Soups and Broths Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the global Soups and Broths Market. This report provides an in-depth analysis of key market dynamics such as drivers, trends, opportunities, and challenges, offering detailed insights into the market structure. The publication presents exclusive data and statistics outlining the projected growth trajectory of the global soups and broths market from 2024 to 2031.

Key Insights:

Soups and Broths Market Size (2024E): USD 9.7 Billion
Projected Market Value (2031F): USD 12.5 Billion
Global Market Growth Rate (CAGR 2024 to 2031): 3.7%

Soups and Broths Market - Report Scope:

Soups and broths are integral components of global cuisines, with diverse applications in both traditional meals and contemporary culinary innovations. This market encompasses ready-to-eat soups, instant soups, broths, and concentrates, catering to various consumer needs, from quick meals to gourmet products. The demand for soups and broths has been growing due to the rise in convenience food consumption, an increase in health-conscious eating, and the expanding variety of soup and broth formulations, such as plant-based and low-sodium options.

Market Growth Drivers:

Several factors are propelling the growth of the soups and broths market. A key driver is the increasing consumer preference for convenience foods, particularly ready-to-serve soups and broths that offer quick meal solutions for busy lifestyles. The growing trend towards health-conscious eating is also contributing to market growth, as consumers seek out options that are low in calories, fat, and sodium while offering nutritional benefits like high protein and vitamins. Additionally, the rising popularity of plant-based and vegan diets has created a surge in demand for plant-based soups and broths, contributing to the diversification of product offerings. The global expansion of organized retail chains, along with the availability of soups and broths in online markets, is further enhancing product accessibility.

Market Restraints:

Despite the promising growth, the soups and broths market faces challenges. One significant restraint is the rising costs of raw materials, such as vegetables, herbs, and animal-based products, which may increase the final product price. This could limit affordability for price-sensitive consumers, especially in emerging markets. Additionally, concerns over the high sodium content in many traditional soups and broths may hinder their appeal among health-conscious consumers. Regulatory concerns and consumer demand for transparency regarding product ingredients, such as the inclusion of preservatives or artificial flavors, also represent challenges for manufacturers. Addressing these concerns through product innovation and cleaner formulations will be crucial to maintaining market growth.

Market Opportunities:

The soups and broths market presents substantial opportunities driven by changing consumer preferences and emerging culinary trends. The increasing interest in personalized nutrition and functional foods presents a strong opportunity for brands to develop customized soup and broth options that cater to specific dietary needs, such as gluten-free, high-protein, or keto-friendly products. The rise of international flavors and gourmet products offers new avenues for premium offerings, especially in the retail and foodservice sectors. Additionally, the growing popularity of meal kit delivery services and food delivery apps has spurred demand for soup and broth as part of meal bundles. Strategic partnerships with health and wellness brands and investments in product innovation, such as the inclusion of organic or superfood ingredients, are key to capitalizing on these opportunities.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the global soups and broths market?
Which types of soups and broths are most popular among consumers, and how are preferences shifting?
How are plant-based soups and broths reshaping the competitive landscape of the market?
Who are the key players in the soups and broths market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global soups and broths market?

Competitive Intelligence and Business Strategy:

Leading players in the soups and broths market, including Campbell Soup Company, Nestle S.A., Kraft Heinz Company, and Unilever, are focusing on product innovation, sustainability, and expanding their market presence through strategic acquisitions and partnerships. These companies are investing heavily in developing new formulations, including low-sodium, organic, and plant-based soups and broths, to cater to the growing demand for healthier and environmentally friendly products. Additionally, these companies are prioritizing packaging innovations, such as eco-friendly and single-serve packaging, to appeal to environmentally conscious consumers. Partnerships with food delivery services and retail chains are helping to enhance product visibility and improve distribution networks globally. These strategies are essential for companies aiming to strengthen their position in the competitive soups and broths market.

