Soups Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020

Albany, NY -- (SBWire) -- 02/09/2015 --Transparency Market Research has published a new market report titled "Soups Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020." According to the report, the North America soups market was valued at USD 5,478.4 million in 2014 and is estimated to reach USD 5,729.5 million in 2020, expanding at a CAGR of 0.7% from 2014 to 2020. Mexico is one of the most attractive markets for soups products in 2014 and is expected to become one of the most lucrative markets for soups products by 2020 due the increasing demand for chilled soups and dried soups in the region.

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Increasingly busy lifestyle where people opt for ready to go foods in countries such as the U.S. and Canada are projected to boost the soups market in North America. Furthermore, growth in per capita income and product innovation would significantly influence the consumption of soups in Mexico over the forecast period.

Geographically (by country), Mexico is likely to experience strong growth over the forecast period, while the U.S. and Canada are expected to witness sluggish growth in North America in terms of consumption of soups.

Major players like Progresso, Lipton, Knorr, and Campbell's are expected to capture the attention of consumers due to their cost effectiveness vis-à-vis branded products. Major distribution channels in North America are supermarkets, hypermarkets and convenience stores.

north-america-soups-market

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The soups market has been segmented as follows:

Asia Pacific Soups Market by Country

Countries covered under this research study are:
U.S.
Soups Market: By Type
Brand Share, 2012 - 2014
Distribution Channel
Canada
Soups Market: By Type
Brand Share, 2012 - 2014
Distribution Channel
Mexico
Soups Market: By Type
Brand Share, 2012 - 2014
Distribution Channel

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