Corporate Profiles - 2021 - 28

INDUSTRY REVIEW: PACKAGED FOODS
consumers to purchase premium soups, supporting demand in value terms.
Higher prices also may boost nominal sales early in the forecast period as
producers grapple with inflation in the costs of inputs.
" Suppliers are also experimenting with alternatives to cans for packaging
to improve consumer perception of product quality, including aseptic
containers and glass jars. "
The Insight Partners, Pune, India, projected the global canned soup market
to record a CAGR of 3.8% and to reach $6.49 billion in sales in 2027,
which would be up from $4.89 billion in 2019. Advancements in food and
packaging technology along with the increasing variety of organic canned
soups will propel demand for canned soups across the world, according to
The Insight Partners.
ONLINE BOOSTS SALAD MARKET
The future appears promising for the global packaged salad market,
according to a report released in May by Grand View Research, Inc., San
Francisco. The report forecast the market to record a CAGR of 8.2% from
2021 to 2028, with sales rising to $20.3 billion. Consumers who seek a
LEADING READY-TO-SERVE
soup vendors
1 Campbell Soup Co.
2 General Mills, Inc.
3 Amy's Kitchen, Inc.
4 Pacific Foods of Oregon, Inc.
5 Conagra Brands
6 Rao's Specialty Foods, Inc.
7 Imagine Foods, Inc.
8 Goya Foods, Inc.
9 CSC Naturals & Organics
Private label
Total
LEADING READY-TO-SERVE
soup brands
1 Campbell's Chunky
2 Progresso Traditional
3 Progresso Vegetable Classics
4 Progresso
5 Campbell's Chunky Healthy Request
6 Progresso Rich & Hearty
7 Amy's
8 Progresso Light
9 Campbell's
Private label
Total
Dollar sales
$451,476,237
$269,429,662
$134,668,551
$112,876,330
$84,127,224
$82,776,504
$80,881,389
$79,075,859
$71,735,854
$51,504,863
$1,793,611,364
% change
from
year ago
-4.9%
-10.3%
-13.4%
-2.4%
-14.6%
-8.7%
-7.7%
-29.9%
1.7%
-18.4%
-8.6%
Dollar sales
$739,873,578
$729,880,499
$93,357,993
$55,525,699
$29,449,328
$24,625,421
$15,831,561
$7,809,351
$7,369,131
$51,504,863
$1,793,611,364
% change
from
year ago
-6.7%
-12.0%
-7.9%
-7.3%
47.9%
63.4%
-8.6%
0.3%
-38.2%
-18.4%
-8.6%
healthy lifestyle and the busy schedule of millennials are expected to drive
the growth.
Grand View Research expects the online distribution channel to record a
CAGR of 9% over the forecast period. North America accounted for more
than 41% of the global market in 2020.
Makers of salad dressings and sauces were active on the capital investment
front.
Lancaster Colony Corp., Westerville, Ohio, is planning a 184,500-squarefoot
expansion at its T. Marzetti Co.'s facility in Horse Cave, Ky., and expects
to complete the project by July of next year. Lancaster Colony makes salad
dressings, sauces and other foods for retail and foodservice markets at the
facility.
Ken's Foods, a manufacturer of salad dressings, sauces and marinades
based in Marlborough, Mass., broke ground on a $103 million expansion at
its campus in Henry County, Ga. The expansion will include new production
lines and building upgrades to its manufacturing facility. It also will relocate
support facility operations to a 343,625-square-foot space in Midland
Industrial Park. CP
LEADING CONDENSED
soup vendors
Dollar sales
1 Campbell Soup Co.
2 Pacific Foods of Oregon, Inc.
3 Morgan Foods, Inc.
4 Look's Gourmet Food Co.
5 Snow's Food LLC
6 Kraft Heinz Co.
7 Amy's Kitchen, Inc.
8 Kettle & Fire, Inc.
9 SuperValu, Inc.
Private label
Total
LEADING CONDENSED
soup brands
Dollar sales
1 Campbell's
2 Campbell's Healthy Request
3 Campbell's Light
4 Campbell's Disney Pixar Incredibles 2
5 Campbell's Disney Princess
6 Campbell's Disney Frozen
7 Pacific Foods Organic
8 American Beauty
9 Bar Harbor
Private label
Total
$1,048,116,121
$193,162,116
$7,283,487
$6,953,817
$5,634,898
$4,895,033
$4,053,362
$3,738,338
$3,191,901
$188,778,504
$1,471,854,898
Data for 52 weeks ended July 11, 2021
Total US - Multi-outlet with C-Store (Supermarkets, Drugstores and Mass Market Retailers, Gas/C-Stores, Military Commissaries and Select Club & Dollar Retail Chains)
Source: IRI
% change
from
year ago
-6.0%
-8.0%
10.5%
23.1%
-18.1%
-5.7%
NA
-38.5%
-16.6%
-17.2%
-8.0%
$1,268,288,498
$4,671,552
$3,748,558
$3,193,978
$1,157,519
$457,116
$331,968
$295,203
$187,330
$188,778,504
$1,471,854,898
% change
from
year ago
-6.2%
-19.5%
-38.4%
-16.5%
-2.2%
22.9%
-55.8%
11.1%
-25.8%
-17.2%
-8.0%
28 \ October 2021
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Corporate Profiles

Corporate Profiles - 2021

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