Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | North America |
| CAGR: | 4.8 % |
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Market Overview
Global Canned Soup Market is projected to grow at a CAGR of 4.8% during the forecast period of (2020-2025)
- The consumer's paradigm shift from homemade traditional soups to ready to eat canned soups is one of the major factor driving the canned soup market across various demographics. The canned soups manufacturers are actively launching new products in the market to cater to both nutritional needs as well as diversified taste preferences
- With the growth of advancements in food and packaging technologies to improve shelf-life, combined with the innovation and introduction of new regional flavored organic canned soups, is expected to boost the sales of canned soups market.
Scope of the Report
The market studied covers the types of canned soups available in different distribution channels which include supermarkets/hypermarkets, convenience stores, food specialty stores, and online stores across the globe. The different types of canned soups majorly include condensed and ready to eat soup. Owing to an increasing number of flexitarians the canned soup market is segmented by vegetarian and non-vegetarian. Also to give a broader persepective to our clients regular soups and organic soups are studied in detailed.
| By Type | |
| Condensed | |
| Ready-to-Eat |
| By Category | |
| Vegetarian | |
| Non-Vegetarian |
| By Processing | |
| Regular Soup | |
| Organic Soup |
| By Distribution Channel | |
| Supermarkets/Hypermarket | |
| Convenince Stores | |
| Food Specialty Stores | |
| Online Stores |
| Geography | |||||||||
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Key Market Trends
Rise In Spending On Convenience Products
The convenience food products market is growing at a faster pace across the globe with an increasing number of consumers primarily Millenials investing 30% of their monthly expenditure on ready to eat or on-to-go snack products. Furthermore, the sales through a robust distribution channel have strongly augmented the convenience food market including canned soups and are expected to continue to gain momentum during the forecast. As Soups are a part of several cuisines across the globe, the canned ready to serve soups with various health claims such as organic, less sodium and others have gained strong consumer attention among the growing the time constraint consumers who are seeking convenience yet healthy food products.
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North America Emerges As The Largest Market
The increasing instances of obesity and health awareness campaigns in North America have resulted in the demand for packaged soups, which contain natural and fresh ingredients with minimum preservative content. Owing to increasing consumption of packaged soups, the canned soup market has paved the way for the manufacturers to expand their product range with more variants in flavors and taste as well as health claims. As the North American soup market is well established; the region’s self-sufficient production capabilities have made it a potential market for the foreign soup manufacturers to expand their business under different packaging techniques including canned. Increasing product varieties, increasing consumption of health and wellness products, and active promotions by the players in the market are contributing to the growth of the soup market in North America during the forecast period.
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Competitive Landscape
The global canned soup market is consolidated, particularly with the increase in the number of global and regional players who account for major share of the global market. Owing to its diversified product portfolio that includes condensed soups, microwavable soups, ready-to-eat soups, organic soups, and others, Campbell soup Company accounted for the largest share of the global canned soup market. Over the last few years, the expansion in the emerging economies has been a key strategy responsible for the company’s growtth. Other players in the market include - ConAgra Foods, General Mills, Subo Foods, The Kraft Heinz Company, General Mills, Unilever, Amy's Kitchen, among others.
Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Condensed
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5.1.2 Ready-to-Eat
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5.2 By Category
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5.2.1 Vegetarian
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5.2.2 Non-Vegetarian
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5.3 By Processing
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5.3.1 Regular Soup
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5.3.2 Organic Soup
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5.4 By Distribution Channel
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5.4.1 Supermarkets/Hypermarket
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5.4.2 Convenince Stores
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5.4.3 Food Specialty Stores
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5.4.4 Online Stores
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5.5 Geography
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5.5.1 North America
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5.5.1.1 United States
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5.5.1.2 Canada
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5.5.1.3 Mexico
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5.5.1.4 Rest of North America
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5.5.2 Europe
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5.5.2.1 Spain
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5.5.2.2 United Kingdom
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5.5.2.3 Germany
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5.5.2.4 France
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5.5.2.5 Italy
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5.5.2.6 Russia
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5.5.2.7 Rest of Europe
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5.5.3 Asia Pacific
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5.5.3.1 China
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5.5.3.2 Japan
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5.5.3.3 India
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5.5.3.4 Australia
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5.5.3.5 Rest of Asia-Pacific
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5.5.4 South America
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5.5.4.1 Brazil
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5.5.4.2 Argentina
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5.5.4.3 Rest of South America
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5.5.5 Middle East and Africa
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5.5.5.1 South Africa
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5.5.5.2 United Arab Emirates
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5.5.5.3 Rest of Middle East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Campbell Soup Company
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6.3.2 General Mills Inc
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6.3.3 Hain Celestial
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6.3.4 The Kraft Heinz Company
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6.3.5 Unilever
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6.3.6 Amy's Kitchen, Inc.
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6.3.7 Baxters Food Group Limited
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6.3.8 Bar Harbor Foods
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Canned Soup Market market is studied from 2016 - 2026.
What is the growth rate of Canned Soup Market?
The Canned Soup Market is growing at a CAGR of 4.8% over the next 5 years.
Which region has highest growth rate in Canned Soup Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Canned Soup Market?
North America holds highest share in 2020.
Who are the key players in Canned Soup Market?
Campbell Soup Company, General Mills Inc., Hain Celestial, Amy's Kitchen, Inc., Kraft Heinz Company are the major companies operating in Canned Soup Market.
