Chilled Soup Market Synopsis

Chilled Soup Market Size Was Valued at USD 801.2 Million in 2023, and is Projected to Reach USD 1,232.3 Million by 2032, Growing at a CAGR of 4.9% From 2024-2032.

Chilled soup, also known as cold soup is a cool, sometimes light soup that is eaten cold and common in hot weather. It refers to a class of soup dishes that are made from the uncooked or lightly cooked food items such as vegetables, fruits, herbs, and occasionally dairy or stock. Some famous examples would be a Spanish dish called gazpacho that is made from tomatoes and peppers and vichyssoise, a potato and leek soup. These cold soups are refreshing and can be enriched with herbs, croutons or even a drop of oil on the surface.

• Consumers worldwide have responded positively to chilled soup where the market has been flooded with fruit-flavored chilled soups as a healthy tasty snack. The companies have pulled off drinkable chilled soups as chilled pressed, sweeter soups. They did not add fruit or sweet deals to the menu as consumers seem to have different preferences and rather have vegetables or even savory items to cut on sugars.
• Today, the consumption of healthy food products  which are refrigerated has received significant attention from the consumers across the globe particularly during summer period. When subclassified by flavor, it reveals that ‘fruits’ had become a new favorite among consumers new to experiencing novel sensory satisfaction from soup.
• As a result of the change in consumers’ preferences for better and quality snacks in terms of the taste buds, the aspect of sweet soups has continued to enjoy a steady growth over the years. This market is gradually expanding because the demand for most dishes with some extra spices is steadily rising. One of the trends that have been embraced in the chilled soup brands has left opportunities for growth within the chilled soup sector in recent past. The improving conditions of the Zone of organized formats of retail sales that impact the perspectives of the players in the chilled soup market.
• Furthermore, market players face challenges in some of the developing areas where the distribution networks are weak. This can be partly attributed to the fact that they are in the period of sourcing and developing organized retailing and partially due to the fact that they are not fully aware of soup brands’ branding.
• More recently, chilled soup has been embraced by consumers in the developing economies in different quotas of the population due to the increasing trend in ready to eat food items and beverages. Besides, there is emergent trend of such product specialty in the urban centers of the emergent economy associate with the specialty distribution networks.

Chilled Soup Market Trend Analysis

Rise in demand for healthier food products

• A growing trend that contributes to the growth of the chilled soup market is the growing desire to consume healthier foods as consumers upgrade their lifestyle and diet expectations. Chilled soups could be defined as portions of soup dishes that are served cold and they are some of the best options for food manufacturers to offer clean-label and natural food products to consumers because they are produced from fresh ingredients without the use of additives. It gives a tasty, low-energy value offering that can be nutritionally dense from vitamins, minerals, and antioxidants. The factors like changing global dietary trends towards healthy foods plus the relevance of chilled soups as a convenient, ready to consume food product should collectively provide a significant impetus for the chilled soup market during the next one year.

Growing trend of eating packaged food items

• The chilled soup market is expected to expand in the coming year because of the increasing reliance on processed food items in packaged forms. Washed chilled soups are convenient foods that can be consumed without preparation and consumed on the go and are preferred in society with. Blend lifestyles. These soups are mostly processed and easy to prepare, hence placing them among the most desirable types of soups for the convenience of preparation without having to give up on the taste of the soup or maybe its nutritional value. The mood for the chilled soup market is also bullish, as the tendency of consumers to be healthier and busier as well as heightened urbanization prescribes greater accessibility and easy-to-prepare food items.

Chilled Soup Market Segment Analysis:

Chilled Soup Market Segmented based on Packing Type, and Distribution Channel.

By Packing Type, carton packaging segment is expected to dominate the market during the forecast period

• In the forecast period, carton packing is predicted to hold largest share in chilled soup market among all packing types. Cartons are easy to store and consume since they come with screws that make it easier for consumers to open, some even come with re-sealable options, and portion controls, they also have additional advantages of convenience since they can be used in processing foods for ready-to-eat meals. It also improves convey brief logistics and shelf-life appeal, making chilled soup popular among consumers.

By Distribution Channel, Supermarket/Hypermarket segment held the largest share in 2023

• The supermarket/hypermarket segment has the highest share in the chilled soup market in 2023 from a convenience store segment due to the availability of this chilled soup. These retail outlets provide comprehensive range of chilled soup products that are available under a single roof and hence have the capability to capture consumers from different segments of the society. They had the largest distribution channels adding to which, the chopping boards and other promotional features they adopted, and the right price that they offered to the consumers, meant that they continued monopolizing the chilled soup market.

Chilled Soup Market Regional Insights:

Europe is Expected to Dominate the Market Over the Forecast period

• Over the projection period, it is expected that the chilled soup market in Europe will make significant contribution towards the overall chilled soup market all over the world. Because the trend among the European consumers is shifting towards active employments and searching for on the go breakfast product chilled soup is expected to grow in its revenue in the coming years.
• For the duration of the forecasting period, it is envisaged that the chilled soup market in the European region will continue to yield a summation of the global chilled soup market proportionally significant. For chilled soup in Europe, there are expectations that they will record a rise in revenue since consumers are more likely to look for products they can consume as they move around in the morning, which can well be described as a breakfast product.
• Further, Europe has a sufficient number of people who would like to have a healthy vegetarian meal. Sausages are also eaten at brunches and lunches in this area as well People in the neighboring regions also partake in foods from this area. The market consumption and manufacturing of this product is also significant in this region. For this particular reason, the geographical continent of Europe plays a great role in promoting the growth of the chilled soup market.

