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North America is projected to maintain its dominance bygenerating thehighest revenue of $7.5billionin global soup market by 2023. The North American soup market region leads in terms of volume, with 55.9% share in 2017, and is estimated to grow at a CAGR of 0.70% during the forecast period.Rest of the World (RoW) region which includes South America, Middle East and African regions, is projected to witness the fastest growth during the forecast period, both in terms of value and volume, with CAGR of 8.41% and 5.32% respectively
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North America is projected to maintain its dominance bygeneratingthehighest revenue of $7.5billionin global soup market by 2023. The North American soup market region leads in terms of volume, with 55.9% share in 2017, and is estimated to grow at a CAGR of 0.70% during the forecast period.Rest of the World (RoW) region which includes South America, Middle East and African regions, is projected to witness the fastest growth during the forecast period, both in terms of value and volume, with CAGR of 8.41% and 5.32% respectively. Contact : sales@industryarc.com
Selected Analysis done in the full Report: Global canned/preserved soup market leads atpresent, attaining maximum amount of revenue. Canned/preservedsoup is estimated to reach revenue of $9.16 billion by 2023, and in terms of volume it will reach 1,531 KGM with a CAGR of 2.09% and 1.30% respectively during the forecast. Canned soups are available in two forms:condensed and ready to eat. In both the forms, the content can be vegetarian and non-vegetarian. Dehydratedsoup market is estimated to reach revenue of $5.6 billion by 2023 and 541 KGM with a CAGR of 5.29% and 4.57% respectively duringthe forecast period. Frozen soups comprise of ingredients like fatty acids, natural colors, natural flavors, high intensity sweeteners (HIS) and flavoring. Contact : sales@industryarc.com
Excerpts on Market Growth Factors Mentioned in the Full Report: • The availability of departmental store and supermarket will influencethe customers to select this distribution channel and thereby contributing major share during the forecast period. • Growing demand for natural and organic soup is triggering the growth in the global soup market. • Increasing desire of low-class and middle-class individuals to purchase products cheaply will bolster the growth of discount store market by volume. Contact : sales@industryarc.com
Key Players of the Soup Market Nestle Spar Group Ltd Countrywide Midland Food Group Ajinomoto Co., INC and More Download Sample Report Contact : sales@industryarc.com
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About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com
