Market Size of Asia-Pacific Soup Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.10 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Soup Market Analysis
Asia-Pacific Soup Market is projected 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 drives 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. Stable growth is expected in developed markets of Australia and Japan.