Soups Market - North America Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2014 - 2020
52 Page Report
North America Soups Market to Post Marginal CAGR of 0.7% to 2020,
Product Innovation Sustains Growth
Transparency Market Research
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Busy lifestyles have resulted in the higher consumption of soups in North American households, an aspect
that will largely sustain the growth of the soups market in North America, says Transparency Market
Research (TMR). In its report published recently, TMR says that the North America soups market stood at
US$5,478.4 million in 2014, and will show marginal growth to touch US$5,729.5 million by 2020. This
translates to a very poor CAGR of 0.7% between 2014 and 2020. The North America soups market also
owes its growth to the product innovation that companies continue to engage in. Countries studied in the
report are: the U.S., Canada and Mexico. The report is titled ‘Soups Market - North America Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2014–2020’.
Soups have been a traditional food item in the North America region, especially in the U.S. and Canada.
The increasing inclination toward healthy and natural-ingredient-based foods is evident in nearly all new
products that have been launched in the North America soups market in the recent past. Companies are
ensuring that their new products carry attributes such as fresh ingredients, minimum preservatives, and
all-natural ingredients.For the purpose of the report, TMR analysts have segmented the North America
soups market by product type into: Chilled, canned, frozen, dried, and UHT. The report estimates that all
three countries in the...