Canned Soup Market Demand, Revenue and Forecasts Research 2032

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Canned Soup Market Demand to Cross USD 6.8 Mn by
2032
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Overview of Duckweed Protein Market
The canned soup market size is set to surpass USD
6.5 billion by 2032, as per the report. This is
due to the ongoing global urbanization trend that
has led to a rise in single-person households and
nuclear families. According to statistics from
the U.S. Census Bureau, over 27.6 of occupied
households in the U.S. in 2020 were one-person
households. This changing demographic is
increasing the need for portion-controlled and
easily prepared meals, where canned soups fit the
bill. Health consciousness is another significant
driver for industry growth, as consumers continue
to seek nutritious options with lower sodium,
fewer additives, and more natural ingredients.
Manufacturers are thus introducing healthier
canned soup variants to cater to this demand. The
growing awareness of dietary restrictions and
preferences, such as vegetarian, vegan, and
gluten-free diets, has also spurred innovation in
the canned soup sector, expanding product
offerings to cater to a broader customer base.
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Rise in health consciousness boosts demand for
low-sodium soups Low sodium canned soup market
size will register substantial growth over
2023-2032, due to growing health consciousness
among consumers. High sodium intake has been
linked to various health issues, including
hypertension and heart disease, prompting
individuals to seek healthier dietary choices. In
response, food manufacturers are developing
low-sodium soup options to cater to this demand.
Additionally, government regulations and dietary
guidelines advocating for reduced sodium
consumption have further incentivized the
production and promotion of low-sodium soup
products. For instance, in October 2021, the U.S.
FDA issued new guidelines to reduce salt usage in
various packaged foods including meats, cheese,
and others by 12 on average in order to mitigate
the risk of health issues. As consumers become
more proactive about their well-being, the shift
toward healthier eating habits will contribute to
the increasing demand for low-sodium
soup. Convenience stores emerge as a key
distribution channel Canned soup market share
from the convenience stores distribution channels
will experience a strong boost by 2032, due to
evolving consumer preferences and shifting
lifestyles. Convenience stores offer a quick and
accessible option for on-the-go meals, catering
to busy professionals, students, and commuters.
With the demand for convenient, ready-to-eat
solutions rising, canned soups provide a simple
and nourishing choice.
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Europe to serve as a lucrative revenue
pocket Europe will account for a sizeable share
of the global canned soup industry by 2032, given
the growing emphasis on sustainability and
eco-conscious consumption, encouraging
manufacturers to adopt environmentally friendly
packaging and sourcing practices. Health and
wellness trends are driving demand for
lower-sodium, organic, and gluten-free canned
soup varieties, reflecting consumers' desire for
healthier meal options. Convenience also remains
a significant driver, as time-strapped Europeans
seek quick and easy meal solutions. The COVID-19
pandemic has accelerated e-commerce and online
grocery shopping, with more consumers turning to
digital platforms for purchasing canned soups.
Furthermore, culinary diversity and the
introduction of globally inspired flavors are
expanding product portfolios, catering to diverse
tastes and preferences across the European
populaces.
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Market Participants The J.M. Smucker Company,
Maruchan, Inc., Bear Creek Country Kitchens, The
Kraft Heinz Company, Baxters Food Group Limited,
Conagra Brands, Inc., Amy's Kitchen, Inc.,
Pacific Foods of Oregon, LLC, Dr. McDougall's
Right Foods, Inc., Hain Celestial Group, Inc.,
Nissin Foods Holdings Co., Ltd., Campbell Soup
Company, General Mills, Inc., Eden Foods, Inc.,
and Progresso (a subsidiary of General Mills) are
some of the key participants in the canned food
market. These industry leaders are currently
prioritizing strategic partnerships, the launch
of new products, and the commercialization of
their offerings to facilitate market expansion.
In July 2023, Campbell's introduced two
gluten-free cooking soups to its product lineup.
These new condensed soup options, available in
Cream of Mushroom and Cream of Chicken flavors,
will cater to customers with dietary restrictions
related to gluten consumption. Dubbed Campbell's
Condensed Gluten-Free Soups, the new offerings
will also provide an alternative ingredient
choice for common meal preparations, without
compromising on the brand's commitment towards
high-quality ingredients.
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