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 b...