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New Flavors and Portability Rouse Stagnant Soup Category
By Denise Purcell
According to Mintel Internation-al’s “U.S. Soup Market” report, sales have remained relatively flat in the nearly $4-billion soup category, decreasing about 1.6 percent in constant dollars between 1998 and 2003. An additional 2 percent decline is predicted by 2008. A mature category, soup has mass-market appeal, is universally popular and is generally considered nutritious, though its high sodium content has detracted from that notion. Market indicators show that higher-quality soups in new ethnic flavors as well as traditional varieties, plus health-conscious low-salt and low-fat products, will spark consumer excitement in this lackluster category. Convenience is a growing factor as the population moves toward grab-and-go items. Ready-to-serve soups are predicted to increase 32.2 percent at constant prices between 2003 and 2008, far above condensed or dry soups. However, soup by its nature is not technically ready-to-serve since it requires heating. It is still largely considered a traditional sit-down food and suppliers will need to further innovations in packaging, such as resealable containers, single-serve portions and no-spoon-needed varieties. Soup’s global appeal has spurred 2,067 new product introductions worldwide in 2003 and the first five months of 2004, according to Mintel’s Global New Products Database (GNPD). The U.S leads with 505 new soup products, with Germany and the U.K. following. Trends in flavor, convenience and nutrition have been noticed internationally.
NEW PRODUCT TRENDS
Convenience and Portability
Organic
Health and Nutrition
Grazing Denise Purcell is managing editor of Specialty Food Magazine.
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