Soup is said to have existed as early as 20,000 B.C. Our ancestors boiled soup using sealed baskets out of tree barks and animal hides, cooking instruments of the time.
Safe to say, soup has evolved with the over the centuries right alongside mankind. Through the invention of canning and other updated packaging methods allow soups to be sold hot or cold, liquid or dry.
In today’s industry analysis, we evaluate the changing consumption trends that’s disrupting or beloved comfort food (in good ways). Changing consumer tastes and healthier lifestyles are forcing manufacturers to make sweeping updates to their product over the past decade. Some innovations include more nutritious soups that aid in weight loss, boost the immunity, and invigorate the body from everyday stress.
Table of Contents:
Soup(er) Facts You Should Know About
The major types of soup are classified as dry soup, wet soup, bouillon, and broth and stock. (Bandera County Courier)
This year, the average per capita soup consumption remains at 0.6 kg. (Statista)
Owing to its simple preparation, instant soup is seen to continue to dominate the soup market. (Mordor Intelligence)
Soups with milk and chicken stock produce a lighter blend rather than using heavy cream. (Think USA Dairy)
A top player in the soup market for several years, Campbell Soup Co. has seen its share dwindle to smaller soup manufacturers in recent years. (Euromonitor)
Dried soups are divided into two types: instant and dehydrated, depending on the product. (WMFJ.com)
Eating dense, low-energy foods like a soup can contribute to weight loss and long-term health benefits. (MarketResearch.com)
The popularity of health and wellness products, the growing variety of its products, and the dynamic promotions of key players in the industry are other reasons why the industry is continuing to develop. (Mordor Intelligence)
Inspiring consumers to take in more vegetables, soup manufacturers are innovating smoothly pureed soups composed of fresh vegetables. (IndustryARC)
Successive product introduction and ingenious flavor offerings by manufacturers have driven the soup market with a robust growth rate. (Market Research Future)
Walmart is Campbell’s Soup Company’s largest customer taking up 18% of its distribution percentage.
One trend in the U.S. soup market is serving premium soup using savory practices, inclining to local taste preferment and preparation. (IndustryARC)
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The most common types of soup in the market today include Dry or dehydrated soups, Condensed wet soups, Frozen soups, Ready-to-serve soups, Refrigerated soups, and Ramen. (MarketResearch.com)
Campbell Soup Company employs about 1,200 people in its headquarters alone in Camden, New Jersey. (Vault)
Spending on promotional and other marketing activities have kept key soup manufacturers dominating the market. Concentrating on product innovation and certain branding strategies have also kept these companies with a competitive edge.
Frozen soup, just like any other ready-to-eat soup, contains a lot of nutrients and comes in different kinds of packages. (Weny.com)
4,400: The number of Campbell Soup applications and trademark registrations.
Some of the key players in the frozen soup industry include Kettle cuisine, Tabatchnick, Campbell Soup Company, Blount Fine Foods, Conagra Foods, Nestle, Kraft Heinz, The Schwan Food Company, and Amy’s Kitchen. (Weny.com)
Campbell Soup Company employs about 23,000 people in all its offices around the globe. (Vault)
In an era of tight restrictions and quick access to health and nutritional facts, current soup manufacturers are no longer inclined to bet on their healthy perception to promote their products. (Weny.com)
Dried soups are typically in bouillon cube form, it is a mixture of powdered ingredients such as pepper, dehydrated veggies, and seasoning. (WMFJ.com)
Global Soup Industry and Consumption Trends
The global soup market size is segmented with respect to region and country includes Europe (UK, Germany, and Rest of Europe), Asia-Pacific region (China and rest of the Asia-Pacific region), Americas (US, Canada, and the rest of the American region), Middle East (Kingdom of Saudi Arabia, United Arab Emirates, and the rest of the Middle East region), and the rest of the world. (Bandera County Courier)
In Britain, canned soup sales fell by a surprising £28.7million, while chilled soups have seen increased sales. (Express.co.uk)
Canada’s import of broth and soups rose to $205,616,882.76 on a 6% year on year increase since 2013. (Nation Master)
In 2020, the soup industry gained over 21 million in earnings. The market is anticipated to increase annually with a CAGR of 2.6%. (Statista)
The top global soup manufacturers include The Kraft Heinz Company, CSC Brand (Campbell Soup Company), Unilever, Conagra Brands, Nestle, Kettle Cuisine, General Mills, Kroger, Amy’s Kitchen, Hain Celestial, and Bear Creek Country Kitchens. (Market Watch)
