Market Report

The global soup market was valued at $ 16,903 million in 2017 and is anticipated to grow at a CAGR of 3.3% during the forecast period 2018-2023. The market would be experiencing steady growth given the incredible health benefits such as aiding in weight reduction, providing health amounts of proteins and vitamins. In addition, the products ability to aid in weight reduction, affordability is driving the market. Canned/Preserved soup segment generated $8,091.80 million in value terms in 2017. This is given the decreasing cooking time and change in lifestyle especially in the urban areas. The Supermarkets/hypermarkets held the major share of 79.3% in the retail distribution channel of soup market. Independent restaurant held the largest share of 53% in the on-trade distribution channel which is estimated to grow at a CAGR 3.85% during the forecast period 2018-2023. What is Soup? Soup is a liquid food which is served warm and considered to be the first course of a meal and good appetizers...

The global soup market was valued at $ 16,903 million in 2017 and is anticipated to grow at a CAGR of 3.3% during the forecast period 2018-2023. The market would be experiencing steady growth given the incredible health benefits such as aiding in weight reduction, providing health amounts of proteins and vitamins. In addition, the products ability to aid in weight reduction, affordability is driving the market. Canned/Preserved soup segment generated $8,091.80 million in value terms in 2017. This is given the decreasing cooking time and change in lifestyle especially in the urban areas. The Supermarkets/hypermarkets held the major share of 79.3% in the retail distribution channel of soup market. Independent restaurant held the largest share of 53% in the on-trade distribution channel which is estimated to grow at a CAGR 3.85% during the forecast period 2018-2023. What is Soup? Soup is a liquid food which is served warm and considered to be the first course of a meal and good appetizer...