Shelf-Stable Soup Market Outlook from 2023 to 2033
The global Shelf-Stable Soup market is expected to reach a market valuation of US$ 12.0 billion by 2023, recording a CAGR of 3.3% from 2023 to 2033.
A tasty, healthy dinner option that adheres to all of the latest health trends is shelf-stable soup. Those looking for affordable and practical healthy eating options may consider this soup. In comparison to other soup variations like frozen or chilled soups, shelf-stable soup has various benefits. For instance, soup that is shelf-stable can be kept in storage far longer than conventional soup. Because they are more convenient, consumers prefer meals with longer shelf lives, and this particular factor will support the expansion of the market for shelf-stable soup.
Shelf-Stable Soup Market Size (2023E)
US$ 12.0 billion
Shelf-Stable Soup Market Projected Size (2033F)
US$ 16.7 billion
Value CAGR (2023 to 2033)
3.3%
Top 3 Countries Marketing Share
69.6%
Soup that can be stored is comforting, affordable, healthy, and practical. Soups that are shelf-stable can be safely served at room temperature in a vacuum-packed container. The soup is packaged and preserved using a variety of techniques to increase its shelf life. Shelf-stable soups are perfect food items for convenience stores, gas stations, and office kitchens because they can be rapidly reheated in the microwave and eaten right away.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Shelf-Stable Soup.
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How Has the Market Progressed So Far in 2022?
Market Statistics
Details
Jan–Jun (H1), 2021 (A)
3.2%
Jul–Dec (H2), 2021 (A)
3.4%
Jan–Jun (H1),2022 Projected (P)
3.6%
Jan–Jun (H1),2022 Outlook (O)
3.2%
Jul–Dec (H2), 2022 Projected (P)
3.5%
Jul–Dec (H2), 2022 Outlook (O)
3.5%
Jan–Jun (H1), 2023 Projected (P)
3.3%
Historic v/s Future Outlook Comparison for Shelf-Stable Soup?
There has been an increase in demand for shelf-stable soups that are more tasty and healthier in recent years. Customers are increasingly seeking out soups that are created with natural ingredients, have a range of fascinating flavors, and are low in salt. In response to this desire, numerous businesses have launched new product lines that take these preferences into account.
Shelf-stable soup will probably continue to develop and adjust to shifting consumer tastes. There will probably still be a focus on natural, healthier products as well as fresh, creative flavors. Also, as customers grow more conscious of the effects of packaging on the environment, there might be a greater focus on environmentally friendly and sustainable packaging.
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Health Benefits Offered
Soup that can be stored is comforting, affordable, healthy, and practical. Soups that are shelf-stable can be safely served at room temperature in a vacuum-packed container. The soup is packaged and preserved using a variety of techniques to increase its shelf life. Shelf-stable soups are perfect food items for convenience stores, gas stations, and office kitchens because they can be rapidly reheated in the microwave and eaten right away.
While consumers and suppliers of food services and goods have gotten acclimated to these soups' flavors, the shelf-stable soup market is expanding quickly. To increase sales of shelf-stable soup, producers must meet convenience, health, and flavor trends.
Comparative View of Associated Market
Plant-Based Foods Market:
Attributes
Plant-Based Foods Market
CAGR (2023 to 2033)
12.2%
Market Value (2023)
US$ 11.3 billion
Growth Factor
Foods that are "plant-based" are made from plants or parts of plants, such as nuts, seeds, herbs, legumes, nuts, etc. Due to their advantages for the environment and human health, these food products are becoming increasingly popular all over the world.
Key Trend
The need for dairy and meat alternatives as well as the expanding trends of veganism and flexitarianism are major factors fueling the global market for plant-based foods.
Pulses Market:
Attributes
Pulses Market
CAGR (2023 to 2033)
4%
Market Value (2023)
US$ 62 billion
Growth Factor
Pulses are recognized as a superfood because of their high levels of dietary fiber, vitamins, minerals, phytochemicals, and complex carbohydrates.
