Canned Soups Market Size - By Type (Vegetable, Creamy, Meat-based, Ethnic and International Soup), By Distribution Channel (Hypermarkets, Supermarkets, Convenience Stores, Food Specialty Stores, Online Stores), By Category & Forecast, 2024 – 2032

Canned Soups Market Size

Canned Soups Market size was valued at USD 4.78 billion in 2023 and is anticipated to register a CAGR of over 4% between 2024 and 2032. Canned soups are a great choice for convenient meal solution, as they are available precooked in a sealed container, containing vegetables, meat, and grains. By simple heating, they are ready for consumption. They come in a variety of flavors, ranging from traditional chicken noodle to more exotic choices like Thai curry, catering to diverse tastes and dietary needs, making them ideal for those with hectic schedules or varying dietary preferences.
 

Over the world, canned soup is growing in popularity. This is a result of our hectic lives, which are driving an increasing number of individuals to seek quick and easy meals.  To meet this demand, the canned soup industry is expanding its taste offerings, coming up with innovative new types, and even emphasizing healthier options.  The market for canned soup is predicted to expand and provide more options as consumer preferences shift.
 

Canned Soups bread is experiencing a surge in popularity. The resurgence of canned soup is attributed to the demands of busy lifestyles seeking convenient meal options. However, beyond convenience, there is a notable emphasis on dietary consciousness, spurring a significant demand for healthier canned soups. Recognizing this shift, astute manufacturers are introducing diverse options, including low-sodium, organic, and gluten-free varieties, aligning with the preferences of health-conscious consumers. This adaptability underscores the promising trajectory for further expansion in the canned soup market.
 

Two threats to canned soup are monotonous flavors and health concerns. Consumers are weary of the same old flavor and are more cautious due to increased concerns about preservatives. Less sales could result from this. Soup makers must be inventive if they want to maintain a customer base. They ought to create intriguing new tastes and investigate eliminating preservatives. The canned soup industry can stay out of the can by adjusting to consumer demand.
 

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.
 

Canned Soups Market Analysis

Based on the type, the market is segmented into vegetable, creamy, meat-based, ethnic, and international Soup. The vegetable segment dominated around USD 1.6 billion revenue in 2023. Growing consumer health awareness and a preference for convenient yet healthy meal choices are driving the demand for vegetable-based soups.
 

Moreover, increased recognition of plant-based diets and sustainability further broadens the appeal of vegetable soups to a wider audience. Additionally, market expansion is fuelled by ongoing product innovation and a diverse array of flavours. Manufacturers are responding to evolving consumer tastes by introducing new recipes, organic alternatives, and products with clean labels. Consequently, the vegetable soups segment is positioned for sustained growth and increased market presence within the canned soups industry.
 

Based on category, the market can be further segmented into vegetarian, non-vegetarian. The vegetarian segment accounted for 61% of the canned soup market share in 2023. With the growing popularity of meat-free dining, vegetarian canned soups are stepping up to meet the demand. Packed with grains, legumes, and vegetables, they offer delicious and wholesome meal choices. Anticipate substantial growth in the vegetarian canned soups sector as consumer priorities lean towards sustainability and well-being. As manufacturers seize upon this evolving trend, anticipating a broader range of options and exciting flavors, solidifying vegetarian canned soups as a prominent contender in the canned food sector moving forward.
 

Based on distribution channel, the canned soups market can be further classified into hypermarkets, supermarkets, convenience stores, food specialty stores, online stores, and others. In hypermarkets, canned soup is quickly rising in demand. These massive retail chains offer a wide variety of canned soups, making it easier for customers to compare brands and flavors.
 

Furthermore, the ease of locating all grocery requirements in one location adds to the attraction and makes it possible for clients to finish their shopping quickly. Hypermarkets are a great place to find canned soups at enticing rates, especially for frugal shoppers. Canteen soup is becoming more and more popular due in large part to the ease of buying in quantity and the general hypermarket shopping experience.
 

North America canned soups market size held over USD 1.5 billion in 2023. The demand for fast meals continues to surge due to hectic lifestyles, making canned soup highly sought after. Moreover, producers are responding to the growing health awareness by offering lower-sodium and organic varieties. Exploring niche markets like plant-based and ethnic cuisines is strongly recommended. Additionally, adopting targeted marketing and online direct-to-consumer sales can attract new customers. With inventive flavour profiles, creative packaging, and innovative sales approaches, the future of the North American canned soup business promises to be both flavourful and diverse.
 

Canned Soups Market Share

Makers of canned soup are coming up with inventive ways to win. To meet consumer demand, they are continuously coming up with new and inventive flavors as well as healthier alternatives.  Additionally, they are selling their soups straight online and in more places.  They highlight their brand's unique qualities, health advantages, and ease of use to entice you to purchase it.  Canned soup makers are competing to maintain their leadership position in a congested industry by engaging with retailers on promotions and reaching out to new consumers online.
 

Campbell's Soup is taking up various initiatives. They are rolling out fresh flavors and healthier choices to meet customer demands. They are also teaming up with businesses and utilizing online marketing to expand their reach. Campbell's goal is to boost its presence in the canned soups market by partnering with others and offering innovative and enticing options. Pacific Foods excels in the market through innovation, providing a range of organic and plant-based soups crafted from top-notch ingredients and sustainable methods. Their emphasis on healthful, delicious choices appeals to wellness-focused consumers, contributing significantly to their achievements in the industry.
 

Canned Soups Market Companies

Major companies operating in the canned soups industry include:

• Amy's Kitchen
• Campbell's Soup Company
• Conagra Brands
• Hain Celestial Group
• Heinz (maker of brands like Heinz Soups)
• Kettle Cuisine
• Pacific Foods
• Panera Bread
• Progresso
• Swanson
• Wolfgang Puck
• Zoup
   

Canned Soups Industry News

• In March 2021, Soupologie, a UK-based fresh soup company, introduced a new line inspired by sunshine! Their trio of fresh, plant-based soups is enriched with vitamin D, offering at least 50% of your daily requirement in a single serving. This vegan vitamin D3 provides a delightful way to enhance your intake.
   
• In January 2021, IMCD, a prominent provider of specialty ingredients, inaugurated a state-of-the-art UHT laboratory in Indonesia. This advanced facility enhances their footprint in Asia and facilitates the creation of superior ingredients for soups, dairy items, and beverages.
   

The canned soups market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, By Type

• Vegetable
• Creamy
• Meat-based
• Ethnic and International Soup

Market, By Category

• Vegetarian
• Non-Vegetarian

Market, By Distribution Channel

• Hypermarkets
• Supermarkets
• Convenience Stores
• Food Specialty Stores
• Online Stores
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA