According to Future Market Insights, sales of canned soup
are estimated to reach a value of US$ 5.3 Bn by 2032, surging at a 6.6% CAGR during
the forecast period (2022-2032). Canned soup is made with fresh vegetables, meat
and has become increasingly popular due to its nutritional and lengthy shelf
life.
Furthermore, consumers prefer canned soup products to alternative protein
sources because of benefits such as balanced macro and micronutrients, as well
as high protein content. As the consumption of processed foods is increasing
across the globe, the demand in the market is expected to surge.
Other factors influencing the growth in the market include increase in
the working population, fast-paced lifestyle, and per capita spending on
processed food goods, among others. Also, growing demand for ready-to-eat food
products and rising health concerns will boost the market.
Canned soups are a widely available, handy, and are convenient as ready-to-eat
food product. With growing prevalence of obesity in North America, demand for
boxed soups made with natural, fresh ingredients and minimal preservatives is
increasing.
Key Takeaways
●
The U.S. canned soup market is expected to witness
fastest growth over the forecast period due to the high presence of leading
companies.
●
Europe canned soup market will surpass US$ 868 Mn,
accounting for 31% of demand share in the global market
●
Based on type, the condensed soup segment will
remain dominant due to increased health benefits.
●
In terms of processing, the organic condensed soup
will remain highly sought-after over the forecast period.
“Increased demand for packaged and ready-to-eat
food products will favor the sales of canned soup across the globe. With
increased spending on convenient food products, key players are likely to
introduce new flavors to expand their consumer base”, says a lead
analyst at Future Market Insights.
Competitive
landscape
Some of the players in the market are Campbell Soup Company Amy’s Kitchen
Inc, General Mills Inc., The Kraft Heinz Company, Baxters Food Group, Unilever,
Struik Foods Europe NV, Vanee Foods Company, BCI Foods Inc., Hain Celestial.
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Valuable Insights
Future Market Insights, in its new offering, provides an unbiased
analysis of canned soup presenting historical demand data (2017-2021) and
forecast statistics for the period from 2022-2032
Canned Soup Market
By Category
By Type:
- Condensed
- Ready-to-eat
By Category:
- Vegetarian
- Non vegetarian
By Processing:
- Regular Soup
- Organic Soup
By Distribution Channels:
- Supermarkets
- Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
Access Full Report: https://www.futuremarketinsights.com/reports/canned-soup-market