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Global Ketchup Market is Anticipated to Reach USD 24.1 Billion and Growing at a CAGR of 4.1% During Forecast Period 2023 - 2030 | IGR
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Market Overview and Projected Growth
The global Ketchup Market, valued at USD 16.6 billion in 2022, is anticipated to escalate to USD 24.1 billion by 2030, exhibiting a commendable Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period spanning from 2023 to 2030.
Savoring the Flavor: Insights into Tomato Ketchup
Renowned as a table sauce, Tomato Ketchup is a condiment crafted from ripe red tomatoes, presenting a delightful blend of sweetness and tanginess. The sauce, created by blending ripe blanched tomatoes with vinegar, sugar, and a spectrum of seasonings and herbs, is a versatile accompaniment enjoyed with hot and cold foods alike. Its culinary applications extend from sandwiches, burgers, and fries to acting as a base sauce for curries and soups, enriching their taste and texture. Beyond flavor, Tomato Ketchup offers essential antioxidants, vitamins, and lycopene, imparting multiple health benefits.
Driving Forces and Market Expansion
The burgeoning demand for convenient food products and fast food significantly contributes to the growth of the Ketchup Market. The rise in the global working population, coupled with the inclination towards convenient food products, elevates the consumption of Ketchup. Moreover, millennial parents, valuing convenience, drive increased Ketchup consumption by incorporating it into their children's fast-food choices. The market also witnesses expansion through its versatility, being a staple condiment for traditional and modern cuisine. However, challenges arise from certain ingredients in Ketchup that may adversely affect individuals with gluten-related disorders or tomato allergies.
Regional Dynamics and Segments Covered
North America is poised to dominate the Ketchup Market, driven by the condiment's popularity in diverse dishes like fries, burgers, and various fast-food options. The region boasts numerous ketchup brands that offer unique and quality products, contributing to market growth. Meanwhile, the Asia-Pacific region emerges as a contender for a substantial share owing to the region's high consumption of fast food.
Segments Detailed in the Report
The report segments the global Ketchup Market based on products (flavored ketchup, original ketchup) and distribution channels (hypermarket/supermarket, convenience stores, online stores, among others).
Profiles of Key Market Players
The report presents detailed profiles of industry giants such as Conagra Brands, Inc., Hindustan Unilever Limited, Del Monte Foods, Inc., Annie's Homegrown (acquired by General Mills), Bolton Group, Nestlé, The Kraft Heinz Company, CAMPBELL SOUP COMPANY, Kagome Co., Ltd., and General Mills Inc., outlining their strategies and market positioning.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Ketchup Market Highlights
2.2. Ketchup Market Projection
2.3. Ketchup Market Regional Highlights
Chapter 3. Global Ketchup Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Product
3.4.2. IGR-Growth Matrix Analysis by Distribution Channel
3.4.3. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Ketchup Market
Chapter 4. Ketchup Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Ketchup Market
