Market Overview:
The Global Ketchup Market size is expected to grow from USD 20.9 billion in 2022 to USD 27.03 billion by 2030, at a CAGR of 2.9% during the forecast period (2023-2030).
To make ketchup, also known as catsup, ripened tomatoes are typically used as the main ingredient. Ketchup is made from a variety of ingredients, including tomatoes, vinegar, sugar, salt, allspice, cloves, and cinnamon. Other ingredients may be added depending on the desired flavor, such as onions, celery, and other spices. Ketchup is sometimes referred to as tomato sauce in some nations and areas. Anchovy, oyster, lobster, walnut, kidney bean, cranberry, cucumber, and grapes were some of the more well-liked early major ingredients in ketchup. Ketchup was traditionally made of mushrooms or fish brine with herbs and spices.
Top Key Players Covered In The Ketchup Market:
- Conagra Brands Inc. (US)
- The Kraft Heinz Company (US)
- General Mills Inc. (US)
- Unilever PLC. (UK)
- Trader Joe's (US)
- Nestlé S.A. (Switzerland)
- Sprouts Farmers Market Inc (US)
- Del Monte Foods Holdings Limited (US)
- Target Corporation (US)
- GD Foods (India)
- Carl Kühne KG GmbH & Co. (Germany)
- Sky Valley Foods (US)
- Red Duck Foods. (US) And Other Major Players
Market Dynamics and Factors:
The objective of Ketchup is to increase the sustainability of the mining industry. When conducting mining operations, Ketchup focuses on the sustainability of resources, the environment, and socioeconomic advantages. The goal of Ketchup is to create and implement technologies and procedures that will improve environmental performance while keeping mining operations competitive from exploration to post-closure. Moreover, the implementation of recently discovered Ketchup technologies by almost every miner is another factor supporting the growth of the market. Additionally, the takeaway and food delivery services for other restaurants than fast-food chains also provide ketchup pouches and packs to be served with meals which are also driving the market growth of Ketchup.
Customers are requesting more flavors of their choice to add to their favorite cuisines and snacks like burgers and fries as well as in sauces, meatloaf, beans, and stews as ketchup consumption increases across all areas. The Ketchup Manufacturing Industry has a lot of space to experiment with a lot of ingredients to provide consumers with their demands which is to boost the demand for ketchup in the upcoming days. The new generation with altered lifestyles and altered eating habits, which prefer to dine outside, are currently driving the ketchup market. Furthermore, it is these individuals who are driving demand for organic ketchup varieties with their increasingly physique-focused and health-conscious behavior, and demand is only likely to increase as more people become more concerned about their health.
Ketchup Market Report Highlight:
- By Product type, the Flavoured segment is anticipated to lead the growth of the Ketchup market in the forecasted timeframe. Tomato ketchup is made from tomatoes, sugar, and vinegar, with seasonings and spices. The spices and flavors vary, but commonly include onions, allspice, coriander, cloves, cumin, garlic, and mustard, and sometimes include celery, cinnamon, or ginger due to all these contents the taste of ketchup is delicious so the market is driving during the forecast period.
- By Nature, the organic segment is expected to have the highest share of the Ketchup market over the projected period. Organic ketchup is made from organic tomatoes and other organically produced ingredients. Its emergence is primarily the result of growing health awareness and fitness trends. Organic ketchup that is produced nowadays also contains sweeteners, salt, vinegar, and flavors and spices but the contents are organic.
- By Distribution channel, the Supermarkets & Hypermarkets segment anticipated the growth of the ketchup market during the forecast period. Supermarkets are becoming increasingly popular due to the availability of a diverse range of consumer goods under a single roof, ample parking space, and convenient operating hours. These stores offer a variety of brands in a specific product category, giving customers more options. Furthermore, some supermarkets have company representatives to assist customers in selecting the product.
- The North American region is expected to have the highest share of the Ketchup market over the projected period. North America Region with its modern population majorly residing in developed countries like the United States and Canada, holds the largest consumption as compared to other parts of the world. Today, most revenue in the Global Ketchup Market is generated in the United States.
Key Industry Development:
In May 2022, The renowned food business Heinz launched its new cold ketchup. The new Heinz Cold Ketchup is the same slow-pouring ketchup with a distinctive flavor, just colder. It was created with consumers who prefer it cold in mind. Heinz is introducing this ketchup in Canada to capitalize on consumers' increased spending on condiments.
In May 2022, ConAgra Foods, one of the largest food companies announced the launch of Hunt’s, the company’s flagship ketchup with a ‘Perfect Squeeze Ketchup system’ pack, as stated by the company this is the first and only hassle-free ketchup.
Ketchup Market Segmentation:
By Product Type
- Regular
- Flavored
By Nature
- Organic
- Conventional
By Application
- Household
- Commercial
By Distribution Channel
- Supermarkets & Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Retail
- Others
For this report, Introspective Market Research has segmented the Ketchup Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest Of Europe
- Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
- Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- South America
- Brazil
- Argentina
- Rest of SA
