Soup
is primarily a liquid food that is made by mixing ingredients such as
vegetables and meat with water, juice, stock, or any other edible
liquid, and generally served hot or warm (but can be cold or cool).
Hot soups are characterized by the steaming of solid ingredients in
liquids in a container until it forms a broth into which the flavors
are extracted. Soups are of two kinds primarily: thick soups and
clear soups. Thick soups can be subdivided depending upon the
thickening agent type that is used: purées of vegetable soups,
thickened with starch; puréed shellfish or vegetable-made bisques,
thickened with cream; béchamel sauce, which is used to thicken cream
soups; and butter, eggs, and cream, which are used to thicken
veloutés. Grains, flour, lentils, rice, and eggs are other
ingredients that are generally used to thicken broths and soups.
Soups are like stews, and in some instances there is no clear
difference between them. However, stews generally have less liquid
than soups.
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Packaged
soups are canned for longer shelf life and can be consumed instantly.
They are manufactured for the convenience of consumers and are
readily available in the market. The global packaged soup market is
segmented on the basis of product type, distribution channel, and
geography. On the basis of product type, the global market for
packaged soup is segregated into ready-to-drink soups and
microwavable soups. Ready-to-drink soups can be simply consumed after
heating in a pan. They do not need any liquid to be added in.
Microwavable soups require an addition of water before they are
heated and consumed. Microwavable soup held the dominant market share
in 2015 and is forecasted to witness stable growth rate during the
forecast period. The rise of the working class population and
changing lifestyles are propelling the growth of this segment, as
consumers seek healthy food options that need minimum time for
preparation. On the basis of distribution channels, the global
packaged soup market is divided into the convenience store, cash &
carry store, and supermarket & hypermarket segments. The
supermarket & hypermarket segment held the dominant market share
in 2015 and is forecasted to hold its dominance over the forecast
period. Growth in the organized retail sector globally is a major
propellant of the growth of this segment.
Major
drivers of the global
packaged soup market include increased urbanization in developing
economies, which is inclining consumers to consume convenience foods
that take less time and energy for preparation and yet are healthy.
In addition, increasing investment by global players in start-ups
that manufacture packaged soups is another major driver of the global
market for packaged soups. Rising awareness about the harmful effects
of preservatives that are used in packaged soups for longer shelf
life is a major restraint of the market.
Geographically,
the global packaged soup market is segmented into North America,
Europe, Asia Pacific, Middle East & Africa, and Latin America.
North America held the dominant market share in 2015. This is
attributed to the large number of consumers who prefer convenience
food products that can be quickly prepared. Asia Pacific is the
rapidly growing region in the global market owing to increased
urbanization and a growing working population.
Major players of the global packaged soup market include the Campbell Soup Company, ConAgra Foods, General Mills, Greencore, Hain Celestial Group, Baxters Food Group, and Pacific Foods.
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