Ketchup Market (Product - Flavored Ketchup, and Original Ketchup; Distribution Channel - Hypermarket/Supermarket, Convenience Stores, Online Stores, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on ketchup market provides in-depth analysis of segments and sub-segments in the global as well as regional ketchup market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional ketchup market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global ketchup market.

Market Insight:

The global ketchup market was valued at USD 16.6 billion in 2022 and is expected to reach USD 24.1 billion in 2030, with a CAGR of 4.1% during the forecast period 2023-2030.

Tomato ketchup, also known as a table sauce, which is a condiment made from ripe red tomatoes that can be enjoyed with both hot and cold foods. Its flavor is a delightful combination of sweetness and tanginess, making it a popular choice for enhancing the taste of various dishes. in addition, to create tomato ketchup, ripe blanched tomatoes are blended with vinegar, sugar, and a variety of seasonings and herbs. Vinegar acts as a preservative, while sugar helps balance the sauce's tanginess. Additional ingredients such as onion, allspice, coriander, clove, cumin, garlic, mustard, salt, and natural or artificial sweeteners are included to further enhance the flavor. This versatile condiment is commonly served alongside sandwiches, burgers, fries, and grilled or fried meat in homes, restaurants, cafes, and Quick-service Restaurants (QSRs). It can also be used as a base sauce for curries and soups, providing a boost to their overall flavor and consistency. Apart from its culinary benefits, tomato ketchup is a rich source of essential antioxidants, vitamins, and lycopene, offering various health benefits. It is available in regular and flavored variations, packaged in pouches, plastic bottles, and glass bottles for storage and distribution.

Increasing demand for convenient food products and fast food is expected to contribute toward the growth of the ketchup market over the forecast period. Increase in the working population worldwide, the proactive and busy lifestyle of the working class has increased the demand for convenient food products. Most people eat ketchup with these food products so, increasing consumption of convenient food is propelling the growth of the ketchup market. Additionally, millennial parents became a core market section for this product, growing the convenience that they provide is the main reason for the high consumption of ketchup. Parents are buying fast food items for their kids on a large scale. The increasing consumption of fast food by the population is supporting the growth of the ketchup market owing to its ability to enhance the flavor of food. Moreover, ketchup is a staple product, consumed as a deep with traditional and modern food. The innovation and development in the food industry and increasing consumption of continental food is providing growth opportunity to the market. Although, some ingredients in ketchup aggravate the stomach if a person has gluten-related disorders or tomato allergies which hamper the growth of the market.

The ketchup market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to hold a significant share of the ketchup market during the projected period. Tomato ketchup is most often used as a condiment to dishes that are hot, fried, or greasy such as french fries, burgers, potato dishes, hamburgers, hot dogs, chicken tenders, hot sandwiches, cooked eggs, and grilled or fried meat. These food products are daily consumed on a large scale In the North America region, which is propelling the growth of the market. Additionally, Ketchup is one of the most popular condiments in the region, and there are many different brands of ketchup, that manufactures unique, flavorful, and quality products. The high presence of manufacturers is contributing to the growth of the market. Moreover, the Asia-Pacific region may also grab a high share of the ketchup market during the forecasted period owing to the high consumption of fast food in the region.

Report Scope of the Ketchup Market:

Segment Covered

The report on global ketchup market covers segments such as product, and distribution channel. On the basis of product, the sub-markets include flavored ketchup, and original ketchup. On the basis of distribution channel, the sub-markets include hypermarket/supermarket, convenience stores, online stores, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Conagra Brands, Inc., Hindustan Unilever Limited, Del Monte Foods, Inc, Annie's Homegrown (acquired by General Mills), Bolton Group, Nestlé, The Kraft Heinz Company, CAMPBELL SOUP COMPANY, Kagome Co., Ltd., and General Mills Inc..

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the ketchup market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.