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  • Soup Market Overview, Key Players Analysis, Comprehensive Research Study, Competitive Landscape and Forecast to 2027

    The global soup market size is expected to foresee significant growth by exhibiting a CAGR of 2.79% between 2020 and 2027. Factors such as increasing demand for convenience food products and rapid urbanization is anticipated to propel the market to reach USD 21.0 Billion by 2027. Fortune Business Insights, publish this information in its latest report, titled “Soup Market Size, Share & COVID-19 Impact Analysis, By Type (Instant, Dehydrated, Canned, Chilled, and Others), Distribution Channel (Hypermarket/Supermarket, Convenience Store, Online Retail, and Others), and Regional Forecast, 2020 – 2027.” The reports further observes that the market was worth USD 16.12 Billion in 2019.

    What does the Report Include?

    The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. Moreover, the report includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026.

    List of the Companies Operating in the Market:

    The Campbell Soup Company
    Nestlé S.A
    Baxters Food Group Limited
    General Mills, Inc
    Conagra Brands, Inc.
    Premier Foods Group Limited
    The Kraft Heinz Company
    Hindustan Unilever Limited
    Ottogi Co., Ltd
    Associated British Foods plc
    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/soup-market-102838

    Drivers and Restraints:

    Increasing Consumption of Convenience Foods to Aid Growth

    Increasing density of population and high disposable income is driving the demand for convenience food products across the globe. The people owing to hectic work life prefer several food products that are ready-to-eat and can be consumed instantly. Additionally, increasing number of women working population is anticipated to bolster the growth of the market in the forthcoming years. Furthermore, the manufacturers are innovating their products to cater to the increasing demand of the consumers. Moreover, growing demand for packaged food products among developed and developing economies will bode well for the growth of the market. For instance, according to the Canada Agri-food report, China registered a total sales value of USD 272, 741 Million in 2019 and is further anticipated to grow at a rate of 7%.


    Regional Analysis:

    Large Consumer Base in Europe to Promote Growth

    Among the regions, Europe is expected to remain at the forefront and register highest global soup market revenue during the projected horizon. In addition to this, Europe was worth USD 6.07 Billion in 2019 and is likely to grow significantly. This is ascribable to factors such as presence of large consumer base and high demand for processed foods in the region. North America, on the other hand, is anticipated to be the second-most leading region in the forthcoming years. This is attributable to factors such as large consumer base that prefers instant food products.


    Competitive Landscape:

    Ritzy West End Introducing a $15 Takeaway Package to Stimulate Growth

    In May 2020, Ritzy West End’s Chef Ris Lacoste announced its $15 care packages that is available for delivery and takeaway in D.C. amid the widespread effects of novel coronavirus. In times of chaos and hardship, the West End restaurant is offering its care packages that include a salad of the week, fresh baked bread, and pint-sized soups without charging any delivery fees. Like Ritzy’s, there are several others who are helping the cause to uplift the people who are suffering from devastating effects. Furthermore, adoption of strategies such as novel product launch, collaboration, and merger and acquisition by the companies will positively affect the growth of the market between 2020 and 2027.

    Industry Development:

