"Market Intelligence that Adds Flavour to Your Success"

Soup Market Size, Share & COVID-19 Impact Analysis, By Type (Instant, Dehydrated, Canned, Chilled, and Others), Distribution Channel (Hypermarket/Supermarket, Convenience Store, Online Retail, and Others), and Regional Forecast, 2020-2032

Last Updated: May 27, 2024 | Format: PDF | Report ID: FBI102838



Play Audio Listen to Audio Version

The global soup market size was USD 16.12 billion in 2019 and is projected to reach USD 23.28 billion by 2032, exhibiting a CAGR of 2.50% during the forecast period based on our analysis in the existing report.

The market is growing owing to the increasing consumption of processed food products in developed and developing regions. This rise in the consumption pattern is owing to factors such as an increased working population, a rise in the working women population, a fast-paced lifestyle, increasing westernization & urbanization, and per capita spending, among others on processed food products. Due to these factors, consumers tend to prefer instant food products such as ready-to-eat (RTE), ready-to-drink (RTD), convenience food products, and many more. This directly aids in the growth of the market. 

However, the current market for soups will face a rapid increase in its retail sales due to the pandemic situation caused by COVID-19. Consumers are facing a crisis of various instant food products, which eventually propels the sales of soupy products. Currently, 2 million populations are affected by COVID-19, and over 180 countries are under lockdown. This has surged the requirement for various processed food products. Various restrictions imposed by government bodies are affecting the purchase patterns of consumers. This has led to the purchase of only essential products and processed food products and beverages. The presence of working professionals and students in various countries has increased the sales of instant food products such as soups. This has led to a rapid sale of the soupy products.


Request a Free sample to learn more about this report.

Increasing Demand for Convenience Food Products

The rising rate of urbanization and the busy lifestyle of the people has facilitated the rise in the purchase of convenience food products. There are different types of convenience food available in the market such as RTE, RTD beverages, packaged snacks, instant food, and others. Soups are one of the processed food products that are consumed by people. Owing to the speedy cooking, soups are preferred by consumers. The rising population and increasing disposable income are the macro-economic factors that aid in the growth of the market. Consumers are shifting towards convenient snacking, which positively impacts the market.

According to an Agri-Canada report, the overall packaged food sales in China reached USD 272,741 million in 2019 and is expected to grow at a rate of 7%. This is owing to the larger consumption of packaged snack products in the country.


Rise in the Consumption of Vegetable Broths and Stocks to Support the Market Growth

The increasing growth of the vegan population in various developed regions and developing countries is an important factor in the consumption of vegetable stocks and broths. Major manufacturers are involved in the production of vegan soups with different packaging to cater to the current demand from the population. Apart from the vegan population, people prefer drinking healthy vegetable soups when compared to non-veg soups. The growing popularity of these broths among the people has a positive impact on the market.

According to the Vegan Society Organisation, by 2040, 25% of the global population will consume vegan meat replacements, 35% will consume clean-label meat, and 40% will consume regular meat.

Companies Investing in New Product Launches to Spur Demand

The demand for instant products is increasing and consumers are looking for new varieties in their diet. Different countries have different food choices owing to regional and ethnic preferences. These factors encourage manufacturers to launch new flavors and varieties in the market. Few producers are involved in the appealing package, while few are working on producing new flavors. This marks the availability of different varieties according to consumer preference.

In June 2018, Sonoma Brands launched its range of RTD chilled soups under its brand name, Züpa Noma. This acts as a liquid meal replacement and has zero sodium content, unlike other processed porridge products.


Continuous Consumption of Corn Starch leads to Health Issues

The regular consumption of salt and corn starch acts as a constraining factor in the market, leading to various health problems such as obesity, high blood pressure, and high blood sugar. The majority of the products, especially canned and dehydrated soups, are made using corn flour and corn starch, as they act as a thickening agent. Countries like Japan incorporate the consumption of soup in their regular diet.

Consumers are being aware of the ingredients that are added to the food they consume, which restraints the market growth. To overcome this, leading manufacturers are involved in the new product development with less corn starch content and more vegetable content. Campbell Soup Company launched a range of its soupy varieties with different vegetable flavors such as carrot, red pepper, sweet potato, and ginger. This launch is to tap the younger generation, which has great knowledge about the ingredient list.


By Type Analysis

To know how our report can help streamline your business, Speak to Analyst

Instant Soup holds the Largest Market Share Owing to its Speedy Cooking Time

Globally, the instant soup market has a great potential to grow owing to the availability of various options such as poached soup, quick soup, and packet soup. Since the cooking time for all these is low as compared to the other varieties, it is expected to grow at a high CAGR.

These days consumers prefer soups as a snacking food product which has increased the sales of instant soup. Besides, the demand for instant soupy noodles is creating a surge in the market. Consumer preferences and choices in the buying pattern of soups play a vital role in the market. Hence, the manufacturers have strategized in the launching of various instant soups with different flavor formulation to attract consumers.

On the other hand, canned soups hold the second largest market share which is owing to the larger penetration of the product in the developed regions. Countries like the U.S., U.K., and Germany prefer consuming canned soups over chilled and dehydrated soups, as it has a better formulation and retains flavor. The millennial population has started the consumption of dehydrated soups as it has various dried veggies in it. Consumer awareness regarding the products is the main driving factor for the dehydrated soups.

