The Global Chilled Soup Market size is projected to reach USD 9.6 billion by 2028, at a CAGR of 7%. The growth of this market can be attributed to the rising demand for convenience food and ready-to-eat foods owing to changing lifestyles and time constraints among consumers. These factors are expected to drive the demand in grocery stores as well as online retail channels over the forecast period. A major factor driving this growth is that people now prefer eating fresh food rather than processed ones, which makes them opt for nutritious products like these instead of canned goods. In addition, most consumers avoid heavily sweetened foods because it can lead to obesity and increased blood pressure levels; thus making chilled soups more popular in terms of health benefits due to their low sugar content.
Chilled Soup is a savory, chilled food item that often includes broth and vegetables. Chilled soups are served cold or at room temperature. These foods may be packaged as pouches, cartons, cups/tubs, or PET bottles with the contents made of vegetable-based liquids combined with water or broth containing meat stock such as beef consomme and chicken consommé.
On the basis of Type, the market is segmented into Pet Bottles, Carton Packaging, Cups/Tubs, and Pouches. PET Bottles accounted for the largest share of this market in 2018 owing to their convenience features such as easy storage (no need for refrigeration), re-sealable lids which prevent spillage during transportation or usage, and durability making them an ideal choice when traveling by air.
Pet bottles are large, cylindrical plastic or glass bottle in which chilled soup is sold. Companies like Nestle and Heinz use this type of packaging for their soups. The advantage to using pet bottles over other types of packaging such as cups or tubs with lids is that they can be resealed after opening so the product lasts longer on store shelves without drying out.
Carton packaging is a perfect solution for transporting and storing food items that are not in liquid form. Carton containers offer an excellent combination of durability, convenience, safety, and sustainability. They have been designed to use minimal material while providing maximum protection against outside elements such as pests, moisture, or other contaminants. The cartons are manufactured from quality-controlled paperboard that enables them to be reused up to five times before they need recycling. Customers can buy soup with the ease of picking it off the shelf without having to go through the tedious process of opening up packets or unscrewing lids every time they want some flavor on their plate.
Cups/Tubs are the most popular type of chilled soup packaging among supermarkets. Cups have a variety of benefits, such as being easier to handle and offering more protection for delicate tastes than other types of packaging. Tubs are typically used in on-premise cafeterias or at self-serve stations where options can be offered with ease by using cups or tubs instead of similar-looking plastic containers.
Pouches (or sachet) are a type of packaging where the product enclosed in a sealed bag. They are popular for products such as coffee, tea, and powdered milk. Pouches are often associated with fruit juice and smoothies, but in recent years chilled soup is becoming more popular. As opposed to cartons or PET bottles, pouches typically only have one serving size per pouch; these single-serving sachets can be easily resealed for later use. Pouch packaging also has the advantage of being easier to carry around than a bulky jug of soup that requires refrigeration.
On the basis of Application, the market is segmented into Supermarket/Hypermarkets, Premium Grocery Stores & Online Retailers followed by Direct Selling On account of this feature consumers are more likely to buy chilled soup from grocery stores because they have a wide range of food products available at lower prices with no minimum order quantity restrictions unlike online retail channels where they might provide high-quality products but at higher prices with minimum order quantity restrictions.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2018, Europe accounted for the largest share of this market owing to its large population base and varied culture. This region is followed by North America in terms of revenue contribution due to a vast consumer base in countries such as the US & Canada which are highly aware of health food trends Asia Pacific is expected to grow at the highest CAGR during 2022-2028 on account of factors such as rising disposable incomes, increasing awareness levels among consumers and active lifestyle patterns leading towards the adoption of healthy eating habits. The Middle East & Africa region will also show an immense growth potential because it has been experiencing rapid economic development over recent years coupled with changing lifestyles that have led people to adopt healthy options.
Up Market Research published a new report titled “Chilled Soup Market research report which is segmented by Types (Pet Bottles, Carton Packaging, Cups/Tubs, Pouches), By Applications (Supermarket/Hypermarket, Premium Grocery Stores, Online Retail, Direct Selling), By Players/Companies The Billington, The Hain Daniels, Soupologie, Sonoma Brands, Tio Gazpacho, Campbell Soup, Woolworths, PepsiCo”.
|Report Attributes||Report Details|
|Report Title||Chilled Soup Market Research Report|
|By Type||Pet Bottles, Carton Packaging, Cups/Tubs, Pouches|
|By Application||Supermarket/Hypermarket, Premium Grocery Stores, Online Retail, Direct Selling|
|By Companies||The Billington, The Hain Daniels, Soupologie, Sonoma Brands, Tio Gazpacho, Campbell Soup, Woolworths, PepsiCo|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||235|
|Number of Tables & Figures||165|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Pet Bottles, Carton Packaging, Cups/Tubs, Pouches and By Application Supermarket/Hypermarket, Premium Grocery Stores, Online Retail, Direct Selling.
Some of the companies that are profiled in this report are:
Chilled Soup Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Chilled Soup Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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