Packaged Soup Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Packaged Soup market, outlining insights on market size, trends, segmentation, and forecasts from 2023 to 2033. It serves as a valuable resource for stakeholders seeking to understand the competitive landscape and future growth potential in the industry.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $5.80 Billion |
| CAGR (2023-2033) | 4.8% |
| 2033 Market Size | $9.36 Billion |
| Top Companies | Campbell Soup Company, Nestlé S.A., General Mills, Inc., ConAgra Foods, Inc., Knorr (Unilever) |
| Last Modified Date | 15 Nov 2024 |
Packaged Soup Market Report (2023 - 2033)
Packaged Soup Market Overview
What is the Market Size & CAGR of Packaged Soup market in 2023 and 2033?
Packaged Soup Industry Analysis
Packaged Soup Market Segmentation and Scope
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Packaged Soup Market Analysis Report by Region
Europe Packaged Soup Market Report:
In Europe, the market size for packaged soup is anticipated to grow from USD 1.62 billion in 2023 to USD 2.61 billion by 2033. The growth is supported by the increasing trend of on-the-go meals and rising health consciousness among consumers.Asia Pacific Packaged Soup Market Report:
The Asia Pacific region is projected to experience robust growth, with the market size estimated at USD 1.10 billion in 2023 and expected to grow to USD 1.78 billion by 2033. The growth can be attributed to the increasing urban population, changing dietary habits, and a preference for convenient food options. Countries like China and Japan are leading the charge with significant market shares.North America Packaged Soup Market Report:
North America represents the largest market for packaged soup with a valuation of approximately USD 2.20 billion in 2023, projected to reach USD 3.55 billion by 2033. The region's demand is primarily driven by busy lifestyles and a strong preference for convenience foods among consumers.South America Packaged Soup Market Report:
In South America, the packaged soup market was valued at USD 0.48 billion in 2023 and is expected to increase to USD 0.77 billion by 2033. Factors driving this growth include expanding retail channels and a rising middle-class population demanding convenient food solutions.Middle East & Africa Packaged Soup Market Report:
The packaged soup market in the Middle East and Africa is valued at USD 0.40 billion in 2023, with growth expected to reach USD 0.64 billion by 2033. This growth is influenced by expanding urbanization and changing eating habits.Request a custom research report for industry.
Packaged Soup Market Analysis By Type
Global Packaged Soup Market, By Type Market Analysis (2023 - 2033)
The Packaged Soup market can be divided into several product types, each demonstrating distinct market dynamics: - Canned Soup: The largest segment with a market size of USD 3.73 billion in 2023, expected to rise to USD 6.02 billion by 2033, holding a significant share of 64.38% throughout the forecast period. - Powdered Soup: This segment is projected to grow from USD 1.19 billion in 2023 to USD 1.92 billion by 2033, representing 20.5% share. - Frozen Soup: Estimated to increase from USD 0.88 billion in 2023 to USD 1.41 billion by 2033, holding 15.12% share. - Tetra Packs: Similar to canned soup, this segment will grow substantially, reflecting strong consumer preference for such packaging.
Packaged Soup Market Analysis By Consumer Need
Global Packaged Soup Market, By Consumer Need Market Analysis (2023 - 2033)
Analyzing the market by consumer needs reveals that convenience, health benefits, and time-saving solutions are the primary drivers: - Convenience: Dominating with a size of USD 3.73 billion in 2023 and expected to rise to USD 6.02 billion by 2033, holding steady at about 64.38% share. - Health Benefits: This segment, offering nutritious and fortified options, will grow from USD 1.19 billion in 2023 to USD 1.92 billion by 2033, capturing 20.5% share. - Time-Saving: The market for packaged soups that cater to time-saving needs is estimated to move from USD 0.88 billion in 2023 to USD 1.41 billion by 2033, sustaining a 15.12% share.
Packaged Soup Market Analysis By Distribution Channel
Global Packaged Soup Market, By Distribution Channel Market Analysis (2023 - 2033)
Distribution channels play a crucial role in the packaged soup market: - Supermarkets: This channel remains dominant with a market size of USD 3.73 billion in 2023, expected to grow to USD 6.02 billion by 2033, maintaining a 64.38% market share. - Online Retail: This segment is gaining traction, moving from USD 1.19 billion in 2023 to USD 1.92 billion by 2033, reflecting a 20.5% share. - Convenience Stores: Also emerging as a notable channel, projected to grow from USD 0.88 billion in 2023 to USD 1.41 billion by 2033, representing a 15.12% market share.
Packaged Soup Market Analysis By Packaging
Global Packaged Soup Market, By Packaging Market Analysis (2023 - 2033)
The packaging of soups is also vital for market success: - Canned: The canned segment is not only dominant but also the favorite among consumers for its longevity, growing to USD 6.02 billion by 2033. - Pouches and Tetra Packs: These innovative, lightweight packaging options are experiencing growth due to their convenience in transport and use, projected to reach USD 1.41 billion in 2033.
Packaged Soup Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Packaged Soup Industry
Campbell Soup Company:
A leading manufacturer of various packaged soups and shelf-stable foods, Campbell Soup Company is known for its iconic brand and wide product portfolio.Nestlé S.A.:
Nestlé is a global food and beverage leader offering a diverse assortment of packaged soups under several brand names, focusing on convenience and health.General Mills, Inc.:
One of the largest food companies, General Mills offers a range of packaged soups focusing on flavor and innovation, targeted at health-conscious customers.ConAgra Foods, Inc.:
ConAgra produces and markets a variety of branded and private label packaged soups with a strong emphasis on convenience and taste.Knorr (Unilever):
Knorr offers a deep range of powdered and dehydrated soups, focusing on taste and quality, making it a key player in the market.We're grateful to work with incredible clients.