    January 2020: Clarity Food Ventures LLC introduced its new range of refrigerated soupy kits, Soup Explorers. According to the company, the food product involves less preparation time and includes several new flavors such as Vietnamese Vegetable Pho, American Chicken Noodle, and Moroccan Chilled Cucumber, among others. The introduction of the product is likely to cement its position in the global marketplace
    Soup Market Overview, Key Players Analysis, Comprehensive Research Study, Competitive Landscape and Forecast to 2027 The global soup market size is expected to foresee significant growth by exhibiting a CAGR of 2.79% between 2020 and 2027. Factors such as increasing demand for convenience food products and rapid urbanization is anticipated to propel the market to reach USD 21.0 Billion by 2027. Fortune Business Insights, publish this information in its latest report, titled “Soup Market Size, Share & COVID-19 Impact Analysis, By Type (Instant, Dehydrated, Canned, Chilled, and Others), Distribution Channel (Hypermarket/Supermarket, Convenience Store, Online Retail, and Others), and Regional Forecast, 2020 – 2027.” The reports further observes that the market was worth USD 16.12 Billion in 2019. What does the Report Include? The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. Moreover, the report includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026. List of the Companies Operating in the Market: The Campbell Soup Company Nestlé S.A Baxters Food Group Limited General Mills, Inc Conagra Brands, Inc. Premier Foods Group Limited The Kraft Heinz Company Hindustan Unilever Limited Ottogi Co., Ltd Associated British Foods plc Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/soup-market-102838 Drivers and Restraints: Increasing Consumption of Convenience Foods to Aid Growth Increasing density of population and high disposable income is driving the demand for convenience food products across the globe. The people owing to hectic work life prefer several food products that are ready-to-eat and can be consumed instantly. Additionally, increasing number of women working population is anticipated to bolster the growth of the market in the forthcoming years. Furthermore, the manufacturers are innovating their products to cater to the increasing demand of the consumers. Moreover, growing demand for packaged food products among developed and developing economies will bode well for the growth of the market. For instance, according to the Canada Agri-food report, China registered a total sales value of USD 272, 741 Million in 2019 and is further anticipated to grow at a rate of 7%. Regional Analysis: Large Consumer Base in Europe to Promote Growth Among the regions, Europe is expected to remain at the forefront and register highest global soup market revenue during the projected horizon. In addition to this, Europe was worth USD 6.07 Billion in 2019 and is likely to grow significantly. This is ascribable to factors such as presence of large consumer base and high demand for processed foods in the region. North America, on the other hand, is anticipated to be the second-most leading region in the forthcoming years. This is attributable to factors such as large consumer base that prefers instant food products. Competitive Landscape: Ritzy West End Introducing a $15 Takeaway Package to Stimulate Growth In May 2020, Ritzy West End’s Chef Ris Lacoste announced its $15 care packages that is available for delivery and takeaway in D.C. amid the widespread effects of novel coronavirus. In times of chaos and hardship, the West End restaurant is offering its care packages that include a salad of the week, fresh baked bread, and pint-sized soups without charging any delivery fees. Like Ritzy’s, there are several others who are helping the cause to uplift the people who are suffering from devastating effects. Furthermore, adoption of strategies such as novel product launch, collaboration, and merger and acquisition by the companies will positively affect the growth of the market between 2020 and 2027. Industry Development: January 2020: Clarity Food Ventures LLC introduced its new range of refrigerated soupy kits, Soup Explorers. According to the company, the food product involves less preparation time and includes several new flavors such as Vietnamese Vegetable Pho, American Chicken Noodle, and Moroccan Chilled Cucumber, among others. The introduction of the product is likely to cement its position in the global marketplace
    Soup Market Size, Share, Trends | Industry Forecast [2020-2027]
    The global soup market size was $16.12 billion in 2019 and is projected to reach $21.0 billion by 2027, exhibiting a CAGR of 2.79% during the forecast period
    WWW.FORTUNEBUSINESSINSIGHTS.COM
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  • Vegan Food Market Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Regional Forecast to 2028

    The global vegan food market size was valued at USD 23.31 billion in 2020. The market is expected to grow from USD 26.16 billion in 2021 to USD 61.35 billion by 2028, exhibiting a CAGR of 12.95% during the forecast period. Rising demand for the product and increasing health consciousness are expected to bolster the market development. Fortune Business Insights™ presents this information in its report titled “Vegan Food Market, 2021-2028.”

    Strong demand for alternative dairy products and meat substitute products is expected to boost the adoption of vegan food. Rising awareness regarding the product’s benefits is expected to boost production adoption. Furthermore, rising health consciousness among consumers leads to the adoption of nutritional meat alternatives. Moreover, companies launch different and innovative products to improve their consumer base and enhance their brand image. These factors may propel market development in the coming years.

