Global Soup Market - MarkNtel

1. Global Soup Market Research Report: Forecast (2024-2030) • GET SAMPLE REPORT • MARKNTEL ADVISORS

2. Company Overviews • MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others. We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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4. Market Insights The Global Soup Market size was valued at USD 11.28 billion in 2023 & is estimated to reach USD 16.25 billion by 2030. Along with this, the market is estimated to register a CAGR of 3.85% during the forecast period, 2024-30. The rising demand for processed food products in both developed & developing nations is contributing in the expansion of the market. This surge has been attributed to several factors, including a growing workforce, an increase in working women, a fast-paced lifestyle, urbanization, and Western influence, as well as higher per capita spending on processed foods. As consumers seek out convenience, instant options like RTEs (ready-to-eat), RTDs (ready-to-drink), and other convenient food products are becoming increasingly popular choices, influencing market growth.

5. Market Drivers Rising Need for Lighter Meals & Appetizers to Drive the Demand for Soups – Driven by both hectic & sedentary lifestyles in urban areas, the need for lower-calorie meals is on the rise across the globe. There are also increasing barriers to cooking with inadequate knowledge, while urban consumers are progressively time-pressed, encouraging them to search for quick & convenient lighter meals. Packaged dry soup, for instance, addresses the need for a quick and light meal, and can be easily transported and prepared by just adding hot water. This makes it particularly suitable for consumers who travel frequently. In response, major players are looking to create an array of different soup options that cater for consumers’ divergent needs.

6. Market Segments Soup Market Report - By Product Type (Canned, Dehydrated, UHT, Others (Meal Kits, etc.)), By Category (Vegan/Vegetarian, Non Vegetarian), By Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Online), and Others

7. Top Companies General Mills, Nestle SA, Unilever, Baxters Food Group Ltd., The Kraft Heinz Company, The Campbell Soup Company, Ottogi Corp., Asahi Group Holdings, Upton's Naturals, Hain Celestial, Capital Foods Ltd., Tideford Organics, Mars, Inc., and Others

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10. MarkNtel Advisors Target Geographies- Focus Areas • MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: • -Political, Economic, Social, Technological and Environmental Analysis • -Credit Ratings provided by leading institutions • -GDP projections by bodies such as the World Bank, IMF, OECD, etc. • -Market Disruptions and the “Next Big Things”

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