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Africa Soup Market Size, Analysis, Growth Size & Trends 2031

Africa Soup Market

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Segments - by Category (Vegetarian Soup and Non-Vegetarian Soup), Type (Dehydrated Soup, Instant Soup, and Others), Packaging (Canned, Pouch, Other Packaging), Distribution Channels (Supermarket/Hypermarkets, Convenience Stores, Online Retail and Others) and Geography (South Africa and Rest of Africa) -Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031.

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Anuradha B. More

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Vaibhav Chandola

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Aman Singh

Report Description

Africa Soup Market Outlook 2031

The Africa soup market size was USD 376.5 Million in 2022 and is estimated to reach USD 534.95 Million by 2031 register a substantial CAGR of 3.98% during the forecast period, 2023–2031. The growth of the market is attributed to rising demand for convenience food and growing awareness regarding health benefits of soups. Soups are rich source of vitamins, minerals, nutrients, and protein.

The COVID-19 pandemic had an unpleasant impact on the Africa soup market due to halt in production and fluctuating supply in the market; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

Africa Soup Market Trends, Drivers, Restraints, and Opportunities

Rising health consciousness and expanding demand for convenience foods are the key factors boosting the African soup market’s growth.
Increasing disposable income, urbanization, growing working population and changing preference for soups are anticipated to spur the market in near future.
Factors such as lesser cooking time, travel-friendly, high availability, and good shelf life are further projected to drive the market expansion during the forecast period.
Innovation in terms of additional convenient packaging and extensive flavor offerings are estimated to propel the African market’s growth in coming years.
High content of salt and corn in dried products is considered to hamper an individual’s health and impede the market growth.
R&D investment and technological advancement in Africa soup market are expected to offer lucrative opportunities for the market players.

Scope of The Africa Soup Market Report

The report on the Africa 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	Soup Market - Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Category (Vegetarian Soup and Non-Vegetarian Soup), Type (Dehydrated Soup, Instant Soup, and Others), Packaging (Canned, Pouch, Other Packaging), Distribution Channels (Supermarket/Hypermarkets, Convenience Stores, Online Retail and Others)
Geography	South Africa and Rest of Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Unilever, Campbell Soup Company, Kraft Heinz, Mars, Incorporated and Nestle SA

Soup Market Segment insights

The vegetarian soup segment is projected to constitute a large market share

Based on category, the Africa soup market is segregated into vegetarian and non-vegetarian soup. The vegetarian segment is expected to account for a key share of the market during the forecast period owing to changing taste and preference of consumers towards vegan food.

The instant soup segment is anticipated to grow at a rapid pace

Based on type, the Africa soup market is segregated into dehydrated soup, instant soup, and others. The instant soup segment is anticipated to dominate the market due to growing working population and busy schedule of consumers, thereby, opting for instant soup which consumes very less time.

The Pouch segment is expected to register a substantial CAGR

Based on packaging, the Africa soup market is divided into canned, pouch and others. The pouch segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to high consumption of convenience, packed, and healthy processed food in the working population. Working people are more inclined towards healthy food including easy to make and eat food products.

however, canned segment is anticipated to expand at a rapid pace during the forecast period due to consumers inclined towards ready to eat products on account of busy schedule. The manufacturers are focusing on making new flavors and products with associated health benefits.

The Supermarket segment is estimated to propel the market expansion

Based on distribution channel, the Africa soup market is divided into supermarket/hypermarkets, convenience stores, online retail and others. The supermarket segment is expected to account for a key share of the market during the forecast period. Soups are primarily sold in supermarkets due to the persistent demand for such products in the country. Moreover, consumers who are brand conscious prefer shopping from supermarkets, because of the brand assortment in these stores.

South Africa is expected to dominate the market

In terms of geography, the market is broadly classified as South Africa and Rest of Africa. The market in South Africa is anticipated to expand at a robust CAGR during the forecast period. Consumers in this region are mainly middle to higher income groups, who can afford to pay more for added convenience, and is anticipated to boost the market growth over the coming years.

Segments

The Africa soup market has been segmented on the basis of:-

Type

Dehydrated Soup
Instant Soup
Others

Packaging

Canned
Pouch
Other

Distribution Channels

Supermarket/Hypermarkets
Convenience Stores
Online Retail
Others

Geography

South Africa
Rest of Africa

Key Players

Unilever
Campbell Soup Company
Kraft Heinz
Mars, Incorporated
Nestle SA

Competitive Landscape

Key players competing in Africa soup market include Unilever, Campbell Soup Company, Kraft Heinz, Mars, Incorporated and Nestle SA

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Africa Soup Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 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. Soup Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Soup Market - Supply Chain
  4.5. Global Soup Market Forecast
     4.5.1. Soup Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Soup Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Soup Market Absolute $ Opportunity
5. Global 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. Soup Market Size and Volume Forecast by Types
     5.3.1. Dehydrated Soup Instant Soup Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global 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. 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 Soup Demand Share Forecast, 2019-2026
7. North America 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 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 Soup Market Size and Volume Forecast by Types
     7.4.1. Dehydrated Soup Instant Soup Others
  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 Soup Demand Share Forecast, 2019-2026
8. Latin America 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 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 Soup Market Size and Volume Forecast by Types
     8.4.1. Dehydrated Soup Instant Soup Others
  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 Soup Demand Share Forecast, 2019-2026
9. Europe 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 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 Soup Market Size and Volume Forecast by Types
     9.4.1. Dehydrated Soup Instant Soup Others
  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 Soup Demand Share Forecast, 2019-2026
10. Asia Pacific 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 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 Soup Market Size and Volume Forecast by Types
     10.4.1. Dehydrated Soup Instant Soup Others
  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 Soup Demand Share Forecast, 2019-2026
11. Middle East & Africa 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 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 Soup Market Size and Volume Forecast by Types
     11.4.1. Dehydrated Soup Instant Soup Others
  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 Soup Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Soup Market: Market Share Analysis
  12.2. Soup Distributors and Customers
  12.3. Soup Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Unilever
     12.4.2. Campbell Soup Company
     12.4.3. Kraft Heinz
     12.4.4. Mars, Incorporated

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