PUBLISHER: MarketLine | PRODUCT CODE: 1564108
PUBLISHER: MarketLine | PRODUCT CODE: 1564108
Global Soups industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The soups market consists of the retail sale of ambient soup, dried soup (mixes), chilled soup, UHT soup and frozen soup products. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2023 exchange rates.
The global Soups market had total revenues of $21,927.7 million in 2023, representing a compound annual growth rate (CAGR) of 7.3% between 2018 and 2023.
Market consumption volume increased with a CAGR of 4.1% between 2018 and 2023, to reach a total of 3,443.1 million kilograms in 2023.
The performance of the market is forecast to decelerate, with an anticipated CAGR of 5.5% for the five-year period 2023-28, which is expected to drive the market to a value of $28,629.3 million by the end of 2028.