Dried Soup Market by Product and Geography - Forecast and Analysis 2021-2025

“The Dried Soup Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of USD 1.46 billion and CAGR of 2.27% by segment Product and Geography during the forecast period 2020 to 2025” 

Furthermore, this report extensively covers the smart home appliances market segmentation by product (dehydrated dried soup and instant dried soup) and geography (Europe, North America, APAC, South America, and MEA). The market report also offers information on several market vendors, including Acecook Vietnam Joint Stock Co., Baxters Food Group Ltd., Campbell Soup Co., CONAD Soc. Coop., Conagra Brands Inc., General Mills Inc., Nestle SA, The Hain Celestial Group Inc., The Kraft Heinz Co., and Unilever Group.

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Parent Market Analysis

Technavio categorizes the Dried Soup Market as a part of the Consumer Staples industry within the Food Products industry. Our Technavio research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year. 

Dried Soup Market: Key Drivers, Trends, and Challenges

Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the dried soup industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge. 

Key Dried Soup Market Driver

One of the key factors driving growth in the market is the rise of health consciousness among consumers. Although ready-to-cook meals are highly convenient and save the time and effort required to prepare a meal, the preservatives added to extend their shelf life have a few side effects. The high content of salt in such soups can increase blood pressure and sugar levels which can adversely affect the health of a person and increase obesity. Many thickening agents such as refined flour and corn starch are also used, which increase the soup's calorie and fat content. Consumers are aware of the food they consume and its impact on holistic health. Such factors hamper the adoption of dried soups.

Key Dried Soup Market Challenge

The regulations in the food and beverage industry will be a major challenge for the market during the forecast period. Stringent regulations issued by various government bodies in different countries account for a potential challenge to the growth of the global market. The Food and Drug Administration in the US is responsible for protecting public health by ensuring the safety of the global food supply. It also regulates the manufacturing, marketing, and distribution of food products. The FDA ensures the protection of consumers against impure, unsafe, and fraudulently labelled products. All food manufacturers must register themselves with the FDA. If there are any issues, the FDA has the authority to recall the product. Product recalls severely impact the brand image as well as the operations and sales of a company. Regulations pertain not only to food contents but also to packaging and labelling. The packaging material should not contain harmful substances. The package should contain information such as the ingredients used, net quantity, and storage details. Failure to adhere to these regulations may result in a recall or ban of the product. The prevalence of such stringent regulations can act as a challenge for the growth of convenience foods, such as instant soups, during the forecast period. 

Dried Soup Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the dried soup market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Who are the Major Dried Soup Market Vendors?

Campbell Soup Co. - The company offers Condensed Soups such as Cream of Chicken Soup, Chicken Noodle Soup and more.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

• Acecook Vietnam Joint Stock Co.
• Baxters Food Group Ltd.
• Campbell Soup Co.
• CONAD Soc. Coop.
• Conagra Brands Inc.
• General Mills Inc.
• Nestle SA
• The Hain Celestial Group Inc.
• The Kraft Heinz Co.
• Unilever Group

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Which are the Key Regions for the Dried Soup Market?

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39% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for dried soup in North America. Market growth in this region will be faster than the growth of the market in the European regions.

The market in North America includes developed countries such as the US and Canada, which are the major contributors to the market of this region. With the increasingly busy lifestyles, the working-class population prefers convenient and faster ways of preparing food and hence, prefers ready-to-make food products. In addition, an increase in per capita income is also expected to drive market growth in the region during the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Owing to the COVID-19 pandemic, customers hoarded a lot of food items in the year 2020. As Campbell soup products had a significant presence at almost every store, the company captured a large audience and grew its customer base. With people's preference to eat at home during the lockdown period, coupled with the shutdown of restaurants, the sales of instant dried soup increased through online channels. A majority of the dried soup production takes place in this region, resulting in high consumption as well. As the demand for healthy foods is increasing, manufacturers are also launching different varieties and flavours of soup to capture market share. 

What are the Revenue-generating Product Segments in the Dried Soup Market?

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The market share growth by the dehydrated dried soup segment will be significant during the forecast period. The ingredients in a dehydrated dried soup are dehydrated by slow air drying or freeze-drying, resulting in the removal of water content in them. The use of these dehydration methods ensures that the soup retains the maximum nutritional value. The dehydration of ingredients such as vegetables increases the shelf life of the soup. Therefore, dehydrating food products is the best way to preserve them for a longer time. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

Dried Soup Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 2.27%
Market growth 2021-2025	$ 1.46 billion
Market structure	Fragmented
YoY growth (%)	1.58
Regional analysis	Europe, North America, APAC, South America, and MEA
Performing market contribution	North America at 39%
Key consumer countries	US, Germany, China, UK, and Canada
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Acecook Vietnam Joint Stock Co., Baxters Food Group Ltd., Campbell Soup Co., CONAD Soc. Coop., Conagra Brands Inc., General Mills Inc., Nestle SA, The Hain Celestial Group Inc., The Kraft Heinz Co., and Unilever Group
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Dried Soup Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the dried soup industry across Europe, North America, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

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