Tomato Ketchup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Tomato Ketchup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A233
Buy Now

Market Overview:

The global tomato ketchup market reached a value of US$ 18.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 22.5 Billion by 2027, exhibiting a CAGR of 3.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Tomato ketchup, or table sauce, refers to a cold condiment manufactured from soft red tomatoes that can be consumed with both hot and cold food products. It has a sweet and tangy flavor and is often used with snacks and appetizers to enhance the flavor of the dish. Tomato ketchup is prepared by blending ripe blanched tomatoes with vinegar, sugar and various seasonings and herbs. The vinegar acts as a preserving agent and the sugar aids in managing the tanginess of the sauce. Ketchup also includes onion, allspice, coriander, clove, cumin, garlic, mustard, salt and additional natural and artificial sweeteners to enhance the flavor of the final product. It is commonly served on the side with sandwiches, burgers, fries and grilled or fried meat in homes, restaurants, cafés and quick serving restaurants (QSRs) and is also used as a base sauce for various curries and soups. It improves the overall flavor and consistency of the dish and is also a rich source of essential antioxidants, vitamins and lycopene that have various health benefits. Tomato ketchup is currently available in regular and flavored variants, which are stored and distributed in pouches and plastic and glass bottles.

Global Tomato Ketchup Market Trends:

Rising Popularity of Ready-to-Eat (RTE) Food Products

The market is primarily being driven by the increasing demand for ready-to-eat (RTE) fast foods, especially among millennials, across the globe. Tomato ketchup is widely used to improve the flavor of fritters, pizzas, sandwiches, burgers and French fries. The changing lifestyles, increasing expenditure capacities and shifting dietary preferences of the consumers are further providing a thrust to the market growth. Consumers prefer food and beverages that require minimal time to prepare and can be consumed on-the-go. Due to the increasing working population and hectic schedules, the consumption of readily available and convenience food products has escalated, thereby positively impacting the demand for condiments, such as tomato ketchup. The canned, bottled and pouch packaging of tomato ketchup also adds to the convenience, thereby increasing its overall demand.

Significant Growth in the Food and Beverage Industry

The increasing demand for tomato ketchup is further supported by significant growth in the food and beverage industry across the globe. Hotels, cafes and quick serving restaurant (QSR) chains are offering a wide variety of multi-cuisine foods that pair well with tomato ketchup. They are also using flavored tomato ketchup, including sweet and spicy, chili, barbeque, chipotle, curry, garlic, olive and jalapeno, to improve the flavor profile of the dish and offer unique culinary experiences to the diners.

Shifting Preference Toward Organic Product Variants

The rising health consciousness among the masses has led to the increasing demand for healthier and organic variants of tomato ketchup manufactured using natural ingredients. Consumer preference is rapidly shifting towards homegrown brands that produce ketchup using insecticide-free, pesticide-free and non-genetically modified organism (non-GMO)-based tomatoes. Organic tomato ketchup is also made using tomato concentrate consisting of a blend of red ripe organic tomatoes, distilled vinegar and naturally-sourced sugar, salt, onion powder, spices and flavorings. These variants have higher nutritional content and are also sustainable for the environment as they do not contain any artificial chemicals and preservatives.

Proliferating Online Retail Channels and Aggressive Promotional Activities

The market is further driven by aggressive promotional activities by product manufacturers on various social media platforms through the Internet. In line with this, millennials are among the largest consumers of RTE and fast-food products and are highly influenced by social media personalities. Product vendors are using innovative marketing strategies to promote these condiments through influential celebrities and sports personalities to reach and attract a broader consumer base. They are also using attractive packaging to grab the consumer’s attention and provide them with an authentic and luxurious experience through their high-quality products. Through online retail platforms, consumers are now able to place orders from the convenience of their homes and the product manufacturers and vendors are able to reach the audiences present in remote locations. They can also operate with minimal expenses and are increasingly investing in research and development (R&D) activities.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global tomato ketchup market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type, packaging, distribution channel and application.

Breakup by Type:

  • Flavored
  • Regular
  • Others


Breakup by Packaging:

  • Pouch
  • Bottle
  • Others


Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others


Breakup by Application:

  • Household
  • Commercial
  • Others


Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analyzed the competitive landscape of the market, with some of the key players being Bolton Group S.r.l., Campbell Soup Company, Conagra Brands Inc, Del Monte Food Inc., 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Packaging, Distribution Channel, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bolton Group S.r.l., Campbell Soup Company, Conagra Brands Inc, Del Monte Food Inc., 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Tomato Ketchup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Clients Testimonial

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More