Food & Beverages

Consumer and Market Insights: Soup Market in Sweden

  • CAN326142
  • 48 Pages
  • August 2015
  • Food & Beverages
Summary
Rising GDP per capita and low inflation rate will drive the growth for consumer food market in Sweden. The Canadian Soup market is forecast to register a high growth during 2014-2019 and is led by the Chilled Soup category. Hypermarkets and Supermarkets is the dominant distribution channel in the Canadian Soup market. Flexible Packaging was the preferred packaging material used in the Soup market.

Key Findings
- The Swedish economy is improving supported by healthy domestic demand and government led economic reforms. Subdued inflation and improving consumer sentiments have also increased the demand for consumer packaged goods.

- The Sweden Soup market is forecast to grow at a higher CAGR of 3.2% during the period 2014-2019

- The Chilled Soup category accounts for the largest value with 39.1% share in the Soup market as on 2014. However, the Ambient Soup category will register the fastest CAGR growth at 4.2% in local currency terms during 2014-2019.

- Hypermarkets and Supermarkets is the leading distribution channel and it accounted for 66.7% of overall Soup distribution in 2014.

- Bag/Sachet was used in packaging Dried Soup(mixes) and Frozen Soup , while Tub was preferred for 70.4% of Chilled Soup packaging.

Synopsis
The report on the Soup market in Sweden provides insights on high growth categories to target, trends in the usage of packaging materials, types and closures category level distribution data and brands market shares.

What else is contained?

- Market data: Overall market value and volume data with growth analysis for 2014-2019

- Category coverage: Value and growth analysis for the Ambient Soup, Chilled Soup, Frozen Soup, UHT Soup and Dried Soup(mixes) with inputs on individual segment share within each category and the change in their market share forecast for 2014-2019

- Leading players: Market share of brands

- Distribution data: Value shares within each category through channels such as Hypermarkets and Supermarkets, Convenience Stores, Food and Drinks Specialists and more

- Packaging data: consumption breakdown for packaging materials and containers in each category, in terms of percentage share of number of units sold. Packaging material data for flexible packaging, rigid plastics, rigid metal and others; container data for: trays, tubs, foils and others.

ReasonsToBuy
- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis

- Existing and new players can analyse key distribution channels to identify and evaluate trends and opportunities

- Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning

- Our teams of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion.
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