Market Insights Consumer Food Convenience Food

Soups - Denmark

Denmark

Revenue in the Soups market amounts to US$100.40m in 2024. The market is expected to grow annually by 4.63% (CAGR 2024-2029).
In global comparison, most revenue is generated in Indonesia (US$10,110m in 2024).
In relation to total population figures, per person revenues of US$16.91 are generated in 2024.
In the Soups market, volume is expected to amount to 20.86m kg by 2029. The Soups market is expected to show a volume growth of 3.6% in 2025.
The average volume per person in the Soups market is expected to amount to 3.1kg in 2024.

Key regions: United Kingdom, Russia, Philippines, United States, Spain

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Analyst Opinion

The Soups Market in Denmark has seen minimal growth in recent years, influenced by factors such as the increasing popularity of healthy and convenient food options, as well as rising consumer awareness about the importance of a balanced diet. The Convenience Food Market as a whole has also contributed to the growth of the Soups Market, with more consumers opting for quick and easy meal solutions.

Customer preferences: As demand for convenient and healthy food options continues to rise, the Soups Market of the Convenience Food Market within The Food market is seeing a growing interest in plant-based and organic soups. This trend is driven by a shift towards more sustainable and environmentally friendly food choices, as well as a growing awareness of the health benefits of plant-based diets. Additionally, younger consumers are increasingly seeking out unique and exotic flavors in their soups, reflecting a desire for new and diverse culinary experiences.

Trends in the market: In Denmark, the Soups Market of the Convenience Food Market is experiencing a shift towards healthier options, with a focus on plant-based and organic soups. This trend is driven by an increasing demand for healthier and more sustainable food choices among consumers. Additionally, there is a growing trend of convenience stores offering fresh and ready-to-eat soups, catering to busy urban consumers. These trends are expected to continue in the coming years, presenting opportunities for industry stakeholders to innovate and expand their product offerings.

Local special circumstances: In Denmark, the Soups Market of the Convenience Food Market within The Food market is heavily influenced by the country's strong emphasis on sustainability and organic food products. This has led to a rise in demand for locally sourced and environmentally friendly soups, with companies focusing on reducing their carbon footprint and using natural ingredients. Additionally, Denmark's strict food regulations have led to a high level of consumer trust, making it a key factor in the market's growth.

Underlying macroeconomic factors: The Soups Market of the Convenience Food Market within The Food market in Denmark is influenced by macroeconomic factors such as consumer spending patterns, economic stability, and government policies. With the rise in disposable income and changing dietary preferences, the demand for convenient and ready-to-eat soups is increasing. Additionally, Denmark's strong economy and stable political environment have created a conducive market for the growth of the convenience food sector. Furthermore, the government's initiatives to promote healthy eating habits and reduce food waste have also positively impacted the soups market in the country.

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.