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From GlobeNewswire: 2025-02-04 08:22:00

Global soup and broth market valued at US$ 9.68 billion in 2024, projected to grow at 3.7% CAGR by 2034. Rising demand due to varied tastes and health benefits. Adaptability to dietary needs like gluten-free and vegan options driving popularity. Globalization introducing foreign soup variations to new markets, convenience factor also a key driver of market expansion.

Key takeaways: Market to reach US$ 13.89 billion by 2034. East Asia market to grow at 4.2% CAGR. Tomatoes account for 20.1% market share. Convenience stores segment to expand at 3.6% CAGR. Canada market revenue to reach US$ 595.3 million by 2034. South Korea market to grow at 4.9% between 2024-2034.

Eco-friendly packaging solutions gaining popularity with recyclable pouches and biodegradable containers. Reusable containers with refill options reduce waste. Smart packaging with QR codes for product information. AI-driven demand forecasting in logistics reducing waste. Localization of manufacturing strategies to cut down on carbon emissions and transportation distances.

Leading players in soup and broth market include Campbell Soup Company, Unilever, and more. Companies introducing personalized soup kits and new products. NotCo introduces plant-based alternative to turtle soup. Peninsular Export Company launches SAARRU, India’s first indigenous soup line. Innovations driving market growth and expansion.

Global green coffee bean extract market to reach US$ 1.86 billion by 2034. Molluscs market projected to reach US$ 106.04 billion by 2032. Global protein hydrolysate ingredient market to grow to US$ 6.15 billion by 2034. Global tinned fish market to reach US$ 17.97 billion by 2034. Global plant-based meat market to reach US$ 25.29 billion by 2034. Fact.MR provides comprehensive market reports and business insights for informed decision-making. Contact for more market research solutions.



Read more at GlobeNewswire: Soup and Broth Market is Ready to Attain US$ 13.89 Billion