Key Trend
The increase in vegans is a significant driver in the expansion of the pulses market since pulses are seen as a vegetarian alternative to animal-based protein.
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Country-wise Insights
How the Sales of Shelf-Stable Soup Market Shaping in North America?
The shifting consumer tastes toward more convenient and healthy food options is one of the key determinants. With healthier and organic varieties being readily available, shelf-stable soup provides a quick and easy supper option for people with hectic schedules. The market for shelf-stable soups may experience some increase, but it could be constrained by competition from alternative quick-meal options including frozen and chilled soups.
Moreover, the popularity of meal kit delivery services may have an impact on soup sales that are shelf-stable. Because of rising consumer demand for accessible and healthful food options, shelf-stable soup sales in North America are anticipated to expand moderately over the coming years.
Why is there a Rising Demand for Shelf-Stable Soup in Asia Pacific?
The region's consumers' hectic lifestyles have resulted in a rise in the demand for quick-to-eat culinary items. Soups that are shelf-stable are a popular option for customers who are short on time because they are simple to store and can be swiftly cooked and enjoyed. The region's consumers' hectic lifestyles have resulted in a rise in the demand for quick-to-eat culinary items. Soups that are shelf-stable are a popular option for customers who are short on time because they are simple to store and can be swiftly cooked and enjoyed.
How Big is the European Market for Shelf-Stable Soup?
The demand for these items from customers in the region makes the European market for shelf-stable soup extremely large. The demand for convenience foods is on the rise, consumer lives are changing, and e-commerce and online grocery shopping are becoming more popular, all of which contribute to this expansion. The market for shelf-stable soup in Europe is dominated by companies like Nestlé, Unilever, Campbell Soup Company, Baxters Food Group, and Premier Foods. Overall, there is a sizable market for shelf-stable soup in Europe, and the future seems bright.
Category-wise Insights
Popularity of Conventional Shelf-Stable Soup
Traditional shelf-stable soup is a sort of tinned meal made to keep for a long time on the shelf. These soups are perfect for preserving in your cupboard or refrigerator because they frequently have components that are cooked together before being sealed in a can. Traditional shelf-stable soups have been around for a while, but in recent years they have become more well-liked because of their availability and convenience.
Consumption of Vegetable-Based Soups
The most common form of shelf-stable soup on the market is vegetable-based, making up a sizeable share of sales. The rising popularity of plant-based diets and healthier food options is a major factor in the marketing of these soups as nutritious options. The most common form of shelf-stable soup on the market is vegetable-based, making up a sizeable share of sales. The rising popularity of plant-based diets and healthier food options is a major factor in the marketing of these soups as nutritious options.
Competitive Landscape
Shelf-Stable Soup market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
Scope of the Report
Attribute
Details
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
US$ million for Value and Metric Ton for Volume
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa
Key Countries Covered
United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others.
Key Segments Covered
Product Type, Nature, and Region
Key Companies Profiled
Tabatchnick Fine Foods
Nona Lim
The Original SoupMan
Bare Bones
Pacific Foods
Swanson Health Products
Ragozzino Foods
FAWEN
Kraft Heinz
Tabatchnick Fine Foods
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Shelf-Stable Soup Market by Category
By Product Type:
Gazpacho
Vegetable
Chicken
Beef
Other
By Nature:
Conventional
Organic
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
Frequently Asked Questions
What is the global Shelf-Stable Soup Market reported by FMI for 2023?
The Shelf-Stable Soup Market is valued at US$ 12.0 billion for 2023.
What is the Shelf-Stable Soup Market valuation expected for 2033?
The Shelf-Stable Soup Market valuation is expected to be US$ 16.7 billion in the year 2023.
What is the projected CAGR for the Shelf-Stable Soup Market from 2023 to 2033?
The value of CAGR for the Shelf-Stable Soup Market is estimated to be 3.3%.
Which segment type will garner significant value share by 2023?
The vegetable-based soups segment would garner significant market value share by 2023.
