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Report World - Soups and Broths - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Soups and Broths - Market Analysis, Forecast, Size, Trends and Insights

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Global Soups Market 2024

Soups Market Size

The global soups market shrank slightly to $X in 2021, dropping by -2% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the market value increased by 7.7%. Over the period under review, the global market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Soups Production

In value terms, soups production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2017 with an increase of 11%. Global production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Soups Exports

Exports

In 2021, after five years of growth, there was decline in shipments abroad of soups and broths, when their volume decreased by -3.8% to X tons. The total export volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 9.3% against the previous year. The global exports peaked at X tons in 2020, and then dropped slightly in the following year.

In value terms, soups exports totaled $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 8.9%. Over the period under review, the global exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

In 2021, the United States (X tons), distantly followed by Canada (X tons), Senegal (X tons) and Spain (X tons) represented the main exporters of soups and broths, together committing 47% of total exports. The Netherlands (X tons), Germany (X tons), Poland (X tons), South Africa (X tons), Guatemala (X tons), Turkey (X tons), Italy (X tons), China (X tons) and Thailand (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +11.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the largest soups supplier worldwide, comprising 21% of global exports. The second position in the ranking was taken by Canada ($X), with a 5.5% share of global exports. It was followed by Germany, with a 5.1% share.

In the United States, soups exports increased at an average annual rate of +4.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Canada (-0.1% per year) and Germany (-1.5% per year).

Export Prices by Country

In 2021, the average soups export price amounted to $X per ton, picking up by 7.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the other global leaders experienced more modest paces of growth.

Soups Imports

Imports

In 2021, supplies from abroad of soups and broths decreased by -0.9% to X tons for the first time since 2018, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 17% against the previous year. Global imports peaked at X tons in 2020, and then declined modestly in the following year.

In value terms, soups imports stood at $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 12% against the previous year. Over the period under review, global imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, the United States (X tons), distantly followed by Canada (X tons) and Germany (X tons) were the main importers of soups and broths, together generating 35% of total imports. France (X tons), the Netherlands (X tons), Mexico (X tons), Mali (X tons), Belgium (X tons), the UK (X tons), Hong Kong SAR (X tons), Australia (X tons), Sweden (X tons) and Mozambique (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +12.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest soups importing markets worldwide were the United States ($X), Canada ($X) and Mexico ($X), together comprising 28% of global imports. These countries were followed by Germany, France, the Netherlands, the UK, Hong Kong SAR, Belgium, Mali, Australia, Sweden and Mozambique, which together accounted for a further 30%.

Mozambique, with a CAGR of +8.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average soups import price amounted to $X per ton, with an increase of 10% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of soups consumption in 2021 were China, the United States and India, together accounting for 31% of global consumption. Japan, Russia, the UK, Brazil, France, Indonesia, Pakistan, Nigeria, Bangladesh and Spain lagged somewhat behind, together comprising a further 27%.
The countries with the highest volumes of soups production in 2021 were China, the United States and India, with a combined 32% share of global production. Japan, Russia, the UK, Brazil, Spain, Indonesia, Pakistan, France, Nigeria and Bangladesh lagged somewhat behind, together accounting for a further 27%.
In value terms, the United States remains the largest soups supplier worldwide, comprising 21% of global exports. The second position in the ranking was occupied by Canada, with a 5.7% share of global exports. It was followed by Germany, with a 5.3% share.
In value terms, the United States, Mexico and Canada were the countries with the highest levels of imports in 2021, with a combined 33% share of global imports.
The average soups export price stood at $2,476 per ton in 2021, growing by 4.9% against the previous year.
The average soups import price stood at $2,522 per ton in 2021, picking up by 8.9% against the previous year.

This report provides an in-depth analysis of the global soups market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10891100 - Soups and broths and preparations therefor

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Campbell Soup Company, ConAgra Foods, General Mills, Greencore Group, Hain Celestial Group, Amy's Kitchen, Baxters Food Group, Kettle Cuisine, New Covent Garden, Pacific Foods, The Real Soup Company

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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