Global Canned Soups Market Insights Forecasts to 2033.

• The Global Canned Soups Market Size was Valued at USD 4.68 Billion in 2023
• The Market Size is Growing at a CAGR of 3.67% from 2023 to 2033
• The Worldwide Canned Soups Market Size is Expected to Reach USD 6.71 Billion by 2033
• Asia Pacific  Market is expected to grow the fastest during the forecast period

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The Global Canned Soups Market Size is anticipated to Exceed USD 6.71 Billion by 2033, Growing at a CAGR of 3.67% from 2023 to 2033.

 

Market Overview

Canned soup is defined as soup that has already been made and sealed in metal cans. Typically, it's made of water or broth combined with a range of ingredients, including as grains, meat, vegetables, and seasonings. Canning allows food to be safely stored for long periods of time without needing to be refrigerated, which is because consumers find it helpful. There are many different kinds of canned soups available, from conventional options such tomato and chicken to more distinctive varieties. They are often reheated in the microwave or on the stovetop before consumption. Because it provides a quick and easy dinner solution, canned soup is a popular choice among individuals that are busy. Additionally, as infrastructure advances, businesses from all over the world are stepping into developing countries, driving the market. It also makes it easier for modern retail establishments and online retailers to run efficiently from a distance, which makes buying canned soups via this channel easier.

 

Report Coverage

This research report categorizes the market for the global canned soups market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global canned soups                     market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global canned soups market.                 

 

Driving Factors

The global canned soups market is driven by various factors, including the increase in customer demand for everyday products such soup in cans. This is because customers' lives are made simpler by convenience meals, such soup in a bottle, which require little to no further preparation before eating. Many consumers, especially those who work, are drawn to convenience foods such as canned soup due to their busy schedules, inability to cook meals, lack of time, exhaustion, and other issues. Convenience foods, such as packaged soup, also have several benefits: they need less time to plan and prepare, as packaged soup consists of single-portion meals, and they are easier to clean up after. The market for canned soup has seen a major shift due to the increased emphasis on health and well-being. Customers are looking for nutrient-dense food alternatives and are growing more aware of their nutritional choices. Soups are a favorite among those who are concerned about their health and fitness because they offer a great way to combine a range of veggies, lean meats, lentils, and complete grains into one meal.

 

Restraining Factors

Customers prefer not to eat bottled soup as they become more aware of the harmful consequences of the chemicals used to prolong its shelf life. This will probably restrict the packaged soup market's growth in terms of volume sales over the course of the projected year.

 

Market Segmentation

The Global Canned Soups Market share is classified into categories, type and distribution channel. 

• The non-vegetarian segment is expected to hold the largest share of the global canned soups market during the forecast period.   

Based on the categories, the global canned soups market is divided into vegetarian, and non-vegetarian. Among these, the non-vegetarian segment is expected to hold the largest share of the global canned soups market during the forecast period. Non-vegetarian was the category with the highest percentage of canned soups worldwide. The expansion is due to the rising demand for meals rich in protein. People are eating non-vegetarian ready-to-drink soups more frequently due to their hectic and active lifestyles.

 

• The condensed segment is expected to hold the largest share of the global canned soups market during the forecast period.   

Based on the type, the global canned soups market is divided into ready to eat, and condensed. Among these, the condensed segment is expected to hold the largest share of the global canned soups market during the forecast period. Condensed foods are high in essential minerals such calcium and magnesium and have a long shelf life. Furthermore, the market sector is expanding as a consequence of the food industry's increased need.

 

• The offline segment is expected to hold the largest share of the global canned soups market during the forecast period.   

Based on the distribution channel, the global canned soups market is divided into food specialty stores, convenience stores, online stores, offline, and supermarkets and hypermarkets. Among these, the offline segment is expected to hold the largest share of the global canned soups market during the forecast period. The reason for their development is related to the growing number of offline retailers in both rural and urban areas. In emerging rural regions, e-commerce services have not been able to establish themselves due to insufficient infrastructure. Thus, in these regions, every customer traffic goes to offline channels.

 

Regional Segment Analysis of the Global Canned Soups Market

• North America (U.S., Canada, Mexico) 
• Europe (Global, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global canned soups market over the predicted timeframe.

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North America is anticipated to hold the largest share of the global canned soups market over the predicted timeframe. The area has a significant soup culture, with many households considering soups as basic foods. Classic meals such as tomato soup, clam chowder, and chicken noodle soup have evolved into symbols of North American cuisine. Because of this shared cultural affection of soup, there is a steady demand for it, which propels regional market expansion. Furthermore, the customer base in North America is varied and constantly changing, seeking convenience, alternatives that are health-conscious, and a wide range of flavors.

 

Asia Pacific is expected to grow the fastest during the forecast period. Growing middle class, changing food habits, and increasing urbanization. In addition, the availability of moderately priced packaged meals is driving demand in the region. Producers are expanding their product ranges to cater to local tastes as the demand for canned soups grows in these locations.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global canned soups market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Campbell Soup Company
• Conagra Brands, Inc.
• Nestle S.A.
• General Mills, Inc.
• The Kraft Heinz Company
• Unilever
• Progresso
• Hormel Foods Corporation
• Knorr
• Baxters Food Group
• Others.

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Development

• In April 2023, three new kinds of canned soups have been introduced by F Whitlock & Sons. New tastes include Moroccan spiced carrot and lentil soup, Louisiana-style tomato, capsicum, and corn gumbo, and peri-peri chicken are among those being introduced.

 

• In January 2023, the official launch of Heinz UK's best-selling canned plant-based soup products was announced. Beanz & Sausages and Creamy Tomato Soup are two of the vegan products that are being introduced.

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Global Canned Soups Market based on the below-mentioned segments:

 

Global Canned Soups Market, By Categories

• Vegetarian
• Non-Vegetarian

 

Global Canned Soups Market, By Types

• Ready to Eat
• Condensed

 

Global Canned Soups Market, By Distribution Channels

• Food Specialty Stores
•  Convenience Stores
• Online Stores
• Offline
• Supermarkets and Hypermarkets

 

Global Canned Soups Market, By Region

• 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