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

Published: Feb 2021 Pages: 120 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 Overview

Browse TOC and LoE with selected illustrations and example pages of Soup Market in US

 Request a FREE sample now!

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.

 

Grab your Free Sample now to unlock further information on other key market drivers 

Soup Market in US: Segmentation by Product

Request for a FREE sample and Get more information on the market contribution of various segments

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.

 

Request for a FREE sample

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

$ 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.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Wet soup - Market size and forecast 2020-2025
    • Dry soup - Market size and forecast 2020-2025
    • Broth and stock - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor Landscape
    • Landscape disruption
    • Competitive landscape

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    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

    PURCHASE FULL REPORT OF

    soup market

    QUICK BUY

    Key Questions Answered

    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?

    Why should you prefer Technavio's market insights report?

    • Off-the-shelf research reports
    • Reports can be tailored to meet the customer's needs
    • Trusted by more than 100 fortune 500 organizations
    • Information about the market's key drivers, trends, and challenges
    • Parent market analysis
    • Every week, 50,000 people visit our subscription platform
    • Detailed vendors report with competitive landscape
    • Covid-19 impact and recovery analysis
    • Data on revenue-generating market segments
    • Details on the market shares of various regions
    • Five-force market analysis