Key Factor Supporting Soup Market Development in 2025: Consumer Demand For Convenience Foods Drives Soup Market Growth

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How Large Will the Soup Market Size By 2025?
The steady enhancement in the size of the soup market has been noted in the past few years. With an estimated value of $16.73 billion in 2024, it's predicted to escalate to $17.36 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.8%. The historical expansion of this sector can be linked to various factors including a surge in the demand for easy to prepare meals, rising health consciousness among consumers, an increasing elderly demographic, the growth in the production of nutritious and ready-to-eat food items, along with the accelerated pace of urbanization.

How Big Is the Soup Market Size Expected to Grow by 2029?
It is anticipated that the soup market will exhibit consistent growth in the upcoming years, with an expected value of $20.6 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.4%. This growth projection for the forecast period is driven by factors such as stable economic growth, rise of plant-based and vegan alternatives, burgeoning interest in international and fusion foods, the expansion of online food ordering and delivery services, and fast-paced lifestyles. Key trends expected to unfold during the forecast period encompass technological and packaging innovations, premium and artisan soups, soups enriched with nutrients and functionalities, and tailored personalization options.

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Which Key Market Drivers Powering Soup Market Expansion and Growth?
The escalating preference for ready-to-eat meals is promoting the expansion of the soup market. Convenience food, specifically designed to offer enhanced ease of consumption, seamlessly integrates with the modern lifestyle that incorporates delivery and dining-out options. Offering the convenience of no additional preparation, easy transportation, and extended shelf life, these types of meals have become increasingly popular. As soups are widely used as an everyday food item in homes, this growing demand is expected to lift their consumption too. For example, a report published by the National Association of Convenience Stores (NACS) in April 2024 stated that the overall foodservice industry sales, which comprises prepared food, commissary items, and dispensed beverages, contributed to 26.9% of in-store sales in 2023, a rise from 25.6% in 2022. Additionally, sales of prepared food per store each month soared by 12.2%. Consequently, the heightened preference for convenience food is predicted to stimulate the need for the soup market in the forthcoming period.

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Which Fast-Growing Trends Are Poised to Disrupt the Soup Market?
Leading businesses in the soup market are now focusing on the launch of cup soups in response to the rising demand for easily accessible, ready-to-eat meals that suit the fast-paced modern lifestyle and provide speedy, simple meal solutions. Cup soups are instant soups availably packaged in single-serve containers, typically cups or bowls, for swift and straightforward preparation. These soups offer high protein and fiber levels due to added variety of legumes, thereby promoting a balanced nutritious intake. For example, Atlante Srl, a company based in Italy, introduced the market with Vitto brand legume cup soups in October 2023. These legume soups come in convenient to-go cups, which makes them effortlessly portable and consumable, whether you're at your desk at work or in transit. Atlante offers these soups in a plethora of flavors to suit varied palate preferences, thereby enhancing their attractiveness. Further, by using natural ingredients devoid of artificial additives, these products align perfectly with current health food trends, making them a popular choice among health-aware consumers.

What Are the Emerging Segments in the Soup Market?
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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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Soup Industry?
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.

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