Market Insights Consumer Food Convenience Food

Soups - GCC

Revenue in the Soups market amounts to US$1.92bn in 2024. The market is expected to grow annually by 4.30% (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$31.83 are generated in 2024.
In the Soups market, volume is expected to amount to 0.40bn kg by 2029. The Soups market is expected to show a volume growth of 2.1% in 2025.
The average volume per person in the Soups market is expected to amount to 6.0kg in 2024.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Soups Market in the GCC is experiencing minimal growth due to factors such as limited consumer awareness and lack of convenience in online services. However, the market is expected to see steady growth with increasing adoption of digital technologies and rising health consciousness among consumers.

Customer preferences: With the rise of health-consciousness in the GCC and Soups Market, there has been a shift towards healthier convenience food options. Consumers are increasingly opting for soups made with natural ingredients and free from artificial additives. This trend is driven by a growing awareness of the negative impact of processed foods on health, as well as a desire for more clean-label and sustainable food choices. This has led to a rise in demand for locally-sourced and organic soups, catering to the preferences of health-conscious and environmentally-conscious consumers in the region.

Trends in the market: In the GCC and Soups Market of the Convenience Food Market within The Food market, there is a growing trend towards healthier soup options, with a focus on natural and organic ingredients. This trend is driven by increasing consumer awareness about the benefits of clean eating and a desire for more nutritious options. Furthermore, there is a rise in demand for plant-based soups, as consumers are looking for alternatives to traditional meat-based options. This trend is expected to continue, with industry stakeholders investing in product innovation and expanding their product offerings to cater to this demand. Additionally, there is a growing market for ready-to-eat soups, as consumers are seeking convenient and time-saving meal options. This trend is significant for industry stakeholders as it presents opportunities for growth and diversification, while also providing potential health benefits for consumers. However, it also poses challenges in terms of meeting consumer expectations and maintaining profitability. As such, companies need to continue monitoring these trends and adapt their strategies accordingly to stay competitive in the market.

Local special circumstances: In the GCC and Soups Market of the Convenience Food Market within The Food market, local factors such as the hot climate and the influence of traditional cuisine have shaped consumer preferences for soups. Additionally, stringent food safety regulations and the growing demand for healthier options have led to the development of more organic and low-sodium soups in the region. The cultural importance of hospitality and sharing meals has also contributed to the popularity of instant and ready-to-eat soups, as they provide a quick and convenient solution for hosting guests.

Underlying macroeconomic factors: The Soups Market of the Convenience Food Market within The Food market is impacted by macroeconomic factors such as consumer spending power, population growth, and changing dietary preferences. Countries with stable economic conditions and growing middle-class populations are witnessing higher demand for convenience food products, including soups. Additionally, government initiatives to promote healthy eating habits and the rising trend of on-the-go consumption are also contributing to the growth of the Soups Market. On the other hand, economic downturns and inflation can negatively affect consumer purchasing power, leading to a decline in market growth.

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.