Canned Soups Market Dynamics and Trends by 2027

Historic Data: 2017-2018   |   Base Year: 2019   |   Forecast Period: 2020-2027

Canned Soups Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Condensed and Ready-to-Eat), Category (Vegetarian and Non-Vegetarian), Processing (Regular Soup and Organic Soup), and Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online, and Others)

  • Report Date : Jan 2021
  • Report Code : TIPRE00017848
  • Category : Food and Beverages
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 179

The canned soups market was valued US$ 4,889.04 million in 2019, it is estimated to grow at a CAGR of 3.8% from 2020 to 2027.

High demand for ready-to-eat food products, rapid shift in consumer food preferences, and increase in health concerns are driving the growth of the canned soup market. Canned soups is a ready-to-eat convenient food product that is easily available in the market. Processing the canned soups is easy and takes less time for the preparation. Canned soup export business has also augmented in recent times owing to the high acceptance power for these products among consumers and brand awareness among the developing economies. Furthermore, the growing working population and increasing preferences for processed food products due to their health benefits boost demand for canned soup products. In addition, shifting of rural population to urban areas in developing countries in Asia Pacific—such as China and India is also projected to increase the demand for various consumer goods, which is also expected to boost the growth of the canned soups market during the forecast period.

In 2019, North America contributed to the largest share in the global canned soups market. Increasing instance of obesity and rising campaigns regarding health awareness in the North America propelled the demand for packaged soup having natural and fresh ingredients. Therefore, the demand for canned soup has also increased and manufacturers are providing different flavors to the consumers. The increase in the variety of products, surge in the consumption of healthy products, and promotion by the key players in the region have increased the demand for canned soup in North America.

The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of January 2021, the US, Brazil, India, Russia, Spain, and the UK are among the worst affected countries in terms of confirmed cases and reported deaths. The pandemic is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food & beverage is one of the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. For instance, China is the global manufacturing hub and largest raw material supplier for various industries and it is also one of the worst affected countries. The lockdown of various plants and factories in China is disrupting the global supply chains and hindering the manufacturing activities, delivery schedules, and various materials sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hampering the business collaborations and partnerships opportunities. All these factors are hindering the industries, and thus act as restraining factor for the growth of various markets related to this industry.

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Canned Soups Market: Strategic Insights

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Market Insights

High Shelf Life of Canned Food Products

The shelf life of any canned soup is the amount of time it requires to degrade to the non-palatable state. Shelf life extension ingredients added in the canned soup products slow down the process of food degradation and enable longer storage of the food items. They are both organic and conventional in origin. Shelf life extension ingredients also aid in the keeping food logistics decongested, sustain canned soups in frozen areas, and improve consumer confidence over stability of food items. Consumers have become more aware about their diet. Health benefits such as improved immunity, lower caloric intake, and high protein intake are other factors expected to influence the product demand. Moreover, canned soups with high shelf life also comprise high content of nutrition, minerals, vitamins, and proteins. On a global level, youngsters are preferring to purchase premium goods due to health attributes and are ready to change their habits toward healthier nutrition. Canned soup made from fresh vegetables, and bone and meat has gained tremendous popularity as it offers various health benefits and nutrition as well as it has a high shelf life. In addition, consumers are opting for canned soup products over other protein sources owing to its benefits such as the presence of macro and micronutrient in good proportion with a high concentration of protein. Additionally, packed soups are majorly preferred over soups served in the restaurants and food outlets due to ease of access as well as durability of packages. Drinking canned soups or making a simple soup help add more protein into the diet and prevents one from consuming too many calories. Thus, consumer’s inclination toward nutrition-based canned soup drives the market growth.

Type Insights

Based on type, the global canned soups market is bifurcated into condensed and ready-to-eat. In 2091, the condensed segment led the market. Condensed canned soup products are produced by using a wide variety of seasonings and foods that offer high nutritional value. The consumption of condensed soup offers numerous health benefits as well as it is a concentrated source of protein and calcium, which play a vital role for the building of body. Thus, the market for condensed soup segment is expected to growth significantly during the forecast period.

Distribution Channel Insights

The canned soups market, by distribution channel, is segmented into hypermarkets/supermarkets, convenience stores, online, and others. In 2019, the hypermarkets/supermarkets  segment dominated the market, whereas the market for the online segment is anticipated to grow at the swiftest growth rate during 2020–2027. Hypermarket and supermarket are considered a minor sales channel for the sales of canned soups and the vast array of other products. Canned soups are also placed at an eye-catching assortment on shelves of hypermarkets and supermarkets to attract customers. These stores offer products of different brands in one place with affordable prices than other distribution channels. Also, products of different brands are placed nearby to help buyer select suitable products in less time. Apart from this, factors such as hassle-free transactions, bulk purchasing, better services, and a pleasant customer experience encourage buyers to shop from hypermarkets and supermarkets.

