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Canned Soup Market Revenue Share, Drivers & Trends Analysis, 2023–2032

Consumers looking for convenient and nutritious meal options find canned soups appealing as they provide a balanced combination of ingredients in a single product.

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Canned Soup Market Revenue Share, Drivers & Trends Analysis, 2023–2032

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  1. Canned Soup Market Demand to Cross USD 6.8 Mn by 2032 Global Market Insights Inc.

  2. Overview of Duckweed Protein Market The canned soup market size is set to surpass USD 6.5 billion by 2032, as per the report. This is due to the ongoing global urbanization trend that has led to a rise in single-person households and nuclear families. According to statistics from the U.S. Census Bureau, over 27.6% of occupied households in the U.S. in 2020 were one-person households. This changing demographic is increasing the need for portion-controlled and easily prepared meals, where canned soups fit the bill. Health consciousness is another significant driver for industry growth, as consumers continue to seek nutritious options with lower sodium, fewer additives, and more natural ingredients. Manufacturers are thus introducing healthier canned soup variants to cater to this demand. The growing awareness of dietary restrictions and preferences, such as vegetarian, vegan, and gluten-free diets, has also spurred innovation in the canned soup sector, expanding product offerings to cater to a broader customer base. Global Market Insights Inc.

  3. Continue… Rise in health consciousness boosts demand for low-sodium soups Low sodium canned soup market size will register substantial growth over 2023-2032, due to growing health consciousness among consumers. High sodium intake has been linked to various health issues, including hypertension and heart disease, prompting individuals to seek healthier dietary choices. In response, food manufacturers are developing low-sodium soup options to cater to this demand. Additionally, government regulations and dietary guidelines advocating for reduced sodium consumption have further incentivized the production and promotion of low-sodium soup products. For instance, in October 2021, the U.S. FDA issued new guidelines to reduce salt usage in various packaged foods including meats, cheese, and others by 12% on average in order to mitigate the risk of health issues. As consumers become more proactive about their well-being, the shift toward healthier eating habits will contribute to the increasing demand for low-sodium soup. Convenience stores emerge as a key distribution channel Canned soup market share from the convenience stores distribution channels will experience a strong boost by 2032, due to evolving consumer preferences and shifting lifestyles. Convenience stores offer a quick and accessible option for on-the-go meals, catering to busy professionals, students, and commuters. With the demand for convenient, ready-to-eat solutions rising, canned soups provide a simple and nourishing choice. Global Market Insights Inc.

  4. Continue… Europe to serve as a lucrative revenue pocket Europe will account for a sizeable share of the global canned soup industry by 2032, given the growing emphasis on sustainability and eco-conscious consumption, encouraging manufacturers to adopt environmentally friendly packaging and sourcing practices. Health and wellness trends are driving demand for lower-sodium, organic, and gluten-free canned soup varieties, reflecting consumers' desire for healthier meal options. Convenience also remains a significant driver, as time-strapped Europeans seek quick and easy meal solutions. The COVID-19 pandemic has accelerated e-commerce and online grocery shopping, with more consumers turning to digital platforms for purchasing canned soups. Furthermore, culinary diversity and the introduction of globally inspired flavors are expanding product portfolios, catering to diverse tastes and preferences across the European populaces. Global Market Insights Inc.

  5. Continue… Market Participants The J.M. Smucker Company, Maruchan, Inc., Bear Creek Country Kitchens, The Kraft Heinz Company, Baxters Food Group Limited, Conagra Brands, Inc., Amy's Kitchen, Inc., Pacific Foods of Oregon, LLC, Dr. McDougall's Right Foods, Inc., Hain Celestial Group, Inc., Nissin Foods Holdings Co., Ltd., Campbell Soup Company, General Mills, Inc., Eden Foods, Inc., and Progresso (a subsidiary of General Mills) are some of the key participants in the canned food market. These industry leaders are currently prioritizing strategic partnerships, the launch of new products, and the commercialization of their offerings to facilitate market expansion. In July 2023, Campbell's introduced two gluten-free cooking soups to its product lineup. These new condensed soup options, available in Cream of Mushroom and Cream of Chicken flavors, will cater to customers with dietary restrictions related to gluten consumption. Dubbed Campbell's Condensed Gluten-Free Soups, the new offerings will also provide an alternative ingredient choice for common meal preparations, without compromising on the brand's commitment towards high-quality ingredients. Global Market Insights Inc.

  6. Browse Full Research Report On Duckweed Protein Market@ https://bit.ly/3PCD5eg Request for a sample of this research report @ https://bit.ly/44SH1vN Global Market Insights Inc.

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