Soups Market - North America Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2014 - 2020
52 Page Report
Soups Market in North America to Show a Poor CAGR of 0.70% from
2014 to 2020 due to Lack of Demand for Canned Soups
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Transparency Market Research recently published a market research report that offers an insightful take on
the North America soups market . The research report, titled “Soups Market - North America Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020”, highlights the several factors impacting
the market. With the help of SWOT analysis, the research report sheds light on the strengths, weaknesses,
opportunities, and threats in the soups market in North America. Furthermore, it also examines the threat
of new entrants, the threat of substitute products or services, the bargaining power of customers (buyers),
the bargaining power of suppliers, and the intensity of competitive rivalry.
According to the research report, the soups market in North America was valued at US$5.4 bn in 2014 and
is expected to reach US$5.7 bn by 2020, with a declining CAGR of 0.70% expected from 2014 to 2020. The
soups market in North America will grow at a slow pace, as this staple food item will continue to be an
integral part of the dietary intake of several Americans in the coming years, ensuring steady demand but
not much scope for expansion.
The busy lifestyles of consumers in North America are the prime growth driver for the steady consumption
of soups in North America. Furthermore, the increasing awareness about eating minimally processed food
items and living healthy has prompted several...