Global Chilled Soup Market by Product Types, Packaging, Distribution Channels, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026.
The global chilled soup market was valued at USD 790 million in 2019 and is projected to reach over USD 1300 million by 2026, expanding at a CAGR of more than 6% during the forecast period, 2020–2026. The growth of the market is attributed to the rising urbanization worldwide.
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Soup is principally fluid nourishment that is made by consolidating pieces of meat and vegetables with water. These are furthermore described by solid ingredient in fluids in a pot until the flavours are removed. Soups are similar to stews, and sometimes there may not be a clear qualification between the two, soups for the most part have more fluid than stews. In French cooking, soups are arranged into two principle groups such as clear soups and thick soups. The clear soups are ordered into bouillon and consommé. The thick soups are characterized relying on the sort of thickening agents, such as purées thickened with starch, bisques thickened with cream, and veloutés are thickened with eggs.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising consumption of beverages among the growing population globally is driving the growth of the market.
- Increasing number of various product varieties offered to the consumers is a favourable factor driving the market growth.
- Rising cost of raw materials causes increase in the cost of production which in turn is acting as a restraint for the growth of the market.
- Increasing health issues due to unhygienic storage and contamination of beverages is a restraint in the market growth.
- The unexplored markets of emerging economies and the use of latest technologies are opportunities for the growth of the market.
Competitive Landscape:
Some of the other key players operating in the market include Billington Group, Hain Daniels Group Limited, Soupologie Limited, Sonoma Brands, Tio Gazpacho LLC, Campbell Soup Company, Woolworths Limited, and PepsiCo Inc. The major market players gain edge in the market by activities of mergers & acquisitions and investing in research & development to offer various product offerings.
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The global chilled soup market has been segmented on the basis of
Product types
- Vegetarian
- Non-vegetarian
Packaging
- Cans
- Pouches
- Pet Bottles
- Tubes
- Others
Distribution channels
- Supermarkets
- Convenience Stores
- Department Stores
- Specialty Stores
- Online
Regions
- Asia Pacific
China
India
Japan
- North America
U.S.
Canada
- Latin America
Brazil
Mexico
- Europe
Germany
U.K.
France
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Chilled Soup Market Overview
- Global Chilled Soup Market Analysis and Forecast by Type
- Global Chilled Soup Market Analysis and Forecast by Application
- Global Chilled Soup Market Analysis and Forecast by Sales Channel
- Global Chilled Soup Market Analysis and Forecast by Region
- North America Chilled Soup Market Analysis and Forecast
- Latin America Chilled Soup Market Analysis and Forecast
- Europe Chilled Soup Market Analysis and Forecast
- Asia Pacific Chilled Soup Market Analysis and Forecast
- Middle East & Africa Chilled Soup Market Analysis and Forecast
- Competition Landscape
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