Soups Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020
Albany, NY -- (SBWIRE) -- 06/08/2015 -- A new report published by U.S.-based Transparency Market Research examines the soups market in North America. Titled 'Soups Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020', the research report details the regional markets for soups in North America, product categories on offer in the soups market, major companies operating in the North America soups market, and the prime trends and factors influencing the growth trajectory of the North America soups market.The report predicts that the soups market in North America will experience sluggish growth in the forecast period 2014-2020, growing at a CAGR of 0.7% therein.
Browse the full Soups Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/north-america-soups-market.html
The market was worth US$5,478.4 million in 2014 and will grow to US$5,729.5 million by the end of the forecast period. The market also examines the North America soups market in terms of volume, providing market size figures in terms of million kg for the market's volume in 2014 and projected volume in 2020.
The report elaborates on growing demand from Mexico as the primary growth driver for the North America soups market. Mexico is a rapidly developing country in North America, in stark contrast to the developed landscape of the U.S. and Canada. Growing urbanization in Mexico, which has already taken place in the other two giants in North America, is leading to growing demand for products that make life simpler and easier. Soups, which can supplement or even replace meals quite well owing to their high nutritional content, are thus becoming increasingly popular among Mexico's rising urban population.Increasing urbanization and infrastructural development in Mexico has also increased the purchasing power of Mexican consumers, which will help the soups market establish a strong foothold in the country.
Chilled and dried soups are expected to be the leading product segments in the North America soups market over the forecast period. The convenience of chilled food in today's hectic lifestyle is leading to high demand from working professionals, while dried soups are popular as an alternative to meals, since they can be prepared in little to no time.On the other hand, the demand for canned soups is expected to drop in the forecast period, due to their perception by new working professionals as an obsolete packaging technology. The superior convenience offered by chilled and dried soups over canned soups is responsible for this market hierarchy. Frozen soups, like canned soups, won't feature conspicuously in the North America soups market, due to requiring more preparation time than chilled or dried soups.
Browse the full Press Release Report: http://www.transparencymarketresearch.com/pressrelease/north-america-soups-market.htm
According to distribution channel, the soups market is expected to rely largely on modern distribution channels such as hypermarkets and supermarkets for a large proportion of total sales.Regarding the competitive landscape of the North America soups market, the report provides historical information and projections about the share held by each major company in the soup market in the U.S., Canada, and Mexico. Major market players profiled in the report are Knorr, Progresso, Lipton, and Campbell's.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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