North America Soups Market Owes Growth to Attractive Flavours and Packing:Transparency Market Research
Soups Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020
The humble soup has long since transitioned from being a part of a traditional day-to-day meal to being known as a one-item wholesome meal solution. Changing lifestyles, busy work schedules, growing health concerns, and booming economies have contributed massively to the development of the soups market in North America.
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However, while specific countries have witnessed steady growth in different segments of the market over the past few years, the overall soups market in North America does not hold an impressive scope for growth.
Based on a research report published by a leading market intelligence company in the U.S., the North America soups market will grow from US$5,478.4 million in 2014 to US$5,729.5 million in 2020, registering a mere 0.7% CAGR between 2014 and 2020.
The U.S., dried soups, and supermarkets emerge as segment leaders
By region, the North America soups market is segmented into Canada, the U.S., and Mexico. On the basis of distribution channel, the regional soups market is categorized into hypermarkets, supermarkets, food and drinks specialists, convenience stores, and others. On the basis of type, the soups market is divided into chilled, canned, dried, UHT, and frozen.
In terms of distribution channel, hypermarkets and supermarkets are the two leading channels of purchase in North America owing to the fact that a wide variety of soups and other products can be sold and purchased under a single roof. These two segments are likely to continue leading the soups market till the end of the forecast period in 2020.
As far as type of soup is concerned, the dried soups segment is...