Market Snapshot
2016-2024
2018
Asia Pacific
North America
5.20%
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Market Overview
Global ketchup market is forecasted to witness a CAGR of 5.20% during the forecast period (2019 - 2024).
- The market is preliminarily driven by consumers inclination towards western lifestyle and changing dietary habits, especially in developing countries.
- The burgeoning middle class would remain a vital consumer demographic for the fast food industry in the upcoming years, leading to significant growth prospects for the global ketchup market.
- Private label ketchup brands have been performing better than well-established brands in many countries such as the UK, France, Germany, and others. This is mainly because many consumers have cut down their spending on non-essential products such as ketchup, sauces, spreads, dressings, and other similar products.
Scope of the Report
Ketchup market is segmented by product type as regular ketchup and flavored ketchup. Regular ketchup is commonly served with fast food items such as sandwiches, burgers, fries, and grilled or fried meat. It is also commonly used as a base for other sauces, since its flavor is popular and agreeable. By packaging it is segmented as bottled and pouch. Moreover, by distribution channel as hypermarket/supermarket, convenience stores, online retail stores and other distribution channel.
| Product Type | |
| Regular Ketchup | |
| Flavored Ketchup |
| Distribution Channel | |
| Hypermarket/Supermarket | |
| Convenience Store | |
| Online Retail Stores | |
| Other Distribution Channels |
| Packaging | |
| Bottled | |
| Pouch |
| Geography | |||||||||
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Key Market Trends
Increasing Inclination Towards Organic Ketchup
The growing demand for organic tomato ketchup will be one of the significant trends that will gain the market traction in the coming years. Rise in health-conscious consumers owing to their growing preference towards organic products due to their natural and healthy ingredients would further fuel the market growth. Moroever, the high functional property of regular ketchup are boosting its market growth. There is an increase in the adoption of regular ketchup across the globe, owing to its high sustainability. Some of the companies providing organic ketchup includes The Kraft Heinz Company, Annie's Homegrown, Inc. and Orchard Lane. Morever, the global sales of organic food have increased between 2000 and 2017. In 2017, sales of organic food amounted to USD 97 billion, up from nearly USD 18 billion in 2000. This factor too is expected to spur the demand of organic ketchup in the global ketchup market.
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Changing Dietary Habits and Inclination towards Western Lifestyle
Inclination towards Western lifestyle and changing dietary habits of people, especially in developing countries, drive the growth of the ketchup market. Also, the consumers, especially in North America prefer to use ketchup, among all the other sauces and condiments. About 97% of households in the United States consume ketchup. The consumption of ketchup is gaining popularity day by day owing to the growing change in the food habits and increased consumption of Western-style fast food products, Chinese, continental and other convenient snack foods. The shift has been towards spending less time on food preparation or opting for more convenient options will likely to affect the growth of ketchup market globally. Consumers have expanded their usage of ketchup as it becomes a convenient replacement for other sauces and condiments.
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Competitive Landscape
The global ketchup market faces high competition; Majority of the share is held by the leading players, including Del Monte Foods, Inc, The Kraft Heinz Company, and Conagra Brands, Inc. The key players have intensely embarked on industry consolidation by leveraging their distribution network, entering into partnerships with local distributors especially in the emerging economies and developing new products with customization for different end-user industries. Moreover, these players are focussing on online distribution channels for their online marketing and branding of their products in order to expand their geographic reach and increase their customer base.
Major Players
* Complete list of players covered available in the table of contents below
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 Regular Ketchup
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5.1.2 Flavored Ketchup
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5.2 Distribution Channel
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5.2.1 Hypermarket/Supermarket
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5.2.2 Convenience Store
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5.2.3 Online Retail Stores
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5.2.4 Other Distribution Channels
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5.3 Packaging
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5.3.1 Bottled
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5.3.2 Pouch
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5.4 Geography
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5.4.1 North America
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5.4.1.1 United States
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5.4.1.2 Canada
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5.4.1.3 Mexico
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5.4.1.4 Rest of North America
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5.4.2 Europe
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5.4.2.1 Germany
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5.4.2.2 United Kingdom
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5.4.2.3 Italy
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5.4.2.4 France
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5.4.2.5 Russia
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5.4.2.6 Spain
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5.4.2.7 Rest of Europe
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5.4.3 Asia Pacific
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5.4.3.1 India
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5.4.3.2 China
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5.4.3.3 Japan
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5.4.3.4 Australia
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5.4.3.5 Rest of the Asia-Pacific
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5.4.4 South America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Rest of South America
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5.4.5 Middle East & Africa
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5.4.5.1 UAE
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5.4.5.2 South Africa
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5.4.5.3 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Major Strategies by Key Players
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6.2 Most Active Companies in the Past Five Years
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Conagra Brands, Inc.
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6.4.2 Del Monte Foods, Inc.
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6.4.3 Annie's Homegrown, Inc.
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6.4.4 Unilever
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6.4.5 The Kraft Heinz Company
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6.4.6 Nestle S.A.
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6.4.7 Campbell Soup Company
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6.4.8 Premier Foods Plc
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
