Canned Soups Market Size & Share, By Type (Vegetable, Creamy, Meat-based, Ethnic and International Soup), Distribution Channel (Hypermarkets, Supermarkets, Convenience Stores, Food Specialty Stores, Online Stores), Category, Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Canned Soups Market surpassed USD 4.92 Billion in 2023 and is poised to exceed USD 7.01 Billion by end of the year 2032, observing around 4.1% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 4.92 Billion
• CAGR (2024-2032): 4.1%
• Forecast Year Value (2032): USD 7.01 Billion
• Historical Data Period: 2019-2023
• Largest Region: North America
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

Increasing demand for convenient and ready-to-eat meals, rising disposable income levels, and continuous product innovation are three key growth drivers for the canned soups market.

Report Scope

Report Coverage	Details
Segments Covered	Type, Category, Distribution Channel
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Amys Kitchen, Campbells Soup Company, Conagra Brands, Hain Celestial Group, Heinz, Kettle Cuisine, Pacific Foods, Panera Bread, Progresso, Swanson, Wolfgang Puck, Zoup

Industry Restraints:

High sodium content in canned soups and growing consumer preference for fresh and natural foods are two major restraints limiting the growth of the market.

Regional Forecast:

Regional Analysis:

North America:

The canned soups market in North America, particularly in the U.S. and Canada, is driven by the convenience factor offered by canned soups. Busy lifestyles and the need for quick and easy meal options have contributed to the growth of the market in this region. Additionally, the wide variety of flavors and options available in the market cater to the diverse preferences of consumers. The increasing focus on health and wellness has also led to the popularity of canned soups that are low in sodium and contain natural ingredients.

Asia Pacific:

In Asia Pacific, countries such as China, Japan, and South Korea have witnessed significant growth in the canned soups market. The market is driven by the increasing urbanization, changing dietary preferences, and the growing awareness about the convenience of canned soups. In China, the market is also influenced by the rising demand for ready-to-eat meals and the increasing disposable income of consumers. In Japan and South Korea, the market is characterized by the availability of a wide range of traditional and innovative flavors that cater to the local tastes.

Europe:

The canned soups market in Europe, particularly in the United Kingdom, Germany, and France, is driven by the busy lifestyles of consumers and the need for convenient meal options. The market in these countries is also influenced by the increasing popularity of soup as a healthy and nutritious meal choice. Consumers are increasingly opting for canned soups that are low in fat, sodium, and preservatives. Additionally, the presence of established players in the market and the focus on product innovation are contributing to the growth of the market in Europe.

Segmentation Analysis:

In terms of segmentation, the global canned soups market is analyzed on the basis of Type, Category, Distribution Channel

Canned Soups Market Size & Share:

Vegetable Soup:

- Market size for vegetable soup within the canned soups category shows a steady increase, driven by the growing consumer preference for healthier options.

- Share of vegetable soup among canned soups is expected to grow further, as more consumers seek out plant-based options for their meals.

Creamy Soup:

- Creamy soup segment in the canned soups market remains popular among consumers seeking indulgent and comforting meal solutions.

- Market share for creamy soup is expected to remain stable, as it continues to appeal to a wide range of consumers.

Meat-based Soup:

- Meat-based soup segment in the canned soups market caters to consumers looking for hearty and filling meal options.

- Market size for meat-based soup is projected to see marginal growth, as it maintains its position as a staple in the canned soups category.

Ethnic and International Soup:

- Ethnic and international soup segment in the canned soups market offers a diverse range of flavors and ingredients from around the world.

- Share of ethnic and international soup is expected to increase, as consumers become more adventurous in their food choices and seek out authentic global flavors.

Distribution Channel:

- Hypermarkets and supermarkets are the key distribution channels for canned soups, offering a wide range of options to consumers in a convenient shopping environment.

- Convenience stores and food specialty stores also play a role in the distribution of canned soups, providing easy access to these products for on-the-go consumers.

- Online stores have seen a surge in popularity for canned soups, as more consumers opt for the convenience of shopping from home and having products delivered to their doorstep.

Competitive Landscape:

The Canned Soups Market is highly competitive, with key players constantly striving to innovate and expand their product offerings. These companies are focused on strategic partnerships, product launches, and mergers to gain a competitive edge in the market. Some of the top players in the Canned Soups Market include:

- Campbell Soup Company

- Conagra Brands Inc.

- General Mills Inc.

- The Kraft Heinz Company

- Progresso

- Amys Kitchen

- Hain Celestial Group

- Baxters Food Group

- Pacific Foods

- Crown Pacific Fine Foods