Canned Soup Market Analysis: Overview
A liquid food product called soup is carefully cooked to preserve the nutrients of the components. It is cooked using a mixture of vegetables, meat, fish, lentils, broth, milk, and other bases and is served warm. Soup is a low-calorie, low-fat food that is a good source of several nutrients, including fibre, vitamins, and minerals. It improves digestion, bone health, cardiovascular health, and digestion. In addition, it eases the symptoms of osteoarthritis, the common cold, and the flu. It also encourages weight loss. All age groups consume soup as a snack or quick meal, and it is typically stored and packaged in cans, bottles, and pouches. In addition, chilled, preserved, dehydrated, frozen, and ultra-high temperature (UHT) versions are offered.
Due to its many health and nutritional advantages, as well as its lengthy shelf life, canned soup is becoming more and more popular. It is made with fresh vegetables, bones, and meat. Additionally, customers like canned soup products over alternative protein sources because they contain a lot of protein and have good macro- and micronutrient ratios. Furthermore, people prefer packaged soups to those served in restaurants and other food establishments because they are simpler to get and have longer-lasting packaging. Consuming canned soups reduces calorie intake while increasing the amount of protein in the diet.
The demand for healthier food products that are quick to prepare and store while yet offering consumers excellent nutritional value is being driven by people’s busy lifestyles. The industry for convenience foods is also growing as a result of consumers’ increased spending on processed foods, particularly millennials. The study found that consumers spend more than 30% of their monthly income on ready-to-eat or portable snack items. Furthermore, the demand for convenience foods, particularly canned soups, has increased as a result of sales through online distribution channels.
With rising prevalence of obesity in the U.S., and increasing health awareness campaigns has surged the demand for boxed soups with natural, fresh ingredients and minimal preservatives. Due to the increased popularity of packaged soup, the canned soup market in the United States will expand. This enables manufacturers to increase the variety of their products by adding more flavour and taste alternatives as well as health claims. Because it is well-established and has a thriving manufacturing sector, the United States is a potential market for foreign soup producers. As a result, major players are looking to expand their businesses using a variety of packaging methods, including canned soup, in the U.S. Industry growth would be further aided by increased product diversity and vigorous marketing by market participants.
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Global Canned Soup Market: Major Players
Nestle
Campbell Soup
House Foods Group
General Mills
Kraft Heinz
Baxters Food Group
Kroger
NK Hurst Company
Premier Foods
Unilever
Nissin Foods
Global Canned Soup Market: By Types
Condensed
Ready-to-eat
Global Canned Soup Market: By Applications
Super Markets/Hyper Markets
Convenience Stores
Food Specialty Stores
Online Retailers
Others
Market Trends:
One of the main factors fueling the market’s expansion is the rising demand for convenience food products around the world. There is a shifting consumer inclination toward ready-to-eat (RTE) and healthful snacks as a result of busy schedules and demanding lifestyles. Additionally, the market growth is being boosted by the widespread use of packaged soup in the food and beverage sector. Due to their improved ease of preparation, high nutritional value, and longer shelf life, packaged soups are widely used in cafes, food outlets, and restaurants. Additionally, a number of product innovations, like the creation of organic soup variations, are helping the market expand.
To satisfy the demands of consumers who are health-conscious, organic soups are produced using natural ingredients and do not include additional preservatives. The market is expected to grow as a result of a number of other factors, such as the rising adoption of vegan and vegetarian dietary practises and the rising demand for soups with pure ingredients in reusable and sustainable packaging options.
