Soups - Timor-Leste | Statista Market Forecast

Revenue in the Soups market amounts to US$2.54m in 2024. The market is expected to grow annually by 8.35% (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$1.84 are generated in 2024.
In the Soups market, volume is expected to amount to 1.68m kg by 2029. The Soups market is expected to show a volume growth of 8.5% in 2025.0.
The average volume per person in the Soups market is expected to amount to 0.9kg 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 Soups Market in Timor-Leste has shown subdued growth due to various factors such as limited access to technology, low health awareness among consumers, and challenges in providing convenient online services. These challenges have hindered the market's growth rate, but there is potential for growth as digital technologies become more accessible in the country.

Customer preferences: The Soups Market in Timor-Leste has seen a rise in demand for convenient and healthy options, driven by the growing number of health-conscious consumers. This has led to a surge in demand for soups made with fresh and organic ingredients, as well as plant-based and gluten-free options. Additionally, there has been a shift towards more sustainable packaging and production methods, as consumers become more environmentally conscious. This trend is also influenced by Timor-Leste's strong cultural emphasis on natural and traditional foods.

Trends in the market: In Timor-Leste, the Soups Market of the Convenience Food Market within The Food market has seen a rise in demand for healthier options, with consumers increasingly looking for soups made with natural ingredients and free from preservatives. This trend is expected to continue, as health and wellness concerns continue to drive purchasing decisions. Industry stakeholders should take note of this shift and consider adjusting their product offerings to cater to this growing demand for healthier options. This could include incorporating more organic and locally sourced ingredients, as well as promoting the health benefits of their soups to appeal to health-conscious consumers. Additionally, the use of sustainable packaging materials could also be a key factor in attracting environmentally conscious customers.

Local special circumstances: In Timor-Leste, the Soups Market of the Convenience Food Market within The Food market is heavily influenced by the country's geographical location. Being an island nation, Timor-Leste relies heavily on imports for its food supply, making convenience foods such as soups a popular choice. Additionally, the local cuisine is heavily influenced by Portuguese and Indonesian flavors, leading to a unique demand for soups with a fusion of these cultural tastes. This, coupled with limited access to fresh ingredients, drives the market for convenience soups in Timor-Leste.

Underlying macroeconomic factors: Furthermore, the Soups Market of the Convenience Food Market within The Food market in Timor-Leste is impacted by macroeconomic factors such as the country's overall economic growth and stability. As one of the world's least developed countries, Timor-Leste faces challenges in terms of infrastructure and access to resources. This can affect the production and distribution of convenience foods, including soups, and may lead to higher prices and limited availability. In addition, fiscal policies and government regulations can also impact the market, with changes in taxes and import/export regulations potentially affecting the cost and availability of soups in the market. As such, the growth of the Soups Market in Timor-Leste is closely tied to the country's economic health and policies.

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.