Soups Market Research Report - Forecast to 2027

Soups Market Research Report: by Type (Dry, Wet, Others), by Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Others) and Region - Global Forecast till 2027

ID: MRFR/F-B & N/1314-CR | February, 2021 | Region : Global

1 Executive Summary

2 Market Introduction

2.1 Definition 21

2.2 Scope of the Study 21

2.3 List of Assumptions 21

2.4 Market Structure 22

3 Research Methodology

3.1 Research Process 24

3.2 Primary Research 24

3.3 Secondary Research 25

3.4 Market Size Estimation 26

3.5 Forecast Model 27

4 Market Dynamics

4.1 Introduction 29

4.2 Drivers 30

4.2.1 Increasing Demand for Convenience Foods 30

4.2.2 Rising Consumption as a Meal Replacement 30

4.3 Restraints 30

4.3.1 Decreasing Demand for Canned Soups 30

4.4 Opportunities 31

4.4.1 Rising Preference for Organic and Natural Ingredients 31

4.4.2 Innovations in Flavors 31

4.4.3 Growing Demand for Soups in Emerging Economies 31

4.5 Challenges 31

4.5.1 Adverse Effects of Artificial or Synthetic Additives in Packaged Soups 31

5 Market Factor Analysis

5.1 Value Chain Analysis 33

5.1.1 Raw Material Selection 33

5.1.2 Processing 34

5.1.3 Packaging 34

5.2 Supply Chain Analysis 34

5.3 Porter’s Five Forces Analysis 35

5.3.1 Porter's Five Forces Analysis: Global Soups Market 35

5.3.2 Threat of New Entrants 35

5.3.3 Bargaining Power of Suppliers 36

5.3.4 Threat of Substitutes 36

5.3.5 Bargaining Power of Buyers 36

5.3.6 Internal Rivalry 36

6 Soups Market, by Type

6.1 Overview 38

6.1.1 Dry 38

6.1.2 Wet 38

6.1.3 Others 38

6.1.3.1 Broth & Stock 38

6.1.3.2 Bouillon 38

7 Soups Market, by Distribution Channel

7.1 Overview 43

7.1.1 Supermarkets and Hypermarkets 43

7.1.2 Convenience Stores 43

7.1.3 Online 43

7.1.4 Others 43

8 Global Soups Market, by Region

8.1 Introduction 48

8.2 North America 49

Soups Market, by Type

Soups Market, by Distribution Channel

8.2.1 Canada 51

Soups Market, by Type

Soups Market, by Distribution Channel

8.2.2 Mexico 53

Soups Market, by Type

Soups Market, by Distribution Channel

8.2.3 US 54

Soups Market, by Type

Soups Market, by Distribution Channel

8.3 Europe 57

Soups Market, by Type

Soups Market, by Distribution Channel

8.3.1 Germany 60

Soups Market, by Type

Soups Market, by Distribution Channel

8.3.2 France 61

Soups Market, by Type

Soups Market, by Distribution Channel

8.3.3 Italy 63

Soups Market, by Type

Soups Market, by Distribution Channel

8.3.4 UK 64

Soups Market, by Type

Soups Market, by Distribution Channel

8.3.5 Spain 66

Soups Market, by Type

Soups Market, by Distribution Channel

8.3.6 Rest of Europe 67

Soups Market, by Type

Soups Market, by Distribution Channel

8.4 Asia-Pacific 69

Soups Market, by Type

Soups Market, by Distribution Channel

8.4.1 China 73

Soups Market, by Type

Soups Market, by Distribution Channel

8.4.2 South Korea 74

Soups Market, by Type

Soups Market, by Distribution Channel

8.4.3 Indonesia 76

Soups Market, by Type

Soups Market, by Distribution Channel

8.4.4 Japan 77

Soups Market, by Type

Soups Market, by Distribution Channel

8.4.5 India 79

Soups Market, by Type

Soups Market, by Distribution Channel

8.4.6 Australia 80

Soups Market, by Type

Soups Market, by Distribution Channel

