Europe Soups Market Estimated to Grow at a CAGR of 4.2 % from 2014 to 2020

Transparency Market Research has published a report studying the trends incumbent in the Europe soup market. The report provides insights into key growth drivers impelling the market and potential restraints inhibiting its growth. Based on in-depth findings, analysts have suggested that the Europe soups market, which stood at US$3.9 bn in 2014, will reach US$5 bn in 2020, rising at a positive 4.20% CAGR. The report is titled ‘Soups Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020’ and is available on the company website for sale.

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For the purpose of the study, the report segments the Europe soup market into chilled, UHT, frozen, canned, and dried soup. It investigates the consumption pattern with regard to different varieties of soup across the key regional markets within Europe. Exhaustive information on the growth trends exhibited by the Europe soup market is therefore compiled in the report. The segment of dried soup is likely to enjoy substantial growth in the market, with increasing inclination among Europe’s population towards quick meals that fit their busy schedule.

The demand for canned soup, however, is anticipated to decline across Europe. A lead TMR analyst said in this regard, “A paradigm shift in consumer preference from metal cans and heavy packaging, which add to the carbon footprint and are difficult to open, to soups with biodegradable packaging is responsible for the declining demand for canned soups”. Growing health awareness and knowledge about preservatives in canned and frozen soups also adversely impacts their demand.

Italy, Germany, Russia, the U.K., France, and Spain constitute the key national soup markets in Europe. The growing demand for high quality of meals that can be prepared at short notice has catapulted the soup industry to the forefront of the European commercial goods landscape. The report cites Russia as one of the most lucrative soup markets in Europe, followed by Italy and the U.K.

To study the prevailing competitive landscape in the Europe soup market, the report also profiles some of the key players in the market, including Maggie, Knorr, Liebig, Progresso, and Heinz. Of these, Maggie dominates the soup market in France. Campbell, on the other hand, has stopped operating in Russia, after it was unsuccessful in making significant gains in the national market. The soup market in Spain also faced much trouble due to the prevalence of unemployment and economic crisis in the country. Price being a crucial variable determining the consumption of soup, the demand for soup from Spain is anticipated to exhibit negligible growth. However, the report projects that if manufacturers could offer products to consumers in Europe at low prices, there are still opportunities for the soup market in the country to exhibit a steady growth pattern.

Get more Information: https://globenewswire.com/news-release/2015/10/20/777435/10152967/en/Europe-Soups-Market-to-reach-US-5008-1-million-by-2020-Transparency-Market-Research.html

Europe Soups Market to Reach US$5 bn in 2020, Dried Soup Segment to Lead Market

Transparency Market Research has published a report studying the trends incumbent in the Europe soup market. The report provides insights into key growth drivers impelling the market and potential restraints inhibiting its growth. Based on in-depth findings, analysts have suggested that the Europe soups market, which stood at US$3.9 bn in 2014, will reach US$5 bn in 2020, rising at a positive 4.20% CAGR. The report is titled ‘Soups Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020’ and is available on the company website for sale.

Download ToC: https://www.transparencymarketresearch.com/report-toc/3939

For the purpose of the study, the report segments the Europe soup market into chilled, UHT, frozen, canned, and dried soup. It investigates the consumption pattern with regard to different varieties of soup across the key regional markets within Europe. Exhaustive information on the growth trends exhibited by the Europe soup market is therefore compiled in the report. The segment of dried soup is likely to enjoy substantial growth in the market, with increasing inclination among Europe’s population towards quick meals that fit their busy schedule.

The demand for canned soup, however, is anticipated to decline across Europe. A lead TMR analyst said in this regard, “A paradigm shift in consumer preference from metal cans and heavy packaging, which add to the carbon footprint and are difficult to open, to soups with biodegradable packaging is responsible for the declining demand for canned soups”. Growing health awareness and knowledge about preservatives in canned and frozen soups also adversely impacts their demand.

Italy, Germany, Russia, the U.K., France, and Spain constitute the key national soup markets in Europe. The growing demand for high quality of meals that can be prepared at short notice has catapulted the soup industry to the forefront of the European commercial goods landscape. The report cites Russia as one of the most lucrative soup markets in Europe, followed by Italy and the U.K.

