According to Future Market Insights (FMI), the worldwide Fish Soup market is valued at US$ 1,678.9 million in 2023 and it is anticipated to reach US$ 2,607.3 million by 2033. Over the next decade, global Fish Soup demand is likely to increase at a CAGR of 4.5%.
Fish soup is high in nutritional content with the presence of vitamins, minerals, and omega-3. Omega-6 fatty acids make it a good source of nutrition. Soups are also consumed as remedies to common coughs and colds as soups are relatively easy to digest and have antiseptic properties. In China, Fish soup has been served to women after childbirth as it acts as a lactation booster, and some specific fish soups are known to have liver-protecting properties. Fish soup is widely consumed in Asian countries and these regions are hence expected to experience a surge in demand over the forecast period.
The demand for ready-to-cook soups is on the rise owing to the easy availability of the products via multiple sales channels. Ready-to-cook soup is available in multiple quantities and is a convenient and nutritionally rich appetizer. Demand for fish soup is expected to rise in the coming years as soups are easily digestible and can be consumed by all age groups including toddlers and geriatric consumers.
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Key Takeaways from the Fish Soup Report:
- The global Fish Soup marketis expected to reach a valuation of US$ 2,607.3 million by 2033.
- Global demand for Fish Soup is likely to soar at 5% CAGRover the forecast period.
- S. is projected to hold a dominant value share of 35.6% in the global market by 2033.
- The United States Fish Soup market is projected to reach a valuation of US$ 2,607.3 million by 2033
- China is expected to register a CAGR of 7.0% over the forecast period and is expected to reach a market valuation of US$ 159.04 Mn by 2033
- India Fish soup market is expected to reach a market valuation of US$ 203.3 Mn by 2033 growing at a lucrative CAGR of 6.2%
“Studies suggest consumption of Fish soup helps in the stimulation of saliva secretion and gastric peristalsis in the stomach which help in weight loss” – says a lead analyst at Future Market Insights (FMI)
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Who is Winning?
Campbell’s, Bar Harbour, Progresso, Baxters, Amy’s Kitchen, Pacific Foods, Chef’s Cupboard, Hale and Hearty, Kettle Cuisine, and Bear Creek are key Fish Soup manufacturers listed in the report.
These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,
- 2022: Phillips Foods, to add to its existing line of fish soups, the company has launched Seafood Cioppino, Red Curry Seafood Soup and Manhattan Clam Chowder to its product portfolio
- 2019: Safe Catch, launched a brand by the name safe harvest to extend its product portfolio to soups, the brand has maximum seafood soups ranging from Dairy-free salmon soup to dairy-free shrimp soup
- 2019: Campbell’s Foodservice, expanded its crafted seafood soup sector with the launch of Campbell’s® Reserve Loaded Clam Chowder which is packed with onions, bacon, clams, and smoky applewood
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Fish Soup market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the Fish Soup market based on Form (Dried, Liquid), Format (Ready-to-eat, Ready-to-cook), Packaging (Canned, Pouched, Other Packaging), and Sales Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Departmental Stores and Online Retail) across various regions.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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