In the past-half decade, the growth of the packaging nets market has surged, owing to rise in demand for lightweight packaging material, more so because of increase in cost of logistics. In the long-run forecast period, cost of logistics is set to rise faster than the nominal inflation rate, owing to rise in fuel prices and the competitive labor market across the globe. For leveraging the right pr...
Fact.MR has recently published a fresh research assessment titled Ready-to-Eat Soup Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022 which present a comprehensive outlook related to the ongoing trends and opportunities set to influence the global Ready-to-Eat Soup market. This report functions to enlighten readers about the expected growth prospects and dynamics which would reforming the target market between 2017 and 2022. According to research findings, the global Ready-to-Eat Soup market is estimated to record growth at 6% CAGR during the forecast period until 2022.
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This intelligent assessment provides exclusive information associated to potential sales upgradation and demand for Ready-to-Eat Soupacross prime economies. In addition, readers can access precise data related to section-wise market investigation in terms of Ingredient, Sales Channel, Region.
A new research report published by Fact.MR predicts that the global ready-to-eat soup market will grow at an estimated CAGR of 5.9% during the period 2017-2022 and exceed a value of US$ 750 Mn by the end of 2019. The study opines that ready-to-eat soups market will be driven by a cohort of factors, including rising demand for convenience foods, increasing number of women in workforce, and consumption of soups for treating common colds and sore throats. According to the study, manufacturers are aware of the evolving consumer preferences, and are diversifying their product portfolio to cater to the tastes of a wide range of consumers.
North America to Lead the Ready-to-Eat Soup Market with a CAGR of over 6% during 2017-2022
According to the study, North America will continue to be one of the leading markets for ready-to-soup over the forecast period. Sales of ready-to-eat soups are relatively higher in countries with harsh winters, and the US with its established food & beverage industry and expansive distribution channels continues to lead the rally. The study opines that ready-to-eat soups will continue to outsell other variants in North America.
Another challenge for the ready-to-eat soup market is the extensive use of preservative to extend the shelf life of the soups. Rising health consensus among consumers, coupled with the known health impacts of preservatives can create reluctance among consumers. The study finds that constantly fluctuating prices of raw materials continue to pose challenges in terms of supply-demand.
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As the report concludes, readers can receive precise data highlighting the competitive landscape active across the global Ready-to-Eat Soup market. This portion clearly details about the contributions provided by leading manufacturers towards the development of the Ready-to-Eat Soup market.