Soups - Costa Rica | Statista Market Forecast

Revenue in the Soups market amounts to US$75.83m in 2024. The market is expected to grow annually by 5.48% (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$14.45 are generated in 2024.
In the Soups market, volume is expected to amount to 15.95m kg by 2029. The Soups market is expected to show a volume growth of 3.5% in 2025.0.
The average volume per person in the Soups market is expected to amount to 2.7kg 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 Costa Rica's Convenience Food Market is experiencing slight growth, influenced by factors like the increasing availability of digital technology and growing health consciousness among consumers. However, this growth rate is impacted by the country's minimal growth in The Food market.

Customer preferences: As consumers in Costa Rica continue to prioritize convenience and efficiency, the Soups Market of the Convenience Food Market within The Food market has seen a rise in demand for ready-to-eat soups and broth. This trend is driven by busy lifestyles and a desire for quick and easy meal options. Additionally, there has been an increased interest in healthier and more natural soup options, such as organic and plant-based soups, reflecting a growing focus on health and wellness among consumers in the country.

Trends in the market: In Costa Rica, the Soups Market of the Convenience Food Market within The Food market is experiencing a surge in demand for healthier and more sustainable options. This trend is being driven by the increasing awareness of the impact of processed foods on health and the environment. As a result, there has been a rise in the availability of organic and plant-based soups, as well as options for those with dietary restrictions. This trend is expected to continue, as consumers prioritize their health and seek out more environmentally friendly food options. It also presents an opportunity for industry stakeholders to tap into this growing market segment and cater to the changing preferences of consumers.

Local special circumstances: In Costa Rica, the Soups Market of the Convenience Food Market within The Food market is heavily influenced by the country's focus on sustainability and organic produce. This has led to a rise in demand for locally sourced, natural ingredients in soups, as well as a push towards environmentally-friendly packaging. Additionally, Costa Rican cuisine heavily relies on soups as a staple dish, making the soups market a significant part of the country's food industry. This unique cultural aspect drives innovation and diversity in soups, creating a competitive market with a focus on traditional flavors and ingredients.

Underlying macroeconomic factors: The Soups Market of the Convenience Food Market within The Food market in Costa Rica is strongly influenced by macroeconomic factors such as economic growth, consumer spending patterns, and government policies. As the overall economy of Costa Rica continues to grow, consumers have more disposable income to spend on convenience food products, including soups. Additionally, government initiatives to promote healthy eating habits and increase food safety standards are driving the demand for high-quality soups in the market. Moreover, the increasing urbanization and busy lifestyles of consumers are also contributing to the growth of the Soups Market, as more people look for convenient and quick meal options.

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.