Asia-Pacific Soup Market - Growth, Trends and Forecasts (2020 - 2025)

Asia-Pacific Soup Market is segmented By Category (Vegetarian Soup and Non-Vegetarian Soup), By Type (Canned/Preserved soup, Chilled soup, Dehydrated soup, Others), By Packaging (Canned, Pouched, Other Packaging), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Others), and Geography.

Market Snapshot

Study Period:

2016-2024

Base Year:

2019

CAGR:

6.1 %

Major Players:

Largest Market:

China

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Market Overview

Asia-Pacific Soup Market  is expected to grow at a CAGR of 6.1% during the forecast period, 2020 - 2025.

  • The rising disposable income coupled with an increase in demand for convenience foods drive the growth of this market. Western influence on countries like India and the increasing awareness of the health benefits of soup in countries like Australia and Japan support the market
  • The instant soup segment is the fastest growing in India and the dried soup segment dominates the market. A stable growth is expected in developed markets of Australia and Japan. 

Scope of the Report

Asia-Pacific Soup Market is segmented by category, type, packagining, distribution channel, and geography. On the basis of category, the market is segmented into vegetarian soup and non-vegetarian soup. On the basis of type, the market is segmented into canned/preserved soup, chilled soup, dehydrated soup, others. On the basis of packaging, the market is segmented into canned, pouched, other packaging. On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online retail, others. Also, the study provides an analysis of the soup market in the emerging and established markets across the region, including China, Australia, India, Japan, and rest of the asia-pacific.

By Category
Vegetarian Soup
Non-Vegetarian Soup
By Type
Canned/Preserved soup
Chilled soup
Dehydrated soup
Others
By Packaging
Canned
Pouched
Other Packaging
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Online Retail
Others
Geography
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific

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Key Market Trends

Increasing Demand for Convenience Foods

With the changing lifestyles, the demand for convenience foods is expected to increase at a faster rate during the forecast period, compared to the past five years in the regio.There is a growing demand for convenience products, particularly among middle-to-higher-income consumers, who are in a position to pay more. The convenience of soups, which are healthier and tastier food alternatives, support the fast-paced lifestyle of these consumers. Factors, such as high availability, lesser cooking time, travel friendly, and good shelf life are added advantages in the soup market.

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China Dominates the Soup Market in the Region

There is an increased consumption of soup in the region, as soup is perceived to be both convenient and healthy. Hence, the soup market in China is expected to benefit from this trend during the forecast period. The growth of the soup market in China is expected to be further supported by an expansion of the ready-to-eat food market during the forecast period. Manufacturers employ various methods to increase their shares in the Chinese soup market. Some of these methods include distributing innovative products, enhancing their presence in new markets or regions, strengthening the base in the already existing markets, etc.

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Competitive Landscape

The market for soups in Asia-Pacific is highly fragmented with a large number of international and regional vendors. The demand for exotic and natural flavours is very high in the Asian countries and manufacturers are introducing new flavors. Also, in countries like India, the major companies are launching promotional campaigns to increase the awareness of the health benefits of soup. Some of the major players in the market include Bambino, Campbell Soup, ConAgra Foods, Nestlé, Unilever, Nissin Foods, among others.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Category

      1. 5.1.1 Vegetarian Soup

      2. 5.1.2 Non-Vegetarian Soup

    2. 5.2 By Type

      1. 5.2.1 Canned/Preserved soup

      2. 5.2.2 Chilled soup

      3. 5.2.3 Dehydrated soup

      4. 5.2.4 Others

    3. 5.3 By Packaging

      1. 5.3.1 Canned

      2. 5.3.2 Pouched

      3. 5.3.3 Other Packaging

    4. 5.4 By Distribution Channel

      1. 5.4.1 Supermarkets/Hypermarkets

      2. 5.4.2 Convenience Stores

      3. 5.4.3 Online Retail

      4. 5.4.4 Others

    5. 5.5 Geography

      1. 5.5.1 Asia Pacific

        1. 5.5.1.1 China

        2. 5.5.1.2 Japan

        3. 5.5.1.3 India

        4. 5.5.1.4 Australia

        5. 5.5.1.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Bambino

      2. 6.4.2 Campbell Soup

      3. 6.4.3 ConAgra Foods

      4. 6.4.4 General Mills

      5. 6.4.5 Nestle

      6. 6.4.6 Unilever

      7. 6.4.7 Nissin Foods

      8. 6.4.8 Kraft Heinz

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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