Soups Market in the United States
Market Overview
In 
, the U.S. soups market increased by % to $, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market remained at a somewhat lower figure.
In value terms, soups production shrank slightly to $ in . The total output value increased at an average annual rate of +% from 2007 to ; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2014 when the production volume increased by % against the previous year. Over the period under review, production reached the peak level at $ in , and then declined modestly in the following year.
, the U.S. soups market increased by % to $, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market remained at a somewhat lower figure.In value terms, soups production shrank slightly to $
in . The total output value increased at an average annual rate of +% from 2007 to ; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2014 when the production volume increased by % against the previous year. Over the period under review, production reached the peak level at $ in , and then declined modestly in the following year.Consumption
In , consumption of soups and broths increased by % to tons, rising for the sixth consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, consumption attained the maximum volume in and is likely to see steady growth in the near future.
The size of the soups market in the United States was estimated at $ in , remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $. From 2015 to , the growth of the market remained at a lower figure.
, consumption of soups and broths increased by % to tons, rising for the sixth consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, consumption attained the maximum volume in and is likely to see steady growth in the near future.The size of the soups market in the United States was estimated at $
in , remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $. From 2015 to , the growth of the market remained at a lower figure.Market Forecast
Driven by increasing demand for soups and broths in the United States, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Trade Balance
The United States remains a net exporter of soups; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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