8.4.7 Malaysia 82

Soups Market, by Type

Soups Market, by Distribution Channel

8.4.8 Philippines 83

Soups Market, by Type

Soups Market, by Distribution Channel

8.4.9 Thailand 85

Soups Market, by Type

Soups Market, by Distribution Channel

8.4.10 Vietnam 86

Soups Market, by Type

Soups Market, by Distribution Channel

8.4.11 Singapore 88

Soups Market, by Type

Soups Market, by Distribution Channel

8.4.12 Rest of Asia-Pacific 89

Soups Market, by Type

Soups Market, by Distribution Channel

8.5 Rest of the World (RoW) 91

Soups Market, by Type

Soups Market, by Distribution Channel

8.5.1 Middle East and Africa 94

Soups Market, by Type

Soups Market, by Distribution Channel

8.5.1.1 GCC Countries 95

Soups Market, by Type

Soups Market, by Distribution Channel

8.5.1.2 Turkey 97

Soups Market, by Type

Soups Market, by Distribution Channel

8.5.1.3 Egypt 98

Soups Market, by Type

Soups Market, by Distribution Channel

8.5.1.4 Rest of Middle East & Africa 100

Soups Market, by Type

Soups Market, by Distribution Channel

8.5.2 South America 101

Soups Market, by Type

Soups Market, by Distribution Channel

9 Competitive Landscape

9.1 Analysis of the Key Developments of Major Players 106

10 Company Profiles

10.1 Campbell Soup Company 109

10.1.1 Company Overview 109

10.1.2 Financial Overview 109

10.1.3 Products Offered 110

10.1.4 Key Developments 110

10.1.5 SWOT Analysis 111

10.1.6 Key Strategies 111

10.2 General Mills, Inc. 112

10.2.1 Company Overview 112

10.2.2 Financial Overview 112

10.2.3 Products Offered 113

10.2.4 Key Developments 113

10.2.5 SWOT Analysis 113

10.2.6 Key Strategies 114

10.3 The Kraft Heinz Company 115

10.3.1 Company Overview 115

10.3.2 Financial Overview 115

10.3.3 Products Offered 116

10.3.4 Key Developments 116

10.3.5 SWOT Analysis 116

10.3.6 Key Strategies 116

10.4 Nestle 117

10.4.1 Company Overview 117

10.4.2 Financial Overview 117

10.4.3 Products Offered 118

10.4.4 Key Developments 118

10.4.5 SWOT Analysis 118

10.4.6 Key Strategies 119

10.5 The Kroger Co. 120

10.5.1 Company Overview 120

10.5.2 Financial Overview 120

10.5.3 Products Offered 121

10.5.4 Key Developments 121

10.5.5 SWOT Analysis 121

10.5.6 Key Strategies 121

10.6 Hain Celestial 122

10.6.1 Company Overview 122

10.6.2 Financial Overview 122

10.6.3 Products Offered 123

10.6.4 Key Developments 123

10.6.5 SWOT Analysis 123

10.6.6 Key Strategies 123

10.7 Premier Foods 124

10.7.1 Company Overview 124

10.7.2 Financial Overview 124

10.7.3 Products Offered 125

10.7.4 Key Developments 125

10.7.5 SWOT Analysis 125

10.7.6 Key Strategies 125

10.8 Unilever PLC 126

10.8.1 Company Overview 126

10.8.2 Financial Overview 126

10.8.3 Products Offered 126

10.8.4 Key Development 127

10.8.5 SWOT Analysis 127

10.8.6 Key Strategies 127

10.9 Conagra Brands, Inc. 128

10.9.1 Company Overview 128

10.9.2 Financial Overview 128

10.9.3 Products Offered 129

10.9.4 Key Developments 129

10.9.5 SWOT Analysis 129

10.9.6 Key Strategies 129

10.10 Maruchan Inc. 130

10.10.1 Company Overview 130

10.10.2 Financial Overview 130

10.10.3 Products Offered 130

10.10.4 Key Developments 131

10.10.5 SWOT Analysis 131

10.10.6 Key Strategies 131

10.11 Associated British Foods PLC 132

10.11.1 Company Overview 132

