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Dried Soup Market Segmented By Cup and Pouch packaging with distribution channel such as Hypermarkets and Supermarkets, Retail Stores, Convenience Stores
Dried soup is an instant soup mix consisting of dehydrated vegetables, meat, grains, legumes, etc. along with flavoring agents and preservatives. The ingredients in dried soup are dehydrated using slow air drying or freeze drying process without losing the nutritious value of the food. They are more nutritious than canned soups which consist of high amounts of sodium and preservatives. Dried soups are considered as a convenience food and are hugely popular among the working class consumers.
They are available in two packaging forms i.e. cups and pouches. The manufacturers are using innovative technologies in the packaging of dried soup to increase the shelf life of the product and attract consumers. The dried soups are distributed through various distribution channels. The hypermarkets and supermarkets segment accounts for major share in global dried soups market.
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The rising demand for ready to eat and convenience food is expected to be a major driver for the growth of dried soup market. The increasing consumer awareness regarding consumption of healthy and nutritious food is expected to boost the growth of global dried soup market.
Dried soup accounts for major share in soup industry in terms of consumption due to its advantages over other types of soups such as canned and condensed wet soups. The availability of dried soup with gluten free and organic ingredients is expected to drive the growth of dried soup market.
The high content of corn and salt in dried soups is considered to increase blood sugar levels and blood pressure and is unhealthy, which might hamper the growth of global dried soup market.
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The global dried soup market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). Western Europe accounts for the major share in global dried soups market. This is attributed to the increasing demand for ready to eat and convenience food in the region.
In Western Europe, the EU-5 countries account for major share in terms of consumption. North America holds the significant share in global dried soup market, due to rising number of dried soup vendor and investments by retailers in this segment.
APEJ dried soup market is expected to project high CAGR during the forecast period, due to increasing population and rising disposable income of the consumers. There is a rise in investments in food processing segment in developing countries such as India and China. In Eastern Europe, Russia accounts for major share in dried soups market.
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Some of the key players in the global dried soup market are as follows:
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