Key Companies Profiled:

Campbell Soup Co.
General Mills, Inc.
Conagra Brands, Inc.
Amy's
Trader Joe's
The Hain Celestial Group, Inc.
The Kraft Heinz Company
Knorr
Compass Group USA Inc
Baxters
Juanitas

Market Taxonomy

Product Type

Traditional
Light
Vegetarian Classics
Non Vegetarian
Organic
Noodle

Ingredient

Tomato
Beans
Chicken
Beef
Broths
Artichokes
Mixed Vegetables

Sales Channel

Wholesales/ Distributor/ Direct
Supermarket/Hypermarket
Convenience Store
Online Retailers

Region

North America
Latin America
Europe
Japan
Asia Pacific excluding Japan
Middle East and Africa

Product Code: PMRREP18640

1. Executive Summary

2. Global Soups and Broths Market Overview

2.1. Introduction
- 2.1.1. Global Soups and Broths Market Taxonomy
- 2.1.2. Global Soups and Broths Market Definition
2.2. Global Soups and Broths Market Size (US$ Bn) and Forecast, 2024-2033
- 2.2.1. Global Soups and Broths Market Y-o-Y Growth
2.3. Global Soups and Broths Market Dynamics
2.4. Supply Chain
2.5. Market Opportunities
2.6. Product Innovations
2.7. Pricing Analysis
2.8. Trade Analysis
2.9. Key Participants in the Market By Region

3. Global Soups and Broths Market Analysis and Forecast By Product Type

3.1. Global Soups and Broths Market Size and Forecast By Product Type, 2024-2033
- 3.1.1. Traditional Market Size and Forecast, 2024-2033
  - 3.1.1.1. Revenue (US$ Bn) Comparison, By Region
  - 3.1.1.2. Market Share Comparison, By Region
  - 3.1.1.3. Y-o-Y growth Comparison, By Region
- 3.1.2. Light Market Size and Forecast, 2024-2033
  - 3.1.2.1. Revenue (US$ Bn) Comparison, By Region
  - 3.1.2.2. Market Share Comparison, By Region
  - 3.1.2.3. Y-o-Y growth Comparison, By Region
- 3.1.3. Vegetarian Classics Market Size and Forecast, 2024-2033
  - 3.1.3.1. Revenue (US$ Bn) Comparison, By Region
  - 3.1.3.2. Market Share Comparison, By Region
  - 3.1.3.3. Y-o-Y growth Comparison, By Region
- 3.1.4. Non Vegetarian Market Size and Forecast, 2024-2033
  - 3.1.4.1. Revenue (US$ Bn) Comparison, By Region
  - 3.1.4.2. Market Share Comparison, By Region
  - 3.1.4.3. Y-o-Y growth Comparison, By Region
- 3.1.5. Organic Market Size and Forecast, 2024-2033
  - 3.1.5.1. Revenue (US$ Bn) Comparison, By Region
  - 3.1.5.2. Market Share Comparison, By Region
  - 3.1.5.3. Y-o-Y growth Comparison, By Region
- 3.1.6. Noodle Market Size and Forecast, 2024-2033
  - 3.1.6.1. Revenue (US$ Bn) Comparison, By Region
  - 3.1.6.2. Market Share Comparison, By Region
  - 3.1.6.3. Y-o-Y growth Comparison, By Region
- 3.1.7. Other Product Types Market Size and Forecast, 2024-2033
  - 3.1.7.1. Revenue (US$ Bn) Comparison, By Region
  - 3.1.7.2. Market Share Comparison, By Region
  - 3.1.7.3. Y-o-Y growth Comparison, By Region

4. Global Soups and Broths Market Analysis and Forecast By Ingredient

4.1. Global Soups and Broths Market Size and Forecast By Ingredient, 2024-2033
- 4.1.1. Tomato Market Size and Forecast, 2024-2033
  - 4.1.1.1. Revenue (US$ Bn) Comparison, By Region
  - 4.1.1.2. Market Share Comparison, By Region
  - 4.1.1.3. Y-o-Y growth Comparison, By Region
- 4.1.2. Beans Market Size and Forecast, 2024-2033
  - 4.1.2.1. Revenue (US$ Bn) Comparison, By Region
  - 4.1.2.2. Market Share Comparison, By Region
  - 4.1.2.3. Y-o-Y growth Comparison, By Region
- 4.1.3. Chicken Market Size and Forecast, 2024-2033
  - 4.1.3.1. Revenue (US$ Bn) Comparison, By Region
  - 4.1.3.2. Market Share Comparison, By Region
  - 4.1.3.3. Y-o-Y growth Comparison, By Region
- 4.1.4. Beef Market Size and Forecast, 2024-2033
  - 4.1.4.1. Revenue (US$ Bn) Comparison, By Region
  - 4.1.4.2. Market Share Comparison, By Region
  - 4.1.4.3. Y-o-Y growth Comparison, By Region
- 4.1.5. Broths Market Size and Forecast, 2024-2033
  - 4.1.5.1. Revenue (US$ Bn) Comparison, By Region
  - 4.1.5.2. Market Share Comparison, By Region
  - 4.1.5.3. Y-o-Y growth Comparison, By Region
- 4.1.6. Artichokes Market Size and Forecast, 2024-2033
  - 4.1.6.1. Revenue (US$ Bn) Comparison, By Region
  - 4.1.6.2. Market Share Comparison, By Region
  - 4.1.6.3. Y-o-Y growth Comparison, By Region
- 4.1.7. Mixed Vegetables Market Size and Forecast, 2024-2033
  - 4.1.7.1. Revenue (US$ Bn) Comparison, By Region
  - 4.1.7.2. Market Share Comparison, By Region
  - 4.1.7.3. Y-o-Y growth Comparison, By Region
- 4.1.8. Other Ingredients Market Size and Forecast, 2024-2033
  - 4.1.8.1. Revenue (US$ Bn) Comparison, By Region
  - 4.1.8.2. Market Share Comparison, By Region
  - 4.1.8.3. Y-o-Y growth Comparison, By Region

