Tomato Ketchup - Guinea | Statista Market Forecast

Revenue in the Tomato Ketchup market amounts to US$26.71m in 2024. The market is expected to grow annually by 9.80% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$6bn in 2024).
In relation to total population figures, per person revenues of US$1.84 are generated in 2024.
In the Tomato Ketchup market, volume is expected to amount to 8.25m kg by 2029. The Tomato Ketchup market is expected to show a volume growth of 1.9% in 2025.0.
The average volume per person in the Tomato Ketchup market is expected to amount to 0.5kg in 2024.

Definition:

The Tomato Ketchup market covers sauces that are largely derived from tomatoes. It is frequently used as the foundation for other sauces as well as a topping or component in many different types of food, including pasta, pizza, and soups.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Tomato ketchup
Tomato-based sauces similar to ketchup
Tomato sauces
Sieved tomatoes
No added sugar tomato ketchup, flavored tomato ketchup

Other sauces (e.g. chutneys, soya sauce, mayonnaise, mustard)
Out-of-home consumption

The Tomato Ketchup Market in Guinea nan, within The Food market, is experiencing subdued growth due to factors such as slow economic growth and fluctuating consumer demand. Despite this, the market is expected to grow as a result of increasing health consciousness and the convenience of online services.

Customer preferences: As consumers become more health-conscious, there has been a growing demand for organic and natural options in the Tomato Ketchup Market of the Sauces & Spices Market. This trend is driven by the increasing awareness of the health benefits of clean and sustainable food choices. Additionally, with the rise of plant-based diets, there is a growing demand for meatless and vegan ketchup options, leading to a shift towards more plant-based ingredients in the market.

Trends in the market: In recent years, the Tomato Ketchup Market of the Sauces & Spices Market within The Food market has seen a surge in demand for healthier, organic options. Consumers are becoming more health-conscious and are willing to pay a premium for products with natural ingredients. This trend is expected to continue as consumers become more educated about the harmful effects of artificial additives and preservatives. As a result, industry players are investing in research and development to innovate and cater to this growing demand. This trend also presents opportunities for small and medium-sized businesses to enter the market and offer unique, healthier alternatives to traditional ketchup brands.

Local special circumstances: In Guinea, the Tomato Ketchup Market of the Sauces & Spices Market within The Food market is heavily influenced by the country's rich agricultural resources and its diverse cuisine. The local demand for spicy and tangy flavors has led to the introduction of unique ketchup variants, such as hot pepper ketchup. Additionally, the country's strict regulations on food imports have created a strong market for locally produced ketchup, providing opportunities for domestic manufacturers to thrive.

Underlying macroeconomic factors: The Tomato Ketchup Market of the Sauces & Spices Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. Countries with stable economies and favorable fiscal policies tend to have a higher demand for tomato ketchup, as consumers have more disposable income to spend on food products. Additionally, the growing trend of healthy eating and the increasing popularity of global cuisines are driving the demand for tomato ketchup as a condiment. Furthermore, the growing urbanization and busy lifestyles in many countries have also contributed to the rising demand for convenient and easy-to-use food products, including tomato ketchup. Overall, stable economic conditions and changing consumer preferences are key drivers of growth in the Tomato Ketchup Market within The Food market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.