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.
Full research report on U.S. soup market analysis:
https://www.grandviewresearch.com/industry-analysis/us-soup-market
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.
View more reports
of this category by Grand View Research at: https://www.grandviewresearch.com/industry/consumer-goods
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
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/us-soup-market-analysis
https://www.grandviewresearch.com/press-release/us-soup-market-analysis
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.
