(EMAILWIRE.COM, September 17, 2018 ) In the year 2018, Global Tomato Ketchup Market was valued at USD 3.98 Billion. By the year 2023, it is expected to reach USD 4.92 Billion at pace of 4.32% CAGR.

Tomato ketchup is prepared from red ripe tomatoes, distilled vinegar, high fructose corn syrup, sweeteners, salt, spices, onion powder and other natural ingredients. Tomato sauce is often served with fast food products such as sandwiches, burgers, French fries and grilled or fried meat. Tomato ketchup includes several types of sauces such as chili sauce, sweet and sour tomato sauce, sweet and spicy sauce, hot and sweet ketchup, etc.

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Underlying Causes

The growth for Tomato Ketchup market is driven due to factors like growing adoption western culture foods in the developing countries, increasing demand for fast food items across the globe, changing dietary habits, increasing consumption of exotic flavors of ketchup, and rising disposable incomes. In addition, increasing usage of different ketchups in restaurants, advancement of technologies in the food industry, introduction of innovative ketchup made with organic products, and increasing investments by private organizations are expected to drive the market growth. However, presence of numerous ketchup alternatives, and increasing prevalence of chronic diseases for consuming unhealthy food which is expected to restrain the growth rate for Global Tomato Ketchup Market during the forecast period.

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Geographic Segmentation:

Based on geography the Tomato Ketchup market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. North America holds the largest market share in the global tomato ketchup market followed by Europe. Asia-Pacific regions like India and China are rapidly growing due to increasing population, rising disposable incomes, and growing consumption of fast food products which is expected to contribute high growth rate for tomato ketchup market during the forecast period.

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Key Players:

Leading companies for Global Tomato Ketchup market are H. J. Heinz Company, Campbell Soup Company, Nestle India Ltd., Tate & Lyle plc, Lee Kum Kee, General Mills Inc., ConAgra Foods Inc. and Premier Foods Plc.

Contact Information:
Market Data Forecast.
Abhishek Shukla
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