The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Soup Global Market Report 2024, the soup market is expected to show significant growth in the forecast period.

The soup market has been experiencing steady growth, driven by various factors such as the rising demand for convenient meals, healthier eating habits, and the increasing rate of urbanization. As consumer preferences evolve, the soup market continues to adapt and innovate to meet the demands of modern lifestyles.

Market Growth and Projections

• The soup market is set to increase from $16.11 billion in 2023 to $16.73 billion in 2024, exhibiting a CAGR of 3.8%.
• Projected growth to $19.7 billion in 2028, with a CAGR of 4.2%.
• Factors contributing to growth include economic stability, plant-based options, and the surge in online food services.

Major Trends and Influences

• Technological innovations in soup production
• Packaging innovations for convenience and sustainability
• Rise of premium and artisanal soups
• Demand for functional and nutrient-rich soup options
• Customization and personalization offerings

Consumer Demand For Convenience Foods Drives Soup Market Growth

• The increasing preference for convenience foods fuels soup market expansion.
• Soups offer ready-to-eat options suitable for today’s fast-paced lifestyles.
• Consumer reliance on supermarkets and grocery stores underlines the demand for convenient meal solutions.

Innovative Products Revolutionize Soup Market

• Product innovations focus on organic and plant-based soups.
• Pacific Foods Of Oregon introduces Creamy Oat Milk Soups and Creamy Plant-Based Broths, catering to the plant-based food trend.
• Del Monte Foods expands market reach through the acquisition of McCormick & Company, targeting the ready-to-use stocks and broths market.

Market Segmentation

1. By Type: Canned/Preserved Soup, Chilled Soup, Dehydrated Soup, Frozen Soup, Ultra-High Temperature Processing (UHT) Soup
2. By Category: Vegetarian Soup, Non-Vegetarian Soup
3. By Packaging: Canned, Pouched, Other Packagings
4. By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Online Stores, Other Distribution Channels

Regional Outlook

• North America dominated the soup market in 2023 and is expected to maintain its position as the fastest-growing region.

Conclusion

As consumer lifestyles continue to evolve, the soup market remains agile, catering to diverse preferences and needs. With a focus on convenience, health, and innovation, soup manufacturers are poised to capitalize on emerging trends and expand their market presence.

From plant-based offerings to premium varieties, the soup market reflects the dynamic nature of consumer preferences. As technological advancements and product innovations drive growth, the future of the soup market looks promising, offering a flavorful array of options for consumers worldwide.

View More On The Soup Market Report 2024 – https://www.thebusinessresearchcompany.com/report/soup-global-market-report

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The Soup Global Market Report 2024  provides an in-depth analysis on the soup market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the soup market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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