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Soup Market in US by Product and Distribution Channel - Forecast and Analysis 2021-2025

Soup Market in US by Product and Distribution Channel - Forecast and Analysis 2021-2025

Published: Feb 2021 120 Pages SKU: IRTNTR70278

The soup market size in US has the potential to grow by USD 514.13 million during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 1.27%. 

This report provides a detailed analysis of the market by product (wet soup, dry soup, broth and stock, and others), distribution channel (Offline and Online), and key vendors.

Market Competitive Analysis

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

  • Amys Kitchen Inc.
  • B and G Foods Inc.
  • Campbell Soup Co.
  • Conagra Brands Inc.
  • General Mills Inc.
  • KETTLE CUISINE LLC
  • Nestle SA
  • The Hain Celestial Group Inc.
  • The Kraft Heinz Co.
  • Unilever Food Solutions

The soup market in US is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as rising awareness about and inclination toward healthy food products to achieve growth opportunities. However, factors such as decreasing demand for canned soup in the US will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the soup market forecast in US report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This soup market analysis in US report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Soup Market in US: Key Drivers and Trends

  • The rising awareness and the inclination towards healthy food products will be one of the major factors driving the growth of the market in the coming years. 
  • The consumption of soup helps in the reduction of calories and weight of an individual as it contains high water content.
  • The addition of whole grains like barley and quinoa in soup increases the fiber content. 
  • Organizations such as the Food and Drug Administration (FDA) are also focusing on increasing awareness among consumers by issuing dietary guidelines. Such initiatives will induce consumers to include healthy foods like soup in their regular diet, fueling market growth. 
  • The rising demand for broth-based healthy soup recipes is one of the key soup market trends in the US gaining traction. 
  • The demand for broths, especially premium broths, is increasing among the millennial population.
  • Several broth bars offer broths containing vegetables and bones with added spices and seasonings to their consumers.
  • Companies such as Cargill are focusing on reducing the sodium content in broth-based soups to make the products healthier.

Soup Market in US: Segmentation by Product

The wet soup segment includes several variants of soup such as canned soup, chilled soup, ready-to-serve soup, and artisanal soup. The rising focus on innovations in flavors and packaging is driving the purchase volume of wet soup at restaurants or soup bars. The popularity of chilled soup among consumers is growing since people perceive chilled soup to be more healthy than other variants. Therefore, the growth of the market segment is expected to be significant during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the soup market size in US. We also offer Global Soup Market report which covers varieties of soups available in the market such as vegetable, clear soup, chicken, fish, tomato, and mushroom.

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Soup Market in US: Key Highlights of the Report for 2021-2025

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Soup Market In US Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 1%

Market growth 2021-2025

USD 514.13 million

Market structure

Fragmented

YoY growth (%)

0.63

Regional analysis

North America and APAC

Performing market contribution

North America at 79%

Key consumer countries

Austria and Andorra

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amys Kitchen Inc., B and G Foods Inc., Campbell Soup Co., Conagra Brands Inc., General Mills Inc., KETTLE CUISINE LLC, Nestle SA, The Hain Celestial Group Inc., The Kraft Heinz Co., and Unilever Food Solutions

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 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.

Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Soup market growth will increase by 514.13 million during 2020-2025.

The Soup market is expected to grow at a CAGR of 1.27% during 2020-2025.

Soup market is segmented by Product( Wet soup, Dry soup, Broth and stock, Others) Distribution channel( Offline, Online) Geographic( North America, APAC)

Amys Kitchen Inc., B and G Foods Inc., Campbell Soup Co., Conagra Brands Inc., General Mills Inc., KETTLE CUISINE LLC, Nestle SA, The Hain Celestial Group Inc., The Kraft Heinz Co., Unilever Food Solutions are a few of the key vendors in the Soup market.

North America will register the highest growth rate of 78.62% among the other regions. Therefore, the Soup market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

Austria, Andorra

  • Rising awareness about and inclination toward healthy food products is the driving factor this market.

The Soup market vendors should focus on grabbing business opportunities from the Wet soup segment as it accounted for the largest market share in the base year.