Asia Pacific Packaged Soup Market By Product Type (Dried and Wet), By Distribution Channel (Supermarket/Hypermarket, Convenience store, Food service, Online store and others), By Packaging (Packets, Canned and Bottles), By End User (Household Sector and Commercial Sector), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Asia Pacific Packaged Soup Market would witness market growth of 12.8% CAGR during the forecast period (2020-2026). Over the last few years, the packaged soup market has witnessed massive popularity. Many factors contribute to this massive rise in demand for packaged soup across the world. These factors include busy lifestyles, rapid urbanization, and a huge demand for packaged and ready-to-consumer food products from the population living in urban regions.
The market is boosted by the rising demand for convenience food. Moreover, the demand for packaged soups increases exponentially with the rise in awareness regarding the health advantages of soups. Soups have a rich content of nutrients, protein, vitamins, and minerals. The market is further driven by changing consumer lifestyles towards the consumption of healthy food items.
A liquid food served as a quick hot meal generally known as soup. Soup offers various health advantages due to the presence of various health-giving ingredients such as vegetables, beans, lentils, or meat that makes it a complete package of nutrients, vitamins, and minerals. In addition to preventing stomach infection, soup aids in increasing immunity levels and ensures healthy digestion.
The demand for soup is boosted by the increase in urbanization, disposable income, and the launch of innovative and unique flavors. Furthermore, the health benefits of processed food and the global increase in the working population are driving market. Additionally, the modern era has seen a rapid shift of the rural population to the urban regions. This phenomenon is especially occurring in emerging countries of the Asia Pacific such as India and China, thereby boosting the packaged soup market during the forecast period.
Based on Product Type, the market is segmented into Dried and Wet. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Convenience store, Food service, Online store and others. Based on Packaging, the market is segmented into Packets, Canned and Bottles. Based on End User, the market is segmented into Household Sector and Commercial Sector. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Hain Celestial Group, Inc., Conagra Brands, Inc., Nestle S.A., General Mills, Inc., Campbell Soup Company, B&G Foods, Inc., Ajinomoto Co., Inc., Unilever PLC, The Kraft Heinz Company and Kettle Cuisine LLC.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
By Distribution Channel
- Convenience store
- Food service
- Online store
By End User
- Household Sector
- Commercial Sector
- South Korea
- Rest of Asia Pacific
- The Hain Celestial Group, Inc.
- Conagra Brands, Inc.
- Nestle S.A.
- General Mills, Inc.
- Campbell Soup Company
- B&G Foods, Inc.
- Ajinomoto Co., Inc.
- Unilever PLC
- The Kraft Heinz Company
- Kettle Cuisine LLC
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