North America with a major share in the Global Soup Market:
North America is projected to maintain its dominance by generating the highest revenue of $7.5billionin global soup market by 2023. The North American soup market region leads in terms of volume, with 55.9% share in 2017, and is estimated to grow at a CAGR of 0.70% during the forecast period. Rest of the World (RoW) region which includes South America, Middle East, and African regions, is projected to witness the fastest growth during the forecast period, both in terms of value and volume, with CAGR of 8.41% and 5.32% respectively. Wide varieties of soups are available in the Asia Pacific region like vegetable soups, lentil soups, and meat soups. Populated regions like China, India, Russia, and Brazil are few of the key potential countries in the soup market which will boost the global soup market.
Selected Type Analysis done in the Soup Market Report:
Global canned/preserved soup market leads at present, attaining the maximum amount of revenue. Canned/preserved soup is estimated to reach revenue of $9.16 billion by 2023, and in terms of volume, it will reach 1,531 KGM with a CAGR of 2.09% and 1.30% respectively during the forecast. Canned soups are available in two forms: condensed and ready to eat. In both the forms, the content can be vegetarian and non-vegetarian. This is followed by dehydrated soup, produced by leading brands likeKnorr (Unilever) and Maggi (Nestlé).In order to increase the shelf-life of these products, various manufacturers are using innovative packaging materials, thus propelling the demand for dehydrated soup market. The dehydrated soup market is estimated to reach revenue of $5.6 billion by 2023 and 541 KGM with a CAGR of 5.29% and 4.57% respectively during the forecast period.
Frozen soups comprise of ingredients like fatty acids, natural colors, natural flavors, high-intensity sweeteners (HIS) and flavoring. Asian consumers prefer frozen soup to another type of soups due to the hot weather conditions. Innovation in selecting healthy ingredients and regional tastes or flavors will increase the demand for a healthy frozen soup market.It is followed by instant soup market, which is the easiest to prepare. Instant soup undergoes primary and secondary packaging.
The market is estimated to reach a revenue of $1.6 billion by 2023. Chilisoupare consumed either by heating or are refrigerated. The limited shelf life of these products is one reason why the chili so upmarket is dominated by local producer and is typically packed in cartons, glass or pouches. UHT soup contains pieces of meat and vegetables, which is a bit difficult to maintain due to which the adoption rate is quite less as compared to others.
Excerpts on Soup Market Growth Factors:
The availability of departmental store and supermarket will influence the customers to select this distribution channel and thereby contributing major share during the forecast period.
Growing demand for natural and organic soup is triggering the growth in the global soup market.
Increasing desire of low-class and middle-class individuals to purchase products cheaply will bolster the growth of discount store market by volume.
24 hours availability of these store services will appeal to the night shift workers for the purchase of easily made products like soups, broth and so on.
To access / purchase the full report browse the link below
https://industryarc.com/Report/18044/soup-market.html
Key players of the Global Soup Market
Major players in the global soup market are Campbell Soup Company, General Mills, Unilever PLC, H.J. Heinz Company others. In the dehydrated soup market, the leading brands include Knorr (Unilever) and Maggi (Nestlé). The leading global brands of frozen soups include Findus (Unilever) and Bofrost (Bofrost). Chilled soups include New Covent Garden (Daniels) and Meiraku(Meiraku) and Liebig (Campbell Soup).
Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: sales@industryarc.com
Or Email 2: venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC:IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
Rohith Koluguri
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Material
rohitpatrik8189@gmail.com
https://industryarc.com/Report/18044/soup-market.html/summary?utm_source=freePR&utm_medium=18044&utm