Chilled Soups Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

PUBLISHED: June 18, 2024

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Description

The global chilled soup market is experiencing a significant upswing, driven by the growing consumer inclination towards frozen foods. This trend has prompted manufacturers to expand their offerings to include not just traditional soups but also frozen confectioneries, yogurts, and other snack alternatives.

Fruit-flavored chilled soups are emerging as a popular category, as manufacturers aim to position these offerings as both healthy and delicious snacks. These are often marketed as drinkable chilled soups, akin to cold press juices, appealing to a health-conscious consumer base. However, there is also a noticeable shift towards vegetable-based and savory soups, spurred by a growing consumer focus on reducing sugar intake.

Retail Innovations Stimulate Market Expansion

A significant portion of chilled soup sales occurs through organized retail formats, which have thrived with the expansion of the global economy. Major retailers like Tesco, Sainsbury's, and Woolworths have introduced their own brands of chilled soups, enhancing consumer choices and accessibility. Supermarkets are leveraging their extensive network to offer a diverse range of soup varieties, thus effectively overcoming challenges related to distribution and shelf life. For instance, Marks and Spencer offers unique varieties such as French Onion, Butternut Squash, and Pea & Ham soup, catering to diverse consumer tastes.

In markets like Brazil and China, where the distribution network for chilled soups is relatively undeveloped, supermarkets are vital in reaching a broader customer base. This retail channel also addresses the issue of chilled soups' lower shelf life, which is typically less than 50 days, by offering improved shelf space and visibility for these products.

Europe Dominates the Market

Europe is positioned as the leader in the chilled soup market, driven by increasing demand for convenient, on-the-go breakfast and snack options. The region's market is anticipated to maintain its dominance, thanks to a robust growth rate and the development of innovative products that cater to busy lifestyles. The U.K. emerges as a critical market within Europe, characterized by a particularly high growth rate.

Market Segmentation Highlights Variety and Accessibility

The market segmentation reflects the industry's response to evolving consumer preferences:

Packaging: Innovations in packaging, such as PET bottles, carton packaging, cups/tubs, and pouches, are enhancing the product appeal and convenience.
Distribution Channels: The market channels include supermarkets/hypermarkets, premium grocery stores, online retail, and direct selling, each playing a crucial role in ensuring product availability across various consumer segments.

Competitive Analysis

The competitive arena of the chilled soup market features prominent players like The Billington Group, The Hain Daniels Group Limited, Soupologie Limited, Sonoma Brands, Tio Gazpacho LLC, Campbell Soup Company, Woolworths Limited, and PepsiCo, Inc. These companies are continually innovating and expanding their product lines to meet the dynamic consumer demands and to strengthen their market presence.

Market Segmentation

By Packaging

Pet Bottles
Carton Packaging
Cups/Tubs
Pouches

By Distribution Channel

Supermarket/Hypermarket
Premium Grocery Stores
Online Retail
Direct Selling

By Region

North America
Latin America
Europe
APAC
MEA

1. Executive Summary

1.1. Global Chilled Soups Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Chilled Soups Market Outlook, 2018 - 2031

3.1. Global Chilled Soups Market Outlook, by Packing Type, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. PET Bottles
  - 3.1.1.2. Carton Packaging
  - 3.1.1.3. Cups/Tubs
  - 3.1.1.4. Pouches
3.2. Global Chilled Soups Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Supermarket/Hypermarket
  - 3.2.1.2. Premium Grocery Stores
  - 3.2.1.3. Online Retail
  - 3.2.1.4. Direct Selling
  - 3.2.1.5. Others
3.3. Global Chilled Soups Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Chilled Soups Market Outlook, 2018 - 2031

4.1. North America Chilled Soups Market Outlook, by Packing Type, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. PET Bottles
  - 4.1.1.2. Carton Packaging
  - 4.1.1.3. Cups/Tubs
  - 4.1.1.4. Pouches
4.2. North America Chilled Soups Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Supermarket/Hypermarket
  - 4.2.1.2. Premium Grocery Stores
  - 4.2.1.3. Online Retail
  - 4.2.1.4. Direct Selling
  - 4.2.1.5. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Chilled Soups Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Chilled Soups Market Outlook, 2018 - 2031

5.1. Europe Chilled Soups Market Outlook, by Packing Type, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. PET Bottles
  - 5.1.1.2. Carton Packaging
  - 5.1.1.3. Cups/Tubs
  - 5.1.1.4. Pouches
5.2. Europe Chilled Soups Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Supermarket/Hypermarket
  - 5.2.1.2. Premium Grocery Stores
  - 5.2.1.3. Online Retail
  - 5.2.1.4. Direct Selling
  - 5.2.1.5. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Chilled Soups Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Chilled Soups Market Outlook, 2018 - 2031

6.1. Asia Pacific Chilled Soups Market Outlook, by Packing Type, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. PET Bottles
  - 6.1.1.2. Carton Packaging
  - 6.1.1.3. Cups/Tubs
  - 6.1.1.4. Pouches
6.2. Asia Pacific Chilled Soups Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Supermarket/Hypermarket
  - 6.2.1.2. Premium Grocery Stores
  - 6.2.1.3. Online Retail
  - 6.2.1.4. Direct Selling
  - 6.2.1.5. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Chilled Soups Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Chilled Soups Market Outlook, 2018 - 2031

7.1. Latin America Chilled Soups Market Outlook, by Packing Type, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. PET Bottles
  - 7.1.1.2. Carton Packaging
  - 7.1.1.3. Cups/Tubs
  - 7.1.1.4. Pouches
7.2. Latin America Chilled Soups Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Supermarket/Hypermarket
  - 7.2.1.2. Premium Grocery Stores
  - 7.2.1.3. Online Retail
  - 7.2.1.4. Direct Selling
  - 7.2.1.5. Others
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Chilled Soups Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Chilled Soups Market Outlook, 2018 - 2031

8.1. Middle East & Africa Chilled Soups Market Outlook, by Packing Type, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. PET Bottles
  - 8.1.1.2. Carton Packaging
  - 8.1.1.3. Cups/Tubs
  - 8.1.1.4. Pouches
8.2. Middle East & Africa Chilled Soups Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Supermarket/Hypermarket
  - 8.2.1.2. Premium Grocery Stores
  - 8.2.1.3. Online Retail
  - 8.2.1.4. Direct Selling
  - 8.2.1.5. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Chilled Soups Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Chilled Soups Market by Packing Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Chilled Soups Market by Distribution Channel, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. By Packing Type vs by Packing Type Heatmap
9.2. Company Market Share Analysis, 2024
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Campbell Soup Company
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Therapy Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. PepsiCo, Inc.
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Therapy Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. Sonoma Brands
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Therapy Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. Soupologie
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Therapy Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. The Billington Group
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Therapy Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. The Hain Daniels Group Ltd.
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Therapy Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Tio Gazpacho
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Therapy Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Woolworths Group Limited.
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Therapy Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development