long shelf life make them appealing to working professionals, students, and busy families. The taste, health, and convenience balance make soups a favorite among them. The growing urban population and the expansion of e-commerce channels further drive the accessibility and popularity of ready-to-eat soups, boosting the overall growth of the soup market globally. In July 2023, Campbell Soup Company has expanded its Well Yes Sipping Soups line, introducing new flavors aimed at health-conscious consumers.Rising Health and Wellness Trends
As health awareness continues to rise, consumers seek nutritious, low-calorie meal options, and soup is the most preferred. Manufacturers are coming up with healthier variants such as organic, gluten-free, low-sodium, and plant-based soups for health-conscious consumers. Functional soups with superfoods, vitamins, and proteins are also in high demand. Perceived as a comfort food, easy to digest, and nourishing, soup is popular across all age groups, driving growth in the market.Expansion of Flavor Innovations and Regional Varieties
Flavor innovation is an important driver in the soup market, with manufacturers releasing new, exotic, and regional flavors to meet consumers' varied tastes. Starting from traditional broths, fusion flavors, and spicy variants, the variety available in soups keeps consumers coming back for more. Recipes that are regional and culturally influenced, such as tom yum, gazpacho, and bisque, appeal to local and international markets. This diversification of flavors and innovative marketing promotes repeat purchase and expands the market toward a global consumer base. February 2024, Global flavor innovation in soups, sauces, and ready meals is growing with ethnic flavors. These are found in soups but are also widely used in sauces, seasonings, and condiments.Hindrances in the Soup Market
High Competition and Market Saturation
The soup market is highly competitive and has players from multinational corporations, local brands, and private labels. This saturation of choice makes it hard for the brands to gain ground and be differentiated in the marketplace. Consumers are often attracted to different brands due to price, flavor, and convenience, thereby decreasing brand loyalty. Moreover, small players find it hard to compete with large corporations, as they dominate shelf space and marketing efforts. To overcome this, companies must invest in innovative product development, targeted marketing strategies, and diversification to capture and retain consumer interest in a crowded marketplace.Increasing Demand for Fresh and Homemade Alternatives
Health-conscious consumers increasingly prioritize fresh and minimally processed foods, which is why demand for homemade soups and freshly prepared options is on the rise. Pre-packaged soups are perceived as less healthy due to preservatives, sodium content, and additives, creating a challenge for manufacturers. This trend is amplified by the growing popularity of meal delivery services and DIY soup kits, which offer customizable and fresh alternatives. In order to address this challenge, manufacturers must focus on clean-label products, transparent ingredient sourcing, and innovative formulations that align with consumer preferences for healthier, natural, and fresher options.Canned Soup Market
The market for canned soup continues to expand, driven by convenience, affordability, and long shelf life. Canned soups are a quick, nutritious meal solution for busy consumers. Manufacturers are developing healthier variants, such as low-sodium, organic, and plant-based variants, in response to the evolving preferences of consumers. The diversity of flavors and the appeal of ready-to-eat formats also contribute to market expansion. As the demand for convenience increases, the canned soup market is a staple in global food consumption.Non-Vegeterian Soup Market
The non-vegeterian soup market is doing well as it has gained popularity because of the need for protein-rich, tasty meal alternatives. These soups are prepared using chicken, beef, seafood, or lamb and are highly in demand due to their rich taste and nutritional value. They also cater to a wide variety of cuisines, and the market leaders are chicken noodles, beef broth, and seafood bisque. Innovations include healthier formulations like low-fat and organic options. As consumers look for convenient, filling meals, the non-vegetarian soup industry continues to grow around the world, as changing appetites and diets keep boosting demand.Convenience Store Soup Market
