Top 5 Vendors in the Global Dried Soup Market From 2017 to 2021: Technavio

18-Sep-2017 Intellasia | BusinessWire | 9:43 PM Print This Post

LONDON–(BUSINESS WIRE)–#FoodandBeverageTechnavio
has announced the top five leading vendors in their recent global
dried soup market 2017-2021
report. This market research
report also lists 10 other prominent vendors that are expected to impact
the market during the forecast period.


Competitive vendor landscape

According to the research analysis, the demand for differentiated
products or products with some unique features in the global dried soup
industry is increasing because of rapidly changing consumer demands and
preferences. Vendor performance is bound to be affected by changing
consumer spending patterns due to rise in disposable income and changing
lifestyles. The global dried
soup market
is moderately fragmented due to the presence of numerous
local vendors and few major vendors in several countries in Europe,
APAC, and the Americas. These vendors compete based on price, product
differentiation, distribution, promotion, and quality.

“The unorganized and intense competition and declining profit margins
accompanied by rapid technological changes pose significant risks to
vendors. Therefore, to survive and to succeed in this competitive
environment, it becomes imperative for the vendors to differentiate
their products and services through a clear and unique value
proposition,”
says Manjunath Reddy, a lead food
research analyst from Technavio.

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Technavio market research analysts identify the following key
vendors:

CSC BRANDS (CSC)

Campbell Soup Company or CSC Brands (CSC) is a leading manufacturer and
distributor of canned soups, dried soups, and other related products.
The company has many famous and widely recognized brands like
Campbell’s, Pace, Pepperidge Farm, Garden Fresh Gourmet, Kelsen Group,
Milano, and Bolthouse Farms. The company’s diverse product line includes
soups, sauces, baked goods, beverages, and broth.

Nestlé

Nestlé, along with its various subsidiaries, is one of the leading
vendors in the food and beverages industry. Nestlé operates in several
categories like powdered and liquid beverages, water, milk products and
ice cream, nutrition and health science, confectionery, prepared dishes
and cooking aids, pet care, and unallocated categories. It functions in
the global dried soup market under the brand name Maggi.

Nissin Foods

Nissin Foods is a leading Japanese manufacturer of products like instant
noodles and soups. The company’s most famous brand is Top Ramen, which
includes an extensive product line of instant noodles in a variety of
flavors. However, the company also markets a variety of soup products in
various markets across the world under the brand name Souper Meal.

The Kraft Heinz Company (TKHC)

TKHC produces and sells food and beverage products, including cheese,
meats, refreshment beverages, coffees, and packaged dinner. TKHC sells
its products under the brand names Jell-O, Heinz, Kraft, Classico,
Kool-Aid, ABC, Lunchables, Weight Watchers Smart Ones, Maxwell House,
Capri Sun, Ore-Ida, Philadelphia, Planters, Plasmon, Oscar Mayer, Quero,
and Velveeta. The company functions in the dried soup market under the
Heinz brand.

Unilever

Unilever is a consumer goods company widely known for its consumer goods
products. The company offers a wide range of products, which includes
foods, beverages, personal care products, and cleaning agents. The
company’s dried soup brands like Lipton Recipe Secrets and Lipton Soup
Secrets are the best-selling brands of dried soup in the US market.

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