5. Global Soups and Broths Market Analysis and Forecast By Sales Channel

5.1. Global Soups and Broths Market Size and Forecast By Sales Channel, 2024-2033
- 5.1.1. Wholesales/ Distributor/ Direct Market Size and Forecast, 2024-2033
  - 5.1.1.1. Revenue (US$ Bn) Comparison, By Region
  - 5.1.1.2. Market Share Comparison, By Region
  - 5.1.1.3. Y-o-Y growth Comparison, By Region
- 5.1.2. Supermarket/Hypermarket Market Size and Forecast, 2024-2033
  - 5.1.2.1. Revenue (US$ Bn) Comparison, By Region
  - 5.1.2.2. Market Share Comparison, By Region
  - 5.1.2.3. Y-o-Y growth Comparison, By Region
- 5.1.3. Convenience Store Market Size and Forecast, 2024-2033
  - 5.1.3.1. Revenue (US$ Bn) Comparison, By Region
  - 5.1.3.2. Market Share Comparison, By Region
  - 5.1.3.3. Y-o-Y growth Comparison, By Region
- 5.1.4. Online Retailers Market Size and Forecast, 2024-2033
  - 5.1.4.1. Revenue (US$ Bn) Comparison, By Region
  - 5.1.4.2. Market Share Comparison, By Region
  - 5.1.4.3. Y-o-Y growth Comparison, By Region
- 5.1.5. Other Retail Format Market Size and Forecast, 2024-2033
  - 5.1.5.1. Revenue (US$ Bn) Comparison, By Region
  - 5.1.5.2. Market Share Comparison, By Region
  - 5.1.5.3. Y-o-Y growth Comparison, By Region

6. Global Soups and Broths Market Analysis and Forecast By Region

6.1. Global Soups and Broths Market Size and Forecast, 2024-2033
- 6.1.1. North America Soups and Broths Market Size and Forecast, 2024-2033
  - 6.1.1.1. Revenue (US$ Bn) Comparison, By Product Type
  - 6.1.1.2. Revenue (US$ Bn) Comparison, By Ingredient
  - 6.1.1.3. Revenue (US$ Bn) Comparison, By Sales Channel
- 6.1.2. Latin America Soups and Broths Market Size and Forecast, 2024-2033
  - 6.1.2.1. Revenue (US$ Bn) Comparison, By Product Type
  - 6.1.2.2. Revenue (US$ Bn) Comparison, By Ingredient
  - 6.1.2.3. Revenue (US$ Bn) Comparison, By Sales Channel
- 6.1.3. Europe Soups and Broths Market Size and Forecast, 2024-2033
  - 6.1.3.1. Revenue (US$ Bn) Comparison, By Product Type
  - 6.1.3.2. Revenue (US$ Bn) Comparison, By Ingredient
  - 6.1.3.3. Revenue (US$ Bn) Comparison, By Sales Channel
- 6.1.4. Japan Soups and Broths Market Size and Forecast, 2024-2033
  - 6.1.4.1. Revenue (US$ Bn) Comparison, By Product Type
  - 6.1.4.2. Revenue (US$ Bn) Comparison, By Ingredient
  - 6.1.4.3. Revenue (US$ Bn) Comparison, By Sales Channel
- 6.1.5. APEJ Soups and Broths Market Size and Forecast, 2024-2033
  - 6.1.5.1. Revenue (US$ Bn) Comparison, By Product Type
  - 6.1.5.2. Revenue (US$ Bn) Comparison, By Ingredient
  - 6.1.5.3. Revenue (US$ Bn) Comparison, By Sales Channel
- 6.1.6. MEA Soups and Broths Market Size and Forecast, 2024-2033
  - 6.1.6.1. Revenue (US$ Bn) Comparison, By Product Type
  - 6.1.6.2. Revenue (US$ Bn) Comparison, By Ingredient
  - 6.1.6.3. Revenue (US$ Bn) Comparison, By Sales Channel

