Soup Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

How Are the key drivers contributing to the expansion of the soup market?
The growing preference for convenience food is propelling the expansion of the soup market. This type of food is designed to offer ease of consumption, catering to the needs of modern lifestyle that includes delivery and dining out options. Such meals are typically ready-to-eat, easy to carry, and have extended shelf-life. The rising popularity of convenience foods is set to escalate the intake of soups, which are a regular part of many households. For example, a report released by the National Association of Convenience Stores (NACS), a trade association based in the United States, noted in April 2024 that total foodservice sales, including prepared food, commissary articles, and dispensed drinks, made up 26.9% of in-store sales in 2023, marking an increase from 25.6% in 2022, and sales of prepared food per store each month rose by 12.2%. Therefore, the surge in preference for convenience food is anticipated to stimulate the demand for the soup market in the forthcoming period.

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What growth opportunities are expected to drive the soup market's CAGR through 2034?
The steady expansion of the soup market size in past years has been noticed. This will progress from $16.73 billion in 2024 to $17.36 billion in 2025, showcasing a compound annual growth rate (CAGR) of 3.8%. The rise observed in the historic period is a direct influence of the growing demand for quick-to-prepare meals, consumer interest shifting towards healthy eating patterns, an upsurge in the aging population, an increase in the availability of practical, nutrient-dense food, and accelerated urbanization rates.

Anticipated consistent expansion is on the cards for the soup market over the forthcoming years, with projections indicating a surge to $20.6 billion by 2029, seeing a 4.4% compound annual growth rate (CAGR). The upswing during the estimation period can be ascribed to factors such as economic prosperity and steadiness, the popularity of plant-based and vegan options, a growing intrigue in international and fusion dishes, an upturn in online food ordering and delivery services, and hectic lifestyles. Key trends for the duration of the projection period comprise tech advances, packaging revolutions, exquisite and artisan soups, nutrient-packed and functional soups, along with customization and personalization attributes.

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What are the emerging trends shaping the future of the soup market?
Key players in the soup industry, have tapped into the rising demand for convenient eating solutions by introducing cup soups. These cup soups offer a fitting solution for individuals with packed schedules, providing quick and effortless meal preparations. Cup soups are essentially instant soups packaged in single-serving containers, often cups or bowls, thereby making meal preparation seamless. These soups are nutrient-dense, fortified with proteins and fibers, with legumes being a major ingredient, thereby ensuring a balanced diet. For example, in October 2023, Atlante Srl, an Italian company, introduced its Vitto-branded legume cup soups. These unique soups come in transportable cups, allowing consumers to enjoy convenient meals either at their workplaces or during travel. Atlante ensures a diverse array of flavors to satisfy varying taste buds, increasing these products' attractiveness. Furthermore, the use of natural ingredients without artificial additives corresponds with prevailing health trends, making them a sought-after option for health-conscious consumers.

Which growth-oriented segments of the soup market are leading the industry's development?
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: Super markets and Hyper markets, Convenience Stores, Online Stores, Other Distribution Channels

Subsegments:
1) By Canned/Preserved Soup: Ready-to-Eat Canned Soup, Condensed Canned Soup
2) By Chilled Soup: Fresh Chilled Soup, Ready-to-Eat Chilled Soup
3) By Dehydrated Soup: Instant Soup Mixes, Dry Soup Powders
4) By Frozen Soup: Ready-to-Eat Frozen Soup, Concentrated Frozen Soup
5) By Ultra-High Temperature (UHT) Processing Soup: Ready-to-Serve UHT Soup, Concentrated UHT Soup

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What regions are leading the charge in the soup market?
North America was the largest region in the soup market in 2024 and is expected to be the fastest-growing region in the soup market share during the forecast period. The regions covered in the soup market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What companies are at the forefront of innovation in the soup market?
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

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What Is Covered In The Soup Global Market Report?

•Market Size Forecast: Examine the soup market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the soup market for a structured understanding.
•Key Players Overview: Analyze major players in the soup market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the soup market.
•Segment Contributions: Evaluate how different segments drive overall growth in the soup market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the soup market.
•Industry Challenges: Identify potential risks and obstacles affecting the soup market.
•Competitive Landscape: Review strategic developments in the soup market, including expansions, agreements, and new product launches.

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