Global Ready-To-Eat Soup Market: Tomato Represents the Largest Selling Ingredient || Key Players: Baxters Food Group Ltd, New Covent Garden Soup Co. Ltd, Yorkshire Provender, and Princes Ltd (Crosse & Blackwell).
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Growth of the global ready-to-eat soup market is mainly bound to macro-economic and micro-economic factors. Demand for ready-to-eat soup is expected to increase mainly due to growing prevalence of obesity among the youth population. Moreover, surge in the number of health conscious people will further continue to impact growth of the global market positively. Attributed to these factors, the manufacturers are increasingly offering a variety of ready-to-eat soup as a replacement to home of home cooked meals in the global market.
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Demand for the ready-to-eat soup is also likely to rev up attributed to increase in the number of diet conscious people. Growing prevalence of obesity among the youth population is further likely to impact growth of the global ready-to-eat soup market positively. As these products are blended with healthy ingredients, consumption of ready-to-eat soup products will remain high in the upcoming years. Increasing consumption of ready-to-eat soup products among diet conscious people is expected to boost the sales of ready-to-eat soup products.
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With increasing number of diet conscious people, consumption of ready-to-eat soup is expected to rev up globally. Blended with healthy ingredients, sales of the ready-to-eat soup products will continue to remain concentrated among the health conscious people. Moreover, growing prevalence of obesity is also likely to witness increasing demand for the ready-to-eat soup products. These factors are expected to contribute towards growth of the global market.
Increasing preference for flavor over ingredients has led to an upsurge in demand for ready-to-eat soup products significantly. However, these products contain high amount of corn starch, which adds to the blood sugar content. These factors are expected to inhibit growth of the global ready-to-eat soup market during the forecast period.
HORECA to Represent a Leading Segment
As consumption of ready-to-eat soup continues to increase, tomato soup is expected to witness increasing demand in the food industry. Tomato as compared to other ingredients is expected to witness the highest revenue growth, recording a value of over US$ 50 Mn by the end of 2022. However, chicken is expected to register the highest CAGR in the global market throughout 2022.
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Leading market players operating in the global ready-to-eat soup market include Campbell Soup Co., The Kraft Heinz Co., Premier Foods PLC, Amys Kitchen Inc., Baxters Food Group Ltd, New Covent Garden Soup Co. Ltd, Yorkshire Provender, and Princes Ltd (Crosse & Blackwell).
Sales of the ready-to-eat soup products is expected to generate high revenue through HORECA channels. The report further reveals that the HORECA segment is expected to represent more than US$ 70 Mn in the global ready-to-eat soup market. Sales of the ready-to-eat soup will remain fast through the online stores through 2022.
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