Market Size of Dried Soup Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.21 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Dried Soup Market Analysis
The global dried soup market is expected to register a CAGR of 3.21% during the forecast period
- Soup is a healthy and natural dish that can be made from a wide variety of ingredients. It also helps soothe and warm the stomach. It hydrates the skin and nourishes the cells in the body because of its high water content. Hence, wIth the changing food habits and rising consumer demand for healthy and convenient food products, the demand for dried soups is expected to increase globally.
- Soup is a part of the majority of cuisines across the world. Consumers prefer instant soup mixes while dining at home instead of cooking or making soup out of fresh ingredients, which usually takes a long time. Hence, consumers tend to purchase these dried soup products as they have a longer shelf life and convenient storage facility.
- Moreover, with increased dried vegetable usage in the products, consumers are opting for these products as healthy alternatives when snacking and during meal consumption. The growth of the food-processing sector and the high demand for ready-to-eat or convenience food products among global consumers have considerably increased in recent years. The busy work lifestyle and the increasing working population is boosting the demand for dried soup globally.
- A rising working population and an increasingly busy lifestyle will likely make emerging economies the future hotspots for dried soup products. Additionally, the market is being driven by convenient packaging options, with manufacturers embracing cup-based and sustainable packaging options that only require adding hot water to make soup. These factors encourage and facilitate the consumers in the market to consume soups on the go.
Dried Soup Industry Segmentation
Dried soup is an instant mix consisting of dried or dehydrated vegetables, meat, grains, and other dehydrated ingredients.
The global dried soup market is segmented by type, packaging, and distribution channel. Based on type, the market is segmented into instant and dehydrated. Based on packaging, the market is segmented into cups, pouches, and canned. Based on distribution channels, the market is segmented into supermarkets/hypermarkets, convenience stores, grocery stores, online retail stores, and others. Based on geography, the study provides an analysis of the dried soup market in emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
For each segment, the market sizing and forecasts have been done based on value (in USD million).
| Type | |
| Instant | |
| Dehydrated |
| Packaging | |
| Cup | |
| Pouch | |
| Canned |
| Distribution Channel | |
| Supermarket/Hypermarket | |
| Convenience Stores | |
| Grocery Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
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Dried Soup Market Size Summary
The dried soup market is experiencing a steady growth trajectory, driven by changing consumer preferences for healthy and convenient food options. As soup is a staple in many global cuisines, the demand for instant soup mixes is rising, particularly due to their longer shelf life and ease of storage. The increasing use of dried vegetables in these products is appealing to health-conscious consumers seeking nutritious snacking and meal alternatives. The busy lifestyles of the working population further bolster the market, as ready-to-eat and convenience foods become essential. Emerging economies are poised to be significant growth areas, supported by innovative packaging solutions that enhance portability and ease of preparation.
Geographically, the dried soup market is segmented into regions such as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa, with Europe holding the largest market share. The European market benefits from a high demand for quick-to-prepare, high-quality meals, although health concerns have recently impacted sales. Despite this, new product launches and strategic marketing efforts are expected to drive growth. The market is highly competitive, with numerous international and regional players focusing on innovation, pricing, and distribution. Key companies are introducing plant-based and vegan products to cater to evolving consumer tastes, with notable launches and expansions in various regions.
Dried Soup Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Instant
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2.1.2 Dehydrated
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2.2 Packaging
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2.2.1 Cup
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2.2.2 Pouch
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2.2.3 Canned
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2.3 Distribution Channel
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2.3.1 Supermarket/Hypermarket
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2.3.2 Convenience Stores
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2.3.3 Grocery Stores
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2.3.4 Online Retail Stores
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2.3.5 Other Distribution Channels
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 United Kingdom
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2.4.2.2 Germany
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2.4.2.3 France
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2.4.2.4 Russia
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2.4.2.5 Italy
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2.4.2.6 Spain
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2.4.2.7 Rest of Europe
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2.4.3 Asia Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East & Africa
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2.4.5.1 South Africa
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2.4.5.2 Saudi Arabia
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2.4.5.3 Rest of MEA
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Dried Soup Market Size FAQs
What is the current Dried Soup Market size?
The Dried Soup Market is projected to register a CAGR of 3.21% during the forecast period (2024-2029)
Who are the key players in Dried Soup Market?
B&G Foods, Inc., Unilever PLC, Premier Foods Group Services Ltd, The Hain Celestial Group, Inc. and Campbell Soup Co are the major companies operating in the Dried Soup Market.