10.11.2 Financial Overview 132

10.11.3 Products Offered 133

10.11.4 Key Developments 133

10.11.5 SWOT Analysis 133

10.11.6 Key Strategies 133

10.12 TSC Foods 134

10.12.1 Company Overview 134

10.12.2 Financial Overview 134

10.12.3 Products Offered 134

10.12.4 Key Developments 134

10.12.5 SWOT Analysis 135

10.12.6 Key Strategies 135

10.13 Kettle Cuisine, LLC 136

10.13.1 Company Overview 136

10.13.2 Financial Overview 136

10.13.3 Products Offered 136

10.13.4 Key Developments 136

10.13.5 Key Strategies 137

10.14 Baxters Food Group Limited 138

10.14.1 Company Overview 138

10.14.2 Financial Overview 138

10.14.3 Products Offered 138

10.14.4 Key Developments 138

10.14.5 Key Strategies 139

10.15 Symington's Ltd 140

10.15.1 Company Overview 140

10.15.2 Financial Overview 140

10.15.3 Products Offered 140

10.15.4 Key Developments 140

10.15.5 Key Strategies 140

10.16 AMY's Kitchen, Inc. 141

10.16.1 Company Overview 141

10.16.2 Financial Overview 141

10.16.3 Products Offered 141

10.16.4 Key Developments 141

10.16.5 SWOT Analysis 142

10.16.6 Key Strategies 142

10.17 The Original Soupman 143

10.17.1 Company Overview 143

10.17.2 Financial Overview 143

10.17.3 Products Offered 143

10.17.4 Key Developments 143

10.17.5 Key Strategies 143

10.18 Bear Creek Country Kitchens, LLC 144

10.18.1 Company Overview 144

10.18.2 Financial Overview 144

10.18.3 Products Offered 144

10.18.4 Key Developments 144

10.18.5 Key Strategies 144

11 Conclusion

11.1 Key Findings 146

12 List of Tables

TABLE 1 GLOBAL SOUPS MARKET, BY REGION, 2020-2027 (USD MILLION) 17

TABLE 2 GLOBAL SOUPS MARKET, BY REGION, 2020-2027 (USD MILLION) 17

TABLE 3 GLOBAL SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 18

TABLE 4 GLOBAL SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 18

TABLE 5 GLOBAL SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 19

TABLE 6 GLOBAL: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 19

TABLE 7 LIST OF ASSUMPTIONS 21

TABLE 8 GLOBAL SOUPS (DRY) MARKET, BY REGION, 2020-2027 (USD MILLION) 39

TABLE 9 GLOBAL SOUPS (DRY) MARKET, BY REGION, 2020-2027 (USD MILLION) 39

TABLE 10 GLOBAL SOUPS (WET) MARKET, BY REGION, 2020-2027 (USD MILLION) 40

TABLE 11 GLOBAL SOUPS (WET) MARKET, BY REGION, 2020-2027 (USD MILLION) 40

TABLE 12 GLOBAL SOUPS (OTHERS) MARKET, BY REGION, 2020-2027 (USD MILLION) 40

TABLE 13 GLOBAL SOUPS (OTHERS) MARKET, BY REGION, 2020-2027 (USD MILLION) 41

TABLE 14 GLOBAL SOUPS (SUPER/HYPER MARKETS) MARKET, BY REGION, 2020-2027 (USD MILLION) 44

TABLE 15 GLOBAL SOUPS (SUPER/HYPER MARKETS) MARKET, BY REGION, 2020-2027 (USD MILLION) 44

TABLE 16 GLOBAL SOUPS (CONVENIENCE STORES) MARKET, BY REGION, 2020-2027 (USD MILLION) 44

TABLE 17 GLOBAL SOUPS (CONVENIENCE STORES) MARKET, BY REGION, 2020-2027 (USD MILLION) 45

TABLE 18 GLOBAL SOUPS (ONLINE) MARKET, BY REGION, 2020-2027 (USD MILLION) 45

TABLE 19 GLOBAL SOUPS (ONLINE) MARKET, BY REGION, 2020-2027 (USD MILLION) 45

TABLE 20 GLOBAL SOUPS (OTHERS) MARKET, BY REGION, 2020-2027 (USD MILLION) 46

TABLE 21 GLOBAL SOUPS (OTHERS) MARKET, BY REGION, 2020-2027 (USD MILLION) 46

TABLE 22 NORTH AMERICA: SOUPS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 49

TABLE 23 NORTH AMERICA: SOUPS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 49

