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.

Global Chilled Soup Market Insights Forecasts to 2033

• The Global Chilled Soup Market Size was estimated at USD 797.8 Million in 2023
• The Market Size is Expected to Grow at a CAGR of around 4.95% from 2023 to 2033
• The Worldwide Chilled Soup Market Size is Expected to Reach USD 1293.4 Million by 2033
• North America is expected to grow the fastest during the forecast period.

The global chilled soup market size was worth around USD 797.8 million in 2023 and is predicted to grow to around USD 1293.4 million by 2033 with a compound annual growth rate (CAGR) of 4.95 % between 2023 and 2033. The chilled soup market is being driven by growing demand for convenience, the rising popularity of fresh and natural ingredients, changing lifestyles and eating habits, advancements in packaging technology, and innovations in flavor and variety.

Market Overview

The chilled soup market is defined as that area of food and beverage manufacturing and marketing that deals with soups marketed in chilled or refrigerated form. Unlike canned soups, chilled soups are generally fresh, needing refrigeration for storage and tending to have a brief life span. Such soups are typically ready to eat or require very little preparation. The product mix consists of various soups prepared from vegetable ingredients or meat that may be put up in broths and are usually promoted as a convenient, healthy, and fresh alternative to canned or dried soups. Increasing demand for convenience foods, nutritious meals, and fresh ingredients has contributed to the growth of this market. The global market for chilled soups is overflowing with fruit-flavored varieties, positioning them as health and taste enhancers for eating; companies have marketed drinkable chilled soups as being like cold-pressed, sweet-flavored soup. Consumers appear to have managed different tastes; they prefer vegetables or even savory types to lower their sugar consumption. Furthermore, Continuous developments in the flavor profile and ingredient mixes are attractive to the consumers for offering new and interesting taste sensations. The food business is growing gradually, supported by the increased availability of restaurants, cafes, and supermarkets allotting individual shelves to ready-to-eat products and thereby expanding the size of the chilled soup market.

Report Coverage

This research report categorizes the chilled soup 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 chilled soup market. Recent market developments and competitive strategies such as expansion, type launch, 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 chilled soup market.

Driving Factors

Customers are more and more seeking easy, convenient, and ready-to-eat meals. Chilled soups are convenient, needing little preparation and serving as a fresh, healthy alternative to canned or instant soups. Packaging innovations like vacuum packaging and modified atmosphere packaging (MAP) have also increased the shelf life of chilled soups without making them lose freshness. This has increased consumers' access to chilled soups while preserving product quality.

Restraining Factors

Chilled soup production and distribution generally incur an additional cost due to refrigeration, special containers, and shorter shelf life. These extra costs raise the consumer price of chilled soup, so reducing its affordability against other shelf-stable options.

Market Segmentation

The chilled soup market share is classified into product type, shelf life, packaging type and distribution channel.

• 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 attributed to vegetables containing health-promoting essential vitamins, minerals, and dietary fiber, making chilled vegetable soups popular across a wide span of consumers. Vegetable soups are available in a multitude of flavors and mixtures ranging from standard choices including tomato, carrot, and spinach to more unusual options like roasted butternut squash or beetroot. Such diversity enables brands to meet various tastes and nutritional requirements.

• 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 segmental growth is due to cold soups that have a limited shelf life and are usually sold as fresh or fresh-like soups, offering consumers a product that has all the taste, texture, and nutritional value of freshly made soups. The limited shelf life indicates the use of fewer artificial additives and preservatives, which is consonant with consumer demand for natural and clean-label 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 growth is driven by plastic bottles being handy, cheap, and also light. Production and transportation costs of plastic are lower than those of glass. This cost-effectiveness enabled chilled soups to become accessible and affordable to consumers, which in turn made them popular in the market.

• 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 attributed to hypermarkets and supermarkets providing a large range of chilled soup products from various brands, enabling consumers to select according to price, taste, dietary needs, and packaging. Moreover, the visibility of chilled soup products in the refrigerated shelves of these big retail stores increases sales further.

Regional Segment Analysis of the Chilled Soup Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, 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)

Europe is anticipated to hold the largest share of the chilled soup market over the predicted timeframe.

Europe is anticipated to hold the largest share of the chilled soup market over the predicted timeframe. Europe is a region that has a historical culture of eating soups and is thus the leading region for chilled soups. The rise in healthy eating in Europe and the growing preference for natural and fresh foods fosters the demand for chilled soups. They are usually labeled as fresh, healthy, and preservative-free, which corresponds with consumer requirements.

North America is expected to grow at a rapid CAGR in the chilled soup market during the forecast period. Health consciousness among consumers in North America has increased with a greater focus on nutrition, fresh ingredients, and natural products. North American brands continue to innovate in new, unique, and diverse flavored offerings for an extensive palate. Innovatively produced chilled soups-from plant-based and organic to low-sodium and gluten-free-offer variety and appeal to a wider consumer base.

 Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the chilled soup market along with a comparative evaluation primarily based on their type of 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 type 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

• The Billington
• The Hain Daniels
• Soupologie
• Sonoma Brands
• Tio Gazpacho
• Campbell Soup
• Woolworths
• PepsiCo
• Others

Key Target Audience

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

Recent Development

• In September 2023, Campbell's Foodservice launched Campbell's Culinary Reserve, repositioning its frozen soup line to feature more than 60 chef-inspired soups. The new line, which brings together 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