With the slowdown in world economic growth, the Packaged Soups industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Packaged Soups market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Packaged Soups market size will be further expanded, we expect that by 2023, The market size of the Packaged Soups will reach XXX million $.
Overview
A packaged soup or instant soup is a popular food consumed all over the world. They are inexpensive and easy to prepare. Soup is considered a great comfort meal and packaged food is a convenient option to consume it. Generally, it is prepared by pouring hot water and is available in a variety of flavors. The global packaged soups market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, Middle East, and Africa. The global packaged soups market is expected to witness significant growth during the forecast period, owing to rapid urbanizations worldwide.
Market Drivers
High growth of food and beverage sectors worldwide is expected to support growth of the global packaged soups market during the forecast period. According to the India Brand Equity Foundation (IBEF), the Indian Food Processing Industry was valued at US$ 258 billion in 2015 and is expected to continue to grow during the forecast period. Packaged soup is widely consumed by working professionals, trekkers, etc. This, in turn, is expected to drive growth of the global packaged soups market during the forecast period. Furthermore, rising urbanization worldwide combined with a greater preference for convenient food is expected to propel the global packaged soups market growth over the forecast period.
Market Restraint
Rising awareness regarding hazardous effects of preservatives is expected to restrain growth of the global packaged soups market during the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global packaged soups market during the forecast period. This is owing to growing shift of consumers towards convenience products due to increasing hectic lifestyles across the region. Moreover, Asia Pacific is expected to register a lucrative growth rate over the forecast period, owing to rising population of working professionals in the region.
Competitive Section
Major companies involved in the global packaged soups market are Campbell Soup, The Real Soup, ConAgra Foods, Pacific Foods, General Mills, New Covent Garden, Greencore, Kettle Cuisine, Hain Celestial, Baxters Food, and Amy's Kitchen.
Major companies in the market are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in December 2017, Campbell Soup Company acquired Pacific Foods for US$ 700 million in cash.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
Campbell Soup
ConAgra Foods
General Mills
Greencore
Hain Celestial
Amy's Kitchen
Baxters Food
Kettle Cuisine
New Covent Garden
Pacific Foods
The Real Soup
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Microwavable Soups
Ready-To-Drink Soups
Industry Segmentation
Convenience Stores
Supermarkets
Hypermarkets
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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