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Asia Pacific Soup Market Size, Analysis, Growth Size | 2031

Asia Pacific Soup Market

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Segments - by Categories (Vegetarian Soup and Non-vegetarian Soup), Types (Canned/Preserved Soup, Chilled Soup, Dehydrated Soup, and Others), Distribution Channels (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Others), and Geographies (China, Japan, India, Australia and Rest of Asia-Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Anuradha B. More

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Vaibhav Chandola

Editor :

Aman Singh

Report Description

The Asia Pacific soup market was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 6.1% during 2023–2031. The growth of the market is attributed to the rising disposable income coupled with increasing demand for convenience foods.

Soup is a liquid dish, which is usually made by adding savories and spices to add flavor to it. Changing lifestyle is expected to positively influence the growth of the market. Growing demand for healthier and tastier food alternatives along with the rise in the sedentary lifestyle is expected to fuel the soup market in the region. Factors, such as high availability, lesser cooking time, travel friendly, and good shelf life are adding value to the Asia Pacific soup market.

Market Drivers, Restraints, Trends, and Opportunities

Rising western influence on countries such as India and Australia and increasing awareness of the health benefits of soup are anticipated to proliferate the market growth.
The COVID-19 pandemic had increased the demand for ready-to-eat food products. This, in turn, has stimulate the growth of the market.
Increasing number of industry players that are preparing soup by adding natural additives are expected to boost the market growth.

Scope of Asia Pacific Soup Market Report

The report on the Asia Pacific 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 - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023- 2031
Segmentation	Categories (Vegetarian Soup and Non-vegetarian Soup), Types (Canned/Preserved Soup, Chilled soup, Dehydrated Soup, and Others), Distribution Channels (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Others),
Geography	China, Japan, India, Australia and Rest of Asia Pacific
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Bambino, Campbell Soup, ConAgra Foods, Nestlé, and Unilever

Asia Pacific Soup Market Segment Insights

Vegetarian soup segment to account a major market share

Based on categories, the market is segregated into vegetarian soup and non-vegetarian soup. The vegetarian soup segment is projected to account for a major market share during the forecasted period. Increased consumption of vegetarian soups owing to increasing inclination toward fitness activities. Moreover, rising number of people opting for vegan lifestyle is expected to propel the market segment.

Canned/reserved soup segment to exhibit a high CAGR

In terms of types, the market is divided into canned/preserved soup, chilled soup, dehydrated soup, and others. The canned/preserved soup segment is expected to exhibit a high CAGR during the forecast period. Increasing consumption of canned soup owing to convenience and easy availability in the supermarkets and convenience stores are expected to propel the market segment.

Supermarkets/Hypermarkets to hold a significant market share

Based on distribution channels, the market is classified as supermarkets/hypermarkets, convenience stores, online retail and others. The supermarkets/hypermarkets segment is projected to drive the Asia Pacific soup market during the forecast period. Increasing visitors in the hypermarkets owing to easy availability and presence of preferred brands at reasonable prices is speculated to foster the segment growth.

China to dominates the market

Based on geographies, the market is categorized as China, Japan, India, Australia and Rest of Asia Pacific. Increasing consumption of soup in China owing to easy availability and presence of healthy soups is driving the growth of the market in the country. The soup market in China is expected to benefit from this trend during the forecast period.

The growth of the market in China is expected to be further supported by an expansion of the ready-to-eat food market in the coming years. Conversely, the market in India is anticipated to grow at a sustainable rate owing to rising trend of opting ready-to-eat food products. Moreover, increasing number of hypermarkets and supermarkets is expected to benefit the market in India.

Segments

The Asia Pacific soup market has been segmented based on

Types

Canned/Preserved Soup
Chilled soup
Dehydrated soup
Others

Distribution Channels

Supermarkets/Hypermarkets
Convenience Stores
Online Retail
Others

Geographies

China
Japan
India
Australia
Rest of Asia Pacific

Key players

Bambino
Campbell Soup
ConAgra Foods
Nestlé
Unilever

Competitive Landscape

The major players of the market include Bambino, Campbell Soup, ConAgra Foods, Nestlé and Unilever. The demand for exotic and natural flavors is high in the countries in the region.

Companies are introducing new flavors in countries such as India, Japan, and China to expand their market share. Major players are launching promotional campaigns to increase the awareness about the health benefits of soup.

Asia Pacific 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. Canned/Preserved Soup Chilled soup Dehydrated 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. Canned/Preserved Soup Chilled soup Dehydrated 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. Canned/Preserved Soup Chilled soup Dehydrated 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. Canned/Preserved Soup Chilled soup Dehydrated 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. Canned/Preserved Soup Chilled soup Dehydrated 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. Canned/Preserved Soup Chilled soup Dehydrated 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. Bambino Campbell Soup ConAgra Foods Nestlé Unilever

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