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Ready-to-Eat Soup Market Poised to Garner Maximum Revenues During 2017 to 2022

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Steve Blade
Ready-to-Eat Soup Market Poised to Garner Maximum Revenues During 2017 to 2022

A new research report published by Fact.MR predicts that the global ready-to-eat soup market will grow at an estimated CAGR of 5.9% during the period 2017-2022 and exceed a value of US$ 750 Mn by the end of 2019. The business report highlights the drivers, restraints, opportunities and trends affecting global soup market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume. The study opines that ready-to-eat soups market will be driven by a cohort of factors, including rising demand for convenience foods, increasing number of women in workforce, and consumption of soups for treating common colds and sore throats. According to the study, manufacturers are aware of the evolving consumer preferences, and are diversifying their product portfolio to cater to the tastes of a wide range of consumers.

North America to Lead the Ready-to-Eat Soup Market with a CAGR of over 6% during 2017-2022

According to the study, North America will continue to be one of the leading markets for ready-to-soup over the forecast period. Sales of ready-to-eat soups are relatively higher in countries with harsh winters, and the US with its established food & beverage industry and expansive distribution channels continues to lead the rally. The study opines that ready-to-eat soups will continue to outsell other variants in North America.

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The ready-to-eat soup market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Premier Foods PLC, Baxters Food Group Ltd, New Covent Garden Soup Co., Ltd., Amys Kitchen Inc., Campbell Soup Co., and many more.

The keyword market report addresses the below-mentioned queries:

  • Why are vendors shifting away from traditional methods of manufacturing keyword?
  • How does the global keyword market looks like in the next five years?
  • Which end use industry is expected to surpass segment by the end of 2022?
  • What innovative products are being introduced by the players in the global keyword market?
  • Which regions are showing the fastest market growth?

Another challenge for the ready-to-eat soup market is the extensive use of preservative to extend the shelf life of the soups. Rising health consensus among consumers, coupled with the known health impacts of preservatives can create reluctance among consumers. The study finds that constantly fluctuating prices of raw materials continue to pose challenges in terms of supply-demand.

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