Global Soup market outlook 2024, Forecast To 2033

The soup market size has experienced steady growth, moving from $16.11 billion in 2023 to $16.73 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to the increased demand for convenient meals, consumer interest in healthier eating habits, an aging population, and the rise of easy-to-consume and nutrient-rich foods amid increased urbanization. Looking ahead, the soup market size is expected to continue its steady growth, reaching $19.7 billion in 2028 at a CAGR of 4.2%. This growth in the forecast period is linked to economic growth and stability, the popularity of plant-based and vegan options, increased interest in global cuisines and fusion foods, the growth of online food ordering and delivery services, and busy lifestyles. Major trends in the forecast period encompass technological innovations, packaging innovations, premium and artisanal soups, as well as functional and nutrient-rich soups with customization and personalization options.