-- Market Analysis
Organic Soup Market is predicted to grow at a healthy CAGR over the forecast period (2018-2023), states the new Market Research Future (MRFR) report. Organic soup falls under the organic food category. They are produced by processes/methods which are in compliance with the organic farming standards and is sans preservatives. It is typically prepared by simmering or boiling vegetable, seafood, or meat with other ingredients. Today, organic soup is commercially available in various types, including gluten free, vegan, and others.
Organic soups are in great demand as the different ingredients used to prepare it are 100% organic certified. Such ingredients restrict the usage of chemicals such as fertilizers and pesticides in farming. Along with being eco-friendly with the ingredients being sourced naturally, such soups are also gaining ample recognition as they are high in nutrients and are delicious and wholesome. Moreover, the constant incorporation of innovative spices and exotic flavors are also contributing to its growth.
Various factors are propelling the organic soup market growth. Some of these factors according to the Market Research Future (MRFR) report, include growing demand for ready-to-eat and convenience food, growing consumption of meal replacement with people choosing safe food alternatives, and demand for fresh, all-natural, and nutritious soups. Additional factors pushing market growth include growing advancement in food technology, demand for non-genetically modified and gluten-free foods among health-conscious people, changing lifestyle, urbanization, and several health benefits of consuming organic soups such as the lowered risk of chronic disease and allergies.
On the contrary, the demand and supply gap of raw materials and volatility of prices are factors that may impede the organic soup market growth over the forecast period.
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Key Players
Leading players profiled in the Organic Soup Market report include
• Conagra Brands, Inc. (US),
• B&G Foods, Inc. (US),
• General Mills, Inc. (US),
• Nestlé S.A. (Switzerland),
• Unilever PLC (UK),
• Associated British Foods plc (UK),
• Campbell Soup Company (US)
• Kraft Heinz Company (US)
August 2019: Boulder Organic has rebranded its packaging and also expanded its distribution. The specialty of Boulder Organic soups is that they are never frozen and prepared with garden-fresh ingredients.
Market Segmentation
The MRFR report provides a complete segmental analysis of the organic soup market on the basis of distribution channel, packaging type, source, and product type.
Based on product type, the organic soup market is segmented into ready-to-drink, ready-to-cook, frozen, and others.
Based on source, the organic soup market is segmented into seafood, beef, poultry, vegetables, and others.
Based on packaging type, the organic soup market is segmented into pouches/sachets, cans, and others.
Based on distribution channel, the organic soup market is segmented into non-store based as well as store based. The store-based segment is again segmented into convenience stores, supermarkets and hypermarkets, and others.
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Regional Analysis
By region, the organic soup market report covers the latest trends and growth opportunities across Europe, the Asia Pacific (APAC), North America, and the Rest of the World (RoW). Of these, Europe will dominate the market during the forecast period. This is owing to changing consumer preferences, growing significance of health and wellness, and increase in disposable income. The UK, Russia, and Germany are the key contributors in this region.
The organic soup market in North America is predicted to have the second-largest share in the market over the forecast period. This is owing to increasing consumption of convenience food, change in the food consumption pattern, the presence of several well-established players in the region, and increasing health concerns.
The organic soup market in the APAC region is predicted to have a profitable growth over the forecast period. This is owing to the ever-increasing population, changing lifestyles of consumers, preference for organic food, and the rising awareness concerning the numerous health benefits of consuming organic soup. India, China, New Zealand, and Australia are the key contributors in this region.
The organic soup market in the Middle East and Africa is predicted to have a steady growth over the forecast period.
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