A few key players operating in the canned soup 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., and Hain Celestial Companies. These companies provide a wide range of product portfolio for canned soups market. They also have their presence in the developing regions, which provides lucrative opportunities for the growth of the canned soup market.

Canned Soups Market Regional Insights

The regional trends and factors influencing the Canned Soups Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Canned Soups Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

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Canned Soups Market Report Scope

Report Attribute Details
Market size in 2019 US$ 4.89 Billion
Market Size by 2027 US$ 6.49 Billion
Global CAGR (2019 - 2027) 3.8%
Historical Data 2017-2018
Forecast period 2020-2027
Segments Covered By Type
  • Condensed and Ready-to-Eat
By Category
  • Vegetarian and Non-Vegetarian
By Processing
  • Regular Soup and Organic Soup
By Distribution Channel
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Campbell Soup Company
  • Amy

  • Canned Soups Market Players Density: Understanding Its Impact on Business Dynamics

    The Canned Soups Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Canned Soups Market are:

    1. Campbell Soup Company
    2. Amy

    Disclaimer: The companies listed above are not ranked in any particular order.


    canned-soups-market-cagr

    • Get the Canned Soups Market top key players overview

    Report Spotlights 

    • Progressive industry trends in the global canned soups market to help players develop effective long-term strategies
    • Business growth strategies adopted by developed and developing markets
    • Quantitative analysis of the market from 2017 to 2027
    • Estimation of the demand for canned soups across various industries
    • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
    • Recent developments to understand the competitive market scenario and the demand for canned soups
    • Market trends and outlook coupled with factors driving and restraining the growth of the canned soups market
    • Decision-making process by understanding strategies that underpin commercial interest with regard to the growth of the global canned soups market
    • Canned soups market size at various nodes of market
    • Detailed overview and segmentation of the global canned soups market as well as its dynamics in the industry
    • Canned soups market size in various regions with promising growth opportunities

    Canned Soups Market, by Type

    • Condensed
    • Ready-to-Eat


    Canned Soups Market, by Category

    • Vegetarian
    • Non-Vegetarian


    Canned Soups Market, by Processing

    • Regular Soup
    • Organic Soup


    Canned Soups Market, by Distribution Channel

    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Online
    • Others


    Company Profiles

    • 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

    Frequently Asked Questions

    Based on type, why condensed segment accounted for the largest share in the global canned soups market?

    The condensed segment had a significant market share, and this trend is expected to continue over the forecast period. Condensed soup is a type of canned soup prepared with a low proportion of water, in which consumers can add milk or water during consumption. The global market for canned soups is projected to expand at a robust rate as canned soups products become popular worldwide. Canned soups made from fresh vegetables have gained tremendous popularity due to this soup's health benefits and nutritional value. Furthermore, the development of new preparation styles for canned soups has also aided the growth of the global canned soups market.

    Can you list some of the major players operating in the global canned soups market?

    The major players operating in the global canned soups market are Amy’s Kitchen Inc, Baxters Food Group, Campbell soup Company, The Kraft Heinz Company, General Mills Inc., Unilever, Hain Celestial, Struik Foods Europe NV, Vanee Foods Company, and BCI Foods Inc., among others.

    Which region held the largest share of the global canned soups market?

    In 2019, North America contributed to the largest share in the global canned soups market. There has been an increasing instance of obesity as well as health awareness campaigns in the North American countries which has increased the demand for packaged soup having natural and fresh ingredients. Due to the growing demand for packaged soup, the demand for canned soup has also increased, and manufacturers are providing different flavors to the consumers. The increase in the variety of products, increase in the consumption of health-related products, and promotion by the key players in the region has increased the demand for canned soup in North America.

    Shejal Jamdade
    Shejal Jamdade
    Associate Vice President,
    Market Research & Consulting

    With over 12 years of experience in managing custom research projects, Shejal is a seasoned research professional with deep cross-sector expertise spanning Chemicals & Materials, Food & Beverages, Biotechnology, and Consumer Goods. She excels in end-to-end project management, advanced data modelling, and providing strategic support to clients.

    Shejal has successfully led a wide range of high-impact research engagements, consistently guiding clients through complex business challenges and enabling informed decision-making. Her ability to blend analytical rigor with industry knowledge has made her a trusted advisor for clients seeking data-driven strategies and actionable insights. Dedicated to excellence and precision, Shejal continues to play a pivotal role in transforming business objectives into research-driven outcomes.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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    The List of Companies - Canned Soups Market

    1. Campbell Soup Company
    2. Amy’s Kitchen Inc
    3. General Mills Inc.
    4. The Kraft Heinz Company
    5. Baxters Food Group
    6. Unilever
    7. Struik Foods Europe NV
    8. Vanee Foods Company
    9. BCI Foods Inc.
    10. Hain Celestial
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