Bound with time crunch, demand for frozen food products continue to increase as they can be prepared in less than 15 minutes. Preference for pre-cooked, and healthy food products among customers continues to impact the dynamics of the market positively. Customers increasingly prefer food products that are blended with the healthy vegetables. Surge in demand for frozen soup is expected to impact growth of the global market positively.
According to a recently published report, the global frozen soup market is expected to represent a value of over US$ 120 Mn by the end of 2022.
Market Taxonomy
|
Region |
Product Type |
Sales Channel |
|
North America |
Traditional |
Wholesales/ Distributor/ Direct |
|
Latin America |
Light |
Supermarket/Hypermarket |
|
Europe |
Vegetarian Classics |
Convenience Store |
|
Japan |
Non Vegetarian |
Online Retailers |
|
APEJ |
Organic |
Other Retail Format |
|
MEA |
Noodle |
|
|
Other Product Types |
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Convenience to Boost Demand Frozen Soup
With increasing preference for convenience in routine tasks, demand for quick and convenient ways of preparing food products continues to increase. As frozen soups are trimmed, and packed for quick preparation, sales of these products will continue to rev up. In addition, consumption of these products is expected to remain concentrated among the customers who are travelling or are on-the-go. Frozen soup products further offers pre-prepared soup that could be preserved from the time of preparation till the time of consumption. Besides fresh vegetables, the frozen soups also contain out-of-season ingredients. Attributed to increasing demand for the out-of-season ingredients, consumption of the frozen soup is expected to rev up.
Significant Demand in Food and Beverage Industry
Frozen food will continue to witness surge in demand in the food and beverages industry as the vegetables used for preparing frozen soup are generally picked at the peak of their season. Moreover, the food manufacturers prefer freezing the vegetables in the most natural manner, which is expected to rev up demand for frozen soup. As the waste and spoilage is relatively less, sales of frozen soup will remain concentrated in the food and beverages industry.
Several market players are also increasingly focusing on channelizing their investments in research, developments, and product innovations. In a bid to expand and attract more customers, various market players are mainly focusing on extending their product line by adding range of new products. Bound to such factors, the global frozen soup market is expected to witness significant growth.
Wholesalers to Remain Dominant Segment
With increasing preference for vegetarian soup products, demand for vegetarian soup continues to rev up demand in the global market. Vegetarian classics as compared to other products is expected to witness the highest revenue growth, recording a value of over US$ 8 Mn by the end of 2022. This segment is also expected to register the highest CAGR in the global market throughout 2022.
Sales of frozen soup products is expected to generate significant revenues through the wholesalers/distributor/direct channel. The wholesalers/distributor/direct sales channel is expected to account for a value of over US$ 8 Mn by the end of 2017. Online retailers is expected to register the highest CAGR in the global market throughout 2022.
Competition Tracking
Leading players operating in the global frozen soup market include Campbell Soup Co., The Kraft Heinz Co., Conagra Brands, Inc., Tabatchnick Fine Foods, Inc., and Kettle Cuisine, LLC.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
The global frozen market is expected to register a healthy growth attributed to increasing demand in the food and beverages industry. Growing demand for quick and convenient way to prepare food is expected to impact growth of the global market positively. This report, published by Fact.MR, provides in-depth analysis of the global frozen soup market for the forecast period 2017-2022, and offers key insights about future market direction.
Scope
The scope of Fact.MR’s report is to analyze the global frozen soup market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Frozen soup manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to frozen soup.
Summary
The report commences with a brief information of the global frozen soup market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global frozen soup market.
Overview
The next section offers an overview of the global frozen soup market. This comprises an introduction to the market, along with a standard definition of the product – frozen soup. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global frozen soup market, the report provides updates about market opportunities, which can benefit leading manufacturers of frozen soup. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for frozen soup manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global frozen soup market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The frozen soup market has been categorized on the basis of product type, sales channel, and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global frozen soup market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global frozen soup market.
Research Methodology
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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Frozen Soup Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022