MCP-2225: SOUPS – A GLOBAL STRATEGIC BUSINESS REPORT

World Soups Market to Reach 4.6 Million Metric Tons by 2010, According to New Report by Global Industry Analysts, Inc.

With growing preference for convenience foods across the globe, the market for soups is experiencing a steady rise, leading to introduction of several new variants. Convenience foods, such as frozen foods, ready-to-serve soups, seasonings, and noodles have fast established a significant position worldwide. Moreover, soups have transformed from a snack-food to an easy substitute for a three-course meal.

San Jose, California (PRWEB), April 29, 2008 -- Convenience and superior taste are the major factors that are expected to drive growth in near future. Given the growing levels of health consciousness among modern consumers, organic soups are forecasted to rise in popularity in the upcoming years. Soup industry is the largest user of dehydrated vegetables. Dried packet soups use hot air processed vegetables while instant soups make use of freeze-dried, puff-dried, and precooked vegetables. Lesser quantity of vegetables is used in canned and frozen soups. Frozen soups offer better formulation flexibility and finished quality, in comparison with canned soups. The dynamic soups sector is characterized by a string of innovative product introductions by major producers. There have been several product launches by major soup manufacturers especially in the condensed and ready-to-serve categories, in recent years. The soups market worldwide is witnessing introduction of new varied herbal, fruity and vegetable flavors driven by consumer demand for new and exotic flavors. Accordingly, marketers are innovating on flavor improvements to make aromatic compounds with natural flavors. Seasonality greatly influences the type of soup consumed. Previously, when soup was considered a cold-weather food, highest sales were recorded during fall, winter and early spring, and lowest during summer. However, this trend is fast changing with the introduction of several chilled and refrigerated soups. Chilled and refrigerated soups is fast emerging into the fastest growing segment in the world market.

World market for soups is projected reach 4.6 million metric tons by the year 2010. Canned Soups Market in Asia-Pacific is forecasted to reach 93.76 thousand metric tons by the year 2012. In Europe Dehydrated Soups is forecasted to grow at a CAGR of 5.76% over the years 2011 through 2015, as stated by Global Industry Analysts Inc,

Key players operating in the industry include - Ajinomoto Co. Inc., Baxters of Speyside Ltd, Campbell Soup Co., ConAgra Foods Inc., Bay Valley Foods LLC, H. J. Heinz Co, Nestle SA, Premier Foods Plc, The Hain Celestial Group, Unilever PLC, Hindustan Unilever Limited, and Unilever Foodsolutions, among others.

“Soups: A Global Strategic Business Report” published by Global Industry Analysts, Inc, provides a comprehensive review of market trends, drivers, product profile, recent developments, mergers, acquisitions, profiles of major players and other strategic industry activities. The soups market is analyzed in thousand metric tons by the following geographic regions – United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America, and Rest of World.

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