Global Canned Soups Market Forecasted to Grow at a Robust CAGR of 5.8 % during Forecast 2017 – 2022

Market Research Hub (MRH) has recently announced the inclusion of a new study to its wide repository, which is titled as “Canned Soups Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”. This 261- page study provides a holistic perspective on market growth throughout the forecast period of 2017 to 2022 in terms of revenue estimates (in US$ Million) across different geographies, which include North America, the Middle East and Africa (MEA), Europe, Asia Pacific excluding Japan (APEJ) and Japan. The analysts describe each and every significant aspect and trend of the global canned soups market that concerns its growth and future projections.

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Canned soup is delicious and easy for lunches, dinners, and even snacks. These days, a hearty bowl of canned soup is one of the easiest meals around. If chosen properly, it can also be a healthful addition to diet. Bowls of healthy soups come stocked with vegetables, are rich in nutrients and have even been shown to help maintain dieters' weights. Nowadays, the trend for ready-to-eat meals are growing which significantly push manufacturers to prepare quick meals, canned soup is one of them. Soups could also be consumed as part of a dinner meal and not necessarily as a side dish. Consumers low on time availability are predicted to increase the demand for canned soups as a good lunchtime solution.

Major Insights

Manufacturers operating in the world canned soups market are anticipated to gain confidence due to several benefits of condensed wet soup achieved from multiple uses for other home-cooked food preparations. Brands are putting efforts to enhance their nutritional image, such as including more supplemental ingredients, viz. extra fiber and minerals and vitamins, and vegetable. In addition, there could be an expansion in the flavor varieties of canned soup products, which as a result propelling the market growth globally. According to the key findings, the world canned soups market is foretold to gain momentum from the rising demand for convenience foods. Analysts forecasts the global canned soups market to garner a revenue valuation of US$6.5 bn by 2022 end from a US$4.9 bn attained in 2017 at a CAGR of 5.8%.

Segmentation Analysis

This report on global canned soups market deeply analyzes the market on the basis of product type, ingredient type and geography. According to the segmentation by product, the world canned soups market is prophesied to include ready-to-serve wet soup, condensed wet soup, and others. In terms of geography, APEJ is expected to be one of the most lucrative regions with a higher revenue growth projected to continue to show face in the next few years.

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Vendor Landscape

Later, the report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Companies such as Campbell Soup Co., Knorr Foods Co. Ltd., The Kraft Heinz Co., Compass Group USA, Inc., Juanitas Foods, General Mills, Inc., Conagra Brands, Inc., Trader Joe's Company, Hain Celestial Group, Inc., Amys Kitchen, Inc., and Baxters Food Group Limited are profiled by the report authors.

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MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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This release was published on openPR.