5.2. Companies Profiles
5.2.1. Conagra Brands, Inc.
5.2.2. Hindustan Unilever Limited
5.2.3. Del Monte Foods, Inc
5.2.4. Annie's Homegrown (acquired by General Mills)
5.2.5. Bolton Group
5.2.6. Nestlé
5.2.7. The Kraft Heinz Company
5.2.8. CAMPBELL SOUP COMPANY
5.2.9. Kagome Co., Ltd.
5.2.10. General Mills Inc.
Chapter 6. Global Ketchup Market by Product
6.1. Flavored Ketchup
6.2. Original Ketchup
Chapter 7. Global Ketchup Market by Distribution Channel
7.1. Hypermarket/Supermarket
7.2. Convenience Stores
7.3. Online Stores
7.4. Others
Chapter 8. Global Ketchup Market by Region 2023-2030
8.1. North America
8.1.1. North America Ketchup Market by Product
8.1.2. North America Ketchup Market by Distribution Channel
8.1.3. North America Ketchup Market by Country
8.1.3.1. The U.S. Ketchup Market
8.1.3.1.1. The U.S. Ketchup Market by Product
8.1.3.1.2. The U.S. Ketchup Market by Distribution Channel
8.1.3.2. Canada Ketchup Market
8.1.3.2.1. Canada Ketchup Market by Product
8.1.3.2.2. Canada Ketchup Market by Distribution Channel
8.1.3.3. Mexico Ketchup Market
8.1.3.3.1. Mexico Ketchup Market by Product
8.1.3.3.2. Mexico Ketchup Market by Distribution Channel
8.2. Europe
8.2.1. Europe Ketchup Market by Product
8.2.2. Europe Ketchup Market by Distribution Channel
8.2.3. Europe Ketchup Market by Country
8.2.3.1. Germany Ketchup Market
8.2.3.1.1. Germany Ketchup Market by Product
8.2.3.1.2. Germany Ketchup Market by Distribution Channel
8.2.3.2. United Kingdom Ketchup Market
8.2.3.2.1. United Kingdom Ketchup Market by Product
8.2.3.2.2. United Kingdom Ketchup Market by Distribution Channel
8.2.3.3. France Ketchup Market
8.2.3.3.1. France Ketchup Market by Product
8.2.3.3.2. France Ketchup Market by Distribution Channel
8.2.3.4. Italy Ketchup Market
8.2.3.4.1. Italy Ketchup Market by Product
8.2.3.4.2. Italy Ketchup Market by Distribution Channel
8.2.3.5. Rest of Europe Ketchup Market
8.2.3.5.1. Rest of Europe Ketchup Market by Product
8.2.3.5.2. Rest of Europe Ketchup Market by Distribution Channel
8.3. Asia Pacific
8.3.1. Asia Pacific Ketchup Market by Product
8.3.2. Asia Pacific Ketchup Market by Distribution Channel
8.3.3. Asia Pacific Ketchup Market by Country
8.3.3.1. China Ketchup Market
8.3.3.1.1. China Ketchup Market by Product
8.3.3.1.2. China Ketchup Market by Distribution Channel
8.3.3.2. Japan Ketchup Market
8.3.3.2.1. Japan Ketchup Market by Product
8.3.3.2.2. Japan Ketchup Market by Distribution Channel
8.3.3.3. India Ketchup Market
8.3.3.3.1. India Ketchup Market by Product
8.3.3.3.2. India Ketchup Market by Distribution Channel
8.3.3.4. South Korea Ketchup Market
8.3.3.4.1. South Korea Ketchup Market by Product
8.3.3.4.2. South Korea Ketchup Market by Distribution Channel
8.3.3.5. Australia Ketchup Market
8.3.3.5.1. Australia Ketchup Market by Product
8.3.3.5.2. Australia Ketchup Market by Distribution Channel
8.3.3.6. Rest of Asia-Pacific Ketchup Market
8.3.3.6.1. Rest of Asia-Pacific Ketchup Market by Product
8.3.3.6.2. Rest of Asia-Pacific Ketchup Market by Distribution Channel
8.4. RoW
8.4.1. RoW Ketchup Market by Product
8.4.2. RoW Ketchup Market by Distribution Channel
8.4.3. RoW Ketchup Market by Sub-region
8.4.3.1. Latin America Ketchup Market
8.4.3.1.1. Latin America Ketchup Market by Product
8.4.3.1.2. Latin America Ketchup Market by Distribution Channel
8.4.3.2. Middle East Ketchup Market
8.4.3.2.1. Middle East Ketchup Market by Product
8.4.3.2.2. Middle East Ketchup Market by Distribution Channel
8.4.3.3. Africa Ketchup Market
8.4.3.3.1. Africa Ketchup Market by Product
8.4.3.3.2. Africa Ketchup Market by Distribution Channel
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/market-reports/enquiry/1152
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of Ketchup.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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