Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the Ready-to-Eat Wet Soup Market during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period. The insights and analytics on the Ready-to-Eat Wet Soup Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
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Ready-to-Eat Wet Soups to Witness Rampant Adoption among Millenials, Conventional Flavors Highly Preferred
The shifting trend of ready-to-eat packaged meals are soaring on popularity among millennials and are projected to augment the growth of ready-to-eat wet soups market. The on-the-go food consumption trend in the working population provides a significant boost to the ready-to-eat wet soup market. The overall soup market across the globe accounts for around US$ 16 Bn out of which dry soup accounts for more than two thirds of market share. However, wet soup accounts for around 10% of share and is poised to increase with a notable CAGR. The rise in working population across the globe is leading to busier and faster consumer lifestyles, which leaves consumers with insufficient time for cooking. Moreover, millennials are looking for economical substitutes to cooking. These factors play a pivotal role in driving the growth in consumption within the ready-to-eat wet soup market.
After reading the Ready-to-Eat Wet Soup Market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the Ready-to-Eat Wet Soup Market
- New research and development projects in new technologies in key regional markets
- Technologies and business models with disruptive potential
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa, Rest of MEA)
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Key Takeaways of Ready-to-Eat Wet Soup Market
- Non-vegetarian soup ingredients account for more than three fourth market share and are expected to witness notable growth during period of forecast 2019 – 2029. This can be attributed to the increased meat consumption across the globe.
- Conventional ready-to-eat wet soups are a major contributor to global ready-to-eat wet soup market and are projected to grow 1.7X over period of forecast 2019 – 2029, owing to increased production of conventional ready-to-eat wet soups by manufacturers in regions such as North America, Europe etc.
- North America and Europe collectively hold one third of the market share. However, Latin America South Asia and East Asia are projected to grow at a higher CAGR than the global average.
- East Asia ready-to-eat wet soup market is anticipated to hold more than 10% market share in terms of value and is anticipated to gain 280 BPS over forecast period 2019 – 2029.
Some important questions that the Ready-to-Eat Wet Soup Market report tries to answer exhaustively are:
- Key strategic moves by various players in the Ready-to-Eat Wet Soup Market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares
- Which strategies will enable top players in the Ready-to-Eat Wet Soup Market to expand their geographic footprints
- Which new business models are expected to change the course of growth of key regional markets in near future
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants
- Which products segments have in recent years have seen new, lucrative application areas
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