Convenience store soup market targets all those on-the-go who are looking for easy accessibility to meals. There are large numbers of soups they provide in can, instant, and ready-to-cook, appealing to fast-moving professionals, students, and travelers. Their huge popularity is because of its compact packaging and single-use option. The increasing demand for healthy and innovative flavors has led brands to introduce diversified products such as organic and low-sodium soups. Convenience stores are important in the soup market, offering easy access and boosting sales through strategic placement and impulse buying opportunities.Canada Soup Market
The Canadian soup market is growing steadily due to the demand for convenient, nutritious, ready-to-eat meal options. Canadians prefer soups due to their versatility, ease of preparation, and ability to satisfy diverse dietary preferences. Many offerings exist in the market, from traditional canned and dry soups to fresh and organic varieties. Demand for low-sodium, gluten-free, and plant-based soups is increasing from health-conscious consumers. Innovations in flavors and premium-quality ingredients also increase the appeal of the market. Convenience stores and e-commerce platforms are major distribution channels to expand the availability of soups across Canada. Kitskitchen Health Foods Inc. is a portfolio company of Modern Plant Based Foods and has initiated R&D on premium dried and canned soups.Italy Soup Market
The Italian soup market focuses on traditional flavors and high-quality ingredients, which represents the country's culinary culture. Where there are trends towards fresh, homemade soups in Italy, such as minestrone and zuppa di pesce, convenience and ready-to-go options are gaining ground and increasingly sought after by city-dwelling consumers. Organic, plant-based, and gluten-free soups, as well as seasonal options like rich winter broths, have gained popularity amid health-conscious trends. Developments in packaging and new e-commerce channels are continuing to spur growth in this market. The balance between tradition and modern convenience defines the evolving soup market in Italy. October 2023, At Atlante, innovation is essential for meeting the needs of discerning consumers. The company is excited to introduce a new product in the Instant Meal category: the Vitto brand Soup To Go in a cup.India Soup Market
The Indian soup market is witnessing growth due to increasing urbanization, a change in lifestyle, and a huge demand for convenience, as well as nutritionally valuable meals. People are demanding soups more and more as a healthy snack or light meal. The product mix is made up of traditional Indian flavors, such as tomato, dal, or vegetable soups, to global flavors, including chicken noodles and sweet corn soups. Manufacturers are innovating with ready-to-eat, instant, and organic options to cater to diverse consumer preferences. Expansion in retailing, such as supermarkets and e-commerce platforms, is further boosting the soup market in India. Nov 2023, The Peninsular Export Company has introduced SAARRU, India's first indigenous soup with regional variants. The brand has three soup mixes and will add more flavors shortly.UAE Soup Market
The UAE soup market is rising as the need for more convenient, ready-to-eat, and nutritious meals among busy consumers increases. A diverse population and awareness about health make soups - be it lentil or Arabic soups, to international flavors - become a staple in the modern home. Rising demand also exists for organic, low-sodium, and plant-based soups. Convenience stores, supermarkets, and e-commerce platforms have increased the availability of soups, while innovation in packaging and new flavor launches are further driving the market's growth in the UAE.Type - Market breakup in 5 viewpoints:
1. Instant2. Canned
3. Dehydrated
4. Chilled
5. Others
Category - Market breakup in 2 viewpoints:
1. Vegetarian2. Non-Vegetarian
Distribution Channel - Market breakup in 3 viewpoints:
1. Supermarkets & Hypermarkets2. Convenience Stores
3. Online
Country - Market breakup of 25 Countries Covered in the Report:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. The Campbell Soup Company2. Nestle S.A.
3. Baxters Food Group Lmt.
4. General Mills Inc.
5. Conagra Brands, Inc.
6. Premier Foods
7. Hindustan Unilever Group
8. Associated British Food Inc.
Table of Contents
Companies Mentioned
- The Campbell Soup Company
- Nestle S.A.
- Baxters Food Group Lmt.
- General Mills Inc.
- Conagra Brands, Inc.
- Premier Foods
- Hindustan Unilever Group
- Associated British Food Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | January 2025 |
Forecast Period | 2024 - 2033 |
Estimated Market Value ( USD | $ 19.48 Billion |
Forecasted Market Value ( USD | $ 25.96 Billion |
Compound Annual Growth Rate | 3.2% |
Regions Covered | Global |
No. of Companies Mentioned | 8 |