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Soups and Broths Market is Booming At a highest CAGR through 2023 | Top Players - Campbell Soup Co., General Mills, Inc., Conagra Brands, Inc.
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With a CAGR of 4.8% over the forecast period, the worldwide soup and broth market is anticipated to increase from USD 15.6 billion in 2020 to USD 19.8 billion by 2025. Region, distribution method, and product type are used to segment the market. The market is divided into categories based on product type, including canned soup, chilled soup, frozen soup, UHT soup, and broth. Canned soup is the most lucrative of these, followed by chilled soup and frozen soup in terms of revenue. The market for broth is also expanding quickly because of its health advantages.
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The demand for ready-to-eat and convenience foods is increasing, changing consumer lifestyles, and increased consumer awareness of the health advantages of soup and broth consumption are just a few of the reasons driving the soup and broth market. Due to their increased busyness in recent years, customers are seeking quick and wholesome eating options. Because they are simple to prepare and provide a number of health advantages, soup and broth products are the perfect answer to this desire. Also, the COVID-19 pandemic has increased demand for soup and broth products as customers seek out foods that will strengthen their immune systems.
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Companies Covered in This Report -
Campbell Soup Co.
General Mills, Inc.
Conagra Brands, Inc.
Amy's
Trader Joe's
The Hain Celestial Group, Inc.
The Kraft Heinz Company
Knorr
Compass Group USA Inc
Baxters
Juanitas
Market Taxonomy : Soups and Broths Market
Soups and Broths Market By Product Type : Traditional, Light, Vegetarian Classics, Non Vegetarian, Organic, Noodle, Other Product Types
Soups and Broths Market By Ingredient : Tomato, Beans, Chicken
Beef, Broths, Artichokes, Mixed Vegetables, Other Ingredients
Soups and Broths Market By Sales Channel : Wholesales/ Distributor/ Direct
Supermarket/Hypermarket, Convenience Store, Online Retailers, Other Retail Format
Soups and Broths Market By Region : North America, Latin America
Europe, Japan, Asia Pacific excluding Japan, Middle East and Africa
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About Food & Beverage Division at Persistence Market Research
The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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