Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the Global Tomato Processing Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.11% during the review period (2022 to 2027).
The global tomato processing market is being driven by the increasing per-capita consumption of processed tomatoes globally. The market is being aided by the overall growth in the consumption of processed foods and beverages many of which contain processed tomatoes as an ingredient. Ketchup, especially, is a growing condiment sector which is witnessing a rising demand. Tomatoes are fruits belonging to the nightshade family (Solanaceae), which originated from Central and Western South America. They are a rich source of folate, potassium, antioxidant lycopene, and vitamin C and K. They offer numerous health benefits like aiding digestion, preventing cancer, protecting against sunburns, and maintaining heart health, blood pressure, as well as blood glucose levels in people with diabetes. At present, around 80% of the tomatoes produced around the world are freshly consumed, whereas the remaining 20% are employed in the tomato processing industry for preparing purees, soups, tomato ketchup, pickles, juices, and sauces. Tomatoes in industries, such as home, food processing, and snack foods, are driving the tomato market. They're also popular in the foodservice industry and used in hotels, restaurants, and fast-food outlets. The fast-food business is growing across the world, propelling the market forward. The expanding organized retail sector is also contributing to market expansion.
The Global Tomato Processing Market includes identification and analysis of the various market participants competing in the global market. Prime competitors include The Morning Star Company, COFCO Tunhe Tomato Co., Ltd., Xinjiang Chalkis Company Ltd, Ingomar Packing Co, ConAgra Brands, Inc, Olam International, Los Gatos Tomato Products, China Haohan Group Limited, Campbell Soup Company, Toma-Tek (Neil Jones Food Company), Stanislaus Food Products, C.I.O. -Consorzio Interregionale Ortofrutticoli S.c.a.r.l., Sugal Group, Pacific Coast Producers, Kagome Co., Ltd., CONESA Group, Tat Gida Sanayi A.S., Del Monte Foods, Inc, Xinjiang Guannong Tomato Products Co. Ltd., Mutti SpA Industria
18/02/2022: Olam to sell off Lemoore tomato plant
Olam wants to retain 10 acres of the processing plant site to continue its granulated garlic business but sell off the northern 15-acre tomato processing side of the business.
January 6, 2022: Nirit Seeds and TomaTech Acquired and Merged at a Value of Over $60M
Nirit Seeds and TomaTech specialize in breeding vegetable seeds, primarily tomatoes. AP Partners Fund, a leading Israeli private equity fund, and Discount Capital (an investment house) acquired the two companies at a value of over $60 million with the aim of merging them and creating the largest Israeli vegetable breeding seeds company
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
Asia Pacific is the largest producer of tomatoes, globally, secretarial for nearly half the global tomato output. China and India are their leading producers, not just in the region, but also the world. The increase in the tomato meting out capacity of China is a major heavy factor for the tomato dispensation market. The adoption of good cultural practices along with the high demand for tomatoes in countries like India and China is heavy the market for both fresh and processed tomatoes. The United States, however, is the largest tomato processing market in the world representing more than 35% of the market
The Global Tomato Processing Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Tomato Processing Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 3.11% during the review period (2022 to 2027). |
By Types |
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By Application |
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By Companies | The Morning Star Company, COFCO Tunhe Tomato Co., Ltd., Xinjiang Chalkis Company Ltd, Ingomar Packing Co |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 121 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Global Tomato Processing Market is studied from 2022-2027.
Who are the prime players in the Global Tomato Processing Market?
The Morning Star Company, COFCO Tunhe Tomato Co., Ltd., Xinjiang Chalkis Company Ltd, Ingomar Packing Co
Which region held the largest share in the Global Tomato Processing Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant Types of Global Tomato Processing Market?
Sauces, Pasta, Canned Tomatoes, Ketchup, Juice, Others
What are the major Application of Global Tomato Processing Market?
Home Users, Food Market
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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