Canned Soup Market - Outlook On Emerging Application, Revolutionary Trends & Potential Growth Strategies 2032

The canned soup market is witnessing significant growth in recent years due to the convenience it offers to consumers. Canned soups are a quick and easy meal option, saving time and effort in the kitchen. With an increasing number of working individuals and busy lifestyles, the demand for ready-to-eat meals is soaring. Additionally, the pandemic has further driven the market, as people seek shelf-stable, long-lasting food options during lockdowns.

The global canned soup market is anticipated to rise at a CAGR of 6.6% over the projected period, reaching a market value of US$ 2.8 Bn by 2022.

Furthermore, consumers prefer canned soup products to alternative protein sources because of benefits such as balanced macro and micronutrients, as well as high protein content. As the consumption of processed foods is increasing across the globe, the demand in the market is expected to surge.

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Other factors influencing the growth in the market include an increase in the working population, a fast-paced lifestyle, and per capita spending on processed food goods, among others. Also, the growing demand for ready-to-eat food products and rising health concerns will boost the market.

Canned soups are widely available, handy, and convenient as ready-to-eat food products. With the growing prevalence of obesity in North America, the demand for boxed soups made with natural, fresh ingredients and minimal preservatives is increasing.

Key Takeaways

The U.S. canned soup market is expected to witness the fastest growth over the forecast period due to the high presence of leading companies.
Europe canned soup market will surpass US$ 868 Mn, accounting for 31% of the demand share in the global market
Based on type, the condensed soup segment will remain dominant due to increased health benefits.
In terms of processing, the organic condensed soup will remain highly sought-after over the forecast period.

“Increased demand for packaged and ready-to-eat food products will favor the sales of canned soup across the globe. With increased spending on convenient food products, key players are likely to introduce new flavors to expand their consumer base”, says a lead analyst at Future Market Insights.

Competitive landscape

Some of the players in the market are Campbell Soup Company Amy’s Kitchen Inc, General Mills Inc., The Kraft Heinz Company, Baxters Food Group, Unilever, Struik Foods Europe NV, Vanee Foods Company, BCI Foods Inc., Hain Celestial.

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