Asia-Pacific Soup Market Size (2024 - 2029)

The Asia-Pacific soup market is experiencing growth driven by rising disposable incomes and an increasing demand for convenience foods. The market size is influenced by Western culinary trends in countries such as India and a growing awareness of the health benefits of soup in Australia and Japan. Within this market, the instant soup segment is rapidly expanding in India, while the dried soup segment holds a dominant position. Developed markets like Australia and Japan are expected to see stable growth in their soup market size.

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Market Size of Asia-Pacific Soup Industry

Asia Pacific Soup Market Summary
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

Asia-Pacific Soup Market 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 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
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Asia-Pacific Soup Market Size Summary

The Asia-Pacific soup market is experiencing significant growth, driven by rising disposable incomes and an increasing demand for convenience foods. This trend is particularly evident in countries like India, where the instant soup segment is rapidly expanding, and in developed markets such as Australia and Japan, where stable growth is anticipated. The market is benefiting from Western influences and a growing awareness of the health benefits of soup, especially in Australia and Japan. The convenience of soups, which offer quick preparation, travel-friendly options, and a good shelf life, aligns well with the fast-paced lifestyles of middle-to-higher-income consumers in the region.

In China, the soup market is expected to see substantial growth due to the increasing consumption of soup as a convenient and healthy food option. This growth is further supported by the expansion of the ready-to-eat food market. The market is highly fragmented, with numerous international and regional vendors competing for market share. There is a strong demand for exotic and natural flavors, prompting manufacturers to introduce new varieties. Major companies like Bambino, Campbell Soup, ConAgra Foods, Nestlé, Unilever, and Nissin Foods are actively engaging in promotional campaigns to raise awareness of the health benefits of soup, particularly in countries like India.

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Asia-Pacific Soup Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Category

      1. 2.1.1 Vegetarian Soup

      2. 2.1.2 Non-Vegetarian Soup

    2. 2.2 By Type

      1. 2.2.1 Canned/Preserved soup

      2. 2.2.2 Chilled soup

      3. 2.2.3 Dehydrated soup

      4. 2.2.4 Others

    3. 2.3 By Distribution Channel

      1. 2.3.1 Supermarkets/Hypermarkets

      2. 2.3.2 Convenience Stores

      3. 2.3.3 Online Retail

      4. 2.3.4 Others

    4. 2.4 Geography

      1. 2.4.1 Asia Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 Japan

        3. 2.4.1.3 India

        4. 2.4.1.4 Australia

        5. 2.4.1.5 Rest of Asia-Pacific

Asia-Pacific Soup Market Size FAQs

The Asia-Pacific Soup Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)

Bambino, Campbell Soup, ConAgra Foods, Nestlé and Unilever are the major companies operating in the Asia-Pacific Soup Market.

APAC Soup Market Report Snapshots

Asia-Pacific Soup Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)