Global Canned Soup Market

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.

  • Report ID: FB-2487
  • Author: Growth Market Reports
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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.

Global Canned Soup Market summary

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.

Attributes

Details

Report Title

Canned Soup Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

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)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

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.

Global Canned Soup Market types

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.

Global Canned Soup Market distribution channel

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.

Global Canned Soup Market region

1. Executive Summary
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.

Global Canned Soup Market keyplayers

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