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

Global canned soup market is segmented by Type (Condensed and Ready-to-eat), by Category (Vegetarian and Non-Vegetarian), by Processing (Regular Soup and Organic Soup), by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Food Specialty Stores, and Online Stores), and by Geography.

Market Snapshot

Study Period:

2019-2024

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Major Players:

CAGR (2019-2024):

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 (2019-2024)

  • 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
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa

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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

  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 Forces 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 Type

      1. 5.1.1 Condensed

      2. 5.1.2 Ready-to-eat

    2. 5.2 By Category

      1. 5.2.1 Vegetarian

      2. 5.2.2 Non-Vegetarian

    3. 5.3 By Processing

      1. 5.3.1 Regular Soup

      2. 5.3.2 Organic Soup

    4. 5.4 By Distribution Channel

      1. 5.4.1 Supermarkets/Hypermarket

      2. 5.4.2 Convenince Stores

      3. 5.4.3 Food Specialty Stores

      4. 5.4.4 Online Stores

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

        4. 5.5.1.4 Rest of North America

      2. 5.5.2 Europe

        1. 5.5.2.1 Spain

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 Germany

        4. 5.5.2.4 France

        5. 5.5.2.5 Italy

        6. 5.5.2.6 Russia

        7. 5.5.2.7 Rest of Europe

      3. 5.5.3 Asia Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 Rest of Asia-Pacific

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Middle East and Africa

        1. 5.5.5.1 South Africa

        2. 5.5.5.2 United Arab Emirates

        3. 5.5.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategy Adopted by Key players

    2. 6.2 Most Active Companies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Campbell Soup Company

      2. 6.4.2 General Mills Inc

      3. 6.4.3 Hain Celestial

      4. 6.4.4 The Kraft Heinz Company

      5. 6.4.5 Unilever

      6. 6.4.6 Amy's Kitchen, Inc.

      7. 6.4.7 Baxters Food Group Limited

      8. 6.4.8 Bar Harbor Foods

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

** Subject to Availability

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