Global Ready-to-Eat Soup Market Size, Share, and Growth Opportunities till 2022 by Fact.MR

From: Fact.MR
Published: Wed Nov 21 2018


As our routine continues to remain packed with several residential, and official tasks, cooking becomes a challenge. Banking on this opportunity, several manufacturers in the food industry are focusing on offering replacement of the home meals. Increasing need for ready-to-eat food is likely to fuel demand for ready-to-eat soup. Growing trend of purchasing pre-cooked food products among customers is becoming a new battlefield for various manufacturers. In a bid to optimize on the ease of consumption and preparation, the manufacturers in the food industry are offering ready-to-eat soup products that include protein, and vegetable ingredients. Attributed to growing competition among market players, the global market is likely to witness range of new products for the vegetarian and non-vegetarian consumers.

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Surge in busy lifestyle is expected to rev up demand for the ready-to-eat soup products globally. Growing prevalence of cold, and cough is further expected to impact growth of the global ready-to-eat soup market positively. According to a recently compiled report, the global ready-to-eat soup market is expected to reflect a CAGR of 5.9% over the forecast period, 2017-2022.

Factors Fuelling Growth of the Global Market     

Growth of the global ready-to-eat soup market is mainly bound to macro-economic and micro-economic factors. Demand for ready-to-eat soup is expected to increase mainly due to growing prevalence of obesity among the youth population. Moreover, surge in the number of health conscious people will further continue to impact growth of the global market positively. Attributed to these factors, the manufacturers are increasingly offering a variety of ready-to-eat soup as a replacement to home of home cooked meals in the global market.

Demand for the ready-to-eat soup is also likely to rev up attributed to increase in the number of diet conscious people. Growing prevalence of obesity among the youth population is further likely to impact growth of the global ready-to-eat soup market positively. As these products are blended with healthy ingredients, consumption of ready-to-eat soup products will remain high in the upcoming years. Increasing consumption of ready-to-eat soup products among diet conscious people is expected to boost the sales of ready-to-eat soup products.

Growing prevalence of cough, cold, and sore throat is also expected to rev up demand for the ready-to-eat soup products. Consumption of chicken soup will continue to remain high attributed to increasing prevalence of sore throat. These factors are likely to contribute towards growth of the global ready-to-eat soup products during the forecast period.

While the overall outlook on growth of the global ready-to-eat market looks positive, several factors such as high amount of corn starch is likely to inhibit demand for ready-to-eat soup products. High content of corn starch increases the level of blood sugar, and effects health of the person negatively. These factors are likely to dip growth of the global ready-to-eat soup market during the forecast period.

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HORECA to Represent a Leading Segment

As consumption of ready-to-eat soup continues to increase, tomato soup is expected to witness increasing demand in the food industry. Tomato as compared to other ingredients is expected to witness the highest revenue growth, recording a value of over US$ 50 Mn by the end of 2022. However, chicken is expected to register the highest CAGR in the global market throughout 2022.

By sales channel, the HORECA segment is expected to represent a value of over US$ 70 Mn by the end of 2017. Online stores is expected to register the highest CAGR in the global market throughout 2022.

Competition Tracking

Leading market players operating in the global ready-to-eat soup market include Campbell Soup Co., The Kraft Heinz Co., Premier Foods PLC, Amys Kitchen Inc., Baxters Food Group Ltd, New Covent Garden Soup Co. Ltd, Yorkshire Provender, and Princes Ltd (Crosse & Blackwell).

Table of Content:

  1. Global Ready to Eat Soup Market - Executive Summary

  2. Global Ready to Eat Soup Market Overview
    2.1. Introduction
    2.1.1. Global Ready to Eat Soup Market Taxonomy
    2.1.2. Global Ready to Eat Soup Market Definition
    2.2. Global Ready to Eat Soup Market Size (US$ Mn) and Forecast, 2012-2022
    2.2.1. Global Ready to Eat Soup Market Y-o-Y Growth
    2.3. Global Ready to Eat Soup Market Dynamics
    2.4. Supply Chain
    2.5. Pricing Analysis
    2.6. Market Opportunities
    2.7. Product Innovations
    2.8. Trade Analysis
    2.9. Key Participants in the Market By Region

  3. Global Ready to Eat Soup Market Analysis and Forecast By Ingredient 
    3.1. Global Ready to Eat Soup Market Size and Forecast By Ingredient, 2012-2022
    3.1.1. Tomato Market Size and Forecast, 2012-2022
    3.1.1.1. Revenue (US$ Mn) Comparison, By Region
    3.1.1.2. Market Share Comparison, By Region
    3.1.1.3. Y-o-Y growth Comparison, By Region
    3.1.2. Beans Market Size and Forecast, 2012-2022
    3.1.2.1. Revenue (US$ Mn) Comparison, By Region
    3.1.2.2. Market Share Comparison, By Region
    3.1.2.3. Y-o-Y growth Comparison, By Region
    3.1.3. Chicken Market Size and Forecast, 2012-2022
    3.1.3.1. Revenue (US$ Mn) Comparison, By Region
    3.1.3.2. Market Share Comparison, By Region
    3.1.3.3. Y-o-Y growth Comparison, By Region
    3.1.4. Beef Market Size and Forecast, 2012-2022
    3.1.4.1. Revenue (US$ Mn) Comparison, By Region
    3.1.4.2. Market Share Comparison, By Region
    3.1.4.3. Y-o-Y growth Comparison, By Region
    3.1.5. Artichokes Market Size and Forecast, 2012-2022
    3.1.5.1. Revenue (US$ Mn) Comparison, By Region
    3.1.5.2. Market Share Comparison, By Region
    3.1.5.3. Y-o-Y growth Comparison, By Region
    3.1.6. Mixed Vegetables Market Size and Forecast, 2012-2022
    3.1.6.1. Revenue (US$ Mn) Comparison, By Region
    3.1.6.2. Market Share Comparison, By Region


Continued……………..

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