Soups - Northern Europe | Statista Market Forecast

Revenue in the Soups market amounts to US$490.40m in 2024. The market is expected to grow annually by 4.09% (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$14.47 are generated in 2024.
In the Soups market, volume is expected to amount to 92.81m kg by 2029. The Soups market is expected to show a volume growth of 2.7% in 2025.0.
The average volume per person in the Soups market is expected to amount to 2.5kg 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 Soup market in Northern Europe is experiencing slow growth, with factors such as changing consumer preferences and increasing demand for healthier options impacting the growth rate. Convenience and convenience food are key drivers for this market's growth.

Customer preferences: As consumers become more health-conscious, there has been a growing demand for convenient and nutritious meal options, including soups, in the Convenience Food Market within The Food market. This trend is particularly evident in Northern Europe, where there is a strong focus on healthy eating and lifestyle choices. As a result, there has been an increase in the availability of plant-based and organic soups, catering to the growing demand for natural and sustainable products. Additionally, with a rise in vegetarian and vegan diets, there has been a shift towards soups with alternative protein sources, such as legumes and plant-based proteins. This reflects the evolving preferences of consumers and their desire for healthier and more environmentally friendly food options.

Trends in the market: In Northern Europe, convenience and health are becoming increasingly important factors in the Soups Market of the Convenience Food Market within The Food market. Consumers are seeking out nutritious, convenient options that align with their busy lifestyles. This has led to a rise in demand for organic, plant-based, and gluten-free soups. Additionally, there is a growing trend towards sustainability and ethical sourcing, with consumers looking for products that are environmentally friendly and support local communities. This presents a significant opportunity for industry stakeholders to tap into these consumer preferences and offer innovative, sustainable, and healthy soup options.

Local special circumstances: In Northern Europe, the Soups Market of the Convenience Food Market within The Food market is heavily influenced by the region's emphasis on sustainability and health-consciousness. Consumers in countries such as Sweden and Denmark prioritize locally-sourced and organic ingredients, leading to a rise in demand for premium soups made from natural and environmentally-friendly ingredients. Additionally, strict food regulations in these countries drive manufacturers to produce soups with limited preservatives and additives, further catering to the health-conscious consumer.

Underlying macroeconomic factors: The Soups Market of the Convenience Food Market within The Food market is heavily influenced by macroeconomic factors such as consumer spending, inflation rates, and economic growth. Countries with stable economic conditions and high consumer spending power are experiencing a strong demand for convenience food products, including soups. In addition, favorable fiscal policies and government support for the food industry are also contributing to the growth of the market. However, countries with economic instability and low consumer confidence are facing challenges in the growth of the Soups Market. Moreover, changing dietary habits and increasing health consciousness among consumers are also impacting the demand for soups in 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.