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Soup Market Consumption, Key Players and Growth by Shares Forecast to 2021

Soup consumption by people under medical observation is expected to trigger the market growth in near future.

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These products are available at retail stores either in cans or in dried form. Canned products need warming before consumption whereas the dried ingredients are to be mixed with boiled water. Development of packaging industry has helped in driving the growth of these eatery items. Sophisticated packaging solutions have resulted in increasing shelf life and therefore preserving the taste and nutrient. Small eatery vendors and café outlets have been serving soups on account of their increasing popularity. These outlets form an integral part of the value chain of street food where consumers buy products on account of its affordable cost and convenience. Companies are targeting these small vendors in order to increase their presence in the retail market and connect with the end consumers. These small eatery outlets are used by smart marketers to promote their products using attractive sign boards. The Campbell soup company invented condensed soup in 1897 and revolutionized the commercial soup market in the U.S. Condensed soup are canned products in the concentrated form which need the addition of water. Condensation allowed manufacturers to pack these products in smaller cans and sell at a lower price. Moreover, consumers were able to customize their soups using this condensed liquid as a base for home-made soups. Hectic lifestyle and increasing standard of living drive the consumption of ready to eat products in urban areas. Commercial soups available in the retail stores are quick and easy to make. Canned and dried packs are available in supermarkets, hypermarkets and convenience stores. Canned products are marketed as ready to eat with no further requirement for further processing. The demand has further increased owing to microwave bowls, offering convenience at workplaces and small café outlets. Clear soups are known to contain vegetables with less salt. Their increasing popularity as a diet for medical patients is expected to drive the demand in near future. Health aware consumers prefer clear soups on account of its nutrient content and low salt content. Such market trend is expected to propel the demand over the forecast period. Request Sample Copy of this Market Research @ Some ingredients used in the manufacturing are subjected to health concerns, which are expected to pull the demand down in the near future. Some soup categories are not preferred by the consumers owing to the presence of monosodium glutamate. Companies have come up with products without monosodium glutamate in order to cater these consumers. Some consumers may show symptoms of

allergy due to the presence of corn, soy, and nuts. Automated manufacturing of these products offers bright opportunities for the overall industry growth. Production with the help of machines reduces the risk of contamination on account of human touch. Also, manufacturers are able to produce on a larger scale and therefore optimize their cost. These products vary from region to region and depend on local taste. Manufacturers tend to modify their products in order to satisfy the need of local consumers. The market is broadly segmented based on product type, which includes thick soup and clear soup. Further, they are classified based on the product delivery for end consumer, which includes canned packaging and dried packaging. Canned products are high in demand in North America whereas the Asian market is mostly filled with dried packaged items. Asia Pacific dominated the regional demand and is expected to continue the trend in near future as soups are an integral part of daily diet especially in South East Asia. See More Reports of this Category by Million Insights @ Regional demand is followed by North America. The U.S market witnesses the significant sale of these ready to eat food items owing to its convenience. Key players operating in the manufacturing of commercial soup are Maggi, Unilever, Campbell, Associated British Foods, Heinz, Premier foods and Hain holdings. The Southeast Asian market is unstructured compared to North America on account of the presence of small players catering to local tastes. Market Segment: This report studies Soup in Global market, especially in North America, Europe, China, Japan, India and Southeast Asia, focuses on top manufacturers in global market, with sales, price, revenue and market share for each manufacturer, covering • Campbell Soup • ConAgra Foods • HJ Heinz • Nestle • Unilever Group • Associated British Foods • Baxters Food Group

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