In 2023, Germany led the European market with the highest sold production of soups and broths, followed by France and the UK. Portugal and Belgium showed significant positive year-on-year growth, while the UK and Italy experienced declines. Finland and Lithuania also exhibited robust growth rates, while countries like Macedonia and Hungary registered notable decreases. The compound annual growth rate (CAGR) over the last five years highlights consistent performance from Germany and France, with smaller nations such as Portugal and Lithuania demonstrating potential for expansion.
Looking ahead, key trends to monitor include:
- Impact of increasing health and wellness trends, favoring organic and low-sodium options.
- Expanding e-commerce and online grocery shopping influencing distribution channels.
- Potential innovation in packaging and flavors to cater to diverse consumer preferences.
- Macroeconomic factors like inflation and raw material costs affecting pricing and production volumes.
Top countries in Sold Production of Soups and Broths and Preparations Thereof by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 624,550,000 | 2023 | -0.33% | +0.91% | View data |
| 2 | 2 France | 503,630,000 | 2023 | +5.61% | +3.94% | View data |
| 3 | 3 United Kingdom | 475,260,000 | 2023 | -0.95% | -1.55% | View data |
| 4 | 4 Spain | 295,140,000 | 2023 | +0.42% | +1.7% | View data |
| 5 | 5 Italy | 214,070,000 | 2023 | +6.54% | -2.76% | View data |
| 6 | 6 Netherlands | 133,570,000 | 2023 | +0.62% | +0.61% | View data |
| 7 | 7 Poland | 124,680,000 | 2023 | -0.53% | -1.44% | View data |
| 8 | 8 Portugal | 63,941,000 | 2023 | +6.73% | +13.74% | View data |
| 9 | 9 Belgium | 52,406,000 | 2023 | +2.03% | +10.37% | View data |
| 10 | 10 Czechia | 45,402,000 | 2023 |
