Dried
soup continues to gain more impetus in the F&B sector owing to
its increasing popularity among consumers across the globe. It is
safe, easy to make, portable and above all, suites the requirements
of a modern consumer. In recent years, there has been a significant
increase in the global consumption of various convenience food items
including dried soup. Moreover, introduction of soups that are gluten
free and contain more nutritional value is expected to reflect
favourable on the sales of dried soup over the next couple of years.
As per the recent study conducted by Future Market Insights (FMI),
the global
dried soup market is set to surpass a valuation of US$ 2,000
Mn by the end of 2022. The study has also identified a number of
additional factors that are likely to influence the growth of the
market during the forecast period (2017-2022).
Dehydrated
Dried Soups Will Continue to Outsell Instant Dried Soup
Demand
for dehydrated dried soups is significantly higher than instant dried
soup. Sales of dehydrated dried soups currently account for more than
three-forth revenue share of the global dried soup market. Dehydrated
dried soups are available in a wide-range of flavour, vegetables,
grains, dehydrated meat and legumes. Moreover, convenience of quick
and easy preparation afforded by dehydrated dried soups remains
highly appealing for a large number of consumers. In many of the
European countries, consumption of dehydrated dried soup has been
substantially high. By the end of 2017, over US$ 500 Mn worth
dehydrated dried soup is expected to be consumed in Europe.
Meanwhile, consumption of instant dried soup is likely to remain
sluggish throughout the assessment period.
High
Preference for Dried Soup Packed in Pouch
Dried
soups packed in pouch are receiving an overwhelming response from
consumers. Manufacturers are using attractive and innovating pouch
based packaging designs that are extremely convenient and efficient.
The pouches that are currently used in packaging of dried soup help
in extending the shelf life of the product and substantially reduce
the risk contamination. In addition, these pouches are quite
attractive and hence quickly gain the attention of customers.
Increasing focus on use of lightweight material to manufacture pouch
based packaging solution that are eco-friendly or biodegradable is
also making a positive impact on their adoption in packaging of
various food products including dried soup. Further, such packaging
facilitates easy shipping and reduces the overall cost of
transportation logistics. In terms of revenue, global sales of dried
soup packed in pouches are projected to make the highest contribution
to the growth of the market during the forecast period.
For
more information on this report, fill the form @
https://www.futuremarketinsights.com/reports/sample/rep-gb-5066
HORECA
Largest Sales Channel for Dried Soup
HORECA,
which is the code used for referring to the hotel and catering
industry in Europe is the largest sales channel for dried soup.
HORECA covers bars, hotels, restaurants and other various types of
eateries. Towards the end of 2022, more than US$ 884 Mn worth dried
soup is expected to be sold through HORECA. It currently commands for
around 40% revenue share of the global dried soup market. Modern
trade is expected to remain the second largest sales channel for
dried soup over 2022.
Europeans
Account for Highest Consumption of Dried Soup in the World
The
market for dried soup in Europe is expected to maintain its leading
position in 2017 and beyond. This is primarily owing the high
consumption of dried soup across the regions. Moreover, a majority of
restaurants, hotels and eateries in Europe include dried soup in
their menu, which has apparently led to a greater penetration.
Between 2017 and 2022, the market in the region is projected to surge
at a steady pace.
Dried
Soup Market- Key Players
Some
of the top market players profiled in FMI’s report include Campbell
Soup Co., General Mills, Inc., Associated British Foods, Nestlé
S.A., The Kraft Heinz Company, B&G Foods, Inc., Baxter’s Food
Group, Greencore Group Plc., Nissin Foods Holdings Co. Ltd., and
Unilever Plc.
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