7. North America Soups and Broths Market Analysis and Forecast, By Country, 2024-2033

7.1. US Soups and Broths Market Size and Forecast, 2024-2033
- 7.1.1. Revenue (US$ Bn) Comparison, By Product Type
- 7.1.2. Revenue (US$ Bn) Comparison, By Ingredient
- 7.1.3. Revenue (US$ Bn) Comparison, By Sales Channel
7.2. Canada Soups and Broths Market Size and Forecast, 2024-2033
- 7.2.1. Revenue (US$ Bn) Comparison, By Product Type
- 7.2.2. Revenue (US$ Bn) Comparison, By Ingredient
- 7.2.3. Revenue (US$ Bn) Comparison, By Sales Channel

8. Latin America oups and Broths Market Analysis and Forecast, By Country, 2024-2033

8.1. Brazil Soups and Broths Market Size and Forecast, 2024-2033
- 8.1.1. Revenue (US$ Bn) Comparison, By Product Type
- 8.1.2. Revenue (US$ Bn) Comparison, By Ingredient
- 8.1.3. Revenue (US$ Bn) Comparison, By Sales Channel
8.2. Mexico Soups and Broths Market Size and Forecast, 2024-2033
- 8.2.1. Revenue (US$ Bn) Comparison, By Product Type
- 8.2.2. Revenue (US$ Bn) Comparison, By Ingredient
- 8.2.3. Revenue (US$ Bn) Comparison, By Sales Channel
8.3. Argentina Soups and Broths Market Size and Forecast, 2024-2033
- 8.3.1. Revenue (US$ Bn) Comparison, By Product Type
- 8.3.2. Revenue (US$ Bn) Comparison, By Ingredient
- 8.3.3. Revenue (US$ Bn) Comparison, By Sales Channel

9. Europe Soups and Broths Market Analysis and Forecast, By Country, 2024-2033

9.1. Germany Soups and Broths Market Size and Forecast, 2024-2033
- 9.1.1. Revenue (US$ Bn) Comparison, By Product Type
- 9.1.2. Revenue (US$ Bn) Comparison, By Ingredient
- 9.1.3. Revenue (US$ Bn) Comparison, By Sales Channel
9.2. UK Soups and Broths Market Size and Forecast, 2024-2033
- 9.2.1. Revenue (US$ Bn) Comparison, By Product Type
- 9.2.2. Revenue (US$ Bn) Comparison, By Ingredient
- 9.2.3. Revenue (US$ Bn) Comparison, By Sales Channel
9.3. France Soups and Broths Market Size and Forecast, 2024-2033
- 9.3.1. Revenue (US$ Bn) Comparison, By Product Type
- 9.3.2. Revenue (US$ Bn) Comparison, By Ingredient
- 9.3.3. Revenue (US$ Bn) Comparison, By Sales Channel
9.4. Spain Soups and Broths Market Size and Forecast, 2024-2033
- 9.4.1. Revenue (US$ Bn) Comparison, By Product Type
- 9.4.2. Revenue (US$ Bn) Comparison, By Ingredient
- 9.4.3. Revenue (US$ Bn) Comparison, By Sales Channel
9.5. Italy Soups and Broths Market Size and Forecast, 2024-2033
- 9.5.1. Revenue (US$ Bn) Comparison, By Product Type
- 9.5.2. Revenue (US$ Bn) Comparison, By Ingredient
- 9.5.3. Revenue (US$ Bn) Comparison, By Sales Channel
9.6. Nordic Soups and Broths Market Size and Forecast, 2024-2033
- 9.6.1. Revenue (US$ Bn) Comparison, By Product Type
- 9.6.2. Revenue (US$ Bn) Comparison, By Ingredient
- 9.6.3. Revenue (US$ Bn) Comparison, By Sales Channel

