According to the latest report by IMARC Group, titled “Tomato Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global tomato processing market reached a volume of 43.4 Million Tons in 2021. Tomatoes are fruits that belong to the nightshade family, a native to South America. They are widely used as an essential ingredient in the preparation of numerous cuisines. They are rich in minerals, vitamins, potassium, fibers, carotenoids, beta-carotene and lycopene. As a result, their consumption is widely associated with maintaining optimum blood pressure, regulating digestion and improving heart health. A large portion of the globally cultivated tomatoes is consumed fresh in the form of salads, curries and soups. The remaining is used in the preparation of processed tomato products, including ketchup, soups, juices, sauces, powders, snacks, paste and concentrates.
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Global Tomato Processing Market Trends:
The global market is primarily driven by significant growth in the food and beverage sector. Processed tomato products are characterized by a relatively longer shelf life, ease of usage and storage. As a result, they are widely gaining preference across the food industry, especially in hotels, restaurants and fast-food joints. Rapid globalization, in confluence with the westernization of food patterns, is acting as another major growth-inducing factor. Moreover, there has been a growing demand for processed foods on account of shifting dietary preferences, rapid urbanization and increasing per capita income levels. Processed tomatoes, especially ketchup and dehydrated tomatoes, form an essential ingredient in the preparation of numerous ready-to-eat food products. This, along with the continual development of unique packaging formats to ensure safe distribution and improved shelf life of the products, is contributing to the market growth. For instance, manufacturers are employing multi-layer-flexible plastic bags or tetra packs to preserve the freshness and nutritional contents of the product for an extended period. On account of the aforementioned factors, the market is expected to grow at a CAGR of 3.8% during 2022-2027.
Market Summary:
- On the basis of the product type, the market has been divided into sauces, paste, canned tomatoes, ketchup, juice and others.
- On the basis of the distribution channel, the market has been bifurcated into business to business and retail market (supermarkets/hypermarkets, specialty stores, convenience stores, online and others).
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa (Turkey, Iran and others).
- The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players. Some of these players include The Morning Star Company, COFCO Tunhe Tomato Co., Ltd., Xinjiang Chalkis Co., Ltd, INGOMAR PACKING COMPANY, LLC, Conagra Brands, Inc., Olam International Limited, Los Gatos Tomato Products, China Haohan Group Limited, Campbell Soup Company, Neil Jones Food Company, Stanislaus Food Products, CIO Interregional Fruit and Vegetable Consortium Scarl, Sugal Group, Pacific Coast Producers, Kagome Inc., CONESA Group, Tat G?da Sanayi A.?, Del Monte Foods Inc., Xinjiang Guannong Tomato Products Co., Ltd., and Mutti S.p.A. Industria.
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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