TABLE 24 NORTH AMERICA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 50

TABLE 25 NORTH AMERICA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 50

TABLE 26 NORTH AMERICA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 51

TABLE 27 NORTH AMERICA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 51

TABLE 28 CANADA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 51

TABLE 29 CANADA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 52

TABLE 30 CANADA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 52

TABLE 31 CANADA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 52

TABLE 32 MEXICO: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 53

TABLE 33 MEXICO: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 53

TABLE 34 MEXICO: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 54

TABLE 35 MEXICO: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 54

TABLE 36 US: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 54

TABLE 37 US: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 55

TABLE 38 US: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 55

TABLE 39 US: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 56

TABLE 40 EUROPE: SOUPS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 57

TABLE 41 EUROPE: SOUPS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 58

TABLE 42 EUROPE: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 58

TABLE 43 EUROPE: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 59

TABLE 44 EUROPE: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 59

TABLE 45 EUROPE: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 59

TABLE 46 GERMANY: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 60

TABLE 47 GERMANY: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 60

TABLE 48 GERMANY: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 61

TABLE 49 GERMANY: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 61

TABLE 50 FRANCE: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 61

TABLE 51 FRANCE: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 62

TABLE 52 FRANCE: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 62

TABLE 53 FRANCE: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 62

TABLE 54 ITALY: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 63

TABLE 55 ITALY: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 63

TABLE 56 ITALY: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 64

TABLE 57 ITALY: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 64

TABLE 58 UK: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 64

TABLE 59 UK: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 65

TABLE 60 UK: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 65

TABLE 61 UK: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 65

TABLE 62 SPAIN: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 66

TABLE 63 SPAIN: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 66

TABLE 64 SPAIN: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 67

TABLE 65 SPAIN: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 67

TABLE 66 REST OF EUROPE: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 67

TABLE 67 REST OF EUROPE: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 68

TABLE 68 REST OF EUROPE: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 68

TABLE 69 REST OF EUROPE: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 68

TABLE 70 ASIA-PACIFIC: SOUPS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 70

TABLE 71 ASIA-PACIFIC: SOUPS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 71

TABLE 72 ASIA-PACIFIC: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 71

TABLE 73 ASIA-PACIFIC: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 72

TABLE 74 ASIA-PACIFIC: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 72

TABLE 75 ASIA-PACIFIC: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 72

TABLE 76 CHINA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 73

TABLE 77 CHINA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 73

TABLE 78 CHINA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 74

TABLE 79 CHINA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 74

TABLE 80 SOUTH KOREA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 74

TABLE 81 SOUTH KOREA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 75

TABLE 82 SOUTH KOREA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 75

TABLE 83 SOUTH KOREA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 75

TABLE 84 INDONESIA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 76

TABLE 85 INDONESIA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 76

TABLE 86 INDONESIA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 77

TABLE 87 INDONESIA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 77

TABLE 88 JAPAN: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 77

TABLE 89 JAPAN: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 78

TABLE 90 JAPAN: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 78

TABLE 91 JAPAN: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 78

TABLE 92 INDIA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 79

TABLE 93 INDIA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 79

TABLE 94 INDIA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 80

TABLE 95 INDIA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 80

TABLE 96 AUSTRALIA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 80

TABLE 97 AUSTRALIA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 81

TABLE 98 AUSTRALIA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 81

TABLE 99 AUSTRALIA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 81

TABLE 100 MALAYSIA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 82

TABLE 101 MALAYSIA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 82

TABLE 102 MALAYSIA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 83

TABLE 103 MALAYSIA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 83

TABLE 104 PHILIPPINES: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 83

TABLE 105 PHILIPPINES: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 84

TABLE 106 PHILIPPINES: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 84

TABLE 107 PHILIPPINES: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 84

TABLE 108 THAILAND: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 85

TABLE 109 THAILAND: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 85

TABLE 110 THAILAND: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 86

TABLE 111 THAILAND: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 86

TABLE 112 VIETNAM: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 86

TABLE 113 VIETNAM: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 87

TABLE 114 VIETNAM: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 87

TABLE 115 VIETNAM: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 87

TABLE 116 SINGAPORE: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 88

TABLE 117 SINGAPORE: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 88

TABLE 118 SINGAPORE: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 89

TABLE 119 SINGAPORE: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 89

TABLE 120 REST OF ASIA-PACIFIC: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 89

TABLE 121 REST OF ASIA-PACIFIC: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 90

TABLE 122 REST OF ASIA-PACIFIC: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 90

TABLE 123 REST OF ASIA-PACIFIC: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 90

TABLE 124 REST OF THE WORLD (ROW): SOUPS MARKET, BY REGION, 2020-2027 (USD MILLION) 91

TABLE 125 REST OF THE WORLD (ROW): SOUPS MARKET, BY REGION, 2020-2027 (USD MILLION) 92

TABLE 126 REST OF THE WORLD (ROW): SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 92

TABLE 127 REST OF THE WORLD (ROW): SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 92

TABLE 128 REST OF THE WORLD (ROW): SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 93