To study the prevailing competitive landscape in the Europe soup market, the report also profiles some of the key players in the market, including Maggie, Knorr, Liebig, Progresso, and Heinz. Of these, Maggie dominates the soup market in France. Campbell, on the other hand, has stopped operating in Russia, after it was unsuccessful in making significant gains in the national market. The soup market in Spain also faced much trouble due to the prevalence of unemployment and economic crisis in the country. Price being a crucial variable determining the consumption of soup, the demand for soup from Spain is anticipated to exhibit negligible growth. However, the report projects that if manufacturers could offer products to consumers in Europe at low prices, there are still opportunities for the soup market in the country to exhibit a steady growth pattern.

Europe Soup Market, by Type:

• Chilled
• UHT
• Frozen
• Canned
• Dried

Europe Soup Market, by Country:

• U.K.
• France
• Germany
• Italy
• Russia
• Spain

Europe Soups Market: Rising Preference for Ready to Eat and Healthy Foods to Boost Growth, says TMR

The brands having the most significant share in the Europe soups market are Progresso, Heinz, Maggi, Liebig, and Knorr. Amongst these, Maggi and Knorr lead the soups market within France and are hence driving the overall Europe soups market, as per Transparency Market Research. However, Campbell, the largest soup company globally has ceased its operations in Russia due to the fact that this company was unsuccessful in tapping the Russian soups market.

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The Europe soups market stood at US$3919.1 mn in 2014 and is poised to touch US$5008.1 mn by 2020. On the basis of consumption, the Europe soups market’s volume is predicted to rise at a CAGR of 3.90% between 2014 and 2020. On the basis of type, the segment of canned soups held a significant share in the market owing to the effective marketing strategies including new product introductions such as stand up pouches and launch of new canned soup flavors. On the other hand, the segment of dried soups is also predicted to rise at a 3.0% CAGR between 2014 and 2020 owing to the rising demand for convenient soups at economical prices.

Increasing Preference for Refrigerated Food Products to Fuel UK Soups Market

In terms of geography, the UK soups market is predicted to touch US$1530.7 mn by 2020. This market is predicted to rise owing to the growing preference for ready to eat and healthy foods. The UK soups market is fragmented in nature and requires retailers to target the brands that are weaker for raising their market shares. The chilled soups segment is anticipated to rise in the UK due to rising preference of consumers toward refrigerated food products within this nation. The size of the chilled soups market in the UK is predicted to exhibit a 2.80% CAGR between 2014 and 2020. It has been observed that individuals in the UK are losing interest in metal canned soups owing to rising issues related to health and growing preference for standup pouches because of the fact that these pouches are attractive, light weight, and easy to open.

Russia Soups Market to become the Most Lucrative, Soaring Demand for Dried Soups a key Factor

The Russia soups market is predicted to reach US$1117.2 mn in 2020, expanding at an 8.40% CAGR between 2014 and 2020. As per the report, Russia has emerged as the most lucrative market for the manufacturers of soups in Europe. The individuals residing in this nation are said to consume soups at least six times a week. The growing demand for different types of soups and the increasing awareness regarding wellness and health are behind the growth of this market in Russia. In Russia, the segment of dried soups held the dominant share by both volume and value and is trailed by the segment of canned soups, frozen soups, chilled soups, and UHT soups. The segment of dried soups is rising in Russia owing to the growing variety of these kinds of soups and hectic lifestyles of consumers in Russia. On the other hand, the segment of canned soups is on the rise due to the longer expiration of these soups, hence making them a convenient option amongst consumers.

The Europe soups market is predicted to grow due to the busy lifestyles and the increasing health consciousness amongst individuals residing in this region. In addition, the growing demand for fast and convenient food products will bode well for the development of the Europe soups market. Furthermore, the introduction of new types and flavors of soups by the top manufacturers have also increased the demand for soups in the European region. The increasing preference of consumers for refreshing chilled soup flavors, particularly in warmer climatic conditions, will also bolster the growth of this market in Europe. However, factors such as the use of harmful preservatives and high sodium content in packed soups may cause health issues in individuals. The increasing awareness on the ingredients of soups may hamper the development of the soups market in Europe.

“Nonetheless, numerous manufacturers are introducing new and organic soups with all natural ingredients and low sodium content, which can bring in new growth opportunities in the soups market in Europe” says a TMR analyst.

This information is based on the findings of a report published by Transparency Market Research titled, “Soups Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”

The segmentation of the Europe soups market is provided below:

Europe Soups Market, By Type:

• Canned Soups
• Dried Soups
• Chilled soups
• UHT soups
• Frozen soups

Soup Market in Europe is Gearing up to Reach US$ 5008.1 million by end of 2020

The Europe soup market has emerged significantly in the last couple of years and is expected to expand further by the end of 2020. The hectic daily schedule of people living in Europe and their shifting preference towards healthier food are expected to boost the demand for soup in major European countries such as France, UK, Russia and Germany among others. Additionally, the availability of a wide range of products, growing popularity of health and wellness trends and active promotion by soup manufacturers have emerged as key driving forces of soup markets in European nations.

