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  4. Convenience Food

Soups - EMEA

EMEA
  • Revenue in the Soups market amounts to US$20.92bn in 2024. The market is expected to grow annually by 6.55% (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$8.57 are generated in 2024.
  • In the Soups market, volume is expected to amount to 4.54bn kg by 2029. The Soups market is expected to show a volume growth of 2.8% in 2025.0.
  • The average volume per person in the Soups market is expected to amount to 1.6kg 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 the Convenience Food Market of EMEA is slowly growing, influenced by factors such as the increasing popularity of digital technologies, growing health consciousness, and the convenience of online health services. Despite minimal growth, the market is being impacted by various factors.

Customer preferences:
As consumers become more health conscious, demand for convenient and nutritious food options is rising. This has led to a growing interest in plant-based and organic soups, as well as gluten-free and low-sodium options. Additionally, there is a growing trend towards pre-packaged soups with convenient single-serving sizes, catering to busy lifestyles and on-the-go consumption. This shift towards healthier and more convenient options is also influenced by the increasing focus on sustainability and ethical sourcing in the food industry.

Trends in the market:
In EMEA and Soups Market of the Convenience Food Market within The Food market, there is a notable trend towards healthier and more diverse options. Consumers are increasingly seeking out low-sodium, organic, and plant-based soup choices. In addition, there is a growing demand for ready-to-eat soups that cater to specific dietary needs such as gluten-free or vegan. This trend towards healthier and more specialized soups is expected to continue, driven by rising health consciousness and changing consumer preferences. Industry stakeholders should focus on expanding their product offerings to meet these demands and invest in innovative packaging and marketing strategies to appeal to health-conscious consumers.

Local special circumstances:
In the EMEA region, the Soups Market of the Convenience Food Market within The Food market is heavily influenced by the diverse cultural preferences and dietary habits of the countries within the region. For example, in countries like France and Italy, there is a strong demand for traditional, homemade-style soups made with fresh, locally-sourced ingredients. In contrast, countries in Eastern Europe have a preference for more hearty and filling soups with meat or potatoes. These differences in taste and preferences create unique opportunities and challenges for companies operating in this market. Additionally, the strict regulatory environment in some countries, such as Germany, can limit the use of certain ingredients or additives in soups, requiring companies to adapt their recipes to meet local standards.

Underlying macroeconomic factors:
The Soups Market of the Convenience Food Market within The Food market is also impacted by macroeconomic factors, such as changing consumer lifestyles, economic stability, and government policies. In countries with a growing middle class and rising disposable incomes, there is an increasing demand for convenience food products, including soups. On the other hand, economic downturns and unstable political climates can affect consumer spending and negatively impact the growth of the market. Additionally, government policies that promote healthy eating and nutrition can influence consumer preferences and drive market growth for healthier soup options. Overall, the performance of the Soups Market is closely tied to the overall economic health of a country and its consumer purchasing power.

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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