Soups Market- Trends, Outlook, Industry Insights and Forecast till 2025

REPORT
DESCRIPTION
North America soups market is expected to witness significant growth over the forecast period.
The U.S. Food and Drug Administration has imposed stringent regulations on safety of food
products such as soups, which plays a pivotal role in market growth.
In Latin America, Middle East, and Africa, increasing per capita income, health awareness,
industrialization, literacy, and changing consumer preferences are projected to be the market
drivers
The companies are adopting various inorganic and organic growth strategies such as new
product launch, mergers, and acquisitions to retain their market position. For instance, Campbell
Soup acquired Pacific foods in June 2017 for US$ 700 million. An example of new product launch
is the Well Yes! Line of soups by Campbell, which contains ingredients such as kale, farro, sweet
potatoes, and quinoa in January 2017. Key market players in the soups market are Associated
British Foods, Baxter’s Food Group, B&G Foods, Inc., Campbell Soup Co., Greencore Group Plc.,
General Mills, Inc., Nestlé S.A., Nissin Foods Holdings Co. Ltd, The Kraft Heinz Company, and
Unilever Plc.
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