Global Canned Soup Market Forecast To Register CAGR Of Over 4.60% From 2024 To 2033
Canned Soup Market Size
The global canned soup market size was valued at USD 4,987.3 million in 2024 and is expected to reach USD 7,661.2 million by 2033, at a CAGR of 4.60% during the forecast period 2024-2033.
Canned Soup Market Overview
The canned soup segment is especially popular with common freeze-dried or powdered soups that have a long shelf life and cover all the options of immediate foods or those easy to prepare when in a hurry due to a busy day. This is done through extreme temperature cooking and hermetic sealing, thus extending health-enhancing benefits as a product of food processing without refrigeration.
Many brands of canned soups come in various types like condensed and ready-to-eat soups and come in different lifestyle requests, like vegetarian, non-vegetarian, gluten-free, organic, low-sodium, among others. From tomato soup to chicken noodle soup and such interesting ones as Thai or Indian this market remains apace with the dietary as well as taste buds’ wants of the single guys and girls, couples and families.
The leading driver observed in the canned soup market is the rising tendency of consuming convenience foods due to patterns of urbanization and advanced inhabitants’ schedules. Being easy and quick to prepare, canned soups provide an option with balanced nutritional value and are suitable for working adults and other urban oriented population.
However, there are some constraints that slow down the markets progress and these preventions include preservatives and additives in canned foods. This has led to people developing a lot of concern when it comes to consumption of foods that have undergone the use of chemicals.
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Such organisation as the European Food Safety Authority supports these fears in their reports asserting pressure on the manufacturers to come up with special and unique products, but at the same time meeting the quality tests.
By type of soup, the ready-to-eat soups had the largest market share in 2023 mainly due to ease and flexibility of use. Regarding the components, non-vegetarian soups prevailed by their nutritive value, however, in recent years the segment of vegan soups is quickly developing as a result of people’s switch to plant-based meals.
Segmenting by flavor sees traditional soups like tomato and chicken noodle leading the market, with new age flavors gaining take off among the risk takers. Organic soups dominate the special categories followed section due to clean label trend while low sodium varieties as a new exciting segment. Last but not the least newer forms of operations such as online retailing came into picture which was more customer friendly, had a broad range of products to cater to the newly started trend of shopping.
BRI has comprehensively analyzed Global Canned Soup market. The driving forces, restraints, challenges, opportunities, key trends have been explained in depth to depict in depth scenario of market. Segment wise market size and market share during the forecast period is duly addressed to portray the probable picture of this Global Canned Soup industry.
The competitive landscape includes of key innovators, after market service providers, market giants as well as niche players ate studied and analyzed extensively with respect to their strengths, weaknesses as well as value addition prospects. In addition, Report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, emerging business models.
List of the prominent players in the Canned Soup Market:
- Campbell Soup Company
- Nestlé S.A.
- The Kraft Heinz Company
- General Mills Inc.
- Amy’s Kitchen Inc.
- Conagra Brands Inc.
- Baxters Food Group
- Premier Foods
- Bear Creek Country Kitchens LLC
- Bonduelle Group
- Kroger Co.
- Tesco PLC
- Unilever PLC
- Trader Joe’s
- Maruchan Inc.
- Pacific Foods of Oregon LLC
- Aldi Group
- J. Heinz Company Australia Ltd
- Hormel Foods Corporation
- Woolworths Group Limited
- Others
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