(Food-Beverage-News.Com, November 27, 2017 ) Tomato Ketchup is a popular tangy sauce that is made up of tomatoes, vinegar, sweetener and salt. It is a condiment used to serve dishes like fried meat, hamburgers, puffs, hot sandwiches, cooked eggs, grilled meat and hot dogs among others. It is used as an ingredient in the preparation of other sauces and dressings and as an additive flavouring for snacks like potato chips.
Increasing demand for fast foods, convenience offered by fast food, rich in taste, rising adoption of western food around the world, rising disposable incomes, availability of regional variants which is suitable for regional foods and changing lifestyle are driving the Asia-Pacific Tomato Ketchup Market.
However, usage of barbecue and mustard sauces and competition from other sauces and condiments which are alternatives to the usage of tomato ketchup are hampering the market growth.
In application segment, Direct family consumption accounts for the largest share in the segment due to the rich in taste and it became an ingredient in the almost every snack. In distribution channel, speciality stores are accounted to have the largest share due to rise in demand for tomato ketchup and the people attraction towards western food.
In 2017, Asia Pacific accounted to have the fastest growing rate in the egg processing market. Factors like adoption of western foods globally and rising consumption of fast food is expected to drive the market growth in the region.
Asia-Pacific Tomato Ketchup Market: Key Players
Key players in the Asia-Pacific tomato ketchup market are Campbell Soup Company, H. J. Heinz Company and Tate & Lyle plc. Other include General Mills Inc., Nestle India Ltd., Lee Kum Kee, Premier Foods Pl, and ConAgra Foods Inc.
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