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Global Dried Soup Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Dried Soup Market is segmented by Type (Instant and Dehydrated), By Packaging (Cup, Pouch, and Canned), By Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Grocery Stores, Online Retail Stores, Other Distribution Channels), and Geography.

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Market Snapshot

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Study Period: 2016 - 2026
Base Year: 2018
Fastest Growing Market: Asia Pacific
Largest Market: North America

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Market Overview

Global Dried Soup Market is projected to register a CAGR of 3.21% during the forecast period 2019-2024.

  • Rising demand for healthy food products is expected to boost the demand for dried soups in developed economies, which accounts for a significant share in the market studied.
  • One of the key trends that may gain traction in the growth of the dried soup market is the packaging innovations in the soup market. Soup manufacturers have developed innovative and sustainable packaging, which provides better protection, tampering resistance. The packaging may also contain marketing communications and graphic designs, which can be used for marketing purposes.

 

Scope of the Report

Global Dried Soup Market is segmented by type, packaging, and distribution channel. On the basis of type, the market is segmented into instant and dehydrated. On the basis of packaging, the market is segmented into cup, pouch, and canned. On the basis of distribution channel, the market is segmnted into supermarket/hypermarket, convenience stores, grocery stores, online retail stores, others. By geography, the study provides an analysis of the dried soup market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Type
Instant
Dehydrated
By Packaging
Cup
Pouch
Canned
By Distribution Channel
Supermarket/Hypermarket
Convenience Stores
Grocery Stores
Online Retail Stores
Other Distribution Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of MEA

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Key Market Trends

Growing Demand for Ready to Eat Food

Rising working population and hectic lifestyles have left negligible time for preparing a balanced and nutritious meal. Consequently, the demand for convenience and ready-to-eat foods is experiencing a significant increase across the globe. These foods cater to both the nutritional needs and diversified tastes of consumers.  Furthermore, the introduction of value-added gluten-free and organic variants of dried soup is expected to increase product demand. Additionally, the expansion of organized distribution channels such as grocery and convenience stores, along with several online grocery portals, has enhanced the product accessibility. Apart from this, innovative product packaging with the required nutritional information and other health benefits also helps in persuading the consumers to buy dried soup.

trend 1

Europe Holds the Largest Market Share in Dried Soup Market

The dried soup market has been geographically segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The European region held the largest market share in 2015, followed by Asia-Pacific and North America. The growing demand for high-quality meals that can be prepared at short notice has helped the growth of this market in Europe. Russia is the most attractive market in this region, followed by Italy and the United Kingdom. United States is a major market in North America, but sales have been on a decline, due to health concerns related to dried soups. However, new product launches and extensive advertising by companies are expected to increase the sales during the forecast period. China and India are the major markets in Asia-Pacific. The rising disposable incomes and shift in the taste of consumers are expected to drive the growth of the market in the region.

trend 2

Competitive Landscape

The market for soups is highly fragmented with a large number of international and regional vendors, with vendors competing for innovation, pricing, and distribution. Some of the major key players in the dried soup market are B&G Foods, Inc, Campbell Soup, Hain Celestial, Kraft Heinz Company, and Unilever, among others.

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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 Type

      1. 5.1.1 Instant

      2. 5.1.2 Dehydrated

    2. 5.2 By Packaging

      1. 5.2.1 Cup

      2. 5.2.2 Pouch

      3. 5.2.3 Canned

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarket/Hypermarket

      2. 5.3.2 Convenience Stores

      3. 5.3.3 Grocery Stores

      4. 5.3.4 Online Retail Stores

      5. 5.3.5 Other Distribution Channels

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Spain

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Rest of MEA

  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 B&G Foods Inc.

      2. 6.4.2 Campbell Soup

      3. 6.4.3 General Mills

      4. 6.4.4 Hain Celestial

      5. 6.4.5 Kraft Heinz Company

      6. 6.4.6 The Kroger Co

      7. 6.4.7 Nestle

      8. 6.4.8 Unilever

      9. 6.4.9 Premier Foods

      10. 6.4.10 Harmony House Foods, Inc.

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Global Dried Soup Market market is studied from 2016 - 2026.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2018.

B&G Foods, Inc., Campbell Soup, Hain Celestial, Unilever, Premier Foods are the major companies operating in Global Dried Soup Market.

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