TABLE 129 REST OF THE WORLD (ROW): SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 93

TABLE 130 MIDDLE EAST AND AFRICA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 94

TABLE 131 MIDDLE EAST AND AFRICA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 94

TABLE 132 MIDDLE EAST AND AFRICA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 94

TABLE 133 MIDDLE EAST AND AFRICA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 95

TABLE 134 GCC COUNTRIES: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 95

TABLE 135 GCC COUNTRIES: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 96

TABLE 136 GCC COUNTRIES: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 96

TABLE 137 GCC COUNTRIES: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 96

TABLE 138 TURKEY: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 97

TABLE 139 TURKEY: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 97

TABLE 140 TURKEY: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 98

TABLE 141 TURKEY: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 98

TABLE 142 EGYPT: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 98

TABLE 143 EGYPT: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 99

TABLE 144 EGYPT: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 99

TABLE 145 EGYPT: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 99

TABLE 146 REST OF MIDDLE EAST & AFRICA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 100

TABLE 147 REST OF MIDDLE EAST & AFRICA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 100

TABLE 148 REST OF MIDDLE EAST & AFRICA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 101

TABLE 149 REST OF MIDDLE EAST & AFRICA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 101

TABLE 150 SOUTH AMERICA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 101

TABLE 151 SOUTH AMERICA: SOUPS MARKET, BY TYPE, 2020-2027 (USD MILLION) 102

TABLE 152 SOUTH AMERICA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 102

TABLE 153 SOUTH AMERICA: SOUPS MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 103

TABLE 154 COMPETITIVE LANDSCAPE: GLOBAL SOUP MARKET, BY DEVELOPMENT (2020-2027) 107


13 List of Figures

FIGURE 1 GLOBAL SOUPS MARKET SHARE (%), BY REGION (2020-2027) 17

FIGURE 2 GLOBAL SOUPS MARKET SHARE (%), BY TYPE (2020-2027) 18

FIGURE 3 GLOBAL SOUPS MARKET SHARE (%), BY DISTRIBUTION CHANNEL (2020-2027) 19

FIGURE 4 GLOBAL SOUPS MARKET: MARKET STRUCTURE 22

FIGURE 5 RESEARCH PROCESS OF MRFR 24

FIGURE 6 TOP-DOWN & BOTTOM-UP APPROACHES 27

FIGURE 7 MARKET DYNAMICS OVERVIEW 29

FIGURE 8 VALUE CHAIN ANALYSIS: GLOBAL SOUPS MARKET 33

FIGURE 9 SUPPLY CHAIN ANALYSIS: GLOBAL SOUPS MARKET 34

FIGURE 10 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL SOUPS MARKET 35

FIGURE 11 GLOBAL SOUPS MARKET, BY TYPE 2020-2027 (USD MILLION) 39

FIGURE 12 GLOBAL SOUPS MARKET, BY DISTRIBUTION CHANNEL 2020-2027 (USD MILLION) 43

FIGURE 13 GLOBAL SOUPS MARKET, BY REGION 2020-2027 (USD MILLION) 48

FIGURE 14 NORTH AMERICA SOUPS MARKET, BY COUNTRY 2020-2027 (USD MILLION) 49

FIGURE 15 EUROPE SOUPS MARKET, BY COUNTRY 2020-2027 (USD MILLION) 57

FIGURE 16 ASIA-PACIFIC SOUPS MARKET, BY COUNTRY 2020-2027 (USD MILLION) 69

FIGURE 17 REST OF THE WORLD (ROW) SOUPS MARKET, BY REGION 2020-2027 (USD MILLION) 91

FIGURE 18 GLOBAL SOUP MARKET: SHARE OF MARKET DEVELOPMENTS, BY KEY PLAYERS, 2020-2027 105

FIGURE 19 GLOBAL SOUP MARKET: ANALYSIS OF KEY DEVELOPMENTS 106

FIGURE 20 GLOBAL SOUP MARKET: MARKET DEVELOPMENTS, 2020-2027 107

Soups Market

Soup Market is expected to grow USD 19,655.9 million of during the CAGR 5.4 % forecast period 2020-2027

Segmentation

By Type Dry Wet Others
By Distribution Channel Supermarkets & Hypermarkets Convenience Stores Others
By Region North America Europe Asia-Pacific Row

Key Players

  • Associated British Foods PLC (U.K.)
  • Conagra Brands Inc. (U.S.)
  • TSC Foods (U.K.)
  • Maruchan Inc. (U.S.)
  • Premier Foods (U.K.)
  • Campbell Soup Company (U.S.)
  • The Kraft Heinz Company (U.S.)
  • The Kroger Co. (U.S.)
  • AMY's Kitchen Inc. (U.S.)
  • General Mills Inc. (U.S.)
  • Unilever PLC (U.K.)
  • Symington's Ltd (U.K.)
  • Hain Celestial (U.S.)
  • Baxters Food Group Limited (U.K.)
  • Kettle Cuisine LLC (US)
  • The Original Soupman (U.S.)

