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

June 2022 | 145 pages | ID: TB3F12002509EN
IMARC Group

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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, cafйs 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, along with forecasts at the global, regional and country 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, Nestlй S.A., Premier Foods plc, Sky Valley & Organicville (Litehouse Inc.), Tate & Lyle plc, The Kraft Heinz Company and Unilever Plc.

Key Questions Answered in This Report
1. What was the size of the global tomato ketchup market in 2021?
2. What is the expected growth rate of the global tomato ketchup market during 2022-2027?
3. What are the key factors driving the global tomato ketchup market?
4. What has been the impact of COVID-19 on the global tomato ketchup market?
5. What is the breakup of the global tomato ketchup market based on the type?
6. What is the breakup of the global tomato ketchup market based on the packaging?
7. What is the breakup of the global tomato ketchup market based on the distribution channel?
8. What are the key regions in the global tomato ketchup market?
9. Who are the key players/companies in the global tomato ketchup market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL TOMATO KETCHUP MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Flavored
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Regular
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Others
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY PACKAGING

7.1 Pouch
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Bottle
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Others
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY DISTRIBUTION CHANNEL

8.1 Supermarkets and Hypermarkets
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Convenience Stores
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Online Stores
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Others
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Household
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Commercial
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Others
  9.3.1 Market Trends
  9.3.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Bolton Group S.r.l.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
  15.3.2 Campbell Soup Company
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Conagra Brands Inc.
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
    15.3.3.4 SWOT Analysis
  15.3.4 Del Monte Food Inc.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 General Mills Inc.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 Lee Kum Kee Company Limited
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 Nestlй S.A.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8 Premier Foods Plc
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 Sky Valley & Organicville (Litehouse Inc.)
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 Tate & Lyle Plc
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis
  15.3.11 The Kraft Heinz Company
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
    15.3.11.4 SWOT Analysis
  15.3.12 Unilever Plc
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials

LIST OF TABLES

Table 1: Global: Tomato Ketchup Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Tomato Ketchup Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Tomato Ketchup Market Forecast: Breakup by Packaging (in Million US$), 2022-2027
Table 4: Global: Tomato Ketchup Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Tomato Ketchup Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Tomato Ketchup Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Tomato Ketchup Market Structure
Table 8: Global: Tomato Ketchup Market: Key Players

LIST OF FIGURES

Figure 1: Global: Tomato Ketchup Market: Major Drivers and Challenges
Figure 2: Global: Tomato Ketchup Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Tomato Ketchup Market: Breakup by Type (in %), 2021
Figure 4: Global: Tomato Ketchup Market: Breakup by Packaging (in %), 2021
Figure 5: Global: Tomato Ketchup Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Tomato Ketchup Market: Breakup by Application (in %), 2021
Figure 7: Global: Tomato Ketchup Market: Breakup by Region (in %), 2021
Figure 8: Global: Tomato Ketchup Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Tomato Ketchup (Flavored) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Tomato Ketchup (Flavored) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Tomato Ketchup (Regular) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Tomato Ketchup (Regular) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Tomato Ketchup (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Tomato Ketchup (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Tomato Ketchup (Pouch) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Tomato Ketchup (Pouch) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Tomato Ketchup (Bottle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Tomato Ketchup (Bottle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Tomato Ketchup (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Tomato Ketchup (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Tomato Ketchup (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Tomato Ketchup (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Tomato Ketchup (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Tomato Ketchup (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Tomato Ketchup (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Tomato Ketchup (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Tomato Ketchup (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Tomato Ketchup (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Tomato Ketchup (Household) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Tomato Ketchup (Household) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Tomato Ketchup (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Tomato Ketchup (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Tomato Ketchup (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Tomato Ketchup (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Canada: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Canada: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Asia Pacific: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Asia Pacific: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: China: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: China: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Japan: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Japan: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: India: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: South Korea: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: South Korea: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Australia: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Australia: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Indonesia: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Indonesia: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Europe: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Europe: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Germany: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Germany: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: France: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: France: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: United Kingdom: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: United Kingdom: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Italy: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Italy: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Spain: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Spain: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Russia: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Russia: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Latin America: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Latin America: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Brazil: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Brazil: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Mexico: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Mexico: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Middle East and Africa: Tomato Ketchup Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Middle East and Africa: Tomato Ketchup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Tomato Ketchup Industry: SWOT Analysis
Figure 84: Global: Tomato Ketchup Industry: Value Chain Analysis
Figure 85: Global: Tomato Ketchup Industry: Porter’s Five Forces Analysis


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