Frequent product launches fuel the demand in Global Soups Market

1. Global Soups Market estimated to cross USD 20 billion by the end of 2025 Market overview: The global Soups Market was worth USD 16 billion in 2020, and it is estimated that it will reach USD 20 billion by 2025 at a CAGR of 3.1% during the outlook period. Soup is a liquid food served hot and is considered the first course of a meal and a good appetizer. Liquid foods are generally served as hot, quick meals, and soups offer a number of health benefits due to the presence of various health- promoting ingredients, such as lentils, meat, or beans and vegetables that make up an energy pack of minerals, vitamins and nutrients. Apart from preventing soup and gastrointestinal infections, it also increases immunity levels and ensures healthy digestion. Recent developments: In October 2019, Campbell launched a proprietary reduced sodium soup targeting the ready-to-eat soup market to meet the growing demand for low-salt soup. In February 2020, Knorr launched three different flavors of vegan soup in the UK, which was part of the company's 'meat fraud' campaign. Market Drivers and Restrains: Changes in consumer lifestyles and a greater propensity to consume healthy foods are expected to drive overall demand in the coming years. This industry is driving the growing demand for prepared foods and is increasing awareness of the health benefits of soup. Increasing demand for prepared foods is likely to drive the market during the evaluation period. As the workforce shifts its preferences for processed foods, demand for soup is increasing around the world. These health benefits of soups attract a large population of health-conscious consumers around the world. It is also considered a thriving market as consumption of soup as a meal replacement increases. The soup contains ingredients such as vegetables and meat that are considered to provide a variety of health benefits and prevent indigestion. Market participants are also launching innovative packaging and flavors specifically for children that further promote

2. market growth. Of the various types of soups, the consumption of dry soup is estimated to have most of the growth during the outlook period. Because people prefer fast foods due to their busy lifestyle. Product diversity, health and wellness trends and the active promotion of soup manufacturers are contributing factors to the growth of the soup market in Europe. Factors such as a greater preference for freshly prepared foods and the presence of preservatives are considered to hamper market growth during the evaluation period. The high salt and corn content in dry products are considered to harm individual health by inhibiting market growth by raising blood pressure and blood sugar. To know more read: https://www.marketdataforecast.com/market-reports/soups-market Report is segmented as: The world market for soups has been segmented according to type and distribution channel. By type, the soup market has been segmented into dry, wet and others. Among these, the dry soup is convenient to use, easy to pack, and widely accepted among the workforce. Based on the distribution channels, the soup market has been segmented into supermarkets and hypermarkets, convenience stores, and others. Other segments include organic stores and grocery stores. Geographical Segmentation: Europe has become the dominant regional market for soups. The region had revenues of $ 6.4 billion in 2019 and is expected to occupy a significant market share during the forecast period. North America recorded the second largest market share in 2019 with over 30.0%. Markets in Asia Pacific and elsewhere have growth opportunities for new segments. Populations in developing countries, including India, China, Thailand, and Bangladesh, have adopted a Western culture of life and work. This, in turn, could increase the demand for dried and canned soup products in the region. Impact of COVID 19 on Soups Market

3. Ready-to-eat soup is considered a healthy and effective treatment for consumers suffering from coughs and colds. COVID-19 positive consumers with similar symptoms are accelerating demand for RTE soups as sales of ready-to-eat soups increase. A moderate gap between supply and demand is expected in 2020 as supply is limited to fewer manufacturing facilities and relies on limited operational staff. Key market players: Companies in the market include New Covent Garden, Heinz classic, Campbell soup company, Batchelors cup aSoup, Yorkshire soup, Mugshot pasta snack, Unilever PLC, Baxters, General Mills, Kettle cuisine, Blount fine foods, Amy's kitchen inclusive, Knorr, Weight Watcher and Crosse & Blackwell. View sample and decide: https://www.marketdataforecast.com/market-reports/soups-market/request- sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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