APAC Soup Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Soup Market Analysis
Asia-Pacific Soup Market is projected to grow at a CAGR of 6.1% during the forecast period, 2020 - 2025.
- The rising disposable income coupled with an increase in demand for convenience foods drives the growth of this market. Western influence on countries like India and the increasing awareness of the health benefits of soup in countries like Australia and Japan support the market
- The instant soup segment is the fastest growing in India and the dried soup segment dominates the market. Stable growth is expected in developed markets of Australia and Japan.
APAC Soup Market Trends
This section covers the major market trends shaping the APAC Soup Market according to our research experts:
Increasing Demand for Convenience Foods
With the changing lifestyles, the demand for convenience foods is expected to increase at a faster rate during the forecast period, compared to the past five years in the region. There is a growing demand for convenience products, particularly among middle-to-higher-income consumers, who are in a position to pay more. The convenience of soups, which are healthier and tastier food alternatives, support the fast-paced lifestyle of these consumers. Factors, such as high availability, lesser cooking time, travel friendly, and good shelf life is added advantages in the soup market.
China Dominates the Soup Market in the Region
There is an increased consumption of soup in the region, as the soup is perceived to be both convenient and healthy. Hence, the soup market in China is expected to benefit from this trend during the forecast period. The growth of the soup market in China is expected to be further supported by an expansion of the ready-to-eat food market during the forecast period. Manufacturers employ various methods to increase their shares in the Chinese soup market. Some of these methods include distributing innovative products, enhancing their presence in new markets or regions, strengthening the base in the already existing markets, etc.
APAC Soup Industry Overview
The market for soups in Asia-Pacific is highly fragmented with a large number of international and regional vendors. The demand for exotic and natural flavors is very high in Asian countries and manufacturers are introducing new flavors. Also, in countries like India, the major companies are launching promotional campaigns to increase the awareness of the health benefits of soup. Some of the major players in the market include Bambino, Campbell Soup, ConAgra Foods, Nestlé, Unilever, Nissin Foods, among others.
APAC Soup Market Leaders
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Bambino
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Campbell Soup
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ConAgra Foods
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Nestlé
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Unilever
*Disclaimer: Major Players sorted in no particular order
APAC Soup Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Force Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Category
- 5.1.1 Vegetarian Soup
- 5.1.2 Non-Vegetarian Soup
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5.2 By Type
- 5.2.1 Canned/Preserved soup
- 5.2.2 Chilled soup
- 5.2.3 Dehydrated soup
- 5.2.4 Others
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5.3 By Distribution Channel
- 5.3.1 Supermarkets/Hypermarkets
- 5.3.2 Convenience Stores
- 5.3.3 Online Retail
- 5.3.4 Others
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5.4 Geography
- 5.4.1 Asia Pacific
- 5.4.1.1 China
- 5.4.1.2 Japan
- 5.4.1.3 India
- 5.4.1.4 Australia
- 5.4.1.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Position Analysis
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6.4 Company Profiles
- 6.4.1 Bambino
- 6.4.2 Campbell Soup
- 6.4.3 ConAgra Foods
- 6.4.4 General Mills, Inc
- 6.4.5 Nestlé S.A.
- 6.4.6 Unilever
- 6.4.7 Nissin Foods
- 6.4.8 Kraft Heinz
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAPAC Soup Industry Segmentation
Asia-Pacific Soup Market is segmented by category, type, packaging, distribution channel, and geography. On the basis of category, the market is segmented into the vegetarian soup and non-vegetarian soup. On the basis of type, the market is segmented into canned/preserved soup, chilled soup, dehydrated soup, others. On the basis of the distribution channels, the market is segmented into supermarkets/hypermarkets, convenience stores, online retail, others. Also, the study provides an analysis of the soup market in the emerging and established markets across the region, including China, Australia, India, Japan, and the rest of the Asia-pacific.
| By Category | Vegetarian Soup | |
| Non-Vegetarian Soup | ||
| By Type | Canned/Preserved soup | |
| Chilled soup | ||
| Dehydrated soup | ||
| Others | ||
| By Distribution Channel | Supermarkets/Hypermarkets | |
| Convenience Stores | ||
| Online Retail | ||
| Others | ||
| Geography | Asia Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific |
APAC Soup Market Research FAQs
What is the current Asia-Pacific Soup Market size?
The Asia-Pacific Soup Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Soup Market?
Bambino, Campbell Soup, ConAgra Foods, Nestlé and Unilever are the major companies operating in the Asia-Pacific Soup Market.
What years does this Asia-Pacific Soup Market cover?
The report covers the Asia-Pacific Soup Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Soup Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Soup Industry Report
Statistics for the 2024 APAC Soup market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Soup analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
