Soup Market Projected to Expand Rapidly with 3.85% CAGR by 2030

MarkNtel Advisors recently published a detailed industry analysis of the Global Soup Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Soup Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Soup Market size was valued at USD 11.28 billion in 2023 & is estimated to reach USD 16.25 billion by 2030. Along with this, the market is estimated to register a CAGR of 3.85% during the forecast period, 2025-30.

Key Findings in Global Soup Market:

• Historical Analysis: 2020–2023
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- General Mills, Nestle SA, Unilever, Baxters Food Group Ltd., The Kraft Heinz Company, The Campbell Soup Company, Ottogi Corp., Asahi Group Holdings, Upton's Naturals, Hain Celestial, Capital Foods Ltd., Tideford Organics, Mars, Inc., and Others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Soup industry?

Rising Need for Lighter Meals & Appetizers to Drive the Demand for Soups – Driven by both hectic & sedentary lifestyles in urban areas, the need for lower-calorie meals is on the rise across the globe. There are also increasing barriers to cooking with inadequate knowledge, while urban consumers are progressively time-pressed, encouraging them to search for quick & convenient lighter meals. Packaged dry soup, for instance, addresses the need for a quick and light meal, and can be easily transported and prepared by just adding hot water. This makes it particularly suitable for consumers who travel frequently. In response, major players are looking to create an array of different soup options that cater for consumers’ divergent needs.

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What segments define the Global Soup Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Product Type

• Canned – Market Size & Forecast, 2020-2030, USD Million
• Dehydrated – Market Size & Forecast, 2020-2030, USD Million
• UHT – Market Size & Forecast, 2020-2030, USD Million
• Others (Meal Kits, etc.)– Market Size & Forecast, 2020-2030, USD Million

According to report, Canned soup held a significant market share in the Soup Market over the past few years. 

By Category

• Vegan/Vegetarian – Market Size & Forecast, 2020-2030, USD Million
• Non Vegetarian – Market Size & Forecast, 2020-2030, USD Million

By Distribution Channel

• Supermarket/Hypermarket – Market Size & Forecast, 2020-2030, USD Million
• Convenience Stores – Market Size & Forecast, 2020-2030, USD Million
• Online – Market Size & Forecast, 2020-2030, USD Million

According to report, Supermarkets/Hypermarkets occupy a prominent position in the Soup Market. 

Explore the Complete Global Soup Market Analysis Report – https://www.marknteladvisors.com/research-library/soup-market.html

Geographical Analysis: Global Soup Market

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global Soup Market Recent Development:

• 2023: Baxter, introduced new recipes for 5 of its soups. The five enhanced soups comprise of Cream of Tomato, Minestrone, Cream of Chicken, Carrot & Coriander, and Country Garden.
• 2022: Upton's Naturals introduced the assortment of vegan soups that was expanded with 3 new recipes, each offering 8-11g of plant-based protein per serving. Furthermore, these products are non-GMO (NSF) & Plant-Based Certified, and also free from allergens.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Soup Market?
• How is the Soup Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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