Tomato Ketchup Market size is expected to reach USD 25.4 billion by 2028

 Tomato Ketchup Industry Overview

The global tomato ketchup market size was valued at USD 20.90 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.8% from 2022 to 2028. The growing processed food industry and rising demand for fast food across the world are driving the market. Moreover, the continuous efforts on introducing flavored products with attractive packaging increase the demand for tomato processed products in emerging economies. Additionally, the rising popularity of ready-to-eat food products has been a significant factor fueling the market growth.

 

A tangy and sweet flavored condiment that is prepared using tomatoes, various spices, seasonings, sweetener, and other additives is known as tomato ketchup. Sometimes, it is also referred to as ketchup. Increasing consumption of tomato ketchup with various fast-food items among the millennials and generation Z is driving the market. Moreover, the increasing use of tomato ketchup by various cafes, fast-food serving restaurants, hotels, and others in the food and beverages industry is fueling the market growth over the forecast period.

 

Gather more insights about the market drivers, restrains and growth of the Global Tomato Ketchup Market


The consumers' inclination toward the western lifestyle and continuous changing dietary habits across the globe are propelling the growth of the market. In addition to this, the growing middle-class population, increasing disposable income, and urbanization across the globe are anticipated to fuel the growth of the global market. Increasing demand for organic ketchup due to the rising health concerns and awareness regarding the benefits among consumers across the globe is driving the industry sales.

 

The manufacturers are offering a wide range of products with various flavors such as hot and spicy and roasted garlic. However, government guidelines in countries such as the U.S., Germany, the U.K., China, and India are expected to maintain the quality of ketchup products. For instance, in the U.S., Government agencies such as the Food and Drug Administration (FDA), Food Product Standards and Food Additives (FSSAI), and the U.S. Department of Agriculture (USDA) impose multiple federal regulations and guidelines for the fast food and related product manufacturers. The published federal guidelines and rules ensure the quality of products up to the hygienic standards for consumption.

 

Increased demand for organic tomato ketchup has led to increased sales of organic tomato ketchup. Due to this factor, key players operating in the market are making product innovations. Moreover, key players operating in the market are involved in investments and the launch of varieties of ketchup to fulfill consumer needs by providing products obtained from healthy and natural ingredients.

 

Browse through Grand View Research's Consumer F&B Industry Research Reports

  • Frozen Bakery Market: The global frozen bakery market was worth USD 42.95 billion in 2022, expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. 
  • Chocolate Syrup Market: The global chocolate syrup market was valued at USD 8.7 billion in 2021 and is expected to witness a compound annual growth rate (CAGR) of 3.8% from 2022 to 2030.

 

Key Companies Profile

Some prominent players in the global tomato ketchup market include:

  • Nestle S.A.
  • The Kraft Heinz Company
  • Unilever
  • Bolton Group
  • Del Monte Foods, Inc.
  • Conagra Brands, Inc.
  • General Mills Inc. 
  • Campbell Soup Company
  • Premier Foods Plc
  • Kagome
  • Lee Kum Kee

 

Order a free sample PDF of Tomato Ketchup Market Intelligence Study, published by Grand View Research.

 

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