Global Chilled Soup Market Size To Exceed USD 1293.4 Million By 2033 | CAGR Of 4.95%
Category: Food & BeveragesGlobal Chilled Soup Market Size To Exceed USD 1293.4 Million By 2033 | CAGR Of 4.95%
According to a research report published by Spherical Insights & Consulting, the Global Chilled Soup Market is Expected to Grow from USD 797.8 Million in 2023 to USD 1293.4 Million by 2033, at a CAGR of 4.95% during the forecast period 2023-2033.
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Browse key industry insights spread across 220 pages with 110 Market data tables and figures & charts from the report on the "Global Chilled Soup Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Chilled Vegetable Soups, Chilled Fruit Soups, Chilled Dairy-Based Soups, Chilled Clear Soups, Chilled Cream-Based Soups), By Shelf Life (Short Shelf Life, Long Shelf Life), By Packaging Type (Glass Bottles, Plastic Bottles, Cans, Cartons, Pouches), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Specialty Stores, Direct Sales), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/chilled-soup-market
The chilled soup industry involves pre-packaged soups manufactured and marketed in their chilled/refrigerated condition, unlike canned or dried soups. They are mostly ready-to-eat soups that are to be refrigerated for their short life span compared to canned or shelf-stable soups, which are packed with preservatives. This market consists of various soup offerings made out of vegetables, meats, and broths, often marketed as fresh and healthy alternatives to canned or dried soups with convenience. Moreover, more consumers are seeking out convenient, ready-to-eat, and easy meals that are quick. Chilled soups provide convenience by taking little effort to prepare and offer a fresh, healthy substitute for conventional canned or instant soups. There is an increasing demand for foods prepared with fresh, natural ingredients. Chilled soups tend to have fewer preservatives and artificial ingredients than canned soups, so they are more appealing to health-oriented consumers. However, cold soups generally have a relatively shorter shelf life than canned or frozen soups because they do not contain preservatives. This may result in waste and restricted distribution, particularly where the demand is lower or refrigerated infrastructure is not available.
The chilled vegetable soups segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the chilled soup market is divided into chilled vegetable soups, chilled fruit soups, chilled dairy-based soups, chilled clear soups, and chilled cream-based soups. Among these, the chilled vegetable soups segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is driven by people becoming more interested in healthy eating, and vegetable soups are the perfect way forward. They tend to have fewer calories, fats, and preservatives and are thus a suitable option for those interested in healthy eating. Vegetables contain essential vitamins, minerals, and fiber, and such health values render cold vegetable soups desirable to a wide variety of consumers.
The short shelf life segment accounted for the majority share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the shelf life, the chilled soup market is divided into short shelf life and long shelf life. Among these, the short shelf life segment accounted for the majority share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is attributed to refrigerated soups with a short shelf life that are usually sold fresh, offering consumers a product that maintains the taste, texture, and nutritional value of newly cooked soups. The short shelf life is indicative of the utilization of fewer preservatives and artificial ingredients, which is consonant with consumer preferences for clean-label and natural products.
The plastic bottles segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the packaging type, the chilled soup market is divided into glass bottles, plastic bottles, cans, cartons, and pouches. Among these, the plastic bottles segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is due to plastic bottles being lightweight, easy to handle, and very consumer-friendly. This makes them probably the first choice for ready-to-eat chilled soups, which are portable and storable. This is another reason plastic bottles are considered to be cheaper than glass. Being cheap helps in the marketing strategy that chilled soups adopt when trying to attract consumers.
The supermarket/hypermarket segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the chilled soup market is divided into supermarkets/hypermarkets, convenience stores, online retail, specialty stores, and direct sales. Among these, the supermarket/hypermarket segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven by hypermarkets and supermarkets having a large range of chilled soups in different brands available for consumers to select from depending on price, taste, dietary needs, and package size. The visibility of chilled soup products shelved in the coolers of the large stores further enhances sales.
Europe holds the majority share of the global chilled soup market during the forecast period.
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Europe holds the majority share of the global chilled soup market during the forecast period. Europe boasts a long history of soup consumption. Soups, both chilled and hot, are very popular in most European nations, such as France, Italy, Germany, and the UK. The increasing trend in Europe towards healthy eating and more preference for fresh and natural food contributes to the growth of chilled soups. They are commonly labeled as fresh, healthy, and preservative-free, reflecting the demands of consumers.
North America is estimated to grow at the fastest pace in the global chilled soup market during the forecast period. North American consumers, especially Americans and Canadians, are becoming health-conscious and looking for fresh, convenient, nutritious meal-ready options. Chilled soups are considered healthier alternatives to canned and frozen soups, boosting their popularity.
Major vendors in the global chilled soup market are The Billington, The Hain Daniels, Soupologie, Sonoma Brands, Tio Gazpacho, Campbell Soup, Woolworths, PepsiCo, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In September 2023, Campbell's Foodservice launched Campbell's Culinary Reserve, restaging its frozen soup line with more than 60 chef-created soups. The new line, which merges Campbell's Foodservice's Signature and Reserve frozen soup lines, offers operators a one-stop convenience for premium soups. The soups are available in 4-pound frozen tubs of condensed soup and 4-pound frozen pouches of ready-to-eat or ready-to-cook soup.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the chilled soup market based on the below-mentioned segments:
Global Chilled Soup Market, By Product Type
- Chilled Vegetable Soups
- Chilled Fruit Soups
- Chilled Dairy-Based Soups
- Chilled Clear Soups
- Chilled Cream-Based Soups
Global Chilled Soup Market, By Shelf Life
- Short Shelf Life
- Long Shelf Life
Global Chilled Soup Market, By Packaging Type
- Glass Bottles
- Plastic Bottles
- Cans
- Cartons
- Pouches
Global Chilled Soup Market, By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail
- Specialty Stores
- Direct Sales
Global Chilled Soup Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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