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In the next few years, UTH and canned soup products are expected to increase in demand. Consumption of canned products is especially high in developed countries such as Germany, Canada, the U.K., and the U.S. (Grand View Research)
Increased demand for accessible meal substitute is driving the European market with a 2.60% CAGR (Market Research Future)
Innovative flavors, an increase in disposable income, and urbanization are seen to drive future global demand for soup. (Grand View Research)
North American soup demand, which holds a significant share in the global soup market, is projected to surge following the rise in the appeal of nutritional food intake. (Market Reports World)
In 2020, the average price per unit of soup worldwide equated to US$4.61 (Statista)
Belize has risen to rank number 69 in 2016, where they were ranked 124 the year before in soups and broth exports (Nation Master)
The elevated content of corn and salt is said to hinder the growth of dried soup in the market. It has been claimed to increase a person’s level of blood sugar and blood pressure. (Grand View Research)
The U.K. soup market is dominated by a foreign company, H.J. Heinz Company. (Market Research Store)
The 19th-century invention of canning paved the way for the commercialization of soup around the world. (MarketResearch.com)
Germany tops the ranks in 2018 in terms of broths and soups production sold. (Nation Master)
The chilled soup segment has seen rapid growth in the U.K market, marking a 5.5% CAGR in the period 2009 – 2019. (Market Research Store)
Comprising of assorted exotic flavors and having nutritional value, chilled soups are the choice of young Britons, bringing about its growth in the U.K. soup market. (Express.co.uk)
During the period 2009 to 2019, Ambient soup will remain superior among the four categories of soup studied in the U.K. market. (Market Research Store)
The U.S. Soup Market
Due to the negative concept of containing preservatives as well as being known as a poor source of nutrients, traditional shelf-stable soup has seen a sharp decline in sales in recent years. (Euromonitor)
In the soup market retail distribution market, Hypermarkets/supermarkets are king with an exceptional 79.3% share. (IndustryARC)
Cream soup with cheese or milk base, as well as soups garnished with cheese or sour cream, dominates the menu offerings in most U.S. restaurants. (Think USA Dairy)
Among its broad soup variety in the U.S., tomato, chicken noodle, and of course, cream of mushroom is the most popular soup varieties of the Campbell Soup Company. (Vault)
North America which includes the U.S. market, is the prominent region compared to the rest of the world in the soup market.
Due to a shift in healthier eating habits brought about by consumer’s increasing inclination to health and wellness, frozen and chilled soup has seen exceptional growth in its category. (Euromonitor)
Holding a big chunk of the global market share, North American demand is expected to surge due to the high demand for nutritional food products. (Mordor Intelligence)
In 2020 figures, the U.S. generated the most revenue which amounts to US$5,357m compared to the rest of the world. (Statista)
Being part of the U.S. daily diet, the U.S. soup market is anticipated to experience steady growth. During the forecast period (2020 – 2025), the U.S. soup market is expected to gain a revenue of $16,428.6m with a CAGR of 2.18% (IndustryARC)
Acquisitions are known as common strategies of certain companies to eliminate competition. Lynn, Massachusetts based company, Kettle Cuisine, acquired Harry’s Fresh Foods in April of 2019. The latter is known to offer a wide variety of food products which include gluten-free and vegan soups. The ploy is said to benefit Kettle Cuisine by tapping markets held by Harry’s Fresh Foods. (Globe Newswire)
Often blended with dairy ingredients, pureed vegetable soups are popular in posh establishments nowadays. (Think USA Dairy)
Trends in the Soup Industry
Soup manufacturers are focusing on research and development to sell their healthy product line. Expansion through the acquisition of smaller players is also being used as a strategy to tap previously unexplored markets. (Newsparent.com)
By 2025, the soup market is expected to reach USD 19,655.9 Mn with a remarkable CAGR of 3.07%. (Globe Newswire)
During the forecast period, 2019 – 2024, APAC (Asia Pacific) region is anticipated to gain an increasing growth rate.
The increase in per capita disposable income, the addition of new products and flavors, and the boost in marketing campaigns are some of the drivers spurring the growth of the soup market. (Market Research Future)
Changing eating habits and rising disposable income are some of the drivers of the APAC market growth. By 2025, it is projected to reach sales of USD 3,594.9 million with a CAGR of 4.96%. One of the top contributors in the region, Japan is also one of the leading producers of wet soup. (Globe Newswire)
Soup has long been a staple of our meals. But that doesn’t mean the meal has gone unchanged. The product continues to evolve with changing consumer preferences.