Ready-to-Eat Soup Market, By Ingredients (Mixed Vegetables, Tomato, Artichokes, Beans, Beef and Chicken), By Sales Channels, By Geography (NA, EU, APAC, and RoW) ? Analysis, Share, Trends, Size, & Forecast From 2017 ? 2028
2022-08-01
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Summary
REPORT HIGHLIGHT
The ready-to-eat soup market was valued at USD 2,160 million by 2017, growing with 2.6% CAGR during the forecast period, 2018-2028
Market Dynamics
The global ready-to-eat-soup market is one of the fastest growing sectors in the food and beverages industry across the globe. Soup is often considered as a healthy food item, suitable for consumption through all seasons. The growth of the ready-to-eat soup market is preliminary bound to micro-economic and macro-economic factors. The demand for ready-to-eat-soup is increasing due to the growing prevalence of obesity among the younger population. The key players are coming up with a new flavors, which is expected to drive the growth of the ready-to-eat-soup market in the near future.
The global ready-to-eat-soup market will grow at a significant rate in the near future as busy schedules make consumers shift towards convenient food products. The increasing availability of a large variety of flavors is steadily attracting the young generation, creating a positive impact on the growth of the market.
Technological advancements in packaging coupled with growing distribution channels such as supermarkets and hypermarkets has increased sales for the ready-to-eat soup market. In recent years, the sales of tomato soup have been increased due to its ready-to-eat availability. Introduction of proteins and vegetables in the ready-to-eat soups has lured in diet-conscious consumers, which is expected to stoke market growth.
However, decreasing popularity of packaged food items due to health concerns pertaining to preservatives is creating a negative impact. Packaged food mainly contains preservatives and additives, which is acting as a major deterrent for the market.
Ingredients Takeaway
In terms of ingredients, the market is divided as Mixed Vegetables, Tomato, Artichokes, Beans, Beef, Chicken, and Others. The tomato segment is anticipated to dominate the global read-to-eat soup market in the forthcoming years.
By Sales Channel
The market is categorized as Convenience Stores, Modern Trade, HORECA, Convenience Stores and others, depending upon sales channels. The HORECA sales channel segment is expected to lead the global market in the coming years, earning the overall market its highest revenue.
Regional Takeaway
North America is expected to dominate the global ready-to-eat soup market due to the growing urban population and increasing consumption of packaged food and beverages among consumers. The demand for soups is relatively higher in countries like the U.S. due to harsh winters and the broad distribution channel networks.
Key Vendors Takeaway
Some of the top players operating in the global ready-to-eat soup market are Campbell Soup Company, The Kraft Heinz, Yorkshire Provender, New Covent Garden Soup Limited, Amy?s Kitchen Inc., Baxter?s Food Group Limited, and Premium Foods PLC.
With the growing demand for ready to eat food products, manufacturers are entering into the strategic mergers and acquisitions to launch innovative products. For instance, The Kraft Heinz has invested US$117 mn in 2017 for a new development plant in Brazil. Campbell Soup Co. had completed its acquisitions with Pacific Foods with an aim to bring up its new distribution networks and also enhanced the quality of its customer service.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year ? 2017 ? 2021
Base Year ? 2021
Estimated Year ? 2022
Projected Year ? 2028
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies and Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY INGREDIENTS
Mixed Vegetables
Tomato
Artichokes
Beans
Beef
Chicken
Others
MARKET, BY SALES CHANNELS
Convenience Stores
Modern Trade
HORECA
Convenience Stores
Others
MARKET, BY REGION
North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America
Region
Global
TABLE OF CONTENT
1. READY-TO-EAT SOUP MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Ingredient
2.1.2. Market Snippet by Sales Channel
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. READY-TO-EAT SOUP KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. READY-TO-EAT SOUP INDUSTRY STUDY
4.1. Porter?s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. READY-TO-EAT SOUP MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. READY-TO-EAT SOUP MARKET ? BY INGREDIENT
6.1. Overview
6.1.1. Segment Share Analysis, By Ingredient, 2017 & 2028 (%)
6.2. Mixed Vegetables
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
6.3. Tomato
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
6.4. Artichokes
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
6.5. Beans
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
6.6. Beef
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
6.7. Chicken
6.7.1. Overview
6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
6.8. Others
6.8.1. Overview
6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
7. READY-TO-EAT SOUP MARKET ? BY SALES CHANNEL
7.1. Overview
7.1.1. Segment Share Analysis, By Sales Channel, 2017 & 2028 (%)
7.2. Convenience Stores
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
7.3. Modern Trade
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
7.4. HORECA
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
7.5. Convenience Stores
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
7.6. Others
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
8. READY-TO-EAT SOUP MARKET? BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2017 & 2028 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2017 ? 2028 (US$ Million)
8.2.4. North America Market Size and Forecast, By Ingredient, 2017 ? 2028 (US$ Million)
8.2.5. North America Market Size and Forecast, By Sales Channel, 2017 ? 2028 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2017 ? 2028 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Ingredient, 2017 ? 2028 (US$ Million)
8.3.5. Europe Market Size and Forecast, By Sales Channel, 2017 ? 2028 (US$ Million)
8.3.6. France
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
8.3.7. Germany
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
8.3.8. Rest of Europe
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2017 ? 2028 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Ingredient, 2017 ? 2028 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By Sales Channel, 2017 ? 2028 (US$ Million)
8.4.6. China
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
8.4.7. India
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
8.4.8. Rest of APAC
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Key Manufacturers in Rest of the World
8.5.3. Rest of the World Market Size and Forecast, By Country, 2017 ? 2028 (US$ Million)
8.5.4. Rest of the World Market Size and Forecast, By Ingredient, 2017 ? 2028 (US$ Million)
8.5.5. Rest of the World Market Size and Forecast, By Sales Channel, 2017 ? 2028 (US$ Million)
8.5.6. Latin America
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
8.5.7. Middle East and Africa
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Campbell Soup Company
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. The Kraft Heinz
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Yorkshire Provender
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. New Covent Garden Soup Limited
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Amy?s Kitchen Inc.
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Baxter?s Food Group Limited
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Premium Foods PLC
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us
List of Figures
FIGURE Ready-to-Eat Soup market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter?s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Ingredient segment market share analysis, 2017 & 2028
FIGURE Ingredient segment market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Mixed Vegetables Ready-to-Eat Soup market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Tomato Ready-to-Eat Soup market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Artichokes Ready-to-Eat Soup market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Beans Ready-to-Eat Soup market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Beef Ready-to-Eat Soup market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Chicken Ready-to-Eat Soup market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Others Ready-to-Eat Soup market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Sales Channel segment market share analysis, 2017 & 2028
FIGURE Sales Channel segment market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Convenience Stores market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Modern Trade market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE HORECA market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Convenience Stores market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Regional segment market share analysis, 2017 & 2028
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE North America Ready-to-Eat Soup market share and leading players, 2018
FIGURE Europe Ready-to-Eat Soup market share and leading players, 2018
FIGURE Asia Pacific Ready-to-Eat Soup market share and leading players, 2018
FIGURE Latin America Ready-to-Eat Soup market share and leading players, 2018
FIGURE Middle East and Africa Ready-to-Eat Soup market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE U.K. market size, forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Germany market size, forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Rest of Asia Pacific market size, forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Rest of the World market share analysis by country, 2018
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2028 (USD Million)
