Asia Pacific Soup Market Size, Analysis, Growth Size | 2031
Asia Pacific Soup Market Size, Analysis, Growth Size | 2031
Segments - Asia Pacific Soup Market 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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| Report ID :FB-1080
| 4.1 Rating
| 61 Reviews
| 180 Pages
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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
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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.
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The COVID-19 pandemic had increased the demand for ready-to-eat food products. This, in turn, has stimulate the growth of the market.
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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.
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Attributes |
Details |
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Report Title |
Soup Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023- 2031 |
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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), |
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Geography |
China, Japan, India, Australia and Rest of Asia Pacific |
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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 |
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
Categories
- Vegetarian Soup
- Non-vegetarian Soup
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.
Table Of Content
1. Executive Summary2. 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 (000’ 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
Methodology
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