Market Size of Dried Soup Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.21 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Dried Soup Market Analysis
The global dried soup market is expected to register a CAGR of 3.21% during the forecast period
- Soup is a healthy and natural dish that can be made from a wide variety of ingredients. It also helps soothe and warm the stomach. It hydrates the skin and nourishes the cells in the body because of its high water content. Hence, wIth the changing food habits and rising consumer demand for healthy and convenient food products, the demand for dried soups is expected to increase globally.
- Soup is a part of the majority of cuisines across the world. Consumers prefer instant soup mixes while dining at home instead of cooking or making soup out of fresh ingredients, which usually takes a long time. Hence, consumers tend to purchase these dried soup products as they have a longer shelf life and convenient storage facility.
- Moreover, with increased dried vegetable usage in the products, consumers are opting for these products as healthy alternatives when snacking and during meal consumption. The growth of the food-processing sector and the high demand for ready-to-eat or convenience food products among global consumers have considerably increased in recent years. The busy work lifestyle and the increasing working population is boosting the demand for dried soup globally.
- A rising working population and an increasingly busy lifestyle will likely make emerging economies the future hotspots for dried soup products. Additionally, the market is being driven by convenient packaging options, with manufacturers embracing cup-based and sustainable packaging options that only require adding hot water to make soup. These factors encourage and facilitate the consumers in the market to consume soups on the go.
