Dried Soup Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Dried Soup Market grew at a CAGR of 4.3% between 2017-2021 and is estimated to be US$ 4312.5 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.0% and is expected to reach a valuation of US$ 6,383.6 Mn by 2032 end.
The ingredients in the dried soup are dehydrated vegetables, meat, grains, legumes, other components, flavorings, and preservatives. Using a slow air drying or freeze-drying method, the ingredients in the dried soup are dried out without losing any of the food’s nutritional content. Compared to canned soups, which contain high levels of sodium and preservatives, they are more nutrient-dense. The working class is a huge fan of dried soups and regards them as convenient food.
ChemView Consulting has analyzed that the market for dried soup is anticipated to increase significantly due to the rising demand for convenience and ready-to-eat foods. The global dried soup market is expected to grow due to rising consumer awareness about the consumption of wholesome foods. Due to its advantages over other types of soup, such as canned and condensed wet soups, dried soup makes up a large portion of the soup industry in terms of consumption. The market for dried soup is anticipated to grow due to the availability of products made with organic and gluten-free ingredients.
The demand for instant dried soups is much higher. Sales of instant dry soup currently generate more than one-third of the revenue from the global dried soup business. Various flavors, including vegetables, grains, dried meat, and legumes, are available in instant dry soup mixes.
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Segments Covered in Report
By Product:
- Dehydrated Dried Soups
- Instant Dried Soups
By Packaging:
- Pouches
- Cups
- Boxes
By Sales Channel:
- HORECA
- Modern Trade
- Convenience Stores
- Online Stores
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Dried Soup Market
- Based on the product, the demand for instant dried soups is much higher. Sales of instant dry soup currently generate more than one-third of the revenue from the global dried soup business. Various flavors, including vegetables, grains, dried meat, and legumes, are available in instant dry soup mixes.
- Based on the packaging, dried soups in pouches are extremely well-liked by consumers. Businesses are using new and eye-catching pouch-packing techniques that are both useful and effective. The bags presently used in the packaging of dry soup mixes increase the food’s shelf life while reducing the risk of infection.
- Based on the region, the market for dried soup in APEJ is anticipated to exhibit a high CAGR and a market share of 42.3% during the forecast period due to rising consumer disposable income and population growth. In growing nations like India and China, investments in the food processing sector are increasing.
Competition Summary
Key companies covered in the market study are Unilever Canada Inc. (Knorr), Harmony House Foods, Inc., J. Heinz Company, L.P.McKenzie’s, Mother Earth Products, Cooke Tavern Soups, Frontier Soups, CAMPBELL COMPANY OF CANADA, Bear Creek Country Kitchens, LLC, John A. McDougall, M.D., Harvest Right LLC
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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