Dried Soup Market

Dried Soup Market: Consumption of Dehydrated Dried Soups to Remain Relatively Higher: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2022)

Dried soup continues to gain more impetus in the F&B sector owing to its increasing popularity among consumers across the globe. It is safe, easy to make, portable and above all, suites the requirements of a modern consumer. In recent years, there has been a significant increase in the global consumption of various convenience food items including dried soup. Moreover, introduction of soups that are gluten free and contain more nutritional value is expected to reflect favourable on the sales of dried soup over the next couple of years. As per the recent study conducted by Future Market Insights (FMI), the global dried soup market is set to surpass a valuation of US$ 2,000 Mn by the end of 2022.  The study has also identified a number of additional factors that are likely to influence the growth of the market during the forecast period (2017-2022).

Dehydrated Dried Soups Will Continue to Outsell Instant Dried Soup

Demand for dehydrated dried soups is significantly higher than instant dried soup. Sales of dehydrated dried soups currently account for more than three-forth revenue share of the global dried soup market. Dehydrated dried soups are available in a wide-range of flavour, vegetables, grains, dehydrated meat and legumes. Moreover, convenience of quick and easy preparation afforded by dehydrated dried soups remains highly appealing for a large number of consumers. In many of the European countries, consumption of dehydrated dried soup has been substantially high. By the end of 2017, over US$ 500 Mn worth dehydrated dried soup is expected to be consumed in Europe. Meanwhile, consumption of instant dried soup is likely to remain sluggish throughout the assessment period. 

dried soup mrket

High Preference for Dried Soup Packed in Pouch  

Dried soups packed in pouch are receiving an overwhelming response from consumers. Manufacturers are using attractive and innovating pouch based packaging designs that are extremely convenient and efficient.  The pouches that are currently used in packaging of dried soup help in extending the shelf life of the product and substantially reduce the risk contamination. In addition, these pouches are quite attractive and hence quickly gain the attention of customers.  Increasing focus on use of lightweight material to manufacture pouch based packaging solution that are eco-friendly or biodegradable is also making a positive impact on their adoption in packaging of various food products including dried soup. Further, such packaging facilitates easy shipping and reduces the overall cost of transportation logistics. In terms of revenue, global sales of dried soup packed in pouches are projected to make the highest contribution to the growth of the market during the forecast period. 

HORECA Largest Sales Channel for Dried Soup    

HORECA, which is the code used for referring to the hotel and catering industry in Europe is the largest sales channel for dried soup. HORECA covers bars, hotels, restaurants and other various types of eateries. Towards the end of 2022, more than US$ 884 Mn worth dried soup is expected to be sold through HORECA. It currently commands for around 40% revenue share of the global dried soup market. Modern trade is expected to remain the second largest sales channel for dried soup over 2022. 

Europeans Account for Highest Consumption of Dried Soup in the World 

The market for dried soup in Europe is expected to maintain its leading position in 2017 and beyond. This is primarily owing the high consumption of dried soup across the regions. Moreover, a majority of restaurants, hotels and eateries in Europe include dried soup in their menu, which has apparently led to a greater penetration. Between 2017 and 2022, the market in the region is projected to surge at a steady pace.

Dried Soup Market- Key Players

Some of the top market players profiled in FMI’s report include Campbell Soup Co., General Mills, Inc., Associated British Foods, Nestlé S.A., The Kraft Heinz Company, B&G Foods, Inc., Baxter’s Food Group, Greencore Group Plc., Nissin Foods Holdings Co. Ltd., and Unilever Plc.

Increasing popularity of convenience food is directly influencing the global sales of dried soup. Moreover, new product launches by brands are drawing more consumers towards easy-to-prepare food items such as dried soup. On the other hand, presence of unhealthy ingredients such as preservatives and artificial flavours frequently put convenience food items such as dried soup under major scrutiny. Therefore, the focus has shifted towards development and introduction of dried soup prepared by organic ingredients. At the same time, higher emphasis on the innovative packaging is expected to play a crucial role in luring consumers.

Future Market Insights (FMI) in its recently published report, titled “Dried Soup Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022)” has provided a comprehensive analysis of the global market for dried soup. The report also contains historical data of the market for the past four years, which is carefully equated with market projection between 2017 and 2022. Such vital evaluations will enable the reader to gain access to information regarding present and future prospects of growth of global market for dried soup market.

Report Structure

The report begins with an executive summary, which briefly highlights the key findings of the research, offering all-inclusive overview of the dried soup market. In this section of the report, the reader will also come across information regarding the current scenario of the market, along with vital and significant market figures, which comprise of performance of the market in the recent past and forecast CAGR and Year-over-Year growth during 2017 to 2022.  The executive summary also covers information regarding key geographies on the basis of the market size, revenue share and growth potentials. The also report dedicates a section that thoroughly introduces the market, with a brief definition of the product – dried soup. Next, the report provides exhaustive analysis of the key trends, and growth opportunities for market players. In addition, the reader with also gain an understanding of the macroeconomic factors influencing the growth of the market. In subsequent section, the report provides in-depth analysis of the product life cycle, cost structure, supply chain, and pricing of the product. Also, the report has included an intensity map that talks about the presence of market players in the specific geographies incorporated in the report.

Market Taxonomy

The report has also evaluates the global market for dried soup on the basis of specific segments. The Segment-wise analysis of global market for dried soup reveals information of key product type, packaging, sales channel and region. This section of the report covers relatable market data based on Y-o-Y growth, market share and revenue. On the basis of regions, the market has been segmented into Japan, the Middle East & Africa (MEA), North America, Asia-Pacific excluding Japan (APEJ), Latin America and Europe. By gauging the potential of dried soup market across these regions, the report identifies opportunities & prospects that market players can capitalize on during the forecast period.

Product

Packaging

Sales Channel

  • Dehydrated Dried Soups

  • Pouches

  • HORECA

  • Instant Dried Soups

  • Cups

  • Modern Trade

 

  • Boxes

  • Convenience Stores

 

 

  • Online Stores

 

 

  • Others 

Competition Landscape

The last section of the report contains fact and stats associated with the competition dashboard of the market, offering details about top companies functioning the global market for dried soup. The reader will also gain information on the key developments and strategies of the market participants, key financials, product over and company overview.

Research Methodology

Future Market Insights’ analysts leveraged credible and innovative research methodologies that are tried and tested in order to comprehend the overall market value and size. The information in the report has been sourced from reliable primary and secondary data concerning the global dried soup market.