By Distribution Channel Analysis

Supermarket/Hypermarkets is expected to hold the Largest Market Share

Amidst the lockdown, consumers are allowed to make their essential purchases through online retail and supermarkets. Retail stores and supermarkets are the only stores that give access to the purchase of essential products, wherein the consumers follow proper etiquette by wearing a mask, carrying a sanitizer, and maintaining social distancing. Online retailers are also utilizing the platform to deliver essentials for elderly people. Most countries use online retail to purchase imported processed food products and beverages, which is expected to increase the sales of the products.


Europe Soup Market Size, 2019 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample

Europe to Exhibit Fastest Growth in the Sales of Soup, due to Large Consumer Base

Europe is expected to hold the lion’s share in the market owing to the presence of a larger consumer base for canned soups in the region. In Europe, the U.K. and Russia are the leading consumers of soups due to the ever-growing population in these countries. The processed food consumption in these countries is comparatively high as compared to the other countries present in the region. Consumption of dehydrated soups in the region is expected to grow owing to the continuous product launches to cater to consumer preferences and purchase behavior. Besides, the rising economic independence among the women population creates a demand for processed and instant food products in the region. This is expected to aid the growth of the market.

Due to the pandemic situation, sales in the region are expected to grow at a higher CAGR in 2020 due to the complete lockdown in various countries in Europe. The Work-from-home situation has paved the way for the consumption of different instant food products, among which soup and noodles sales are expected to be high.

Followed by Europe, North America is expected to hold the second-largest soup market share. The U.S. is the largest consumer in the region facilitating the growth of the market by marking larger sales of instant soup. The impact of COVID-19 in the country is certainly not bothering the growth of the market, as consumers prefer instant food over foods that take a longer time to prepare.  

The increasing population and larger consumer base in the Asia Pacific is expected to aid in the fast growth of the market in the region. The presence of various emerging economies such as China and India are important factors in the growth of the market. Japan has the largest market in the region as the people include soups and broths in their daily diet. After the U.S., Japan is the largest market for soup, globally.


Industry Focus in the Development of New Products in the Market

The global market structure is highly organized with the presence of dominant players. These players are involved in the formulation of different varieties of soups such as increased flavors, packaging, usage of different types of vegetables, and others. The companies are strategizing by the launch of new products in the market. The Campbell Soup Company, Nestle S.A., and General Mills, Inc. are the leading players in the market.


  • The Campbell Soup Company

  • Nestlé S.A

  • Baxters Food Group Limited

  • General Mills, Inc

  • Conagra Brands, Inc.

  • Premier Foods Group Limited

  • The Kraft Heinz Company

  • Hindustan Unilever Limited

  • Ottogi Co., Ltd

  • Associated British Foods plc


  • In March 2021, Soupologie, a UK-based fresh soup-producing company, launched three new Vitamin D enriched soups. The new products are fresh plant-based soups enriched with a vegan source of Vitamin D3 and provide at least 50% of the recommended daily intake in one 300g serving. 

  • In January 2021, IMCD, one of the leading distributors of specialty chemicals and ingredients, launched an ultra-high temperature (UHT) pasteurization laboratory in Indonesia to strengthen its regional technical footprint. This new facility is designed to support complex ingredient formulations in the application of soups, dairy, and beverages. 

  • In September 2020, Gardein introduced the first canned soups to feature plant-based meat. The vegan soups are available in five varieties, including Plant-Based Chicken & Rice, Plant-Based Minestrone & Sausage, Plant-Based Chicken noodles, Plant-Based Beef & Vegetable, and Plant-Based Sausage Gumbo.

  • In September 2020, General Mills announced the launch of soup paired with toppings in one tub. The company is excited to offer its classic soups with tasty toppings for an extra crunch with this innovative offering.


An Infographic Representation of Soup Market

To get information on various segments, share your queries with us

The instant type segment has witnessed significant growth in the overall market globally. The growing world population is stepping towards an increased awareness for varied types of soup. This is anticipated to aid in the expansion of the global market in the future years.

The report provides qualitative and quantitative insights into the market. It also offers a detailed analysis of its utility, distribution channel, types, market size, and growth rate for all possible segments in the market.

Along with this, the soup market report provides an elaborative analysis of the market, future growth dynamics, and competitive landscape. Various key insights presented in the report include an overview of related markets, recent industry developments such as mergers & acquisitions, the regulatory scenario in critical countries, and key soup industry trends.

Report Scope & Segmentation



Study Period


Base Year


Forecast Period


Historical Period



  Value (USD Billion)


By Type

  • Instant

  • Canned

  • Dehydrated

  • Chilled

  • Others

By Distribution Channel

  • Hypermarket/Supermarket

  • Convenience Stores

  • Online Retail

  • Others

By Region

  • North America (the U.S., Canada, and Mexico)

  • Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe)

  • Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific)

  • South America (Brazil, Argentina, and the Rest of South America)

  • Middle East & Africa (GCC Countries, UAE, and the Rest of the MEA)

Frequently Asked Questions

Fortune Business Insights says that the value of the market was USD 16.12 billion in 2019 and is projected to reach USD 21.0 billion by 2027

Growing at a CAGR of 2.79%, the market will exhibit steady growth in the forecast period (2019-2027).

The instant segment is expected to be the leading segment based on type in the global soup market during the forecast period.

Increasing the consumption of packaged food products is the key driving factor.

The Campbell Soup Company, Nestle S.A., and General Mills, Inc. are few key players.

Europe is expected to hold the highest market share in 2019.

Hypermarket/supermarket is expected to grow at a faster rate

Busy lifestyle, increasing westernization and urbanization is the major driver in the market

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2032
    (In Process)
  • 2023
    (In Process)

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Health Canada

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.