Soups - Chad | Statista Market Forecast

Revenue in the Soups market amounts to US$10.35m in 2024. The market is expected to grow annually by 11.41% (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$0.55 are generated in 2024.
In the Soups market, volume is expected to amount to 4.08m kg by 2029. The Soups market is expected to show a volume growth of 9.0% in 2025.0.
The average volume per person in the Soups market is expected to amount to 0.1kg 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.

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

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

The Soups Market in Chad nan, within the Convenience Food Market, is seeing subdued growth due to various factors, including low health awareness and limited access to digital technologies. However, the convenience offered by online services is driving some growth in this market.

Customer preferences: Consumers are increasingly seeking convenient and time-saving meal options, leading to a rise in demand for pre-packaged soups in the Convenience Food Market. This trend is driven by busy lifestyles and the need for quick and easy meal solutions. Additionally, there is a growing demand for healthier and more nutritious options, with consumers gravitating towards soups made with natural ingredients and fewer preservatives. This shift towards healthier convenience food options is also influenced by the growing awareness of the link between diet and overall well-being.

Trends in the market: In Chad, the Soups Market of the Convenience Food Market is experiencing a rise in demand for healthier and more natural soup options. This trend is driven by consumers' increasing awareness of the health benefits of organic and plant-based ingredients. In addition, there is a growing demand for convenience and on-the-go options, leading to the introduction of single-serve soups and soup cups. These trends are expected to continue, with the potential for new product innovations and partnerships with health food brands. Industry stakeholders should focus on meeting the demand for healthier and convenient options to stay competitive in the market.

Local special circumstances: In Chad, the Soups Market of the Convenience Food Market within The Food market is influenced by the country's limited access to fresh and diverse food options. This has led to a high demand for convenience foods, especially soups, which require minimal preparation. Additionally, the hot and dry climate in Chad makes soups a popular choice for meals due to their hydrating and nourishing properties. The market is also shaped by the country's cultural preference for soups as a staple dish, which has been passed down through generations. Furthermore, Chad's regulatory environment, which is still developing, has resulted in a fragmented market with a mix of local and international players.

Underlying macroeconomic factors: The Soups Market of the Convenience Food Market within The Food market is heavily impacted by macroeconomic factors such as consumer spending power, inflation rates, and trade policies. The economic health of the country, as well as global trends, can significantly influence the demand for convenience food products. Countries with strong economic growth and stable inflation rates are likely to have a higher demand for convenience food products, while those with weaker economies and high inflation rates may see a decline. Fiscal policies, such as taxes and subsidies, can also affect the affordability and availability of convenience food products in the market. Moreover, trade policies, such as tariffs and import/export regulations, can impact the supply chain and pricing of convenience food products, further influencing the market performance in the given country.

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.