Canned Soup Market by Processing (Organic Soup and Regular Soup), Categories (Vegetarian and Non-vegetarian), Types (Ready-to-eat and Condensed), Distribution Channels (Food Specialty Stores, Convenience Stores, Online Stores, and Supermarkets/Hypermarkets), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.
The global canned soup market size is projected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to inclination toward ready-to-eat canned soups owing to convenience, efficiency of preparation, and longer storage stability.
Industrial soup became prevalent with the discovery of canning in the 19th century, and now a wide range of canned soups are available in the market. Canned soup can be used for consumption by mixing water or milk.
Canned soups are found in a wide range of combinations, tastes, and variations to meet the different requirements of customers. The worldwide canned soup business is focusing on attracting customers by providing nutritious advantages as well as a pleasant flavor.
Markets, Drivers, Restraints and Opportunity
- The presence of diversified product line with additional flavor and taste varieties, as well as medical claims, is estimated to drive the market growth.
- Growing customer preference for dietary canned soup is anticipated to drive the market expansion
- Rising awareness about canned soups benefits such as high shelf life and presence of products with nutrients, minerals, antioxidants, and proteins is expected to propel the growth of the market.
- Epidemic and the measures put in place to stop the spread of the coronavirus are disrupting the food and beverage industry throughout the world owing to issues faced in the supply and distribution chains. This, in turn, have hampered the market growth.
- Increasing consciousness regarding healthy eating has enhanced product demand that improves immunity, decreases calorie consumption, and a high protein diet. This, in turn, has created lucrative opportunities for market players.
Scope of the Report
The report on the global canned soup market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Canned Soup Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Processing (Organic Soup and Regular Soup), Categories (Vegetarian and Non- Vegetarian), Types (Ready-to-eat and Condensed), Distribution Channels (Food Specialty Stores, Convenience Stores, Online Stores, and Supermarkets/Hypermarkets) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
The Campbell Soup Company; The Kraft Heinz Company; Nestle S.A; General Mills Inc.; Unilever, and Others |
Canned Soup Market Segment Insights
Organic soup segment is expected to grow at a rapid pace
Based on processing, the market is bifurcated into organic soup and regular soup. The organic soup segment is anticipated to hold a key share of the market in the coming years due to rising demand for the products with high content of nutrition, minerals, vitamins, and proteins. Moreover, rising disposable income of consumers and increasing spending on organic products are expected to boost the segment market growth.
Vegetarian segment is projected to expand at a considerable CAGR
On the basis of categories, the canned soup market is segregated into vegetarian and non- vegetarian. The vegetarian segment is projected to expand at a considerable CAGR during the forecast period. Young population are buying premium items owing to health benefits, and they are inclining themselves toward eating healthy products. This, in turn, is stimulating the segment growth. On the other non- vegetarian segment is anticipated to account for a major market share during the forecast period due to rising demand for meat products that are high in protein.
Condensed segment to hold a significant market share
In terms of types, the market is divided into ready-to-eat and condensed. The condensed segment is projected to expand at a considerable CAGR during the forecast period. Condensed products contain essential minerals such as calcium and magnesium in large amounts and it provides long shelf life. Moreover, increasing demand from the food industry is contributing to the market segment growth.
Food specialty stores segment is anticipated to constitute a key market share
Base on distribution channels, the canned soup market is categorized as food specialty stores, convenience stores, online stores, and supermarkets/hypermarkets. The food specialty stores segment is expected to constitute a key share of the market during the projected period. The general convenience of access and durability of the packaging, packaged soups are preferable over soups served in restaurants and other food retailers.
North America is estimated to account a major market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period. Wide expansion in term of R&D investment for the development of canned soup products acts as a major driver of the market growth in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period. The growth of the market in region is attributed to increasing demand for canned soup in countries such as India and China.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Canned Soup Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Canned Soup Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Canned Soup Market - Supply Chain
4.5. Global Canned Soup Market Forecast
4.5.1. Canned Soup Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Canned Soup Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Canned Soup Market Absolute $ Opportunity
5. Global Canned Soup Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Canned Soup Market Size and Volume Forecast by Types
5.3.1. Ready-to-eat
5.3.2. Condensed
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Canned Soup Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Canned Soup Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Canned Soup Demand Share Forecast, 2019-2026
7. North America Canned Soup Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Canned Soup Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Canned Soup Market Size and Volume Forecast by Types
7.4.1. Ready-to-eat
7.4.2. Condensed
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Canned Soup Demand Share Forecast, 2019-2026
8. Latin America Canned Soup Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Canned Soup Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Canned Soup Market Size and Volume Forecast by Types
8.4.1. Ready-to-eat
8.4.2. Condensed
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Canned Soup Demand Share Forecast, 2019-2026
9. Europe Canned Soup Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Canned Soup Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Canned Soup Market Size and Volume Forecast by Types
9.4.1. Ready-to-eat
9.4.2. Condensed
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Canned Soup Demand Share Forecast, 2019-2026
10. Asia Pacific Canned Soup Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Canned Soup Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Canned Soup Market Size and Volume Forecast by Types
10.4.1. Ready-to-eat
10.4.2. Condensed
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Canned Soup Demand Share Forecast, 2019-2026
11. Middle East & Africa Canned Soup Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Canned Soup Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Canned Soup Market Size and Volume Forecast by Types
11.4.1. Ready-to-eat
11.4.2. Condensed
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Canned Soup Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Canned Soup Market: Market Share Analysis
12.2. Canned Soup Distributors and Customers
12.3. Canned Soup Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. The Campbell Soup Company
12.4.2. The Kraft Heinz Company
12.4.3. Nestle S.A; General Mills Inc.
12.4.4. Unilever
Segments Covered in the Report
The global canned soup market has been segmented on the basis of
Processing
- Organic Soup
- Regular Soup
Categories
- Vegetarian
- Non- vegetarian
Types
- Ready-to-eat
- Condensed
Distribution Channels
- Food specialty stores
- Convenience stores
- Online stores
- Supermarkets/Hypermarkets
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Keywords
- The Campbell Soup Company
- The Kraft Heinz Company
- Nestle S.A; General Mills Inc.
- Unilever
The market is very competitive in nature owing to the presence of many major players. Some of the major players competing in the global canned soup market are The Campbell Soup Company; The Kraft Heinz Company; Nestle S.A; General Mills Inc.; Unilever, And Others.
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