Dried Soup Market Size Analysis
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$ 4,312.5 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.
There is almost no time left to prepare healthy, well-balanced meals due to the rising number of people who must work to support their families and the hectic pace at which most people live today. As a result, there is a substantial increase in demand for ready-to-eat foods worldwide. These foods satisfy the dietary requirements and the variety of consumers’ palates.
Additionally, introducing gluten-free and organic dry soup varieties with added value is projected to boost product demand. The growth of drugstores, grocery stores online, and supermarkets, in general, has also improved the accessibility of goods. Consumers may be persuaded to purchase dry soup through innovative product packaging that includes the necessary nutritional data and other health benefits.
THE RISING DEMAND FOR READY-TO-EAT AND CONVENIENCE FOOD DRIVER FOR THE GROWTH OF MARKET
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 HIGH CONTENT OF CORN AND SALT IN DRIED SOUPS RESTRAIN THE GROWTH
The global market for dried soups may experience growth challenges due to the unhealthy levels of corn and salt that are thought to raise blood sugar and blood pressure. Some people believe that high salt and maize content in dry soups is harmful because it raises blood pressure and blood sugar levels. The sales of dried soup are anticipated to decline as a result.
Market Segments Covered in Report
By Sales Channel:
By Region and Country:
Will instant-dried soups outsell instant-dried soup in the future?
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.
Additionally, for a sizable client base, the quick and simple preparation offered by Instant dry soups continues to be highly alluring. In many European nations, instant, dry soup consumption has been extremely high. Vegetarian dried soups have more potential for growth than non-vegetarian soups because of the expanding vegetarian population worldwide.
Does dried soup packed in a pouch have high preference than other segments?
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.
These pouches are also very attractive, attracting customers’ attention immediately. Their adoption in packaging various food products, especially dry soup, benefits from the increased focus on employing lighter materials to build recyclable or eco-friendly pouch-based packaging solutions.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Many businesses prioritize product approvals, product launches, and other organic growth strategies like patents and activities. The dried soup market employed the corporate expansion strategies of acquisition and partnerships. Market participants now have a clear path to growing their clientele and businesses thanks to these initiatives. Market participants in the dried soup market are anticipated to gain from enticing growth prospects due to the expanding demand for dried soup in the global industry.
Some of the key developments that have taken place in the Dried Soup Market include the following:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product, Packaging, Sales Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.0%.
The rising demand for ready-to-eat and convenience food is expected to be a major driver for the growth of the dried soup market
Major global Dried Soup Market players 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
The global market for dried soups may experience growth challenges due to the high levels of corn and salt that are unhealthy and are thought to raise blood sugar and blood pressure
Asia Pacific Region is expected to account for the largest market revenue share in the Global Dried Soup market.
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