According to the latest report by IMARC Group, titled, “Tomato Ketchup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the global tomato ketchup market grew at a CAGR of around 5% during 2014-2019.
Tomato ketchup is a cold condiment made from soft red tomatoes. It is broadly used in several cuisines as a base sauce and is also served with fast foods, such as burgers, sandwiches, fries, and grilled or fried meat. The ketchup is prepared by blending tomato juice, puree, or paste with spices, further cooking them to attain the desired consistency. It also involves allspice, clove, onion, cumin, garlic, and additional sweeteners to enhance the end product flavor.
Market Trends
The proliferating food and beverage industry, changing consumer lifestyle and shifting preferences towards ready-to-eat fast foods are augmenting the demand for tomato ketchup globally. Cafes, hotels, and quick serving restaurants (QSRs) often offer ketchup as a condiment with the food, consequently impelling its demand. Additionally, the rising consumer inclination towards organic ketchup has prompted the utilization of chemical- and pesticide-free tomatoes and natural sweeteners to prepare ketchup enriched with antioxidants and other nutrients, further bolstering the product sales. Besides this, several promotional activities by manufacturers through social media platforms and easy product availability through online retail channels are also expected to drive the market growth.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Tomato Ketchup Market 2020-2025 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the major players operating in the industry include Bolton Group Ltd. (BOL), Campbell Soup Company (CPB), Conagra Brands, Inc. (NYSE: CAG), Del Monte Pac (D03.SI), General Mills Inc., Lee Kum Kee Company Limited, Nestlé S.A., Premier Foods plc, Sky Valley & Organicville (Litehouse Inc.), Tate & Lyle plc, The Kraft Heinz Company and Unilever Plc.
For more information about this report visit: https://www.imarcgroup.com/prefeasibility-report-on-a-tomato-ketchup-manufacturing-plant
The report has segmented the market on the basis of Type, Packaging, Application, Distribution Channel and Region.
Market Breakup by Type:
- Flavoured
- Regular
- Others
Market Breakup by Packaging:
- Pouch
- Bottle
- Others
Market Breakup by Application:
- Household
- Commercial
- Others
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Market Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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