Frozen Soup Market

Frozen Soup Market Outlook (2023 to 2033)

Worldwide demand for frozen soup is estimated at a market valuation of US$ 128.62 million in 2023 and is forecasted to reach US$ 241.43 million by 2033-end. This Fact.MR research report predicts the global frozen soup market to exhibit expansion at a robust 6.5% CAGR from 2023 to 2033, which is slightly up from the historical CAGR of 5.1% (2018 to 2022).

Frozen foods and ready-to-eat meals have become synonymous with convenience and increasingly busy lifestyles of people are promoting the demand for these products like never before in the history of the food industry. Soups are often referred to as comforting and filling foods but making them could be a time-consuming process and this is where frozen soups and ready-to-eat soups shine. Thaw, heat, and eat is the simple process of having frozen soup, which is projected to boost its popularity in the future.

Increasing working women population, growing consumption of healthy snacks, high demand for out-of-season foods, increasing adoption of hectic lifestyles, rising health consciousness, and paradigm shift in consumer eating habits are key prospects that are estimated to uplift frozen soup shipments over the next ten years. Growing spending on food R&D around the world to create more nutritious food products and the expanding food industry are also predicted to favour market development going forward.

• As per statistics listed on The World Bank website, around 52.4% of women participate in the global labor force and the trend has remained fairly flat over the past three decades but could be subject to change as reforms to support female participation gain popularity around the world.

Frozen potato soup, frozen onion soup, frozen clam chowder soup, and frozen miso soup are some popular products that are witnessing high demand at present. Frozen soup providers are focusing on adding new flavours to attract more consumers and improve their revenue generation capacity.

• In June 2021, Pasta Too, a renowned Italian restaurant based in Bethel Park, United States, announced the addition of its famous Italian wedding soup to its retail offerings that the restaurant has been serving for decades. The soup was launched in a 24-ounce pack and is made from authentic Italian recipes followed by the restaurant for years now since 1983.

Report Attributes	Details
Frozen Soup Market Size (2023)	US$ 128.62 Million
Projected Market Value (2033F)	US$ 241.43 Million
Global Market Growth Rate (2023 to 2033)	6.5% CAGR
United States Market Value (2033)	US$ 75.32 Million
South Korea Market Growth Rate (2023 to 2033)	4.2% CAGR
Japan Market Value (2033F)	US$ 7.48 Million
United States Market Growth Rate (2023 to 2033)	6.6% CAGR
China Market Value (2033F)	US$ 49.25 Million
Key Companies Profiled	Campbell Soup Co. The Kraft Heinz Co. Conagra Brands Inc. Tabatchnick Fine Foods Inc. Phillips Foods Inc. Kettle Cuisine LLC

How Can Start-ups Successfully Penetrate the Frozen Foods Industry?

“New Companies Focusing on Making Fresh Tasting Frozen Foods”

Frozen foods have often been associated with bland taste and low nutrient value, which was a fact in the past but, now incoming frozen food suppliers are changing this by making healthier and nutrient-dense products. Aspiring frozen soup manufacturers are launching such fresh-tasting products and trying to up their sales potential to compete with established market players.

• In June 2022, Soupologie, a renowned name in the vegan soup space based in the United Kingdom, announced the launch of its new Souper Cubes range. The new product offers consumers 6 frozen cubes of fresh soup and was made available in two best-selling flavors. The cubes were created to offer a fresh taste while minimizing food waste and maximizing convenience for consumers.

New frozen soup vendors are also focusing on bringing global flavors to their offerings and are also adding new unique products that allow them to improve their business potential and stay competitive in the global landscape. Companies are also expected to focus on raising new capital to fund their business expansion and development efforts to compete with renowned frozen soup suppliers going forward.

• In July 2022, Xiao Chi Jie, a start-up providing frozen Chinese street food and other delicacies, announced that it had raised US$ 10 million in a Series A funding round that was led by Imaginary Ventures. The direct-to-consumer brand is known for shipping frozen soup dumplings, noodle kits, and other products.

Start-ups can benefit by learning more about aspects such as local supply, pricing trends, product standards, safety regulations, and new developments that have been discussed extensively in this frozen soup industry study by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Country-wise Insights

Why Should Frozen Soup Suppliers Invest in China?

“Rising Disposable Income and High Demand for Imported Frozen Food Products”

China is witnessing rapid urbanization just like other Asian countries and this has influentially changed consumer preferences and eating habits of people as well. A hike in per capita disposable income has encouraged middle-class consumers to spend on imported and branded convenience products to make their lives more comfortable.

• Shipments of frozen soup in China are extrapolated to increase at an astronomical 6.2% CAGR over the next ten years and secure a valuation of US$ 49.25 million by the end of 2033.

