Industry Background:
Packaged soup is an instant convenience soup produced for simple and fast preparation. These soups are packed in flexible packaging to keep it safe and fresh from fill through final dispensing with aseptic packaging technology. Packaged soups are processed with artificial flavors and preservatives to improve its taste and shelf life. Growing demand for convenience foods in the commercial sector and the rise in disposable income of people are the driving factors of the market. Moreover, these soups are available as veg or non-veg options.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | The Hain Celestial Group, Inc. (United States), ConAgra Brands, Inc. (United States), Nestle S.A. (Switzerland), General Mills, Inc. (United States), Campbell Soup Company (United States), B&G Foods, Inc. (United States), Ajinomoto Co., Inc. (Japan), Unilever PLC (United States), The Kraft Heinz Company (United States) and Kettle Cuisine LLC (United States) |
According to AMA, the market for Packaged Soups is expected to register a CAGR of 6.1% during the forecast period to 2027. This growth is primarily driven by Increase in Demand for Packaged Soup from Millennial Coupled With Spending on Convenience Products and Growing Number of Quick Service Restaurants across the Globe.
Globally, a noticeable market trend is evident Surge in the Demand for Instant Microwavable Soup Major Vendors, such as The Hain Celestial Group, Inc. (United States), ConAgra Brands, Inc. (United States), Nestle S.A. (Switzerland), General Mills, Inc. (United States), Campbell Soup Company (United States), B&G Foods, Inc. (United States), Ajinomoto Co., Inc. (Japan), Unilever PLC (United States), The Kraft Heinz Company (United States) and Kettle Cuisine LLC (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2017, Campbell Soup Company acquired Pacific Food, a leading producer of organic broth and soup, and also produces shelf-stable plant-based beverages and other meals and sides.
In December 2018, Ajinomoto is constructing a new plant for manufacturing soup and other products at its Kawasaki site with a partnership with the Kawasaki Knorr Foods operation would be moved into the new plant.
Regulatory Insights:
The Food and Drug Administration (FDA) has issued guidelines The Federal Food, Drug, and Cosmetic Act (FD&C Act) and the Fair Packaging and Labeling Act, for foods produced and sold domestically and from foreign countries, in the United States are safe, wholesome and properly labeled.
Packaged Soups Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increase in Demand for Packaged Soup from Millennial Coupled With Spending on Convenience Products
- Growing Number of Quick Service Restaurants across the Globe
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Influencing Trends | - Surge in the Demand for Instant Microwavable Soup
|
Restraints | - Rise in Consumer Awareness Regarding the Harmful Effects of Preservatives to Increase the Shelf Life
- High Salt Content Present in the Packaged Soup
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Gaps & Opportunities | - Growing Demand for Vegan Products and Rapid Growth of Online Retail Platform
- Rising Investments by International Players in Start-ups
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Packaged Soups Market
- Analysis about New Entrants in Packaged Soups Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Packaged Soups Study Sheds Light on
The Packaged Soups Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Packaged Soups industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Packaged Soups industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.