MarkNtel Advisors recently published a detailed industry analysis of the Soup Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Soup Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Soup Market size was valued at USD 11.28 billion in 2023 & is estimated to reach USD 16.25 billion by 2030. Along with this, the market is estimated to register a CAGR of 3.85% during the forecast period, 2025-30.
What are the major Driver the Soup industry?
Rising Need for Lighter Meals & Appetizers to Drive the Demand for Soups – Driven by both hectic & sedentary lifestyles in urban areas, the need for lower-calorie meals is on the rise across the globe. There are also increasing barriers to cooking with inadequate knowledge, while urban consumers are progressively time-pressed, encouraging them to search for quick & convenient lighter meals. Packaged dry soup, for instance, addresses the need for a quick and light meal, and can be easily transported and prepared by just adding hot water. This makes it particularly suitable for consumers who travel frequently. In response, major players are looking to create an array of different soup options that cater for consumers’ divergent needs.
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What segments define the Soup market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
- By Product Type
- Canned – Market Size & Forecast, 2020-2030, USD Million
- Dehydrated – Market Size & Forecast, 2020-2030, USD Million
- UHT – Market Size & Forecast, 2020-2030, USD Million
- Others (Meal Kits, etc.)– Market Size & Forecast, 2020-2030, USD Million
According to report, Canned soup held a significant market share in the Soup Market over the past few years.
- By Category
- Vegan/Vegetarian – Market Size & Forecast, 2020-2030, USD Million
- Non Vegetarian – Market Size & Forecast, 2020-2030, USD Million
- By Distribution Channel
- Supermarket/Hypermarket – Market Size & Forecast, 2020-2030, USD Million
- Convenience Stores – Market Size & Forecast, 2020-2030, USD Million
- Online – Market Size & Forecast, 2020-2030, USD Million
According to report, Supermarkets/Hypermarkets occupy a prominent position in the Soup Market.
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Geographical Analysis: Soup Market
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Soup Market Share & Competitive Landscape:
The Soup Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Soup Market are:
- General Mills
- Nestle SA
- Unilever
- Baxters Food Group Ltd.
- The Kraft Heinz Company
- The Campbell Soup Company
- Ottogi Corp.
- Asahi Group Holdings
- Hain Celestial
- Capital Foods Ltd.
- Tideford Organics
- Mars, Inc.
Soup Industry Recent Development:
- 2023: Baxter, introduced new recipes for 5 of its soups. The five enhanced soups comprise of Cream of Tomato, Minestrone, Cream of Chicken, Carrot & Coriander, and Country Garden.
- 2022: Upton's Naturals introduced the assortment of vegan soups that was expanded with 3 new recipes, each offering 8-11g of plant-based protein per serving. Furthermore, these products are non-GMO (NSF) & Plant-Based Certified, and also free from allergens.
Questions Addressed in this Study
1.What factors are driving the Soup Market growth?
2.How is the Soup Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Soup Market?
4.What is the current size of the Soup Market, and how is it projected to change in the future?
6.What is the future outlook for the Soup Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
More Research Studies Report:
-Soup Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030 with a CAGR of around 16%.
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