    COVID-19 Impact

    Rising Demand for Healthy Vegan Products to Bolster Market Development

    This market is expected to grow positively during the COVID-19 pandemic due to the rising demand for healthy vegan products. Despite increase in cases, the demand for healthy products is expected to increase rapidly. Furthermore, the rising adoption of online shopping and e-commerce is expected to boost the adoption of food products. Moreover, the rising demand for a healthy and nutritional diet is expected to foster market development. These factors may propel the market growth during the pandemic.

    Segments

    Product Type, Distributional Channel, and Region are Studied

    By product type, the market is segmented into vegan meat, vegan milk, and others. As per distributional channel, it is categorized into online retails, convenience stores, supermarkets/hypermarkets, and others. Geographically, it is grouped into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

    Browse Complete Report Summary:

    https://www.fortunebusinessinsights.com/vegan-food-market-106421

    Report Coverage

    The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving & restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

    List of Key Players Profiled in the Report

    Danone S.A. (Paris, France)
    Conagra, Inc. (Illinois, U.S.)
    The Hain Celestial Group, Inc. (New York, U.S.)
    Axiom Foods, Inc. (Los Angeles, U.S.)
    DAIYA FOODS INC. (Burnaby, Canada)
    Alpro (Wevelgem, Belgium)
    Kellogg Company (Michigan, U.S.)
    Amy’s Kitchen (California, U.S.)
    Impossible Foods Inc. (California, U.S.)
    Beyond Meat (California, U.S.)
    Archer Daniels Midland Company (Illinois, U.S.)
    Tofutti Brands, Inc. (New Jersey, U.S.)
    Drivers and Restraints

    Increasing Adoption of Innovative Products to Boost Market Progress

    Strong demand for sustainable materials for food packaging and rise in awareness of animal cruelty are expected to bolster market development. The rising demand for innovative products is expected to bolster industry development. Furthermore, innovative products are expected to bolster market development. As per the information published by a science journal, dairy and meat products generate approximately 60% greenhouse gasses from the agricultural sector. These factors may drive the vegan food market growth.

    However, the rising cost of vegan products is expected to bolster market development.

    Regional Insights

    Presence of Vegetarian Population to Boost Market Growth in North America

    Asia Pacific is expected to dominate the vegan food market share due to the presence of vegetarian population in India. The market in Asia Pacific stood at USD 9.74 billion in 2020 and is expected to gain a huge part of the market share in the coming years. Furthermore, rising investments in innovative and novel products are expected to foster market development. These factors may propel market development in the coming years.

    In North America, many vegan food consumers are expected to boost the product adoption. Furthermore, rising climate awareness and increasing partnerships among brands are expected to drive the growth of the industry.

    In Europe, the presence of major consumer’s vegan consumers and major food chains such as Starbucks and Domino’s is expected to boost market development. Furthermore, rising climate awareness, vegan diet adoption, and the adoption of flexitarian diet are expected to nurture development.

    Competitive Landscape

    Companies Launch Novel Products to Boost Brand Image

    Prominent companies operating in the market introduce novel products to attract consumers and boost brand image. For example, the U.S. retail corporation Target announced a sub-brand titled “Good & Gather Plant-based " in May 2021. The company aims to announce 30 novel plant-based vegan foods under the brand through this launch. Furthermore, companies devise research and development, mergers, acquisitions, and expansions to boost their market position. In addition, the rising adoption of technologically advanced production techniques may enable companies to reduce costs, enhance the production capacity, improve productivity, and achieve goals.

    Industry Development

    February 2021: France-based company Danone completed the acquisition of Follow Your heart for USD 6 million. The company aims to improve its capabilities to develop and launch novel vegan products in the industry.

