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Europe Soup Market - Growth, Trends and Forecasts (2020 - 2025)
Europe Soup Market is Segmented by Category (Vegetarian and Non-vegetarian soup); by Product Type (Canned/Preserved, Chilled, Dehydrated, Frozen, Instant, and UHT); by Packaging (Canned, Pouched, and Other Packaging), by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Channels, and Other Distribution Channels); and by Country
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2025
Base Year:
2019
CAGR:
3.1 %
Fastest Growing Segment:
Online Retail Stores
Largest Segment:
Canned/ Preserved
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Market Overview
Europe soup market is forecasted to grow at a CAGR of 3.10% over the forecast period 2020-2025.
- Increasing product varieties, increased demand for wellness products, and active promotions by the market players are some of the key drivers contributing to the growth of the soup market, during the forecast period.
- The high market dominance of the key players is due to their high expenditure on promotional and other marketing activities. Companies also gain a competitive advantage with an increased focus on brand recognition strategies and improving product taste and quality.
- Instant soup is one of the fastest-growing segments of the Europe soup market in the forecasted period, due to busier lifestyles and the ease of preparation that instant soups entail.
Scope of the Report
Europe soup market is segmented by category as vegetarian and non-vegetarian soups, by product type as canned/preserved, chilled, dehydrated, frozen, instant, and UHT. By packaging, the market is segmented into canned, pouched and other packaging. By distribution channel, the market is segmented as supermarkets/hypermarkets, convenience stores, online, and other distribution channels. The other distribution channels segment comprises of grocery stores, independent stores, direct selling, mixed retailers, vending and non-grocery specialists. Also, the study provides an analysis of the soup market in the emerging and established markets across the European countries, including Germany, United Kingdom, France, Spain, Russia, Italy, and Rest-of the European countries.
| By Category | |
| Vegetarian Soup | |
| Non-Vegetarian Soup |
| By Type | |
| Canned/Preserved soup | |
| Chilled soup | |
| Dehydrated soup | |
| Fgrozen soup | |
| Instant soup | |
| UHT soup |
| By Packaging | |
| Canned | |
| Pouched | |
| Other Packagings |
| By Distribution Fchannel | |
| Supermarket/Hypermarket | |
| Convenience Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
| By Country | |
| Germany | |
| United Kingdom | |
| France | |
| Spain | |
| Russia | |
| Italy | |
| Rest of Europe |
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Key Market Trends
Instant Soups Hold a Prominent Market Share
The market for instant soup in Europe has great potential to grow, because of an increase in product offerings and the onset of convenient packaging options such as canned soup, natural and tasty soup, quick soup, pouched soup, and others. Moreover, there an increasing consumer preference for instant soup as a snack item has been witnessed in recent years. There is also an increase in consumer preference for instant noodles soup, such as cup noodles soup. Europe is characterized by a high female working population compared to most other regions of the world, owing to which, the demand for convenience foods is increasing. Furthermore, companies offering high nutritious ingredients in soups along with frequent product launches by various companies operating in the segment to increase their product offerings are driving the instant soup segment.
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Increasing Demand For Soup in the Frozen Format
Frozen food increases the convenience of the working population as it can be stored for a longer period of time and can be consumed instantly. Long shelf life is one of the demanded attributes of soup, as soups otherwise have a shorter shelf life. As per the report published by the British Frozen Food Federation, the retail value of frozen ready meals in Great Britain increased from being GBP 645,923 thousand in 2016 to GBP 674,999 thousand in 2017.Â
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Competitive Landscape
Europe soup market is consolidated, with the strong presence of global and regional players, who account for more than 50% share of the market. Unilever and The Kraft Heinz Company are some of the prominent players operating in the market studied, and account for a significant market share. CSC Brands LP is one of the most active companies in terms of product launches. The major strategies adopted by the companies in the Europe soup market are new product launches, agreements/partnerships, expansions, and mergers and acquisitions.
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Category
5.1.1 Vegetarian Soup
5.1.2 Non-Vegetarian Soup
5.2 By Type
5.2.1 Canned/Preserved soup
5.2.2 Chilled soup
5.2.3 Dehydrated soup
5.2.4 Fgrozen soup
5.2.5 Instant soup
5.2.6 UHT soup
5.3 By Packaging
5.3.1 Canned
5.3.2 Pouched
5.3.3 Other Packagings
5.4 By Distribution Fchannel
5.4.1 Supermarket/Hypermarket
5.4.2 Convenience Stores
5.4.3 Online Retail Stores
5.4.4 Other Distribution Channels
5.5 By Country
5.5.1 Germany
5.5.2 United Kingdom
5.5.3 France
5.5.4 Spain
5.5.5 Russia
5.5.6 Italy
5.5.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Unilever
6.4.2 Baxters Food Group Limited
6.4.3 CSC Brands LP
6.4.4 The Kraft Heinz Company
6.4.5 The New Covent Garden Soup Company Limited
6.4.6 Premier Foods
6.4.7 Yorkshire Provender Ltd
6.4.8 Tazaki Foods
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
** Subject to Availability
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