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In 2024, Netto announced the launch of its autonomous supermarket in Regensburg, Germany.
According to MarkNtel Advisors study, The Global Soup Market size was valued at USD 11.28 billion in 2023 & is estimated to reach USD 16.25 billion by 2030. Along with this, the market is estimated to register a CAGR of 3.85% during the forecast period, 2025-30.
Driven by both hectic & sedentary lifestyles in urban areas, the need for lower-calorie meals is on the rise across the globe. There are also increasing barriers to cooking with inadequate knowledge, while urban consumers are progressively time-pressed, encouraging them to search for quick & convenient lighter meals. Packaged dry soup, for instance, addresses the need for a quick and light meal, and can be easily transported and prepared by just adding hot water. This makes it particularly suitable for consumers who travel frequently. In response, major players are looking to create an array of different soup options that cater for consumers’ divergent needs.
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Key Findings in Soup Market:
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Historical Years |
2020-2023 |
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Base Years |
2024 |
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Forecast Years |
2025-2030 |
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Key Report Highlights |
· Market Dimensions & Projections · Pricing Evaluation, · Recent Strategic Moves by Companies, · Primary Stakeholders, · Analysis of Import and Export Trends, · Competitive Landscape Assessment, · Emerging Opportunities, · Market Trends and Indicators |
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Reports Delivery Format
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Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 25 hours of the payment being successfully received, the report will be sent to your email address. |
Soup Market Key Players:
General Mills, Nestle SA, Unilever, Baxters Food Group Ltd., The Kraft Heinz Company, The Campbell Soup Company, Ottogi Corp., Asahi Group Holdings, Upton's Naturals, Hain Celestial, Capital Foods Ltd., Tideford Organics, Mars, Inc., and Others
Market Segmentation Overview:
By Product Type
-Canned
-Dehydrated
-UHT
-Others (Meal Kits, etc.)
Canned soup held a significant market share in the Soup Market over the past few years. This type of soup undergoes commercial processing, high-temperature cooking, and sealing in cans or jars to extend its shelf life without refrigeration. The growth of the market can be attributed to its noteworthy attributes such as convenience, availability, and variety. Canned soups present a quick and easy meal solution for consumers that demands minimal effort in preparation. These soups have a long shelf life, making them ideal for emergencies where a reliable food source is necessary during natural catastrophes, power outages, or other crises. Canned soups provide a convenient meal option for consumers seeking quick and easy solutions without the need for intense cooking or preparation, thus making it one of the most preferable soup type.
By Category
-Vegan/Vegetarian
-Non Vegetarian
By Distribution Channel
-Supermarket/Hypermarket
-Convenience Stores
-Online
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By Region
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The Soup Industry Recent Development:
2023: Baxter, introduced new recipes for 5 of its soups. The five enhanced soups comprise of Cream of Tomato, Minestrone, Cream of Chicken, Carrot & Coriander, and Country Garden.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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