    Vegan Food Market Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Regional Forecast to 2028 The global vegan food market size was valued at USD 23.31 billion in 2020. The market is expected to grow from USD 26.16 billion in 2021 to USD 61.35 billion by 2028, exhibiting a CAGR of 12.95% during the forecast period. Rising demand for the product and increasing health consciousness are expected to bolster the market development. Fortune Business Insights™ presents this information in its report titled “Vegan Food Market, 2021-2028.” Strong demand for alternative dairy products and meat substitute products is expected to boost the adoption of vegan food. Rising awareness regarding the product’s benefits is expected to boost production adoption. Furthermore, rising health consciousness among consumers leads to the adoption of nutritional meat alternatives. Moreover, companies launch different and innovative products to improve their consumer base and enhance their brand image. These factors may propel market development in the coming years. COVID-19 Impact Rising Demand for Healthy Vegan Products to Bolster Market Development This market is expected to grow positively during the COVID-19 pandemic due to the rising demand for healthy vegan products. Despite increase in cases, the demand for healthy products is expected to increase rapidly. Furthermore, the rising adoption of online shopping and e-commerce is expected to boost the adoption of food products. Moreover, the rising demand for a healthy and nutritional diet is expected to foster market development. These factors may propel the market growth during the pandemic. Segments Product Type, Distributional Channel, and Region are Studied By product type, the market is segmented into vegan meat, vegan milk, and others. As per distributional channel, it is categorized into online retails, convenience stores, supermarkets/hypermarkets, and others. Geographically, it is grouped into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Browse Complete Report Summary: https://www.fortunebusinessinsights.com/vegan-food-market-106421 Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving & restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. List of Key Players Profiled in the Report Danone S.A. (Paris, France) Conagra, Inc. (Illinois, U.S.) The Hain Celestial Group, Inc. (New York, U.S.) Axiom Foods, Inc. (Los Angeles, U.S.) DAIYA FOODS INC. (Burnaby, Canada) Alpro (Wevelgem, Belgium) Kellogg Company (Michigan, U.S.) Amy’s Kitchen (California, U.S.) Impossible Foods Inc. (California, U.S.) Beyond Meat (California, U.S.) Archer Daniels Midland Company (Illinois, U.S.) Tofutti Brands, Inc. (New Jersey, U.S.) Drivers and Restraints Increasing Adoption of Innovative Products to Boost Market Progress Strong demand for sustainable materials for food packaging and rise in awareness of animal cruelty are expected to bolster market development. The rising demand for innovative products is expected to bolster industry development. Furthermore, innovative products are expected to bolster market development. As per the information published by a science journal, dairy and meat products generate approximately 60% greenhouse gasses from the agricultural sector. These factors may drive the vegan food market growth. However, the rising cost of vegan products is expected to bolster market development. Regional Insights Presence of Vegetarian Population to Boost Market Growth in North America Asia Pacific is expected to dominate the vegan food market share due to the presence of vegetarian population in India. The market in Asia Pacific stood at USD 9.74 billion in 2020 and is expected to gain a huge part of the market share in the coming years. Furthermore, rising investments in innovative and novel products are expected to foster market development. These factors may propel market development in the coming years. In North America, many vegan food consumers are expected to boost the product adoption. Furthermore, rising climate awareness and increasing partnerships among brands are expected to drive the growth of the industry. In Europe, the presence of major consumer’s vegan consumers and major food chains such as Starbucks and Domino’s is expected to boost market development. Furthermore, rising climate awareness, vegan diet adoption, and the adoption of flexitarian diet are expected to nurture development. Competitive Landscape Companies Launch Novel Products to Boost Brand Image Prominent companies operating in the market introduce novel products to attract consumers and boost brand image. For example, the U.S. retail corporation Target announced a sub-brand titled “Good & Gather Plant-based " in May 2021. The company aims to announce 30 novel plant-based vegan foods under the brand through this launch. Furthermore, companies devise research and development, mergers, acquisitions, and expansions to boost their market position. In addition, the rising adoption of technologically advanced production techniques may enable companies to reduce costs, enhance the production capacity, improve productivity, and achieve goals. Industry Development February 2021: France-based company Danone completed the acquisition of Follow Your heart for USD 6 million. The company aims to improve its capabilities to develop and launch novel vegan products in the industry.
    Vegan Food Market Size, Share and Growth Analysis [2028]
    The global vegan food market is projected to grow from $26.16 billion in 2021 to $61.35 billion in 2028 at a CAGR of 12.95% in forecast period, 2021-2028
    WWW.FORTUNEBUSINESSINSIGHTS.COM
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