10. Japan Soups and Broths Market Analysis and Forecast, By Country, 2024-2033

10.1. Japan Soups and Broths Market Size and Forecast, 2024-2033
- 10.1.1. Revenue (US$ Bn) Comparison, By Product Type
- 10.1.2. Revenue (US$ Bn) Comparison, By Ingredient
- 10.1.3. Revenue (US$ Bn) Comparison, By Sales Channel

11. APEJ Soups and Broths Market Analysis and Forecast, By Country, 2024-2033

11.1. China Soups and Broths Market Size and Forecast, 2024-2033
- 11.1.1. Revenue (US$ Bn) Comparison, By Product Type
- 11.1.2. Revenue (US$ Bn) Comparison, By Ingredient
- 11.1.3. Revenue (US$ Bn) Comparison, By Sales Channel
11.2. India Soups and Broths Market Size and Forecast, 2024-2033
- 11.2.1. Revenue (US$ Bn) Comparison, By Product Type
- 11.2.2. Revenue (US$ Bn) Comparison, By Ingredient
- 11.2.3. Revenue (US$ Bn) Comparison, By Sales Channel
11.3. Malaysia Soups and Broths Market Size and Forecast, 2024-2033
- 11.3.1. Revenue (US$ Bn) Comparison, By Product Type
- 11.3.2. Revenue (US$ Bn) Comparison, By Ingredient
- 11.3.3. Revenue (US$ Bn) Comparison, By Sales Channel
11.4. Thailand Soups and Broths Market Size and Forecast, 2024-2033
- 11.4.1. Revenue (US$ Bn) Comparison, By Product Type
- 11.4.2. Revenue (US$ Bn) Comparison, By Ingredient
- 11.4.3. Revenue (US$ Bn) Comparison, By Sales Channel
11.5. Singapore Soups and Broths Market Size and Forecast, 2024-2033
- 11.5.1. Revenue (US$ Bn) Comparison, By Product Type
- 11.5.2. Revenue (US$ Bn) Comparison, By Ingredient
- 11.5.3. Revenue (US$ Bn) Comparison, By Sales Channel
11.6. Australia Soups and Broths Market Size and Forecast, 2024-2033
- 11.6.1. Revenue (US$ Bn) Comparison, By Product Type
- 11.6.2. Revenue (US$ Bn) Comparison, By Ingredient
- 11.6.3. Revenue (US$ Bn) Comparison, By Sales Channel

12. MEA Soups and Broths Market Analysis and Forecast, By Country, 2024-2033

12.1. GCC Countries Soups and Broths Market Size and Forecast, 2024-2033
- 12.1.1. Revenue (US$ Bn) Comparison, By Product Type
- 12.1.2. Revenue (US$ Bn) Comparison, By Ingredient
- 12.1.3. Revenue (US$ Bn) Comparison, By Sales Channel
12.2. South Africa Soups and Broths Market Size and Forecast, 2024-2033
- 12.2.1. Revenue (US$ Bn) Comparison, By Product Type
- 12.2.2. Revenue (US$ Bn) Comparison, By Ingredient
- 12.2.3. Revenue (US$ Bn) Comparison, By Sales Channel
12.3. Nigeria Soups and Broths Market Size and Forecast, 2024-2033
- 12.3.1. Revenue (US$ Bn) Comparison, By Product Type
- 12.3.2. Revenue (US$ Bn) Comparison, By Ingredient
- 12.3.3. Revenue (US$ Bn) Comparison, By Sales Channel
12.4. Israel Soups and Broths Market Size and Forecast, 2024-2033
- 12.4.1. Revenue (US$ Bn) Comparison, By Product Type
- 12.4.2. Revenue (US$ Bn) Comparison, By Ingredient
- 12.4.3. Revenue (US$ Bn) Comparison, By Sales Channel

13. Global Soups and Broths Market Company Share, Competition Landscape and Company Profiles

13.1. Company Share Analysis
13.2. Competition Landscape
13.3. Company Profiles
- 13.3.1. Campbell Soup Co.
- 13.3.2. General Mills, Inc.
- 13.3.3. Conagra Brands, Inc.
- 13.3.4. Amy's
- 13.3.5. Trader Joe's
- 13.3.6. The Hain Celestial Group, Inc.
- 13.3.7. The Kraft Heinz Company
- 13.3.8. Knorr
- 13.3.9. Compass Group USA Inc
- 13.3.10. Baxters
- 13.3.11. Juanitas