Opportunities in the Global Soups Sector 2025
Description
Opportunities in the Global Soups Sector 2025
Summary
Growing urbanization and the increasingly busy lifestyle of consumers is creating demand for more convenient and ready-to-eat foods such as soups. Moreover, the rising affinity for quick meals among the working population is supporting the sector’s growth. As a result, value sales of the global soups sector are anticipated to grow from $22.9 billion in 2024 to $28.1 billion in 2029 at a compound annual growth rate (CAGR) of 4.2%. Ambient soup was the largest category by value, accounting for a share of 41.7%, followed by dried soup (mixes) with 37.6%. The Americas and Western Europe were the leading markets for soups in 2024, with value shares of 47.6% and 26.7%, respectively.
Provides an overview of current soups scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers regional overview across five regions - Asia-Pacific, Middle East and Africa, Americas, Western Europe, and Eastern Europe - highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.
Key Highlights
This report brings together multiple data sources to provide a comprehensive overview of the global soups sector, analyzing data from 108 countries. It includes analysis on the following -
Summary
Growing urbanization and the increasingly busy lifestyle of consumers is creating demand for more convenient and ready-to-eat foods such as soups. Moreover, the rising affinity for quick meals among the working population is supporting the sector’s growth. As a result, value sales of the global soups sector are anticipated to grow from $22.9 billion in 2024 to $28.1 billion in 2029 at a compound annual growth rate (CAGR) of 4.2%. Ambient soup was the largest category by value, accounting for a share of 41.7%, followed by dried soup (mixes) with 37.6%. The Americas and Western Europe were the leading markets for soups in 2024, with value shares of 47.6% and 26.7%, respectively.
Provides an overview of current soups scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers regional overview across five regions - Asia-Pacific, Middle East and Africa, Americas, Western Europe, and Eastern Europe - highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.
Key Highlights
- Growing urbanization and the increasingly busy lifestyle of consumers is creating demand for more convenient and ready-to-eat foods such as soups. Moreover, the rising affinity for quick meals among the working population is supporting the sector’s growth. As a result, the global soups market is forecast to register a CAGR of 4.2% during 2024-29.
- Increasing health concerns among consumers is pushing the demand for soups with health benefits such as weight management and improved immunity. Moreover, soups that are lower in sugars, sodium, and calories are gaining momentum for the same reason. This trend is benefiting growth of the soups sector.
- Consumers are also seeking natural and plant-based ingredients in soups owing to their healthy perception.
- Enhanced availability through ecommerce platforms is also bolstering growth of the sector.
This report brings together multiple data sources to provide a comprehensive overview of the global soups sector, analyzing data from 108 countries. It includes analysis on the following -
- Global snapshot: Includes executive summary, current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The section also touches on the key growth enablers and inhibitors for the soups sector.
- Sector snapshot: The analysis provides a global overview, along with regional and category-level data and analysis. It also includes regional overview across five regions-Americas, Asia-Pacific, Eastern Europe, Middle East and Africa (MEA), and Western Europe-highlighting sector size and evolution, value and volume shares by category, and growth drivers for each region.
- Consumer trends: Provides an overview of evolving consumer trends, supported by GlobalData’s in-house consumer surveys, and product examples.
- Country deep-dive: Provides risk-reward analysis of the top high-potential countries in each region based on market assessment, economic development, governance indicators, sociodemographic factors, and technological infrastructure. Provides a deep-dive analysis of 10 high-potential countries covering value growth during 2024-29, consumer demographics, and key trends. It also includes regional analysis covering the outlook for each region.
- Health & wellness analysis*: Provides insights on health & wellness products in terms of value and percentage share in the overall soups sector at a global and regional level during 2019-24. The analysis includes key health & wellness attributes and consumer benefits driving sales of soups across the five regions in 2023. It also covers the market shares of leading companies offering soups with health and wellness attributes.
- Competitive environment and brand shares: Provides an overview of the leading companies and brands at global and regional levels. Market shares of brands and private labels in each region are also detailed.
- Distribution overview: Provides an analysis of the leading distribution channels in the global soups sector in 2024. It covers modern retail, traditional retail, specialist retail, cash & carries & warehouse clubs, and other distribution channels.
- Packaging analysis*: The report provides percentage share (in 2024) and growth analysis (during 2024-29) for various pack materials, pack types, closures, and primary outer types based on volume sales of soups.
- Select industry metrics: The section provides topline statistics and analysis for different alternate datasets, such as patent filings, job analytics, and deals in the food industry in 2024.