Europe Soup Market - Trend and Market Segmentation

The Europe soup market is studied largely on the basis of types of soups and their corresponding demand generated in individual countries.

With the evolution of technology, consumers today are treated with better and wider options of soup types. According to types of soups, the Europe soup market can be classified into variants of chilled soups, frozen soups, canned soups, UHT soups and dried soups. This segmentation promotes better understanding in terms of volume and value of soup consumption across different European nations.

The market for canned soup among others is experiencing bit of a setback in its European pockets. Trends depict a declining interest among customers towards metal canned soups since they are difficult to open. Moreover, given their heavy packaging formats, these canned soup containers are also responsible for carbon footprints. Soup manufacturers in Europe can capitalize on the huge scope in market to increase the demand for their products by replacing the traditional metal canned containers with newer and more improved stand up pouches.

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Among the different types of soups available in the market, the consumption of dried soups has emerged as a favorite among consumers. The market for dried soups has registered a steady increase in demand and significant growth is predicted in the period between 2014 and 2020. People living in European nations lead fast paced lives and quick meals have come across as the most convenient dietary option for them. This lifestyle has given a boost to the demand for dried soups in European markets. However, canned soups could fetch only little from this lucrative trend, since most people believe that the metal format soups contain preservatives which are harmful for health and should be avoided.

Growth Prospect across European Nations

Nation wise the market for soup in Europe can be segmented into UK, Italy, France, Germany, Spain and Russia. In countries like France, Russia and UK the demand for soup is expected to grow significantly in the years to come. This can be attributed to the rising health consciousness that has further increased the demand for western and healthier food. The soup market in Germany is also expected to grow in the forecast period.

The market for soups in Russia and UK is expected to register growth at a higher CAGR compared to other European nations in the forecast period. The increasing demand for healthy and affordable food, changing demographics and other similar factors is anticipated to boost the soup market in Italy as well.

Among the different European nations the market behavior in Spain is distinctly different from the rest of Europe. Due to a high rate of unemployment, soup consumers across the country sees price as a key variable while making their purchase decisions. This has resulted in mottled shopping habits among soup consumers in Spain. Hence, the growth prospect of soup market in the country seems meager. Similarly consumers in France consume soup only during winters. Manufacturers therefore, are investing on product

innovation so that they can boost soup consumption in France throughout the year.

Soup in European region is distributed through chains of supermarkets, hypermarkets and convenience stores, cash and carries and food and drinks specialists.

Key Players - Dominant brands in Europe Soup Markets

Knorr, Maggi, Heinz, Liebig and Progresso among others enjoy having the maximum market share in the European region. For instance, the soup market in France is dominated by Knorr and Maggi. In 2014, the Europe soup market was valued at US$ 3919.1 million and it is predicted to reach US$ 5008.1 million by the end of 2020 registering growth at a CAGR rate of 4.2% in the forecast period.

Europe Soups Market to Reach US$5 bn in 2020, Dried Soup Segment to Lead Market

Transparency Market Research has published a report studying the trends incumbent in the Europe soup market. The report provides insights into key growth drivers impelling the market and potential restraints inhibiting its growth. Based on in-depth findings, analysts have suggested that the Europe soups market, which stood at US$3.9 bn in 2014, will reach US$5 bn in 2020, rising at a positive 4.20% CAGR. The report is titled ‘Soups Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020’ and is available on the company website for sale.

Browse the full Soups Market report at : http://www.transparencymarketresearch.com/europe-soups-market.html

For the purpose of the study, the report segments the Europe soup market into chilled, UHT, frozen, canned, and dried soup. It investigates the consumption pattern with regard to different varieties of soup across the key regional markets within Europe. Exhaustive information on the growth trends exhibited by the Europe soup market is therefore compiled in the report. The segment of dried soup is likely to enjoy substantial growth in the market, with increasing inclination among Europe’s population towards quick meals that fit their busy schedule.

The demand for canned soup, however, is anticipated to decline across Europe. A lead TMR analyst said in this regard, “A paradigm shift in consumer preference from metal cans and heavy packaging, which add to the carbon footprint and are difficult to open, to soups with biodegradable packaging is responsible for the declining demand for canned soups”. Growing health awareness and knowledge about preservatives in canned and frozen soups also adversely impacts their demand.

