Organic Soups Market - Forecast(2023 - 2028)

Organic Soups Market Overview

The Organic Soups Market size is estimated to reach $3.38 billion by 2027. Furthermore, it is poised to grow at a CAGR of 5.8% over the forecast period of 2022-2027. Soups are classified as a hot liquid that serves as a whole food and is highly nutritious with various health benefits. Organic soups are high in demand across the world as the different ingredients used to prepare them are organic certified and also restrict the usage of chemicals, such as pesticides and fertilizers in farming. Organic soups, such as tomato soups, chicken soups, beef soups, beans soups, artichoke soups, mixed vegetable soups, and others are increasingly being adopted across the world. Technological advancements in the food and packaging industry and the growing variety of canning methodologies are propelling the demand for canned soups. The rise in the adoption of ready-to-drink products among the young population and the growing demand for wheat flour soups and condensed soups are contributing to the growth of the Organic Soups Market. The robust focus on developing various ready-to-drink organic soups with innovative flavors are some of the factors driving the Organic Soups Industry forward in the projected period of 2022-2027.

Organic Soups Market Report Coverage

The report: “Organic Soups Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Organic Soups Market.

By Ingredient Type- Tomato Soups, Chicken Soups, Beef Soups, Beans Soups, Artichoke Soups, Mixed Vegetable Soups, and Others.
By Product Type- Soup Pre-Mixes, Condensed Wet Soups, Ready-to-Serve Wet Soups, and Others.
By Distribution Channel- Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

• Geographically, North America held a dominant market share in the year 2021. It is owing to the consumption patterns of consumers in the region. Moreover, the increasing demand for tomato soups and flour soups is further propelling the demand for Organic Soups. Additionally, North America is expected to offer lucrative growth opportunities to marketers owing to the growing research and development activities to develop Organic Soups.
• The robust growth in the distribution channel, such as supermarkets/hypermarkets, online channels, convenience stores, and others is driving the Organic Soups Market. However, the rise in side effects owing to the high consumption of corn starch in soups is one of the major factors impeding the Organic Soups market growth.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Organic Soups Market Report. 

Organic Soups Market- Geography (%) for 2021

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Organic Soups Market Segmentation Analysis- By Product Type

The Organic Soups market based on the Product Type can be further segmented into Soup Pre-Mixes, Condensed Wet Soups, Ready to Serve Wet Soups, and Others. Soup Pre-Mixes held a dominant market share in the year 2021. The rise in the demand for Soup Pre-Mixes in emerging countries, such as China and India, and the growing adoption of Beans Soups and flour soups. The soup premixes contain meat, seasoning powders, diced vegetables, and herbs and are mixed to give out a rich taste to soups.

However, the Ready to Serve Wet Soups segment is estimated to be the fastest-growing, with a CAGR of 6.3% over the forecast period of 2022-2027. It is owing to the factors such as the growing demand for ready-to-drinks and the increase in the consumer inclination towards Non-vegetarian based ready-to-eat wet soups.

Organic Soups Market Segmentation Analysis- By Distribution Channel

The Organic Soups market based on the Distribution Channel can be further segmented into Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others. The Supermarkets/Hypermarkets segment held a dominant market share in the year 2021. The increasing demand for beans soups and condensed soups is propelling the growth of the market. The rise in the availability of various organic soups based on the needs of the consumers in supermarkets and hypermarkets is further driving the growth of the Organic Soups Market.

However, the Online Channels segment is estimated to be the fastest-growing, with a CAGR of 6.5% over the forecast period of 2022-2027. It is owing to the growing adoption of organic soups on online channels in developing countries and the advancements in technology. Consumers are increasingly buying canned soups owing to the rise in disposable income levels, the right packaging, better availability, consistent quality, and adequate product communication.

Organic Soups Market Segmentation Analysis- By Geography

The Organic Soups market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 34% in the year 2021 as compared to its other counterparts. It is owing to the changes in the consumption patterns of consumers, such as the rising demand for Ready-to-Drink products. The factors, such as the rise in awareness about the health benefits of condensed soups and the growing investment by the key players to develop canned soups and flour soups are further propelling the growth of the Organic Soups Market.

Organic Soups Market Drivers

The Growing Adoption of Organic Soups in Emerging Countries has readily aided the market growth.

Around 500 million bowls of soup are consumed every day in China and 320 billion bowls of soup are consumed every year. The average person consumes 4.5 bowls of soup per week in the country as the soup has traditionally been a core element in the country’s cuisine. The key players in the country are focusing on developing organic soups, such as tomato soup and beans soup with innovative flavors owing to the growing demand for convenient drinks, which is further propelling the growth of the Organic Soups Market.

The Rise in the Demand for Ready-to-Drink Soups has enhanced the growth of the Organic Soups Market. 

According to the Institute of Food Technologists report in 2019, 57% percent of adults bought ready-to-eat prepared foods in the United States. Consumers in the country increasingly consume foods from away-from-home sources including cafeterias, fast food, and restaurant. This rise in the demand for ready-to-eat prepared foods is further propelling the demand for ready-to-drink soups, which in turn is driving the growth of the Organic Soups Market.

Organic Soups Market Challenges

The Rise in the Side Effects owing to the High Consumption of Corn Starch in Soups is impeding the market growth.

According to a recent study conducted for 2,941 people in 2020 by the American Heart Association, it was found that soups with a high glycemic index were associated with increased insulin and triglyceride levels, along with lower levels of HDL, which are risk factors for heart disease. This high consumption of corn starch also results in high blood sugar levels and can lead to negative health impacts that are being recognized by diet-conscious consumers, which is one of the major factors that is estimated to reduce the growth of the Organic Soups Market.

Organic Soups Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Organic Soups Market. The top 10- Organic Soups Market companies are-

1. Campbell Soup Co.
2. Conagra Brands, Inc
3. Bear Creek Country Kitchens LLC
4. Associated British Foods PLC
5. Nestle
6. Premier Foods
7. The Kraft Heinz Company
8. The Kroger Co.
9. General Mills Inc.
10. AMY's Kitchen Inc

Recent Developments

Relevant Titles

Soup Market - Forecast (2022 - 2027)
Report Code- FBR 0345

U.S. Soup Market - Forecast (2022 - 2027)
Report Code- FBR 0347

Europe Soup Market - Forecast (2022 - 2027)
Report Code- FBR 0409

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