Drivers

  • Increasing Demand For Convenience Foods
  • Rising Consumption As A Meal Replacement
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Increasing demand for convenience foods and innovations in food flavors are encouraging the key players of soups to expand their business portfolio and increase their geographical reach


Major key players listed in the soups market include Campbell Soup Company (US), General Mills, Inc. (US), The Kraft Heinz Company (US), and Nestle (Switzerland) among others. Soups have an established market throughout the globe and increasing product offering with innovative flavors through strategic acquisitions and product research are further driving the growth of the market. Also, the growth in the marketing strategies adopted by the key players is a major driver in the global soups market. These listed players account for the major developmental share in the global soups market. To compete with the new players entering the soups market, the established players follow certain strategies to sustain their consumer base.


Campbell Soup Company accounted for the highest market share in terms of development and is projected to constitute 17% of the developmental share in the global soups market. The company delivers wide range of soups under several brands. The company is majorly focused on delivering consumer needs and expectations through new and innovative product launches. For instance, in 2017, the launch of Well Yes! a new line of ready-to-serve soups offering clean, simple, and nutritious ingredients and created a significant demand among the consumers. Moreover, expansions are also a part of company strategies which has helped Campbell enter potential market regions through strong distribution and partnerships. For instance, Campbell in 2016 restructured manufacturing and streamline operations for its soup business in China through partnership with Swire Pacific.


General Mills, Inc. holds a prominent place in the market with strong focus on acquisition, geographical expansion, and product launches. General Mills accounted for a respective share of 14% in the global soups market during the period of 2013–2018. Major steps taken by the company in the review period include several product launches which cater to a wider target audience such as the launch of a range of soups for vegans under its canned food brand Progresso in 2016 as well as several new wellness products in 2015. Other developments planned by the company include expansions in terms of region as well as increasing production capacity to meet growing consumer demands. For instance, in 2015, General Mills increased its production capacity in Murfreesboro, Tennessee (US) through a heavy spending of USD 253 million. Company acquisitions in order to increase its product offerings are also a part of company strategy during the period of 2013–2018.


The Kraft Heinz Company and Nestle both accounted a decent 11% share of the total development in global soup market during the period of 2013–2018. Kraft Heinz is primarily focusing on product launches to create strong brand position leading to a strong consumer base. In 2018, Kraft Heinz launched the Eat Well range of balanced soups which includes variants such as tomato, spinach, and lentil soup; tomato and cannellini beans; chicken, vegetable, and quinoa; and butternut squash and chickpea. The company has also collaborated with famous celebrity such as Oprah Winfrey in 2017 to launch new line of healthy comfort soup called O, That's Good. Expansions has also been a planned initiative of Kraft Heinz during the period of 2013–2018. In 2016, construction of a production facility in the southern Minnesota city of New Ulm with an investment of USD 100 million thereby, creating job opportunities and catering growing product demand in the region. Major developments Nestle underwent were mainly product lunches. For example, in 2018, launch of ready-to-drink herbal drinks and soups “Xingshan” made with traditional Chinese ingredients. Other strategies include expansions where the company is planning to enter potential markets. In 2018, Nestle started direct operations in Afghanistan to grow in terms of regional footprints.


Other major manufacturers include The Kroger Co. (US), Kettle Cuisine, LLC (US), Hain Celestial (US), TSC Foods (UK), Premier Foods (UK), and AMY's Kitchen, Inc. (US), among many others. These companies are also found to have a high focus on strategic product launch to seek consumers’ attention towards their product range. They are also involved in the strategic agreement which will further support the company to expand and reach out to consumers across the regions. Acquisitions are also made to mark the company’s presence and expand their business line. Additionally, the companies are inclined towards product promotions and strengthening their marketing base. The promotional strategy aids in retaining the existing customers and to regenerating new customer base.