The global gluten-free
soup market is set to witness growth at a CAGR of 7.3% and is
anticipated to reach a valuation of around US$ 4.6 Bn by 2032. As per a survey
conducted by the Food Marketing Institute, over 80% of the population need
access to thorough and ‘easy-to-understand’ ingredient lists on their labels.
As a result, numerous food firms have pioneered the practice
of providing extensive insights into its formulation, particularly when selling
‘Free-from’ products like gluten-free soups. As per the study, key companies
are implementing strategies such as the Hazard Analysis and Critical Control
Point System (HACCP).
These strategies are expected to ensure that no gluten
contamination occurs during the production, packaging, or storage processes of
food items thus boosting the gluten free soups market.
Key Takeaways from Market Study
•The global gluten-free soup market is anticipated to reach a valuation of
around US$ 2.3 Bn by the end of 2022
•Based on form, solid form is anticipated to account for over 50% of the market
share over the forecast period.
•North America gluten-free soup market is expected to witness growth at 6.9%
CAGR during the forecast period.
•In terms of sales channel, offline sales channel is projected to account for
maximum share in the coming years
•East Asia is anticipated to emerge as a prominent region for gluten-free soup
market in the forecast period
“Production of packaged dried soup by manufacturers is
anticipated to increase the shelf life of gluten-free soup. This will boost the
demand for gluten free soup in the market,” says a Future Market Insights analyst.
Competitive Landscape
The gluten-free soup market is fairly fragmented due to the
presence of multinational companies like The Campbell Soup Company, ConAgra
Brands Inc, The Kraft Heinz Company, Barilla Holdings among others.
Moreover, they are updating their current portfolio as per
the shifting demand of consumers for gluten-free food items along with
inorganic strategies like partnerships and collaborations:
Porter & Nash, a vegan soup and gravy company, has
launched sauces, soups and gravies which are gluten-free, containing kombu
seaweed that are suitable for vegans
Campbell Soup Co. acquired Pacific Foods to diversify its
soup portfolio specially in the gluten free food sector in order to cater the
rising interest of consumers regarding their wellbeing and health
Explore More Valuable Insights
Future Market Insights, in its new report, offers an
impartial analysis of the global gluten-free soup market, presenting historical
data (2017-2021) and estimation statistics for the forecast period of
2022-2032.
The study offers compelling insights based on form (liquid
form and solid form), category (vegetarian and non-vegetarian), packaging
(canned, pouched and other packaging), sales channel (offline sales channel
(supermarkets/hypermarkets, departmental stores, convenience store and other
sales channel) and online sales channel (company website and e-commerce
platform)), across seven major regions of the world.
Read Full Report: https://www.futuremarketinsights.com/reports/gluten-free-soup-market