Instant Soup Market

Instant Soup Market

Global Market Study on Instant Soup: Customized Offerings by Manufacturers Complementing Market Growth

  • XPLREP5774

  • September, 2020

  • 285 Pages

  • Food

Time-Saving Coupled with Health Benefits to Drive the Instant Soup Market

As per a report available on XploreMR, the global instant soup market is expected to grow by leaps and bounds between 2020 and 2030.

The instant soup market is driven by health benefits linked with the ingredients like ancient grains, meat-free varieties, and quinoa. The non-vegetarian soups have always been at the top pedestal. Vegan varieties are something to watch out for.

What’s in?

Advertisements through celebrities and also through chefs are the catalysing factor for instant soup market. Digital marketing has added to the promotion. It proves as a feasible technique overall, as things happen just on a few clicks after healthy brainstorming by the creative geniuses. As such, the instant soup market is expected to ride on digital marketing, especially as it would be the future looking at the loom scenario in the pandemic situation.

Covid-19 Impact

The outbreak of Covid-19 has had an indelible impact on the entire economy, with all the industry verticals being severely hit. The partial/total lockdowns have resulted in suspension of manufacturing processes of instant soup, even though demand on their part had never slowed down. The only difference since then is that people prefer consumption of instant soup at homes in place of the foodservice restaurants. This gap in demand and supply is expected to continue till mid-2021 (till Covid-19 vaccine is in place).

Region-wise Analysis

The global instant soup market constitutes North America (Canada, US), Eastern Europe (Russia and Poland), Western Europe (Luxembourg, The Netherlands, Belgium, Nordic countries, Italy, Spain, France, UK, Germany), Asia-Pacific (New Zealand, Australia, ASEAN, Japan, India, China), MEA (North Africa, Southern Africa, GCC), and Latin America (Chile, Peru, Brazil, Mexico, and others).

North America holds the largest market share, especially in the wake of organic instant soups gaining higher traction all across the US. Europe holds the second position in this regard. The Asia-Pacific is expected to grow at the fastest pace going forward, as the youngsters, especially the working professionals and students prefer instant gratification in the form of soups. Likewise, MEA and Latin America are also expected to catch up with industrialization picking up in Brazil and Nigeria and less downtime left with people.

Competitive Landscape

The key players in the instant soup market include Nestle, Unilever, general Millss Inc., Conagra Brands, Inc., Campbell Soup Company, B&G Foods, Inc., Baxters Food Group Ltd., and Productos Alimenticios La Moderna SA de CV. Conagra Brands, Inc. does table healthy soups along with vitamins under “Healthy Choice” brand. The flavors available are “chicken tortilla” and “chicken & dumplings”. Also, participants like Knorr are into “point-of-sale” promotions. This, in turn, does help them to get involved with customers on direct basis. Continuous feedback from the consumers has helped in bolstering the sales on their part.

Also, tier-1 players do boast of a portfolio of more than 100 products. The food industry has been following a practice of doling out more number of non-vegetarian products as compared to the veg ones. Kraft Heinz, Progresso, and Campbell are examples of these players. However, the inclination towards turning vegan is bound to compel players to go for vegetarian instant soups in the years to come. Plus, “clean label” products are being asked for. They could be both – veg as well as non-veg.

Companies like Sainsbury, Pea Soup Andersen, and Trader Joe’s are known for their portfolio of instant wet soups.

Instant Soup Market: Report Scope

The latest market report by XploreMR on the global instant soup market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global instant soup market for the forecast period of 2020-2030. The report provides a detailed assessment of key market dynamics and comprehensive information about the structure of the global instant soup market. XploreMR contains exclusive insights into how the global instant soup market is anticipated to grow during the forecast period of 2020-2030.

The primary objective of the global instant soup market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with instant soup. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to compound annual growth rate (CAGR) for overall forecasts, to enable readers better understand the analysis and evaluation of the global instant soup market, and to discover lucrative opportunities in the market.

This report also provides an estimate of the global instant soup market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the instant soup market. Furthermore, new and emerging players in the global instant soup market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global instant soup market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global instant soup market. All stakeholders in the global instant soup market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in XploreMR’s report.

Key Segments of Global Instant Soup Market

XploreMR’s report on the global Instant soup market offers information divided into six segments - nature, form, end use, source, distribution channel, and region.

Nature

Form

End Use

Source

Distribution Channel

Region

  • Organic
  • Dry
  • Foodservice
  • Animal-based
    • Chicken
    • Beef
    • Others
  • Business to Business
  • North America
  • Conventional
  • Liquid
  • Retail/Household
  • Plant-based
    • Tomatoes
    • Mushrooms
    • Corn
    • Others
  • Business to Consumer
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Discounters
    • Online Retail & Others
  • Latin America

 

 

 

 

 

  • Europe

 

 

 

 

 

  • South Asia

 

 

 

 

 

  • East Asia

 

 

 

 

 

  • Oceania

 

 

 

 

 

  • Middle East & Africa

Key Questions Answered in XploreMR’s Global Instant Soup Market Report

  • Which region will hold the highest market share in the global instant soup market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global instant soup market?
  • What are the global trends impacting the instant soup market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the instant soup market?
  • What is the market structure of the global instant soup market?

Global Instant Soup Market: Research Methodology

XploreMR is committed to providing unbiased market research solutions to its clients. XploreMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global instant soup market and reach conclusions about the future growth factors of the market. XploreMR’s research methodology comprises primary research methods coupled with secondary research methods, which ensure the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions - North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which XploreMR considers for segmenting the global market.

Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research
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Global Market Study on Instant Soup: Customized Offerings by Manufacturers Complementing Market Growth
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