What is Foreseen Growth for the Soup Market Size and Trends?
The soup market size has shown consistent growth in recent years, rising from $16.73 billion in 2024 to $17.36 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.8%. The steady growth can be attributed to a rising demand for convenient meals, increased interest in healthy eating habits, aging population, and urbanization, coupled with the rising consumption of easy-to-digest, nutrient-rich foods.
Continuing this growth trajectory, the soup market size is projected to reach $20.6 billion in 2029 at a compound annual growth rate (CAGR) of 4.4%. This growth forecast takes into account factors like economic stability and growth, the rise of plant-based and vegan options, interest in global cuisines and fusion foods, and the expansion of online food ordering and delivery services. Another significant factor is the increasing pace of life that demands quick and convenient meals. Technological and packaging innovations and premium, artisanal, nutritious soups are anticipated as major trends going forward.
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What is Driving the Soup Market Growth?
The escalating demand for convenience food is significantly propelling the soup market’s growth. Soups with their easy-to-consume characteristic fit perfectly into this trend. For instance, sales of convenience food items, which included prepared food and dispensed beverages, rose to 26.9% of in-store sales in 2023, an increase from 25.6% in the previous year according to a report by the US-based National Association of Convenience Stores (NACS). This rise underscores the increasing demand for food that caters to delivery and dine-out requirements, thus marking a positive development for the soup market.
How is the Soup Market Segmented?
The soup market discussed in this report is mainly categorized based on:
1) Type: Canned/Preserved Soup, Chilled Soup, Dehydrated Soup, Frozen Soup, Ultra-High Temperature Processing (UHT) Soup
2) Category: Vegetarian Soup, Non-Vegetarian Soup
3) Packaging: Canned, Pouched, Other Packaging
4) Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Online Stores, Other Distribution Channels
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Which are the Key Players in the Soup Market?
Major players operating in the soup market include General Mills Inc., The Kraft Heinz Company, Campbell Soup Company, Unilever PLC, Baxters Food Group Limited, Blount Fine Foods, Loblaw Companies Limited, B&G Foods Inc., Conagra Brands Inc., Hain Celestial Group Inc., Kettle Cuisine LLC, Knorr Foods Co Ltd., Nissin Foods Holdings Co Ltd., Pacific Foods of Oregon LLC, Premier Foods Group Ltd., Progresso Foods Inc., The Original Soupman Inc., The Real Soup Company Limited, Trader Joe’s Company, Amy’s Kitchen Inc., Bear Creek Country Kitchens Inc., Dr. McDougall’s Right Foods Inc., Imagine Foods Inc., Kewpie Corporation, Maruchan Inc., Nongshim Co Ltd., Ottogi Co Ltd., Sapporo Holdings Ltd., Toyo Suisan Kaisha Ltd., Wei Chuan Foods Corporation.
What are the Latest Trends in the Soup Market?
A significant trend in the soup market is the introduction of cup soups. The soup giants are launching these to cater to the increasing demand for quick, ready-to-eat meal options that fit into today’s busy lifestyles. These soup servings are rich in protein and fiber owing to the inclusion of various legumes, contributing to a balanced diet. For instance, in October 2023, Atlante Srl, an Italian company, launched Vitto-branded legume cup soups, which are easy to carry and consume anywhere.
Which Region Dominates the Soup Market?
In 2024, North America was the largest region in the soup market and is anticipated to be the fastest-growing region in the soup market share during the forecast period.
What Does The Soup Market Report 2025 Offer?
Soup refers to processed soup products in canned or packaged liquid dishes frequently served at the beginning of a meal. It contains various ingredients like meat, poultry, seafood, fish, and vegetables. Additional thickening ingredients and flavoring agents are used to enhance the taste and texture. The Soup Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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