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Canned Soups Market Trends

Report ID: GMI6254
Published Date: Mar 2024
Report Format: PDF

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Canned Soups Market Trends

Canned Soups bread is experiencing a major surge in popularity, particularly with health-conscious consumers. A revolution is underway in the canned soup industry. With lifestyles becoming busier, the demand for quick and uncomplicated meals is rising, and canned soup is stepping up to meet this demand. Manufacturers are heeding consumer preferences by offering options such as low-sodium, organic, and gluten-free varieties.

Nevertheless, there's room for improvement. While some consumers express concerns about preservatives, others tire of repetitive flavors. Despite these challenges, canned soup remains a dominant global player, adapting to evolving tastes. The future of canned soup looks promising as companies continue to innovate with enticing new flavors and healthier choices. Additionally, it appears to be becoming more accessible and receiving better marketing efforts.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of canned soups reached USD 4.8 billion in 2023 and is set to witness 4% CAGR from 2024 to 2032, given their popularity as a convenient meal solution, as they are available precooked in a sealed container, containing vegetables, meat, and grains.

The vegetarian category segment recorded 61% of the market share in 2023, due to the growing popularity of meat-free dining.

North America market size was USD 1.5 billion in 2023, driven by the growing health awareness for lower-sodium and organic varieties in the region.

Some of the prominent industry players are Amys Kitchen, Campbells Soup Company, Wolfgang Puck, Conagra Brands, Swanson, Hain Celestial Group, Zoup, Heinz (maker of brands like Heinz Soups), Kettle Cuisine, Pacific Foods, Panera Bread, and Progresso.