The U.S. soup market size is expected to reach USD
7,697.1 million by 2025, according to a new report by Grand View Research, Inc.
Rising awareness about leading healthy and active lifestyle is expected to
propel demand for the product over the forecast period.
Health benefits offered through consumption of
soup is expected drive the growth of the industry. High water content in the
soup results in the decrease of calorie intake, which helps the weight
reduction. In addition, introduction of customized products such as low sodium
and gluten free soups is also boosting the growth of the industry.
The industry exhibits introduction of a number
of soups and broths with added minerals and vegetables in a bid to improve the
nutrition of the product. The products are also being promoted with high
advertisement expenditure in a bid to increase the product sales and revive the
dwindling industry growth in the economy.
The rise of e-commerce portals results in an
ease in the product purchase with companies offering price discounts to their
consumers. In addition, the product has registered an increase in demand from
the on-trade distribution channel such as restaurants and hospitality chains.
Fluctuating cost of raw materials is anticipated to affect the industry growth.
The industry exhibits presence of major
manufacturers operating their business by leveraging extensive product
portfolio and distribution network. The major players in the industry are
engaged in expanding their business through mergers and acquisitions. The
companies also offer discounts and other offers in order to attract more
consumers.
For full research report on U.S. Soup Market
visit here:
https://www.grandviewresearch.com/industry-analysis/us-soup-market
Further key
findings from the report suggest:
- Frozen/refrigerated soup is the fastest
growing segment and is expected to register high growth at a CAGR of 7.2%
from 2017 to 2025, on account of rising awareness and inclination towards
healthy diets
- The demand for the product in the U.S. is
expected to reach a value of USD 7,697.1 million by 2025 on account of
growing urban population, leading to a high demand for ready-to-consume
and packaged food
- The industry in the U.S. is anticipated to
register a CAGR growth of 1.5% by revenue from 2017 to 2025 owing to the
growth in the popularity of the product due to increasing disposable
income and extended shelf-life of the product
- Key players are involved in the production of
different types of product in a bid to drive the industry growth. In
addition, the presence of major manufacturers is expected to limit the
growth opportunities for the emerging players.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/us-soup-market/request/rs1
Grand
View Research has segmented the U.S. soup market on the basis of product, and
distribution channel
Product
Outlook (Revenue, USD Million; 2014 - 2025)
- Ready-to-Eat
- Condensed
- Dry
- Frozen/Refrigerated
- Wet Broths/Stocks
Distribution
Outlook (Revenue; USD Million, 2014 - 2025)
- On-Trade
- Off-Trade
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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