Soups - Uganda | Statista Market Forecast

Revenue in the Soups market amounts to US$20.92m in 2024. The market is expected to grow annually by 9.30% (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$0.42 are generated in 2024.
In the Soups market, volume is expected to amount to 8.28m kg by 2029. The Soups market is expected to show a volume growth of 2.6% in 2025.0.
The average volume per person in the Soups market is expected to amount to 0.1kg 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 Uganda's Convenience Food Market has seen moderate growth, impacted by factors such as limited consumer awareness and availability of convenient options. Despite this, the market is expected to continue growing due to increasing demand for quick and easy meal options.

Customer preferences: In Uganda, there has been a growing preference for convenient and easy-to-prepare meals, leading to a rise in demand for convenience food products, such as soups. This trend is largely driven by a busy urban lifestyle and an increase in dual-income households. Additionally, with the influx of Western influence, there has been a rise in demand for international soup flavors, such as tomato basil and chicken noodle. This trend is fueled by a desire for diversity and experimentation in food choices.

Trends in the market: In Uganda, the Convenience Food Market has seen a rise in demand for soups, with consumers seeking quick and easy meal options. Similarly, in the Soups Market, there is a growing trend of incorporating locally sourced and organic ingredients, as consumers become more health-conscious. This has led to an increase in product innovation and marketing efforts by industry players. Additionally, in South Africa, there is a rising demand for soups with unique flavors and ethnic influences, catering to the diverse population. These trends signal a shift towards healthier and more diverse options in the Convenience Food Market, presenting opportunities for industry stakeholders to tap into new markets and cater to evolving consumer preferences.

Local special circumstances: In Uganda, the Soups Market within the Convenience Food Market is heavily influenced by the country's warm climate and agricultural landscape. The availability of fresh local ingredients such as vegetables, herbs, and spices, contributes to the unique flavor profiles of Ugandan soups. Additionally, cultural traditions and preferences also play a significant role in shaping the market dynamics, with soups being a staple dish in many households. The market is also impacted by regulatory measures, such as restrictions on imported ingredients, promoting the use of locally sourced products in soups.

Underlying macroeconomic factors: The Convenience Food Market within The Food market in Uganda and Soups Market are impacted by macroeconomic factors such as economic stability, consumer purchasing power, and government policies. Countries with stable economies and high consumer spending are likely to experience higher demand for convenience food products, including soups. Moreover, favorable government policies that support the growth of the food industry and investments in infrastructure can further boost market growth. However, economic downturns and unfavorable regulatory environments can hinder market growth and limit consumer spending on convenience food products.

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.