Packaged Soup Market Size, Share, Trends, Growth Report and Trends 2030

According to the report published by Zion Market Research, the global Packaged Soup Market size was valued at USD 11.57 Billion in 2022 and is predicted to reach USD 18.75 Billion by the end of 2030. The market is expected to grow with a CAGR of 7.14% during the forecast period.

Request Free Sample

The report analyzes the global Packaged Soup Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Packaged Soup Industry.

Global Packaged Soup Market: Overview

With the majority of population staying at home during the COVID-19 pandemic, cooking and eating at home has been observed a trending habit amongst families. Since convenience food has been trending since quite a long time now, the global packaged soup market is anticipated to grow fast. A plethora of delicious flavors and textures that pique the taste buds of the consumers are being offered by manufacturers.

Even after the end of the pandemic, it is expected that families and individuals continue to opt for packaged soup products due to their benefits associated with taste, health, cost, time, and effort.

Request Free Sample

Global Packaged Soup Market: Growth Factors

The global market for packaged soup, a major portion of the global packaged food & beverage industry, has come forth as one of the most preferred packed food items globally in the recent past. Numerous growth factors are backing the rapid surge in the requirement of packaged soup universally, which include fast industrialization, huge increment in the demand for ready-to-eat food items & other packaged food products, and busy lifestyle of the urban populace.

Global Packaged Soup Market Report Scope:

Also, the large variety of products and the availability of many flavors, coupled with the rapidly expanding chains of hypermarkets and supermarkets across the developing nations are some of the growth factors expected to attract a larger customer base. Increasing consumption of wellness products and active & clever advertisements & promotions brought forth by the companies, and the popularity of ‘2-minute instant soup’ are some more factors that are helping the expansion of the global packaged soup market.

Instant soup is anticipated to lead the packaged soup market because it is easy to prepare, has long shelf-life, and comes in compact packets. Moreover, newer product innovations like natural soups, pouched soup, cup soup, microwave soup, and others are also pushing the global packaged soup market. These instant soup mixes are also preferred as a healthy snack item. Millenials are gravitating toward easy-to-cook food, with the promise of high nutritional contents of soup. These pointers are steering the expansion of the global packaged soup market.

However, the increasing concerns of people towards the usage of artificial flavoring and food preservatives due to their long-term effects on health is a factor that will hamper the development of the global market.

Global Packaged Soup Market: Segmentation

The global packaged soup market can be segregated by product type, category, packaging, distribution channel, end-user, and region.

Based on product type, the market has been classified into instant soup, frozen soup, UHT soup, canned soup, dehydrated soup, and chilled soup.

By category, the global packaged soup market can be segmented as vegetarian soup and non-vegetarian soup.

By packaging, the market has been bifurcated into pouched soup, canned soup, and bottled soup.

Based on distribution channel, the market is categorized into hypermarket & supermarket, online store, convenience store, food service, and others.

Global Packaged Soup Market: Regional Analysis

North America holds a major part of the global packaged soup market because of the extremely busy lifestyle of the working population, high spending power, changing preferences, and the convenience in the preparation of such products. The regional packaged soup market of Europe is also projected to witness expansion, thanks to the launch of organic packaged soups that do not contain artificial flavoring or any other harmful ingredients.

On the other hand, Asia Pacific is expected to present fast development in the upcoming years that can be attributed to the growing urban population and the growth in the working population. Rapid industrialization and growing disposable incomes of the people are two other factors causing a surge in the requirement of packaged food & beverage products, hence expanding the market in this region.

Global Packaged Soup Market: Competitive Players

The global packaged soup market is highly consolidated with a few major competitors operating in the competitive landscape. The market is predicted to observe the entry of numerous small-scale companies in the upcoming times, which will make this market more competitive over the upcoming years. The key strategies implemented by the players working in the market include agreements & collaborations, new product launches, acquisitions, mergers, and expansions.

Some of the strong players working in the global packaged soup market are

• The Campbell Soup Company
• The Kraft Heinz Company
• Unilever
• Nestlé S.A
• Greencore
• Pacific Foods
• ConAgra Foods
• Baxters Food Group
• Hain Celestial Group

The Global Packaged Soup Market: Segmentation

By Product Type:

• Instant Soup
• Frozen Soup
• UHT Soup
• Canned Soup
• Dehydrated Soup
• Chilled Soup

By Category: 

• Vegetarian Soup
• Non-vegetarian Soup

By Packaging: 

• Pouched Soup
• Canned Soup
• Bottled Soup

By Distribution Channel:

• Hypermarket & Supermarket
• Online Store
• Convenience Store
• Food Service
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.