REFRIGERATED AND FROZEN SOUP MARKET: GLOBAL GROWTH PROJECTIONS

Refrigerated and Frozen Soup Market: Global Growth Projections

Refrigerated and Frozen Soup Market: Global Growth Projections

Blog Article

According to a Future Market Insights (FMI), the global refrigerated and frozen soup market is experiencing significant growth, driven by increasing consumer demand for convenient and nutritious meal options. As lifestyles become busier, more individuals are seeking ready-to-eat solutions that do not compromise on health. The market is projected to reach a valuation of USD 2.6 Billion in 2024, with an anticipated compound annual growth rate (CAGR) of 9.1% during the forecast period, ultimately totalling USD 6.3 Billion by 2034.

View Complete Report Highlights!  https://www.globenewswire.com/news-release/2024/11/18/2982894/0/en/Global-Refrigerated-and-Frozen-Soup-Market-Set-to-Reach-USD-6-3-Billion-by-2034-Driven-by-Health-Trends-and-Consumer-Demand-for-Convenience-Future-Market-Insights-Inc.html

Industry Trends & Future Analysis:

The trend towards healthy eating is reshaping the refrigerated and frozen soup market. Consumers are increasingly inclined towards products that offer nutritional benefits without sacrificing convenience. Innovations in food preservation equipment & technologies play a crucial role in enhancing the quality and shelf-life of these soups, making them more appealing to health-conscious consumers. Furthermore, the rise of plant-based diets and organic ingredients is influencing product development, leading to a broader array of options available in the market.

Looking ahead, the industry is expected to see continued growth as manufacturers focus on sustainability and clean labelling. The incorporation of fresh herbs and vegetables into frozen soups is gaining traction, aligning with consumer preferences for wholesome ingredients. Additionally, e-commerce platforms are becoming vital sales channels, allowing consumers to easily access a variety of refrigerated and frozen soup options from the comfort of their homes.

Industry Regional Insights:

North America currently dominates the refrigerated and frozen soup market, accounting for a substantial share due to high consumer awareness regarding health and nutrition. This region's strong retail infrastructure and the presence of major players such as Campbell Soup Company and Conagra Brands further bolster its market position.

In contrast, the Asia-Pacific region is emerging as a significant growth area for the refrigerated and frozen soup market. Rapid urbanization, changing lifestyles, and an increasing preference for convenient meal solutions are driving demand in countries like China and India. It is estimated that Chinese market will surge at 9.9% during the forecast period, highlighting its potential as a key player in this evolving market landscape.

Key Takeaways from the Report:


  • The global refrigerated and frozen soup sales are projected to reach USD 2.6 Billion in 2024.

  • A CAGR of 9.1% is expected during the assessment period, with total sales reaching USD 6.3 Billion by 2034.

  • The U.S. market for refrigerated and frozen soup is anticipated to grow approximately at 8.4% from 2024 to 2034.

  • The frozen soup segment is expected to grow at a CAGR of 8.8% throughout the forecast period.

  • E-commerce platforms are becoming increasingly important for distribution, catering to changing consumer shopping behaviors.


 

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