High availability of frozen foods with traditional Chinese flavors, expansion of the food industry, high availability of novel frozen food offerings, and soaring demand in lower-tier cities are other factors that influence frozen soup consumption in China over the coming years. Japan, South Korea, and India are anticipated to emerge as other lucrative markets in the APAC region, which are governed by similar factors that affect the market in China.

What’s Supporting Frozen Soup Consumption Growth in the United States?

“Changing Lifestyle Choices – Key Factor Influencing Market Growth”

The United States is anticipated to emerge as a highly remunerative space in the North American region owing to evolving lifestyle choices and changing consumer preferences. The growing prevalence of lifestyle disorders such as diabetes and obesity is also favoring the consumption of healthy food products such as salads, fat-free soups, and smoothies.

• Sales of frozen soup in the United States are extrapolated to account for a valuation of US$ 146.12 million by the end of the forecast period.

Increasing awareness regarding the ill effects of high levels of sodium and synthetic preservatives found in canned soup products is also a major factor that is driving frozen soup consumption in the country. Growing focus on fitness, increasing aging population, high availability of ready-to-eat soups, and frequent launch of new frozen food products are other factors that could benefit frozen soup shipments over the next ten years.

What Sets the United Kingdom Market Apart from the Rest of Europe?

“Swift Ascension in Vegan Population – Prime Distinguishing Factor”

The number of vegans in the United Kingdom has been increasing in recent years, which is what makes it a highly lucrative space for plant-based and vegan product providers. Low-fat vegetable soup, frozen tomato soup, and frozen carrot and coriander soup are expected to witness high demand in the country through 2033.

• As per an article published on the World Population Review website, the United Kingdom is home to more vegans than any other country in the world.

Growing awareness regarding the benefits associated with veganism, changing consumer preferences, increasing focus on health and fitness, and increasing influence of promotional campaigns by frozen soup brands are other prospects that could potentially augment frozen soup consumption in the country throughout the forecast period and beyond.

• Frozen soup demand in the United Kingdom is forecasted to rise at a stellar 6% CAGR across the forecast period to attain a revenue value of US$ 25.1 million by 2033-end.

Category-wise Insights

For Which Frozen Soup is Consumer Preference and Demand High?

“Vegetarian Classic Soups – Maintaining their Popularity as Consumer Favorite”

The frozen soup market is segmented based on product type and further classified as traditional frozen soup, light frozen soup, vegetarian classics frozen soup, non-vegetarian frozen soup, organic frozen soup, noodle frozen soup, and others.

The number of people adopting plant-based and vegan diets has been increasing rapidly in recent years and is projected to continue down the same path across the forecast period as well. The aforementioned factor coupled with rising awareness regarding the benefits of vegetarian diets and a high focus on fitness are also anticipated to uplift the demand for vegetarian classic frozen soup in the future.

• Sales of vegetarian classic frozen soup are projected to rise at a positive 5.9% CAGR over the next ten years.

Vegetarian soups are rich in vitamins, minerals, and other essential nutrients that contribute to a healthy lifestyle, which is why they have always been popular among health-conscious consumers and are slated to continue to do so over the coming years as well.

Frozen Soup Sales through Which Channels Will Inch Ahead of Others?

“Wholesale Distributors – Calling the Shots in the Global Landscape”

Based on sales channel, the frozen soup market is segmented into wholesale/distributors/direct, supermarkets/hypermarkets, convenience stores, online retailers, and other retail formats.

Commercial demand for frozen soup is soaring high around the world and this trend is projected to influentially swing the ball in favor of wholesale and direct distributors. The growing popularity of food delivery channels and an increasing number of online food purchases are also estimated to uplift frozen soup sales via wholesale channels in the future.

• Over the next ten years, frozen soup sales via wholesale/distributor/direct channels are extrapolated to increase at 6% CAGR.

Increasing focus on health and fitness coupled with the high availability of frozen food products are estimated to boost frozen soup shipments via end-user-driven channels such as hypermarkets and convenience stores.

Competitive Landscape:

Prime frozen soup manufacturers are focusing on expanding their soup ranges by launching new products featuring the addition of new flavors and ingredients.

• In November 2022, Brakes, a renowned food service wholesaler based in the United Kingdom, announced the launch of its new line of frozen soups under its Sysco Classic brand. The range included four varieties of soups that are suitable for vegans and come in 275-gram pouches.

Key Segments of Frozen Soup Industry Research

• By Product Type :

  • Traditional Frozen Soup
  • Light Frozen Soup
  • Vegetarian Classics Frozen Soup
  • Non Vegetarian Frozen Soup
  • Organic Frozen Soup
  • Noodle Frozen Soup
  • Others

• By Sales Channel :

  • Wholesale/Distributors/Direct
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Retailers
  • Other Retail Formats

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA