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. It is also defined as a liquid food made by boiling or simmering meat, fish, or vegetables with various added ingredients. Traditionally, soups are classified into two groups such as clear soups and thick soups. A significant variety of canned and dried soups are available for sale today in the market varying in taste, flavor, essence, ingredients, health benefits, and others.
Soup is considered as a healthy way to start a meal as it is high in vegetables, filling, and low in energy density. The development of nutritious complementary soups are driving the growth of the soup market across the European region.
European Soup Market Outlook
The market of soup across the European region is studied through the major segments such as by type, by distribution, and by country. The growing trend of people living alone, less time available to cook, and a busy lifestyle have determined the changes in food preparation and in the consumption patterns of people to a large extent. This in turn favors the need of ready-to-cook food, such as soups.
The European Soup market was valued at $5,244.91m for the year 2015 and is forecast to reach $6,824.75m by 2022, exhibiting a CAGR of 4.0%.
European Soup Market Growth Drivers
The growth in busy lifestyle of people has paved the way to an increase in lightweight and ready-to-eat food items, such as soups. Growing sophistication of the markets with regards to the demand of value-added products, such as functional soups with health-promoted characteristics in addition to natural, safe, nutritious, and home-made appearance has boosted the European Soup market. The growing trend of lightweight bio-degradable pouch packaging for soup is also aiding the market growth. The U.K.-based company, Aegg, which is into packaging has developed a new range of fresh soup and pasta sauce pots, which features a built-in pouring spout and a tear back lid.
The rise in oorganic soups have started to gain prominence only from the last few years and the urban affluent population has started to show preference for the same in light of the rising health concerns.
European Soup Market Research Scope
The base year of the study is 2017, with forecast done up to 2022. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of European Soup market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
European Soup Market Report: Industry Coverage
By Type: Dehydrated, frozen soup, instant soup, chilled soup, canned soup, and U.H.T soup
By Distribution Channel: Retailers, direct soup, and online
By Country: The U.K., Germany, France, Spain, Italy, and Russia
European Soup Market Key Players Perspective
Some of the major players in the market include Campbell Soup Company, headquartered in the U.S., HJ Heinz headquartered in the U.S., Nestle SA headquartered in Switzerland, Hain Daniels headquartered in the U.S., Arla Foods headquartered in Denmark, Zerbinati headquartered in Europe, General Mills Inc. headquartered in the U.S., Con Agra Foods Inc. headquartered in the U.S., Gallina Blanca Inc., headquartered in Spain, and Unilever headquartered in the U.K.
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