Overview of Frozen Soup Market 2017: Industry Estimated to Exceed US$ 120 Mn by 2022-end

Posted on 2018-05-18 by Mark Hub in Food & Beverage // 0 Comments

Fact.MR

Dublin 2, Ireland, 2018-May-18 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of frozen soup market. The study is titled as “Frozen Soup Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global frozen soup market.

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Growth of the global market of frozen soup market is likely to be bound by several macro-economic, and micro-economic factors. Consumption of the frozen soup products is likely to remain concentrated in the food and beverages industry. With increasing time crunch, consumers prefer frozen soup products that can be prepared in short time. As the frozen soup products are considered healthy, demand for the frozen soup in parallel to frozen food is projected to increase. Offering frozen soup continues to remain a cost-effective deal for manufacturers as production of frozen soup results in reduced wastage of ingredients. Moreover, surge in demand for on-the-go food products is likely to impact growth of the global market during the forecast period. According to a recently published report, the global frozen soup market is expected to represent a value of over US$ 120 Mn by the end of 2022.

Vegetarian Classic to Represent a Major Segment

Increasing preference for vegetarian soup has revved up demand for the vegetarian frozen soup products globally. The vegetarian classic soup is projected to sell more than the other frozen soup products. Currently, the vegetarian classic soup product type is projected to represent more than US$ 8 Mn by 2022-end. In addition to significant revenue growth, the vegetarian classic soup is projected to reflect a relatively high CAGR through 2022.

By sales channel, the wholesale/distributor/direct segment is projected to represent the highest growth in terms of revenue, recording more than US$ 8 Mn by 2017-end. Sales of the frozen soup is projected to witness a relatively fast growth through online stores in the global market through 2022.

Significant Demand in Food and Beverage Industry

Frozen food will continue to witness surge in demand in the food and beverages industry as the vegetables used for preparing frozen soup are generally picked at the peak of their season. Moreover, the food manufacturers prefer freezing the vegetables in the most natural manner, which is expected to rev up demand for frozen soup. As the waste and spoilage is relatively less, sales of frozen soup will remain concentrated in the food and beverages industry.

Several market players are also increasingly focusing on channelizing their investments in research, developments, and product innovations. In a bid to expand and attract more customers, various market players are mainly focusing on extending their product line by adding range of new products. Bound to such factors, the global frozen soup market is expected to witness significant growth.

Convenience to Boost Demand Frozen Soup

With increasing preference for convenience in routine tasks, demand for quick and convenient ways of preparing food products continues to increase. As frozen soups are trimmed, and packed for quick preparation, sales of these products will continue to rev up. In addition, consumption of these products is expected to remain concentrated among the customers who are travelling or are on-the-go. Frozen soup products further offers pre-prepared soup that could be preserved from the time of preparation till the time of consumption. Besides fresh vegetables, the frozen soups also contain out-of-season ingredients. Attributed to increasing demand for the out-of-season ingredients, consumption of the frozen soup is expected to rev up.

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Table of Content:

1. Global Frozen Soups Market – Executive Summary

2. Global Frozen Soups Market Overview
2.1. Introduction
2.1.1. Global Frozen Soups Market Taxonomy
2.1.2. Global Frozen Soups Market Definition
2.2. Global Frozen Soups Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Frozen Soups Market Y-o-Y Growth
2.3. Global Frozen Soups Market Dynamics
2.4. Supply Chain
2.5. Market Opportunities
2.6. Product Innovations
2.7. Pricing Analysis
2.8. Trade Analysis
2.9. Key Participants in the Market By Region

3. Global Frozen Soups Market Analysis and Forecast By Product Type
3.1. Global Frozen Soups Market Size and Forecast By Product Type, 2012-2022
3.1.1. Traditional Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Light Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region

Continued………

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