Global Soup Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Soup Market 2021 (Includes Business Impact of COVID-19)
Global Soup Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global soup market report has been segmented on the basis of type, sales channel, and region.
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The global Soup market size was valued at USD$ 11.40 billion in 2020 and is projected to reach UDS$15.16 billion by 2030, and is anticipated to expand at a CAGR of 2.17% over the forecast period from 2020 to 2030.


Global Soup Market: Overview


Soup is usually a liquid food which is served hot and considered as the initial course of the meal and good starters. It can be prepared by using various ingredients such as vegetables and meat along with water, juice and other liquids.


Global Soup Market: Dynamics


Growing demand for the convenience food across the globe coupled with an increasing number of the working population are major factors expected to drive growth of the global soup market. In addition, increasing consumption of multi-cousin food, increasing demand for ready-to-cook products among the young population are some other factors expected to drive the revenue growth of the target market over the forecast period. Availability of soups in different flavors and savory tastes is a factor anticipated to increase the demand for soups globally, and is expected to support growth in terms of revenue in the global soup market. However, stringent regulation and product recalls due to the presence of harmful substance are factors expected to restraint growth of the global soup market.

Major manufacturers are adopting various growth strategies such as investments in R&D activities, mergers and acquisitions, and launching new products in order to meet the changing requirements of the consumers is major trend witnessed in the target market, currently.


Global Soup Market: Segmental Analysis


Among the type segments, the dried segment is expected to account for significant revenue shares of the global market. This can be attributed to the extended shelf life of dried food products compared to other type segment. Among the sales channel segments, the supermarkets & hypermarkets segments are expected to register significant growth, owing to a strong network of distributors and availability of multiple variants at a single place.


Global Soup Market: Regional Analysis


Europe is expected to dominate the soup market and continue its dominance over the forecast period. This can be attributed to growing consumption of convenience food. In addition, the strong presence of major soup manufacturing companies is another factor anticipated to propel growth of target market in the region. North America soup market is expected to account for significant revenue shares of the global market, owing to the increasing number of the working populace and high consumption of pre-packaged food products coupled with higher disposable income. Soup market in Asia Pacific is expected to register significant growth, owing to the rapidly growing food sector. In addition, increasing adoption of western lifestyle and food culture among individuals, and growing population are some additional factors expected to support revenue growth of the target market in the region. Markets in Latin America and Middle East & Africa are expected to register substantial growth, owing to rapid industrialization, increasing awareness regarding health benefits with consumption of soups in countries in the region.


Below are the active patents related to Soup Market.


Patent Number: CN1907131A

Instant potted red vegetable soup and its preparation

Abstract

Disclosed is a canned red oxyneurine soup comprising the formula of red oxyneurine 5-10kg, potato 5-10kg, carrot 2-5kg, onion 1-2kg, celery 1-2kg, beef powder 0-10kg, pork powder 0-10kg, milk powder 1-2kg, table salt 1-2kg, sugar 10kg, malic acid 1-2kg, chilli powder 0-4kg, common fennel powder 0.2kg, cassia lignea flour 0.1kg, pepper powder 0.1kg and right amount of food additives, and the process consists of performing powder from the raw materials, melting with water, homogenizing, filtering, deslagging, homogenizing, sterilizing, deoxidizing and loading.

Application File Date: 2005-08-01

Application Granted Date: 2011-07-20

Inventor: Zhang Chuanhua

Patent Number: US9187198B2

Method of filling dry soup packets in a packet filling plant using a filling machine and an apparatus therefor, and a method of filling bags with either liquids or solids in a filling plant and an apparatus therefor

Abstract

A method of filling dry vegetable soup packets in a packet filling plant using a filling machine and an apparatus therefor, and a method of filling bags with either liquids or solids in a filling plant and an apparatus therefor. The abstract of the disclosure is submitted herewith as required by 37 C.F.R. §1.72(b). As stated in 37 C.F.R. §1.72(b): A brief abstract of the technical disclosure in the specification must commence on a separate sheet, preferably following the claims, under the heading “Abstract of the Disclosure.” The purpose of the abstract is to enable the Patent and Trademark Office and the public generally to determine quickly from a cursory inspection the nature and gist of the technical disclosure. The abstract shall not be used for interpreting the scope of the claims. Therefore, any statements made relating to the abstract are not intended to limit the claims in any manner and should not be interpreted as limiting the claims in any manner.

Application File Date: 2009-02-18

Application Granted Date: 2015-11-17

Current Assignee: Bartelt Packaging LLC Pm Fl Acquisition Co LLC

Global Soup Market Segmentation:

Segmentation by Type:

  
Dried
  
Wet
  
Canned
  
UHT (Ultra-high Temperature Processing)

Segmentation by Sales Channel:

  
Supermarkets & Hypermarkets
  
Convenience Stores
  
Online


Key Market Players included in the report:


  
Ajinomoto Co.Inc.
  
AMYs Kitchen Inc. (U.S.)
  
Associated British Foods PLC (U.K.)
  
Baxters Food Group Limited (U.K.)
  
Bear Creek Country Kitchens LLC (U.S.)
  
Campbell Soup Company (U.S.)
  
Conagra Brands Inc. (U.S.)
  
ConAgra Inc.
  
General Mills. B&G Foods Inc.
  
Hain Celestial Group
  
Kettle Cuisine LLC (US)
  
Maruchan Inc. (U.S.)
  
Nestle (Switzerland)
  
Premier Foods plc
  
Symingtons Ltd.
  
The Kraft Heinz Company.
  
The Kroger Co. (U.S.)
  
The Original Soupman (U.S.).
  
TSC Foods Limited
  
Unilever PLC (U.K.)