The industry that creates and distributes frozen soup goods for consumer consumption is referred to as the frozen soup market. These items are soups that have already been packaged and frozen, making it simple to store and reheat them for use. They come in a range of tastes and varieties, including soups made with vegetables, chicken, and beef. Due to the ease of preparation and lengthy shelf life of frozen soups, convenience dominates the market. The industry is expanding as a result of the rising demand for quick and fast dining alternatives. With more competitors joining the market and launching new goods to meet shifting customer tastes, the industry is anticipated to expand in the ensuing years.
The expanding demand for quick and simple meal preparation will have a significant impact on market expansion globally. Additionally, the growing popularity of portable foods is predicted to raise demand for frozen soup globally. A recent Fact.MR report projects that the global market for frozen soup will expand at a CAGR of 5.8% over the projected period.
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Key Segments Covered
- Product Type
- Traditional Frozen Soup
- Light Frozen Soup
- Vegetarian Classics Frozen Soup
- Non Vegetarian Frozen Soup
- Organic Frozen Soup
- Noodle Frozen Soup
- Other
- Sales Channel
- Wholesale/ Distributors/Direct
- Supermarket/Hypermarket
- Convenience Stores
- Online Retailers
- Other Retail Formats
Key Companies Profiled
- Campbell Soup Co.
- The Kraft Heinz Co.
- Conagra Brands Inc.
- Tabatchnick Fine Foods Inc.
- Phillips Foods Inc.
- Kettle Cuisine LLC
Competitive Landscape
Manufacturers and distributors can increase revenue and market share through strategic collaborations. In the near future, new products and technologies will empower end-users to enjoy the benefits of organic products. The result of a strategic collaboration can help an organization to increase its production.
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In June 2021, The Kraft Heinz Company completed the acquisition of Assan Foods from Turkish Conglomerate Kiber Holdings. With this acquisition, Kraft Heinz will expand its presence over the world. Assan Foods’ famous sauced and tomato products would also help Kraft Heinz to gain a competitive advantage in the global market.
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In December 2001, B&G Foods, Inc. completed the full acquisition of the Iconic Crisco Brand. With this acquisition, B&G Foods also gained the warehouse and manufacturing facilities of Crisco in Cincinnati, Ohio. This will also help B7G Foods to realize more or less $74 million tax benefits in the next fiscal year. It would also help to meet the demand of the consumers in the post-pandemic situation.
