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Soups - Central & Western Europe

Central & Western Europe
  • Revenue in the Soups market amounts to US$8.58bn in 2024. The market is expected to grow annually by 3.54% (CAGR 2024-2029).
  • In global comparison, most revenue is generated Indonesia (US$10bn in 2024).
  • In relation to total population figures, per person revenues of US$25.59 are generated in 2024.
  • In the Soups market, volume is expected to amount to 1.51bn kg by 2029. The Soups market is expected to show a volume growth of 1.4% in 2025.0.
  • The average volume per person in the Soups market is expected to amount to 4.2kg in 2024.

Definition:

The Soups market covers any type of soup that is ready for consumption immediately after purchase or after heating. These soups require minimal preparation by the consumer and included instant soups that typically come in powdered form and broth or liquid soups that are purchased in prepared form such as tinned soups.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Dehydrated soup
  • Tinned and other packaged soup
  • Broth
  • Canned soups and stews
  • Fondue soup
  • Frozen soups, Instant miso soup

Out-Of-Scope

  • Other ready-to-eat meals
  • Out-of-home consumption

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Volume

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Price

Most recent update: Sep 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Nov 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Sep 2024

Source: Statista Market Insights

Analyst Opinion

The Soups Market in Central & Western Europe is experiencing negligible growth, impacted by factors such as changing consumer preferences, increasing competition, and fluctuating raw material prices. Convenience and innovation in soup products are also driving market growth.

Customer preferences:
In Central & Western Europe, the Soups Market of the Convenience Food Market within The Food market is seeing a rise in demand for healthier and more diverse options. This is driven by an increasing focus on personal health and wellness, with consumers seeking soups that cater to dietary restrictions and provide added nutritional benefits. Moreover, there is a growing preference for convenient and on-the-go soup formats, as busy lifestyles and a rise in single-person households drive the need for quick and easy meal solutions. This trend is also reflected in the popularity of plant-based and organic soups, as consumers become more environmentally and health-conscious.

Trends in the market:
In Central & Western Europe, the Soups Market of the Convenience Food Market within The Food market is experiencing a shift towards healthier options, with a focus on clean and natural ingredients. This trend is driven by consumer demand for transparency and sustainability, as well as the rise of health-conscious and eco-friendly lifestyles. As a result, companies are introducing new soup flavors and varieties that cater to these preferences, such as plant-based and organic options. This trend is expected to continue, with potential implications for industry stakeholders including increased competition, product innovation, and the need for sustainable sourcing and production methods.

Local special circumstances:
In Central and Western Europe, the Soups Market of the Convenience Food Market within The Food market is influenced by the region's strong culinary traditions and preferences. Germany, for example, has a strong preference for hearty and filling soups, while France is known for its gourmet and sophisticated soups made with fresh, local ingredients. Additionally, strict regulations on food labeling and ingredients also play a significant role in shaping the market. In countries like Italy and Spain, where convenience foods are not as popular, the Soups Market is driven by the demand for traditional and authentic flavors, making it a unique market within the Convenience Food industry.

Underlying macroeconomic factors:
The Soups Market of the Convenience Food Market within The Food market is greatly influenced by macroeconomic factors in Central & Western Europe. The region's stable economic growth, along with rising disposable incomes and changing consumer lifestyles, are driving the demand for convenience foods, including soups. Additionally, the increasing urbanization and busy working schedules in these countries have led to a shift towards on-the-go and ready-to-eat meals, further boosting the market for soups. Moreover, the region's strict food safety regulations and growing health consciousness among consumers are also driving the demand for healthier and organic soup options. These factors, combined with the rising demand for convenience foods, are expected to fuel the growth of the Soups Market in Central & Western Europe in the coming years.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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