Organic soup market is projected to reach USD 5,695.4 million by 2030, at a CAGR of 6.21% from 2022 to 2030. This report offers in-depth analysis of forces that influence the market. Analyzing the market on the basis of various segments, the report profiles the key players in this market and evaluates their competitive strategy. It studies and documents the historical market trends, along with current government regulatory requirements.
With the trend of people becoming health-conscious and leaning towards organic food items, organic soups are witnessing a rise in their popularity. Free from preservatives and produced by the standards of organic farming processes, organic soups are high in nutrition value. The ingredients of organic soups restrict the use of chemicals like fertilizers and pesticides. With the growing consumer awareness about nutrition and their increasing interest in healthy lifestyle, it is fashionable to have soups before meal appetizers and healthy snacks. With consumers valuing health certifications, and labels, the organic soups market outlook is to get driven in a positive direction.
Regional Analysis
The regional segmentation of the global organic soup market comprises of North America, Europe, Asia Pacific, and rest of the world (RoW). According to the report, among all regional markets, North America holds the lion‘s share. Here the market is expected to grow at a steady pace during the forecast period. In this region, due to more health awareness, technological advancement and heavy food subsidization by governments, the market is growing. The United States of America (USA) has lots of food subsidization. After the USA, the biggest markets in this region are Canada and Mexico.
In Europe, the highest amount of market revenue comes from France, Germany, Italy, Spain, and the United Kingdom, followed by the rest of Europe. The report predicts Asia-Pacific to the fastest growing regional market for organic soups, with China and India holding the major share. Apart from these two countries, the other important markets in this region include Australia, and Singapore, followed by the rest of Asia Pacific. In Latin America, the population is lesser than the Asia Pacific. Otherwise, it has the potential to grow with the speed of Asia Pacific. The immense consumption of convenience food products & processed foods and in growing economies of Asia-Pacific and Latin America, along with the growing demand for bakery and confectionery products is a crucial factor in boosting the market growth. The RoW countries in this report include Argentina, Brazil, Saudi Arabia, and South Africa.
Market Segmentation
In this report, the global organic soup market share has been segmented on the basis of packaging, product type, source, and lastly region. On the basis on packaging, this market has been segmented into bowl, pouch, tetra pack and others. Based on product type, the market has been segmented into frozen, ready-to-drink, ready-to-mix, and others. By source, the market has been segmented into bisque, chicken soup, stew, vegetable soup, and others.
Key Players
The key organic soup market players include Amy's Kitchen (USA), Blount Fine Food (USA), Boulder Organic (USA), Campbell Organic Soup Company (USA), Kettle Cuisine (USA), Pitango (Australia), and Tideford Organic Foods (England).
Latest Industry News
- Lotus Foods, the leading heirloom rice company has announced some new launches that include Rice Ramen Noodle Cups along with an Organic Moringa Pad Thai Rice Noodle. In the Ramen Noodle category, the new Rice Ramen Noodle Soup Cups offer on-the-go soup made with never-fried organic brown rice noodles that are ready to eat in just 3 minutes. The organic soup noodles are available in three unique flavors. 28 FEB 2021
- Reportedly, differences of opinion between Campbell Soups and Walmart are affecting the former‘s sales. 16 FEB 2021
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