Global Chilled Soup Sales Pegged to Bring in US$ 1,326.3 Mn by End
of 2025
Considering how nutritional food products cease to lose their demand in the world, manufacturers
of food products are making efforts to offer such products in easy-to-consume formats. Moreover,
consumption of frozen, chilled or refrigerated food products is gaining traction, particularly in
urban settings. Persistence Market Research’s latest study reveals that factors as such have played
an instrumental role in driving the sales of chilled soup in several regions. According to the study,
the global market for chilled soup will be valued at nearly US$ 790 Mn in 2017, and will expand
steadily at 6.2% CAGR to reach US$ 1,326.2 Mn by the end of 2025.
In the report, titled “Chilled Soup Market: Global Industry Analysis and Forecast, 2017-2025,”
increasing preference on young consumers for succulent breakfast products is cited as a key trend
treading in the global chilled soup market. Retail chains offering chilled soup at their stores is also
becoming an advantage for key players in the global chilled soup market. The report has profiled
companies such as The Billington Group, The Hain Daniels Group Limited, Soupologie Limited,
Sonoma Brands, Tio Gazpacho LLC, Campbell Soup Company, Woolworths Limited, PepsiCo,
Inc. as leading participants in the global market for chilled soup.
The report also delivers prominent trends encompassing the growth of global chilled soup market,
which include:
1. The Bowl-to-Bottle Transition – Manufacturers are focusing on chilled soup in bottles rather
than in bowls as the hectic daily grind & on-the-go lifestyle of consumers demand
convenient and portable meals
2. Controlling Sugar Content – Considering the rise in health conscious consumers and surging
demand for products with low sugar content, manufacturers are now offering low sugar
chilled soups to create presence among consumers that prefer low calorie healthy food
products
3. Preference to High Fiber Soups – Chilled soups are rich in protein and fiber, making them a
top choice for consumers particularly in countries such as the US and the UK
Download Report Table of Content, Figures, and Tables @
http://www.persistencemarketresearch.com/market-research/chilled-soups-market/toc
The report also reveals the growth of global chilled soup market in terms of volume.
In 2016, the global chilled soup consumption stood at sales of 426 Mn units. This
figure is expected to touch 700 Mn units by the end of forecast period, exhibiting a
balanced CAGR of 5.3% in terms of volume. The report further reveals that
manufacturers of chilled soup products are adopting innovative packaging techniques
to attract customers and enhance their customer base. In 2017, cups/tubs is estimated
to remain a dominant packaging segment in the global chilled soup market,
accounting for global sales of over 240 Mn units. Demand for PET bottle packaging
is also expected to surge in the global chilled soup market, revenues from which are
expected to attain 6.3% CAGR over the forecast period.
A sample of this report is available upon request @
http://www.persistencemarketresearch.com/samples/11104
In many countries such as Japan, China, and Brazil, the distribution networks for chilled soup
products is observed to be weak. In order to reach out to consumers, manufacturers are using a
selective modes of distribution channel such as online selling or use of selective retail outlets. The
report cites that supermarkets or hypermarkets will continue to be the largest distribution channel in
the global market for chilled soup products by account for more than 55% revenue share throughout
the forecast period. The market is also expected to be dominated by North America and Europe as
these regions will collectively account for more than 80% of global chilled soup sales. Europe’s
chilled soup market, in particular, will showcase fastest value growth by reflecting a 6.8% CAGR
between 2017 and 2025.
Browse Complete Report @ http://www.persistencemarketresearch.com/marketresearch/chilled-soups-market.asp
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