Low Fat Soups: Market outlook
Low fat soups market is all set to grow in the food & beverage sector over the forecast period backed by a rising preference for low fat food among the consumers. Along with this, increasing innovative flavors in low fat soup and rising consumption of quick snacks in urban areas boost the demand for low fat soup in the global market.
Population of all ages is willing to consume low fat with rich nutritious food for long term health benefits. From the past few years, 30% of the global population age group of 30 to 40 years facing the overweight problem.
Which led to increasing heart diseases, stroke, blood pressure, and diabetes. Therefore consumers searching for low fat food for their diet practices. For them, low fat soup is a portion of ideal food with numerous health benefits. Hence population from all ages is willing to consume low fat soup at least twice in a week.
Low fat soups prepared by different vegetables are a rich source of Vitamin A, B, C, D and K, Fibers. Which gives numerous health benefits like good digestion, helps to repair and growing bone helps in liver detox, good sleep, healthy skin and many more. Therefore nutritionists promote the consumption of low fat soup in diet plan.
Due to this COVID-19, a large number of the population in the world is conscious about to consume the food which strengthens their immunity power.
Ingredients in low fat soup like ginger, garlic, lemon, fennel, and parsley, etc. boost the immunity of consumers. It also helps to overcome throat-related problems. Therefore consumer increasing low fat soup consumption. Because of this reason low fat soup sales experience a sudden hike in the global market.
Low fat soups taking enormous growth due to the influence of vegan diet practices. Global vegan population has seen a rise of 580% in five year time period and the number still increasing. This will directly influence the demand for low fat soup in the forecast period.
Intensifying growth in Low Fat Soup Market by rising consumption in the urban market:
Buying behavior of urban consumers are changing from several years, because of rising standard of living and purchasing power priority. According to World Bank data, 55% of population living in urban area.
Due to increasing urbanization, lining requirements in urban communities have had a significant impact. Changes are their buying focus and they are able to spend more in easy foods and balanced foods. Under this umbrella, low fat soup comes and provides tremendous verity in flavors. The acceptance of low fat soup in urban populations is steadily growing.
Increasing peers publicity about the benefits of consuming low fat soup on the urban market has led to an increase in awareness of low fat soup. Celebrity endorsement to promote low fat soup supports the advertising factor of peers in the way to influence urban consumers. Henceforth the acceptance and consumption of low fat soup in urban market majorly drive demand for global low fat soup market.
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Low Fat soups Market: Key Players
Some of the key players operating their business in the global low fat soups market are:
- General mills (USA)
- Unilever (USA)
- Conagra Brands (USA)
- Campbell Soup Company (USA)
- The Kraft Heinz Company (USA)
- Premier Foods (U.K.)
- Quattro Foods (UK)
- Bear Creek Country Kitchens LLC (U.S.)
- Associated British Foods PLC (U.K.)
- Nestlé (Switzerland)
- AMY's Kitchen Inc. (U.S.)
These are the key players driving market demand for low fat soups and they are investing more on research and development activities.
Low Fat Soups Market: Regional Analysis
North America region dominates the global low fat soup market, US and Canada region led to the developing market growth. Due to the wave of veganism in this region impact on low fat soup market. Climate condition is also one of the supportive factor to increasing consumption of low fat soup in North American region.
APAC region showing attractive market opportunity for low fat soup market. Greater China, India, Japan and Australia drive the market in this region. Increasing living standards in urban areas, acceptance of new products and flavors are the driving force of the manufacturer to grow the company in this region.
The low fat soup market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the vegan vegetable broth market, including but not limited to: product type, packaging and sales channels.
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The study is a source of reliable data on:
- Low fat soups market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The low fat soups market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the vegan vegetable broth market report projects the attractiveness of each major segment over the forecast period.
An Adaptive Approach to Modern-day Research Needs
Highlights of the low fat soups market report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the low fat soups market
- Recommendations to companies for strengthening their foothold in the low fat soups market
Low Fat soups: Market Segmentation
On the basis of the product type, global low fat soups market can be segmented as:
- Condensed Soups
- Ready-to-eat Soups
- Dehydrated/dry Soups
On the basis of the packaging, global low fat soups market can be segmented as:
- Packets/ Sachets
On the basis of the sales channels, global low fat soups market can be segmented as:
- Supermarkets / hypermarkets
- Convenience stores
- Specialty stores
- Online Stores
NOTE - Although care has been taken to maintain the highest levels of accuracy in Fact.MR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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