Soup Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033 | Unilever PLC, Ottogi Co Ltd., Maruchan Inc., Imagine Foods Inc., Kewpie Corporation

"The new report published by The Business Research Company, titled ""Soup Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the soup market size has grown steadily in recent years. It will grow from $16.11 billion in 2023 to $16.73 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The soup market size is expected to see steady growth in the next few years. It will grow to $19.7 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%.

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Consumer Demand For Convenience Foods Drives Soup Market Growth
Increasing demand for convenience food is driving the growth of the soup market. Convenient food is specifically created to enhance the convenience of consumption, enabling today's lifestyle to accommodate delivery and dine-out requirements. Such cuisine is often ready to eat without extra preparation, conveniently transportable, and has a long shelf life. Increasing demand for convenience foods is expected to boost the consumption of soups, as it is widely consumed among households on daily basis. For instance, in 2021, Food Export Midwest USA, a US-based non-profit organization that promotes the export of food and agricultural products, Australia ranks 9th in the world for U.S. exports of processed foods accounts USD919 million in 2021, processed food including cooked, canned, frozen, packaged or fortifying foods items and additionally, approximately 66% of the retail food business is still dominated by supermarkets and grocery stores and around 21% of the market is occupied by cafés, restaurants, and takeaway food establishments, demonstrating consumers' ongoing preference for convenience. Therefore, the increasing demand for convenience food is expected to boost the demand for soup market during the forecast period.

Innovative Products Revolution Soup Market
Product innovations are a key trend gaining popularity in the soup market. The companies operating in the soup market or packaged soup sector are focusing on developing or manufacturing organic and plant-based soups to capture the untapped market and strengthen their business position across the globe. In April 2021, Pacific Foods Of Oregon, a subsidiary of Campbell Soup Company, is investing heavily in plant-based innovation with the launch of Creamy Oat Milk Soups and Creamy Plant-Based Broths. The creamy oat milk soups are the first oat milk-based soups to hit the market, and they are predicted to attract a larger group of audience with an interest in plant-based foods.

The soup market covered in this report is segmented -
1) By Type: Canned/Preserved Soup, Chilled Soup, Dehydrated Soup, Frozen Soup, Ultra-High Temperature Processing (UHT) Soup
2) By Category: Vegetarian Soup, Non-Vegetarian Soup
3) By Packaging: Canned, Pouched, Other Packagings
4) By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Online Stores, Other Distribution Channels

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Major companies operating in the soup market include General Mills Inc., The Kraft Heinz Company, Campbell Soup Company, Unilever PLC, Baxters Food Group Limited, Blount Fine Foods Corp., Loblaw Companies Limited, B&G Foods Inc., Conagra Brands Inc., Hain Celestial Group Inc., Kettle Cuisine LLC, Knorr Foods Co Ltd., Nissin Foods Holdings Co Ltd., Pacific Foods of Oregon LLC, Premier Foods Group Ltd., Progresso Foods Inc., The Original Soupman Inc., The Real Soup Company Limited, Trader Joe's Company, Amy's Kitchen Inc., Bear Creek Country Kitchens Inc., Dr. McDougall's Right Foods Inc., Imagine Foods Inc., Kewpie Corporation, Maruchan Inc., Nongshim Co Ltd., Ottogi Co Ltd., Sapporo Holdings Ltd., Toyo Suisan Kaisha Ltd., Wei Chuan Foods Corporation

Contents of the report:
1. Executive Summary
2. Soup Market Report Structure
3. Soup Market Trends And Strategies
4. Soup Market - Macro Economic Scenario
5. Soup Market Size And Growth
…..
27. Soup Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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