Ketchup is a savory sauce used as both a meal condiment as well as an ingredient. The tomato ketchup is the best known type of ketchup. Moreover, the ketchup is used as a dressing or table condiment to be consumed with chips, burgers, etc. and is cold never heated as a rule. The global ketchup market is expected to witness a high growth over forecast period owing to changing dietary habits, inclination towards western lifestyle & culture, and augmented consumption of exotic flavours of ketchup. However, the presence of various ketchup alternatives in the market and low consumption of foods containing sugar are the factors hampering the market growth.
AMA Research have segmented the market of Global Ketchup market by Type, Application and Region. On the basis of Type, Tomato Ketchup are dominating the market in the year 2020 where as Mustard Ketchup stood as second largest market share.
On the basis of geography, the market of Ketchup has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Switzerland, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
The Rising Demand for Organic Ketchup and Changing Life Style Along With Eating Habits
Increasing Demand for Healthier Ketchup Varieties and Augmented Inclination towards Exotic Flavors of Ketchup
Rising Adoption of Western Lifestyle and Culture and Increase in Demand from Emerging Economies
- Presence of Numerous other Condiments
In addition to the aforementioned factor, Increasing Demand for Healthier Ketchup Varieties
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are Nestle (Switzerland), ConAgra Foods (United States), Del Monte Foods (United States), Kraft Heinz (United States), Hindustan Unilever (India), General Mills (United States), Annie's Homegrown (United States), Bolton Group (Italy), Mutti (Italy) and Campbell Soup Company (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Ketchup Market?
The Ketchup market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Ketchup Market?
Top performing companies in the Global Ketchup market are Nestle (Switzerland), ConAgra Foods (United States), Del Monte Foods (United States), Kraft Heinz (United States), Hindustan Unilever (India), General Mills (United States), Annie's Homegrown (United States), Bolton Group (Italy), Mutti (Italy) and Campbell Soup Company (United States), to name a few.
3. Which segment type would dominate the Ketchup Market in 2020?
Tomato Ketchup is dominating segment of Ketchup Market in 2020.