Market Size of Europe Soup Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Soup Market Analysis
Europe's soup market is projected to register a CAGR of 3.1% over the forecast period.
- During the forecast period, increasing product varieties, increased demand for wellness products, and active promotions by the market players are some of the key drivers contributing to the growth of the soup market. The most common benefit of having soups is that they keep the body warm with nourishing benefits as they have many nutritional ingredients.
- The high market dominance of the key players is due to their high expenditure on promotional and other marketing activities. Companies also gain a competitive advantage with an increased focus on brand recognition strategies and improving product taste and quality.
- Instant soup is one of the fastest-growing segments of the Europe soup market in the forecasted period due to busier lifestyles and the ease of preparation that instant soups entail.
- The European instant soup market has great potential to grow because of increased product offerings and the onset of convenient packaging options such as canned soup, natural and tasty soup, quick soup, pouched soup, and others.
Europe Soup Industry Segmentation
Soup is a liquid food, which is served warm or hot and is prepared using ingredients such as meat and vegetables with stock, juice, water, or another liquid.
The Europe soup market is segmented by category, product type, packaging, distribution channel, and geography. Based on the category, the market is segmented into vegetarian and non-vegetarian soups. Based on the product type, the market is segmented into canned/preserved, chilled, dehydrated, frozen, instant, and UHT. Based on the packaging, the market is segmented into canned, pouched, and other packaging. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online, and other distribution channels. Based on geography, the market is segmented into Germany, the United Kingdom, France, Spain, Russia, Italy, and the Rest of Europe.
For each segment, the market sizing and forecasts have been done based on value (in USD Million).
| Category | |
| Vegetarian Soup | |
| Non-Vegetarian Soup |
| Type | |
| Canned/Preserved soup | |
| Chilled soup | |
| Dehydrated soup | |
| Fgrozen soup | |
| Instant soup | |
| UHT soup |
| Packaging | |
| Canned | |
| Pouched | |
| Other Packagings |
| Distribution channel | |
| Supermarket/Hypermarket | |
| Convenience Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
| Geography | |
| Germany | |
| United Kingdom | |
| France | |
| Spain | |
| Russia | |
| Italy | |
| Rest of Europe |
Europe Soup Market Size Summary
The European soup market is experiencing a steady growth trajectory, driven by a combination of factors including an increasing variety of products, a rising demand for wellness-oriented foods, and proactive marketing efforts by key industry players. The market is characterized by the dominance of major companies that invest significantly in promotional activities and brand recognition strategies, which enhance their competitive edge. Instant soup has emerged as one of the fastest-growing segments, attributed to the convenience it offers in today's fast-paced lifestyles. The market is further bolstered by innovative packaging solutions, such as canned and pouched soups, which cater to the demand for easy-to-prepare and portable meal options.
The health benefits associated with soups, such as improved digestion and enhanced immunity, continue to drive consumer interest and sales. Soups are often rich in nutrient-dense ingredients, making them a popular choice for those seeking nutritious and easy-to-digest meals. The market is also witnessing a trend towards frozen soups, which offer long shelf life and convenience. The presence of global and regional players, such as Unilever, Campbell Soup Company, and The Kraft Heinz Company, contributes to the market's consolidation, with these companies focusing on strategic initiatives like mergers, acquisitions, and new product developments to strengthen their market position.
Europe 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 Category
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2.1.1 Vegetarian Soup
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2.1.2 Non-Vegetarian Soup
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2.2 Type
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2.2.1 Canned/Preserved soup
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2.2.2 Chilled soup
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2.2.3 Dehydrated soup
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2.2.4 Fgrozen soup
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2.2.5 Instant soup
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2.2.6 UHT soup
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2.3 Packaging
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2.3.1 Canned
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2.3.2 Pouched
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2.3.3 Other Packagings
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2.4 Distribution channel
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2.4.1 Supermarket/Hypermarket
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2.4.2 Convenience Stores
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2.4.3 Online Retail Stores
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2.4.4 Other Distribution Channels
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2.5 Geography
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2.5.1 Germany
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2.5.2 United Kingdom
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2.5.3 France
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2.5.4 Spain
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2.5.5 Russia
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2.5.6 Italy
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2.5.7 Rest of Europe
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Europe Soup Market Size FAQs
What is the current Europe Soup Market size?
The Europe Soup Market is projected to register a CAGR of 3.10% during the forecast period (2024-2029)
Who are the key players in Europe Soup Market?
Unilever plc, W.A. Baxter & Sons Holdings Ltd. , Campbell Soup Company, The Kraft Heinz Company and The Hain Celestial Group, Inc. are the major companies operating in the Europe Soup Market.
