The European soups and broths market shows significant value distribution across countries, with Germany leading at 27.86 euros, followed closely by the United Kingdom at 26.49 euros. France and Spain hold substantial shares, though France experienced a value decrease of 2.01%, while Spain saw a 6.0% growth in 2023. Other notable market participants include Poland and Belgium with minor fluctuations. Ireland, Denmark, Finland, and Portugal observed positive growth, while Bulgaria and Greece faced declines. Over the past five years, the compounded annual growth rate reveals modest growth in the market, driven by increasing consumer interest in health-conscious options.
Future trends to watch in the European soups and broths market include a shift towards more organic and vegan options, catering to health-driven consumers. Innovation in flavors and sustainable packaging might also appeal to environmentally conscious buyers. As consumer habits continue to evolve post-pandemic, there should be an emphasis on convenience, with ready-to-eat and easy-to-prepare offerings expected to rise in popularity.
Top countries in Soups and Broths and Preparations Thereof Market Size Value Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 27.86 | 2023 | +0.43% | +1.22% | View data |
| 2 | 2 United Kingdom | 26.49 | 2023 | -0.48% | -0.64% | View data |
| 3 | 3 France | 18.39 | 2023 | -3.29% | -2.01% | View data |
| 4 | 4 Spain | 10.65 | 2023 | +4.64% | +6% | View data |
| 5 | 5 Poland | 3.63 | 2023 | +0.3% | -0.64% | View data |
| 6 | 6 Belgium | 2.94 | 2023 | -1.95% | -0.3% | View data |
| 7 | 7 Ireland | 2.52 | 2023 | +1.62% | +0.069% | View data |
| 8 | 8 Czech Republic | 2.05 | 2023 | -0.6% | -0.48% | View data |
| 9 | 9 Denmark | 1.66 | 2023 | +0.93% | +0.53% | View data |
| 10 | 10 Finland | 1.25 | 2023 | +0.9% | +1.01% | View data |
