Global Tomato Ketchup Market– Industry Trends and Forecast to 2029

Tomato Ketchup Market Analysis and Size

In the coming years, demand for tomato ketchup will most likely be driven by a shift in customer preference for packaged convenience meals for cooking. Furthermore, the item's increasing use in a variety of food processing industries, such as bakery goods and beverages, is expected to drive the global tomato ketchup market forward.

Data Bridge Market Research analyses that the tomato ketchup market was valued at USD 11.851 billion in 2021 and is expected to reach the value of USD 19.61 billion by 2029, at a CAGR of 6.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Tomato Ketchup Market Scope and Segmentation

Market Definition

Tomato ketchup is a popular condiment made from tomatoes, vinegar, sweeteners, and salt. Tomato ketchup is commonly served with fast food items such as sandwiches, burgers, fries and grilled or fried meat. This is also commonly used as a base for other sauces, and its flavour is familiar and approachable.

Tomato Ketchup Market Dynamics

Drivers

• widespread presence of fast food joints and quick service restaurants

Rising disposable incomes of urban consumers, increasing adoption of Western culture globally, the widespread presence of fast food joints and quick service restaurants, and growing westernisation are some of the factors driving the growth of the tomato ketchup market during the forecast period.

• Growing need for organic ketchups due to growing prevalence of chronic diseases

Organic tomato ketchup options are a blessing in disguise for the ketchup market's healthy future. Organic ketchup has a number of advantages over conventional ketchup, which is why it is becoming increasingly popular. Diabetes affects approximately 8-9 percent of people worldwide, with the figure expected to rise to 11-12 percent by 2045. As a result, demand for organic ketchup is increasing because organic sugars aid in sugar regulation in the body. Furthermore, organic condiments contain numerous antioxidants such as polyphenols, which reduce the risk of cardiovascular diseases such as cancer and heart attack.

Opportunity

Different tomato ketchup contain different nutrients and can drive market growth by providing a variety of options. Tomato ketchups are also a less expensive alternative to fresh tomato, providing a boost to market development. The growing popularity of organic foods among health-conscious consumers is expected to fuel the organic tomato ketchup market. Furthermore, numerous types of tomato ketchup available in the market will expand the scope in the coming years.

Restraints

The rising popularity of other condiments such as mustard and barbecue sauce is expected to stymie the growth of the tomato ketchup market during the aforementioned time period.

This tomato ketchup market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the tomato ketchup market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Tomato Ketchup Market

Due to the shutdown and stringent government guidelines around the world, the COVID-19 pandemic has put unprecedented strain on ketchup demand. However, the situation saw scope in the rising demand from foodservices, which facilitated take-aways and off-trade channels. This resulted in a ketchup shortage in the market following the pandemic. In response, Kraft Heinz increased its production line to facilitate the production of foodservice products by 25% in 2021, producing 12 billion packets of ketchup per year.

Recent development

• Queen Elizabeth will enter the condiments market in 2022 with the launch of a new tomato ketchup brand. The ketchup is made with ingredients grown on the family's Sandringham Estate.
• The Kraft Heinz Company introduced a new ketchup, the Marz Edition ketchup, in 2021, made with tomatoes grown in Martian soil conditions.
• Sir Kensington, a brand acquired by Unilever known for its premium dressings and condiments, will switch to polyethylene terephthalate (PET) plastic bottles in 2021. This packaging change was made in order to meet the company's goal of having 100 percent recycled and recyclable content by 2022.

Global Tomato Ketchup Market Scope

The tomato ketchup market is segmented on the basis of type, application and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Distribution channel

• Online Stores
• Supermarkets
• Departmental Stores
• Convenience Stores

Type

• Flavoured Tomato Paste
• Catsup Tomato Paste
• Others

Application

• Household
• Commercial
• Others

Tomato Ketchup Market Regional Analysis/Insights

The tomato ketchup market is analysed and market size insights and trends are provided by country, type, application and distribution channel as referenced above.

The countries covered in the tomato ketchup market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the tomato ketchup market because of the prevalence of fast-food restaurants and quick-service restaurants, as well as the preference of a large population base for ketchup variants. Asia-Pacific is expected to grow between 2022 and 2029, owing to rising fast-food consumption, increased westernisation, and a preference for various types of ketchup.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.    

Competitive Landscape and Tomato Ketchup Market Share Analysis

The tomato ketchup market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to tomato ketchup market.

Some of the major players operating in the tomato ketchup market are:

•  JBS S.A.(U.S.)
•  Kraft Foods (U.S.)
•  BRF S.A. (Netherlands)
•  Astral Foods (India)
•  Hormel Foods (Hungary)
•  2 Sisters Food (France)
•  Waitrose (Columbia)
•  Wm. Morrison Supermarkets (U.K.)
•  Samworth Brothers (U.S.)
•  General Mills Inc (U.K.)
•  Conagra Brands, Inc (U.S.)
•  Nestlé (U.S.)
•  Unilever (India)
•  Kellogg Co (U.S.)
•  McCain Foods Ltd. (U.S.)
•  The Kraft Heinz Company. (U.S.)
•  Associated British Foods plc (U.K.)
•  Ajinomoto Foods (Japan)
•  LantmännenUnibake (Germany)

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