Request a Brochure of this Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3939

Italy, Germany, Russia, the U.K., France, and Spain constitute the key national soup markets in Europe. The growing demand for high quality of meals that can be prepared at short notice has catapulted the soup industry to the forefront of the European commercial goods landscape. The report cites Russia as one of the most lucrative soup markets in Europe, followed by Italy and the U.K.

To study the prevailing competitive landscape in the Europe soup market, the report also profiles some of the key players in the market, including Maggie, Knorr, Liebig, Progresso, and Heinz. Of these, Maggie dominates the soup market in France. Campbell, on the other hand, has stopped operating in Russia, after it was unsuccessful in making significant gains in the national market. The soup market in Spain also faced much trouble due to the prevalence of unemployment and economic crisis in the country. Price being a crucial variable determining the consumption of soup, the demand for soup from Spain is anticipated to exhibit negligible growth. However, the report projects that if manufacturers could offer products to consumers in Europe at low prices, there are still opportunities for the soup market in the country to exhibit a steady growth pattern.

Europe Soup Market, by Type:

• Chilled
• UHT
• Frozen
• Canned
• Dried

Europe Soup Market, by Country:

• U.K.
• France
• Germany
• Italy
• Russia
• Spain

Browse the full Press Release : http://www.transparencymarketresearch.com/pressrelease/europe-soups-market.htm

About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr. Atil Chaudhari

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

Europe Soups Market to reach US$5008.1 million by 2020

Soup is a winter product in Europe and thus manufacturers should introduce new soups products and take steps to reduce the seasonability. Russia among all the European countries has experienced high growth in the forecast period followed by U.K and Italy. Soup is one of the oldest foods that consumers prefer in Russia and the demand is expected to be high as they consume it six times a week. Health and wellness trend and increasing variety of soups are the growth drivers responsible for the growth of soups market in Europe. Busy lifestyles, preference for refrigerated food, active promotions by key soups manufacturers, health and wellness trends and increasing soups varieties are the drivers responsible for the growth of soups market in Europe.

However, Campbell, the biggest soup company in the world, stopped its operation in Russia as they failed to tap the Russian soups market. Knorr and Maggi are the top players in soups market and the sell through through all distribution channels. The economic crisis and high unemployment rate in Spain is responsible for low soups consumptions and this factor has acted as a restraint in the growth of soups market in Spain. Due to high unemployment rate consumers consider price as a key variable while making a purchase decision, which in turn has resulted in varied shopping habits among Spanish consumers. Soups consumption shows negligible growth in the forecast period and the soup manufactures should focus on price factor to increase the demand of soups in Spain.

Browse full Europe Soups Market report at:http://www.transparencymarketresearch.com/europe-soups-market.html

The soups market has been segmented by types of soups into - chilled, canned, frozen, dried, and UHT soups. It also provides an understanding of volume (kg million) and value (USD million) of soups consumption. The study also provides forecast from 2014 - 2020 and highlights current and future market trends.

By country, the market has been segmented into U.K, France, Germany, Italy, Russia and Spain. This report helps distributors, suppliers and manufacturers to formulate strategies based on understanding of the trends in this market.

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The demand for Canned soups is declining across Europe and trend shows that consumers are shifting from metal canned soups as they are difficult to open and is also responsible for carbon footprints due to heavy packaging formats. However, there is still scope for soups companies to increase the demand of canned soups by replacing its traditional metal canned formats with innovating stand up pouches. Busy life style, changing eating habits, increasing demand towards western food and healthier food products are expected to boost the demand for soups market in the major countries of Europe including France, U.K, Russia and Germany among others in the forecast period.

Increasing varieties of products, health and wellness trend and active promotions by soups manufacturers are the drivers contributing to the growth of soups market in U.K, Russia, Italy, Germany, Spain and Russia. Among different types of soups, the consumption of dried soups is estimated to have the most significant growth over the forecast period, as people are more interested to have quick meals due to their busy life style. However, consumption of canned soups is comparatively low as consumers believe that canned metal format soup contains preservatives, which are harmful to health.

The leading brands which have the maximum market share in Europe region includes Knorr, Liebig, Maggi, Heinz and Progresso among others. For example, Knorr and Maggi dominate the soups market in France. Soups in Europe is distributed through hypermarkets/ supermarkets, Food and drinks specialists, Cash and Carries and convenience stores.

Browse the full Press Release:http://www.transparencymarketresearch.com/pressrelease/europe-soups-market.htm

About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr. Atil Chaudhari   

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com