- Manufacturers and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region
- The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
- To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates
Table of Contents
- Executive Summary
- Market Outlook
- Enablers and Inhibitors
- Global Sector Overview
- Global by Region
- Global by Category
- Americas Overview
- Asia-Pacific Overview
- Eastern Europe Overview
- Middle East and Africa Overview
- Western Europe Overview
- GlobalData's TrendSights Framework
- Wellbeing
- Fresh & Natural
- Ethical Consumption
- High-Potential Countries - Methodology
- Identifying High-Potential Countries by Region
- Overview of the Canadian Soups Sector
- Canada: Demographic Analysis (2023)
- Canada: Market Size Analysis of Top 10 Cities
- Canada: Market Size Analysis of Top 10 Cities by Category
- Key Trends in the Canadian Soups Sector
- Overview of the US Soups Sector
- US: Demographic Analysis (2023)
- US: Market Size Analysis of Top 10 Cities*
- US: Market Size Analysis of Top 10 Cities* by Category
- Key Trends in the US Soups Sector
- Americas Overview
- Overview of the Japanese Soups Sector
- Key Trends in the Japanese Soups Sector
- Overview of the South Korean Soups Sector
- Key Trends in the South Korean Soups Sector
- Asia-Pacific Overview
- Overview of the Czech Soups Sector
- Czech Republic: Demographic Analysis (2023)
- Czech Republic: Market Size Analysis of Top Four Cities
- Czech Republic: Market Size Analysis of Top Four Cities by Category
- Key Trends in the Czech Soups Sector
- Overview of the Polish Soups Sector
- Poland: Demographic Analysis (2023)
- Poland: Market Size Analysis of Top 10 Cities
- Poland: Market Size Analysis of Top 10 Cities by Category
- Key Trends in the Polish Soups Sector
- Eastern Europe Overview
- Overview of the South African Soups Sector
- South Africa: Demographic Analysis (2023)
- South Africa: Market Size Analysis of Top Eight Cities
- South Africa: Market Size Analysis of Top Eight Cities by Category
- Key Trends in the South African Soups Sector
- MEA Overview
- Overview of the Finnish Soups Sector
- Finland: Demographic Analysis (2023)
- Finland: Market Size Analysis of Top Three Cities
- Finland: Market Size Analysis of Top Three Cities by Category
- Key Trends in the Finnish Soups Sector
- Overview of the German Soups Sector
- Germany: Demographic Analysis (2023)
- Germany: Market Size Analysis of Top 10 Cities
- Germany: Market Size Analysis of Top 10 Cities by Category
- Key Trends in the German Soups Sector
- Overview of the Swiss Soups Sector
- Key Trends in the Swiss Soups Sector
- Western Europe Overview
- Health & Wellness Analysis - Global & Regional
- Competitive Landscape - Sector Analysis
- Leading Distribution Channels by Sector
- Key Brands - Ambient Soup
- Key Brands - Dried Soup (Mixes)
- Key Brands - Chilled Soup
- Key Brands - Frozen Soup
- Key Brands - UHT Soup
- Growth Analysis - by Pack Material and Pack Type
- Growth Analysis - by Closure Type and Primary Outer Type
- Global Patent Filings
- Global Job Analytics by Company
- Global Job Analytics by Theme
- Global Deals
- Global market sales - value ($ million)
- Global market sales - volume (million kg)
- Global soups - sales, by region - value ($ million)
- Global soups - sales, by region - volume (million kg)
- Global - soups distribution ($ million) in 2019 vs. 2024
- Americas - soups distribution ($ million) in 2019 vs. 2024
- Asia-Pacific - soups distribution ($ million) in 2019 vs. 2024
- Eastern Europe - soups distribution ($ million) in 2019 vs. 2024
- MEA - soups distribution ($ million) in 2019 vs. 2024
- Western Europe - soups distribution ($ million) in 2019 vs. 2024
- Global value share, ambient soup (2024)
- Global value share, chilled soup (2024)
- Global value share, dried soup (mixes) (2024)
- Global value share, frozen soup (2024)
- Global value share, UHT soup (2024)
- Global - brands vs. private labels, value (2024, $ million)
- Americas - brands vs. private labels, value (2024, $ million)
- Asia-Pacific - brands vs. private labels, value (2024, $ million)
- Eastern Europe - brands vs. private labels, value (2024, $ million)
- MEA - brands vs. private labels, value (2024, $ million)
- Western Europe - brands vs. private labels, value (2024, $ million)
- Pack materials in 2024 vs. 2029 (million units)
- Pack types in 2024 vs. 2029 (million units)
- Closure types in 2024 vs. 2029 (million units)
- Primary outer types in 2024 vs. 2029 (million units)
- Definitions - Category
- Definitions - Channel
- GlobalData's Eight Mega-Trends
- GlobalData's TrendSights Framework
- Definitions - Trends: Health & Wellness
- Definitions - Trends: Sensory & Indulgence
- Definitions - Trends: Comfort & Uncertainty
- Definitions - Trends: Sustainability & Ethics
- Definitions - Trends: Individualism & Expression
- Definitions - Trends: Digitalization
- Definitions - Trends: Easy & Affordable
- Definitions - Trends: Demographics
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