Global Frozen Soup Market Evaluation Targets Advancement Anticipated until 2022

Posted on 2018-11-21 by Mark Hub in Food & Beverage // 0 Comments

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Rockville, US, 2018-Nov-21 — /EPR Network/ —Bound with time crunch, demand for frozen food products continue to increase as they can be prepared in less than 15 minutes. Preference for pre-cooked, and healthy food products among customers continues to impact the dynamics of the market positively. Customers increasingly prefer food products that are blended with the healthy vegetables. Surge in demand for frozen soup is expected to impact growth of the global market positively.

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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.

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.

Wholesalers to Remain Dominant Segment

With increasing preference for vegetarian soup products, demand for vegetarian soup continues to rev up demand in the global market. Vegetarian classics as compared to other products is expected to witness the highest revenue growth, recording a value of over US$ 8 Mn by the end of 2022. This segment is also expected to register the highest CAGR in the global market throughout 2022.

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Sales of frozen soup products is expected to generate significant revenues through the wholesalers/distributor/direct channel. The wholesalers/distributor/direct sales channel is expected to account for a value of over US$ 8 Mn by the end of 2017. Online retailers is expected to register the highest CAGR in the global market throughout 2022.

Factors Fuelling Growth of the Global Market

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.

Demand for frozen soup will also continue to increase in the food and beverage industry attributed to the healthy ingredients blended in the products. Manufacturers mainly pick up vegetables that are at the peak of the season for producing frozen soup, and prefer freezing the ingredients in their natural form. Further, manufacturers also include several out-of-season food ingredients during the production of the frozen soup. Bound to these factors, demand for frozen food will continue to increase in the food and beverages industry.

In an attempt to attract customers, and expand their brand name, the market players are mainly focusing on launching new products, and add to their product line. Major players in the global market are also concentrating on investments for product innovation, and research and development. These factors are further projected to contribute towards growth of the global market of frozen soup market.

Although the overall outlook on growth of the global market looks positive, several factors are likely to dip demand for frozen soup products. Increasing availability of alternative products such as canned soup is projected to inhibit growth of the global market of frozen soup market during the forecast period.

Competition Tracking

Leading players operating in the global frozen soup market include Campbell Soup Co., The Kraft Heinz Co., Conagra Brands, Inc., Tabatchnick Fine Foods, Inc., and Kettle Cuisine, LLC.

Table of Content:

Global Frozen Soups Market – Executive Summary
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
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
3.1.3. Vegetarian Classics Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.1.4. Non Vegetarian Market Size and Forecast, 2012-2022
3.1.4.1. Revenue (US$ Mn) Comparison, By Region
3.1.4.2. Market Share Comparison, By Region
3.1.4.3. Y-o-Y growth Comparison, By Region
3.1.5. Organic Market Size and Forecast, 2012-2022
3.1.5.1. Revenue (US$ Mn) Comparison, By Region
3.1.5.2. Market Share Comparison, By Region
3.1.5.3. Y-o-Y growth Comparison, By Region
3.1.6. Noodle Market Size and Forecast, 2012-2022
3.1.6.1. Revenue (US$ Mn) Comparison, By Region
3.1.6.2. Market Share Comparison, By Region
3.1.6.3. Y-o-Y growth Comparison, By Region

Continued……………..

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