Published on : Oct 24, 2017
Albany, New York, October 24, 2017: In the recent past, the demand for foods that are free from gluten or genetic modifications has escalated among urban consumers who are health-conscious, boosting the sales of organic soups in several parts of the world. Market Research Hub (MRH) has recently announced the inclusion of a new study to its wide research portfolio, which is titled as “Organic Soups Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”. This 170-pages report estimates and forecasts the organic soups market on the global and regional levels. Additionally, the study offers forecast between 2017 and 2025 based on volume (tons) and revenue (US$ Mn) with 2016 as the base year.
In order to explain the intensity of competition in the market, the report has been segmented geographically into major regions including North America, Europe, Asia Pacific excluding Japan, Latin America, and the Middle East and Africa. In addition, a complete overview of various segments, current and emerging opportunities, and notable consumption trends in these regions are explained. As per the analyst’s finding, by 2017 end, the worldwide market for organic soups is expected to attain a value of US$1,895.5 Mn. Further, the opportunity in this market is anticipated to rise at an impressive CAGR of 5.7% between 2017 and 2022 and reach US$2,497.8 Mn by the end of 2022. Regionally, North America is predicted to lead the global market in terms of revenue in 2017 and expected to maintain its lead throughout the forecast period.
Some of the major factors identified by the study include the rising demand for packaged soups that are sourced using natural ingredients, have loads of nutrients, and fresh in flavor and taste is propelling the demand for organic soups in the food sector. These soups are packaged so as to facilitate easy storage and allows convenience in preparation, therefore consumers prefer them. The advent of organic soups that compare satisfactorily with home-made soups in terms of nutrients and freshness is a crucial factor fueling the growth of the market.
Further, the report also analyzes the major product types of organic soups are soup pre-mixes, ready to serve wet soups, and condensed wet soups. As the demand for ready to serve wet soups is gaining traction among buyers in various counties, the segment is estimated to be on top in the coming few years. The share of ready to eat segment is expected to increase incrementally and reach US$ 826.9 Mn by 2022 end. Moreover, the study captures the revenue held by various segments such as product type, ingredient, and sales channel. Based on ingredient type, the report segments the organic soups market into tomato soups, beans soups, chicken soups, beef soups, artichoke soups, mixed vegetable soups, and others. Among various sales channel, a number of grocery retailers adopting innovative merchandising strategies, which is a prominent trend expected to accentuate the global organic soups market.
Later, key market players have been profiled in terms of attributes such as company overview, financial overview, business strategies and recent developments. Leading players profiled in the report are Campbell Soup Company, Amy's Kitchen Inc., the Kraft Heinz Company, Unilever PLC, Trader Joe's Company, Wolfgang Puck Worldwide, Inc., Hain Celestial Group, Kettle Cuisine, LLC., Blount Fine Foods, and General Mills, Inc.
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