Market Introduction
Soups refers to a liquid that is served warm or cold depending upon the requirement. It is made with the combination of meat or vegetable ingredients with water or stock. The canned soups contain some vitamins and fibers. The nutrient value of such soups vary depending upon the type and the process involved in making the soup. The canned soups are convenient and easier to prepare. One cup of canned soup may contain some amount of fats and preservatives. Fresh or frozen vegetables can be added to canned soups for the purpose of increasing the fiber, vitamin and mineral content of canned soups.
Market Overview and Dynamics
The North America canned soups market is expected to reach US$ 2,388.18 million in 2027 from US$ 1,720.83 million in 2019. The market is anticipated to grow at a CAGR of 4.0 % from 2020 to 2027. Factors driving the market growth include high demand for ready-to-eat food products and high shelf life of canned food products. However, consumer preference for fresh food products and rising concern about environmental pollutions is likely to have a negative impact on the market growth.
Effect of covid-19 on North America canned soups market
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the food and beverages industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. US has the highest number of confirmed cases of the COVID-19 morbidity among all North American countries. This is likely to impact the food and beverages industry in the region due to the disruption of supply and distribution chain in North America. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.
Key Market Segments
The condensed segment accounted for a larger share of the North America canned soups market, by type, in 2019. The non-vegetarian segment accounted for a larger share of the North America canned soups market, by category, in 2019. The regular soup segment accounted for a larger share of the North America canned soups market, by processing, in 2019. The hypermarkets / supermarkets segment accounted for a larger share of the North America canned soups market, by distribution channel, in 2019.
Major Sources and Companies Listed
A few of the major primary and secondary sources referred to while preparing this report on the North America canned soups market include Campbell soup company, Amy’s Kitchen Inc, General Mills Inc., The Kraft Heinz Company, Baxters Food Group, Unilever, Vanee Foods Company, BCI Foods Inc., and Hain Celestial.
Reasons to buy the report
North America Canned soups Market Segmentation
By Type
By Category
By Processing
By Distribution Channel
Company Profiles
By Country
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,720.83 Million |
| Market Size by 2027 | US$ 2,388.18 Million |
| CAGR (2020 - 2027) | 4.0 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Canned Soups Market is valued at US$ 1,720.83 Million in 2019, it is projected to reach US$ 2,388.18 Million by 2027.
As per our report North America Canned Soups Market, the market size is valued at US$ 1,720.83 Million in 2019, projecting it to reach US$ 2,388.18 Million by 2027. This translates to a CAGR of approximately 4.0 % during the forecast period.
The North America Canned Soups Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Canned Soups Market report:
The North America Canned Soups Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Canned Soups Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Canned Soups Market value chain can benefit from the information contained in a comprehensive market report.
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