Active Key Players in the Chilled Soup Market

• Campbell Soup Company
• PepsiCo, Inc.
• Sonoma Brands
• Soupologie
• The Billington Group
• The Hain Daniels Group Ltd.
• Tio Gazpacho
• Woolworths Group Limited.
• Other Key Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Chilled Soup Market by Packing Type
 4.1 Chilled Soup Market Snapshot and Growth Engine
 4.2 Chilled Soup Market Overview
 4.3 PET Bottles
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 PET Bottles: Geographic Segmentation Analysis
 4.4 Carton Packaging
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Carton Packaging: Geographic Segmentation Analysis
 4.5 Cups/Tubs
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Cups/Tubs: Geographic Segmentation Analysis
 4.6 Pouches
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Pouches: Geographic Segmentation Analysis

Chapter 5: Chilled Soup Market by Distribution Channel
 5.1 Chilled Soup Market Snapshot and Growth Engine
 5.2 Chilled Soup Market Overview
 5.3 Supermarket/Hypermarket
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Supermarket/Hypermarket: Geographic Segmentation Analysis
 5.4 Premium Grocery Stores
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Premium Grocery Stores: Geographic Segmentation Analysis
 5.5 Online Retail
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Online Retail: Geographic Segmentation Analysis
 5.6 Direct Selling
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Direct Selling: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Chilled Soup Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 CAMPBELL SOUP COMPANY
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 PEPSICO
 6.4 INC
 6.5 SONOMA BRANDS
 6.6 SOUPOLOGIE
 6.7 THE BILLINGTON GROUP
 6.8 THE HAIN DANIELS GROUP LTD
 6.9 TIO GAZPACHO
 6.10 WOOLWORTHS GROUP LIMITED
 6.11 OTHER MAJOR PLAYERS

Chapter 7: Global Chilled Soup Market By Region
 7.1 Overview
 7.2. North America Chilled Soup Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Packing Type
   7.2.4.1 PET Bottles
   7.2.4.2 Carton Packaging
   7.2.4.3 Cups/Tubs
   7.2.4.4 Pouches
  7.2.5 Historic and Forecasted Market Size By Distribution Channel
   7.2.5.1 Supermarket/Hypermarket
   7.2.5.2 Premium Grocery Stores
   7.2.5.3 Online Retail
   7.2.5.4 Direct Selling
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Chilled Soup Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Packing Type
   7.3.4.1 PET Bottles
   7.3.4.2 Carton Packaging
   7.3.4.3 Cups/Tubs
   7.3.4.4 Pouches
  7.3.5 Historic and Forecasted Market Size By Distribution Channel
   7.3.5.1 Supermarket/Hypermarket
   7.3.5.2 Premium Grocery Stores
   7.3.5.3 Online Retail
   7.3.5.4 Direct Selling
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Chilled Soup Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Packing Type
   7.4.4.1 PET Bottles
   7.4.4.2 Carton Packaging
   7.4.4.3 Cups/Tubs
   7.4.4.4 Pouches
  7.4.5 Historic and Forecasted Market Size By Distribution Channel
   7.4.5.1 Supermarket/Hypermarket
   7.4.5.2 Premium Grocery Stores
   7.4.5.3 Online Retail
   7.4.5.4 Direct Selling
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Chilled Soup Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Packing Type
   7.5.4.1 PET Bottles
   7.5.4.2 Carton Packaging
   7.5.4.3 Cups/Tubs
   7.5.4.4 Pouches
  7.5.5 Historic and Forecasted Market Size By Distribution Channel
   7.5.5.1 Supermarket/Hypermarket
   7.5.5.2 Premium Grocery Stores
   7.5.5.3 Online Retail
   7.5.5.4 Direct Selling
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Chilled Soup Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Packing Type
   7.6.4.1 PET Bottles
   7.6.4.2 Carton Packaging
   7.6.4.3 Cups/Tubs
   7.6.4.4 Pouches
  7.6.5 Historic and Forecasted Market Size By Distribution Channel
   7.6.5.1 Supermarket/Hypermarket
   7.6.5.2 Premium Grocery Stores
   7.6.5.3 Online Retail
   7.6.5.4 Direct Selling
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Chilled Soup Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Packing Type
   7.7.4.1 PET Bottles
   7.7.4.2 Carton Packaging
   7.7.4.3 Cups/Tubs
   7.7.4.4 Pouches
  7.7.5 Historic and Forecasted Market Size By Distribution Channel
   7.7.5.1 Supermarket/Hypermarket
   7.7.5.2 Premium Grocery Stores
   7.7.5.3 Online Retail
   7.7.5.4 Direct Selling
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research