A new market study, titled “Discover Global Ketchup Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
QYResearch Group recently published an analysis on the global Ketchup market which is expected to record an impressive CAGR over the forecast period of 2019-2025. Ketchup is a sauce made from tomatoes and other fruits and vegetables. It contains various ingredients such as seasonings, spices, salt, vinegar, and additives. It is used as a condiment and served with dishes such as fries, burgers, and sandwiches.
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Key Players of Global Ketchup Market =>
- The Kraft Heinz Company
- ConAgra Foods
- Del Monte
- General Mills
- Chalkis Health Industry
- Red Duck Foods
- GD Foods
- Red Gold
- Cofco Tunhe
There are many factors attributable to the ascension of the global Ketchup market. Growing demand for fast food across the globe is one of the primary reasons supporting the growth of the global Ketchup market. Further, increasing demand for convenience foods is promoting higher demand for Ketchup market. The rising popularity of fast food in middle-class families is expected to foster the demand for Ketchup during the forecast period. Since Ketchup is a staple in many traditional fast food items which has boosted the adoption of Ketchup especially with local street foods.
On the other hand, the global Ketchup market is likely to witness some hindrance in the ascension during the forecast period. Rising use of condiments like mustard and barbecue sauce is the primary factor restraining the global Ketchup market during the forecast period.
The global Ketchup market is segmented on the basis of type, application, and region. Based on type, the global Ketchup market is segmented into catsup tomato paste and flavored tomato paste. Based on application, the global Ketchup market is segmented into commercial and household.
Detailed Regional Analysis
The global Ketchup market is regionally segmented into North America, Asia Pacific, Europe, Central & South America, and the Middle East & Africa. North America is further segmented into United States, Canada and Mexico. Asia Pacific is further sub-segmented into China, India, Japan, Singapore, South Korea, Australia, Malaysia, Thailand, Philippines, Vietnam, and Indonesia. Europe is further segmented into Germany, the UK, France, Spain, Russia, and Italy. Central and South America are further segmented into Brazil and Rest of Central and South America. The Middle East & Africa is further segmented into Turkey, Egypt, GCC countries, and South Africa.
Owing to the widespread popularity of fast food and a high prevalence of fast food joints and quick service restaurants in Europe and North America, these two regional segments are expected to spearhead the global Ketchup market during the conjecture period. However, within Asia Pacific and the Middle East & Africa, the market for Ketchup has exhibited promising potential for expansion in the past few decades. Further, economic development noted in these regions is leading to the smooth growth of the Ketchup market in the region.
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