The global tomato processing market reached a volume of 40.5 Million Tons in 2018. Tomatoes are fruits that originated in Central and western South America. They belong to the nightshade family and 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, 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, ketchup, pickles, juices, and sauces.
Earlier, the consumption of processed tomato products was mostly confined to western countries. However, with the increasing westernization of food patterns and the rising middle-class population, the consumption of processed tomato products in developing countries is growing at a significant rate. Fast food chains currently represent one of the leading end users of these products around the world. This can be attributed to the increasing urbanization and inflating income level of consumers worldwide. Apart from this, processed tomato products are packed in multi-layer-flexible plastic bags or tetra packs to extend their shelf life, which makes them suitable for consumers who do not have access to fresh tomatoes. Moreover, there are various types of processed tomato products available in the market, which cater to the varied tastes and preferences of consumers. Looking forward, IMARC Group expects the market volume to reach 50.7 Million Tons by 2024, at a CAGR of 3.78% during 2019-2024.
Breakup by End Use:
At present, tomatoes are mostly processed into sauces, which are used to improve the texture and aroma of, and impart a tangy essence to, meat, pasta and vegetable dishes. Sauces are followed by pastes, canned tomatoes, ketchups and juices.
Breakup by Distribution Channel:
Supermarkets/hypermarkets account for the majority of the total market share.
On the geographical front, the United States enjoys the leading position in the market, owing to the rising demand for processed tomatoes, which are utilized for preparing various ready-to-eat (RTE) food products in the region.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:
Key Questions Answered in This Report:
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