Ready-to-Eat Soup Market Showcases Positive Demand for Major Product Categories during forecast period 2017-2022| Market Drivers Campbell Soup Co., The Kraft Heinz Co., Premium Foods PLC., Amy’s Kitchen Inc
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As our routine continues to remain packed with several residential, and official tasks, cooking becomes a challenge. Banking on this opportunity, several manufacturers in the food industry are focusing on offering replacement of the home meals. Increasing need for ready-to-eat food is likely to fuel demand for ready-to-eat soup. Growing trend of purchasing pre-cooked food products among customers is becoming a new battlefield for various manufacturers. In a bid to optimize on the ease of consumption and preparation, the manufacturers in the food industry are offering ready-to-eat soup products that include protein, and vegetable ingredients. Attributed to growing competition among market players, the global market is likely to witness range of new products for the vegetarian and non-vegetarian consumers.
According to a recently compiled report, the global ready-to-eat soup market is expected to represent a value of over US$ 800 Mn by the end of 2022.
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.
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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.
By sales channel, the HORECA segment is expected to represent a value of over US$ 70 Mn by the end of 2017. Online stores is expected to register the highest CAGR in the global market throughout 2022.
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).
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