Key regions: United Kingdom, Russia, Philippines, United States, Spain
The Soups Market in Eastern Europe has experienced modest growth due to factors such as changing consumer preferences, increased health consciousness, and the convenience of online shopping. However, this growth rate is subdued compared to other markets in The Food market, as the region is still adapting to digital technologies and online services.
Customer preferences: The Soups Market of the Convenience Food Market in Eastern Europe is experiencing a rise in demand for healthier and more natural options, as consumers become more health-conscious. This trend is driven by the growing awareness of the negative effects of processed foods and the increasing preference for traditional and homemade soups. Additionally, the rise in vegetarian and vegan diets in the region has also led to a demand for plant-based soup options.
Trends in the market: In Eastern Europe, the Soups Market within the Convenience Food Market is experiencing a rise in demand for healthier and more natural soup options. This trend is driven by a growing awareness of the benefits of a balanced diet and an increase in health-conscious consumers. As a result, companies are introducing new products with clean and simple ingredient lists, catering to the demand for healthier options. This trend is expected to continue in the coming years, with potential implications for industry stakeholders such as increased competition and a need for innovation in product development.
Local special circumstances: In Eastern Europe, the Soups Market of the Convenience Food Market within The Food market is heavily influenced by the region's history and culture. The use of traditional ingredients and recipes in soups is a significant factor in the market's growth. Additionally, the region's fast-paced lifestyle and growing demand for convenience have led to the popularity of pre-packaged soups. Regulatory factors, such as food safety regulations and labeling requirements, also play a role in shaping the market. These unique local factors make the Soups Market in Eastern Europe a dynamic and evolving industry, catering to the diverse needs and preferences of the region's consumers.
Underlying macroeconomic factors: The Soups Market of the Convenience Food Market within The Food market is heavily influenced by macroeconomic factors, such as economic stability, consumer spending power, and government policies. Countries with a stable economy and high consumer spending power are experiencing higher growth in the soups market compared to regions with economic uncertainty and lower consumer spending. Additionally, government initiatives to promote healthy eating habits and the rising popularity of convenience food options are driving the demand for soups in Eastern Europe. Furthermore, the increasing urbanization and busy lifestyles in this region are also contributing to the growth of the Soups Market within the Convenience Food Market.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
