Market Insights and Analysis: Soup Market Overview and Projections (2024-2030)
The Global 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, 2024-30.
Top leading companies in the Soup Market includes:
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
Recent Developments
- 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.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Product Type
-Canned
-Dehydrated
-UHT
-Others (Meal Kits, etc.)
- Canned soup held a significant market share in the Global Soup Market over the past few years.
By Category
-Vegan/Vegetarian
-Non Vegetarian
By Distribution Channel
-Supermarket/Hypermarket
-Convenience Stores
-Online
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Soup Market Geographic Reach:
The Geographic Reach of the Soup Market evaluates the spread and significance of Soup market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: The US, Canada, Mexico
- South America: Brazil, Argentina, Rest of South America
- Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
- Middle East & Africa: The UAE, Saudi Arabia, South Africa, Egypt, Rest of Middle East & Africa
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